74.7 F
Fort Worth
Sunday, September 27, 2020
- Advertisements -
Real Estate Real Deals: Riverside Commons in Las Colinas sold

Real Deals: Riverside Commons in Las Colinas sold

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...
Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

The Fort Worth Business Press obtains some of its Real Deals content through a partnership with Xceligent Inc., a commercial real estate research firm.

Riverside Commons in Las Colinas sold Riverside Commons, the six-building office complex in Irving’s Las Colinas area, has been snapped up by Brookfield Property Group. The Class A property boasts 460,297 square feet, of which 37 percent are leased. Arranging the transaction on behalf of the seller were Gary Carr, Eric Mackey, John Alvarado and Robert Hill of CBRE Group Inc. “Investors were attracted to this asset due to its high-profile Las Colinas location and asset quality,” said Mackey, senior vice president of CBRE, commenting in a news release. “Riverside Commons also offers tremendous upside through the lease-up of available space within one of Dallas’ top resurging office submarkets,” Mackey said.

Salazar law firm’s former HQ building is sold John R. Salazar has sold a 24,865-square-foot, two-story office building in Dallas’ Stemmons corridor to a North Texas-based investment group in an all-cash transaction. The personal injury attorney’s longtime location at 8100 John W. Carpenter Freeway in west Dallas went on the market last year after his law firm’s headquarters had relocated to Salazar Center, a tower he owns in downtown Dallas. Representing the seller of record, John R. Salazar Properties Inc., in the transaction was Monika Guzman-Perez of Coldwell Banker Commercial Alliance DFW. The buyer, Hickory Creek Retail LP, was represented by Mark Pierce and Reagan Vidal of Commercial Realty Partners LLC. Salazar is maintaining a 1,800-square-foot suite at 8100 John W. Carpenter Freeway for the future while the 9,500-square-foot balance of his former headquarters office is marketed for lease.

Flooring Services breaks ground on Lewisville project

Flooring Services Inc. has broken ground on a two-building complex in Lewisville, bringing its North Texas operations into a single location. “When this project is completed, it will be a tremendous showcase for Flooring Services,” said Larry Knox, executive vice president of Bob Moore Construction Inc., the Arlington firm serving as general contractor for the project, with Dallas-based Pross Design Group acting as architect. The March 7 groundbreaking celebrated 421,000 square feet of commercial space planned for the site, along Texas 121. Planned for Building A are 204,350 square feet of warehouse space, 57,688 square feet of corporate offices and a 54,350-square-foot master showroom. The second building will provide 105,004 square feet of manufacturing space for the company’s hard surface products. Since 1983, Flooring Services has provided flooring and interior building products for Texas, Oklahoma and Louisiana customer. The Lewisville project is expected to reach complete in first quarter 2015.

LEASES Security State Bank has signed a lease for 1,530 square feet at Stonegate Plaza I, 2813 S. Hulen St. in Fort Worth, according to Xceligent Inc. Representing the landlord, Texas KP LP, in the transaction was Jeffrey Day of Centra Partners LLC.

Willow Bend Mortgage Co. has signed a lease for 1,530 square feet at Stonegate Plaza I, 2813 S. Hulen St. in Fort Worth, according to Xceligent Inc. Representing the tenant in the transaction was David Cason of Holt Lunsford, with Jeffrey Day of Centra Partners LLC representing the landlord, Texas KP LP.

Villa Grande Mexican Restaurant has signed a lease for 4,000 square feet at 14113 Trinity Blvd. in Fort Worth, according to Xceligent Inc. Representing the tenant in the transaction was Paul Vernon of John T. Evans. Mickey Ashmore of United Commercial Realty-DFW represented the landlord.

H&R Block has renewed its lease for 2,000 square feet at Village Square Shopping Center, 732 E. Pipeline Road in Hurst, according to Xceligent Inc. Representing the tenant in the transaction was Katie O’Toole of Cassidy Turley Commercial Real Estate Services. Karen Simon and Erik Blais of Bradford Commercial Real Estate Services-Fort Worth represented the landlord, Engelsma LP.

Joe’s Italian Cafe has renewed its lease for 5,379 square feet of retail space in Forum at Beltline, 4002 Belt Line Road in Addison. Representing the landlord, ARI Forum LLC, in the direct deal were Sharon Friedberg and Melanie Hughes, senior vice presidents of Bradford Commercial Real Estate Services.

Nationwide Insurance Co. agent Suzanna Harrison has renewed the company’s lease for 2,572 square feet of office space in Tribros Plaza, 3825 Green Oaks Blvd. West in Arlington. The landlord, Tribros Properties, was represented in the direct deal by Beaux Riley of Coldwell Banker Commercial Alliance DFW.

Alvy’s Logistics/Alvy’s Trucking LLC has renewed its lease for 2,337 square feet of office space in Plaza Tower, 2121 Airport Freeway in Irving. Representing the landlord, Hastings Cove Ltd., in the direct deal was Beaux Riley of Coldwell Banker Commercial Alliance DFW.

Gecko Green has leased 9,075 square feet of warehouse space in Gateway Business Center, Building 4, 6015 Commerce Dr. in Irving from Eltz-Gateway LP. Representing the tenant in the transaction was Brian Pafford, senior vice president of Bradford Commercial Real Estate Services. Chris Andler of Property Advisers Realty Inc. represented the landlord.

SALE DCT Industrial has purchased 100,423 square feet at Centreport Business Park, 4200 Diplomacy Road in Fort Worth, according to Xceligent Inc. Henry Miller III of Henry Miller III Commercial Real Estate Services represented the buyer, and D. Conrad Madsen III and Greg Nelson of Lee & Associates represented the seller, Cutler Holdings.

Dearborn Land Investment has purchased four acres north of Interstate 30 across from AT&T Stadium in the 1400 block of Wet N Wild Way in Arlington. The seller, Arlington Land Associates, was represented by Pat McDowell of JLL (formerly Jones Lang LaSalle). Fernando Camargo of Camargo Realty represented the purchaser.

2450 Handley Ederville has purchased 22,000 square feet of industrial space in Fort Worth. Representing the seller were Jeff Givens and Ben McBroom of Transwestern.

Nerium International LLC has expanded to 29,305 square feet, leasing 5,508 square feet of additional office and storage space in Forum at Beltline, 4004 Belt Line Road in Addison. Representing the landlord, ARI Forum LLC, in the transaction were Sharon Friedberg and Melanie Hughes, senior vice presidents of Bradford Commercial Real Estate Services. Robbie Baty and Bill McClung of Cushman & Wakefield of Texas Inc. represented the tenant.

———————————————————————————————————– Send real estate news to lgraham@bizpress.net  

- Advertisements -
- Advertisements -

Latest News

Shaddock continues growth with acquisiton of Utah title insurance agency

Plano-based Shaddock National Holdings on Sept. 25 continued its series of acquisitions by adding US Title, the largest privately held title insurance...

The Turney Group is now with ULTERRE-Christie’s International Real Estate

Walker Turney has announced formation of The Turney Group – the newest real estate group within ULTERRE, the...

Longtime Fort Worth brokerage joins Berkshire Hathaway HomeServices

Longtime Fort Worth independent brokerage, Alexander Chandler Realty, will join Berkshire Hathaway HomeServices, part of the HSF Affiliates LLC family of real...

New Master-Plan 1,000 home community set for Northlake

Taylor Morrison has announced The Ridge at Northlake, a new master-planned community located near Northlake in Denton County...

US homes sales rise 2.4% in August

By MATT OTT AP Business WriterSILVER SPRING, Md. (AP) — Sales of existing homes rose 2.4% in August to its highest level...