The Fort Worth Business Press obtains some of its Real Deals content through a partnership with Xceligent Inc., a commercial real estate research firm.
Roger Williams auto dealer replacing Weatherford facility
Speed Fab-Crete has broken ground on a 60,000-square-foot Roger Williams auto dealership in Weatherford.
Construction is expected to be completed in April 2016, with the dealership offering Chrysler, Dodge, Jeep and Ram brands at 1102 Washington Drive along Interstate 20. The facility will replace the existing Roger Williams Auto Mall at 1015 Fort Worth Highway, also in Weatherford.
“Weatherford is a proud small-town community with a rich and celebrated history that has seen unparalleled growth in the past two decades,” said David Bloxom, president of Speed-Fab Crete, commenting in a news release.
“We are honored to be part of this notable project that will reap positive economic benefits to the city for years to come,” Bloxom said.
The new dealership’s exterior will feature Speed Fab-Crete’s high-strength precast concrete walls, cast stone, metal accents and floor-to-ceiling panoramic glass windows.
Interior amenities will include 25 service bays and car wash facility. Energy-efficient features will be incorporated throughout, emphasizing water efficiency, conservation of energy and natural resources, and reuse of materials.
The new dealership is the largest project in a companywide upgrade of Roger Williams’ Weatherford auto facilities, all of which are being built by Speed Fab-Crete and designed by Callahan & Freeman Architects.
Rounding out the project team are Fort Worth-based Callahan Structural Engineering Inc. as structural engineer; Arlington-based Fratto Engineering Inc. as mechanical, electrical and plumbing engineer; and Grapevine-based Kirkman Engineering as civil engineer.
A 3,700-square-foot expansion of the existing Roger Williams Collision Center also is under construction at 1405 Fort Worth Highway at Industrial Street. Business operations will continue during construction, which is slated to be complete in August. The expanded Collision Center will include new equipment, a training center and room to house more than 20 vehicles.
In addition to Speed Fab-Crete and Callahan & Freeman Architects, the Collision Center expansion project team includes Callahan Structural Engineering Inc. as structural engineer and Hulsey Engineering of Lillian as mechanical, plumbing and electrical engineer.
Sutton Square Apartments
sold in Hurst
Sutton Square Apartments, a 154-unit property at 601 Bellaire Drive in Hurst, has been sold to a limited liability company.
Marketing the property on behalf of the seller, also a limited liability company, was John Barker of Marcus & Millichap Real Estate Investment Services’ Fort Worth office.
Two apartment complexes
in Irving sold to investor
Pioneer House and Executive Apartments in Irving have been sold to a local private investor. The properties are located at 2851 West Pioneer Drive and 2700 West Grauwyler Road, respectively. Terms of the sale were not released.
William Jarnagin and Michael Ware with Marcus & Millichap Real Estate Investment Services marketed the properties on behalf of the seller, a private investor who has owned the sites for almost 20 years.
Ware and Jarnagin also procured the buyer, a local private investor who plans to make what Marcus & Millichap called “minor improvements” to the sites.
Old Capital arranged financing with a Fannie Mae loan from Arbor Commercial Mortgage LLC.
The properties collectively feature 15 buildings with nine efficiency apartments, 66 one-bedroom/one-bath units, 36 two-bedroom/one-bath units, 34 two bedroom/two bath units and one three-bedroom/two-bath units. At the time of listing, both properties reported 99 percent occupancy.
Marcus & Millichap arranges
sale of liquor store in east Texas
Fat Dog Beverages, dba Spec’s Liquor, in Cuney in east Texas has been sold to an out-of-state individual-personal trust. Terms of the sale were not disclosed.
Dallas-based Marcus & Millichap Real Estate Investment Services arranged the sale. Cuney is about three miles southwest of Lake Palestine and about 25 miles south of Tyler.
Jason Vitorino in Marcus & Millichap’s Dallas office marketed the property for the seller, an out-of-state investor. The buyer was procured by Russ Panowicz in Marcus & Millichap’s Palo Alto office. The property was previously listed with Stan Johnson Co.
Fat Dog Beverages is located at 8915 Highway 175 West. At the time of listing, more than 13 years remained on the original 20-year triple-net lease with a corporate guarantee by Spec’s Liquor.
Zac Thomas of Fort Worth-based Centra Partners represented Addison Apartments LLC in purchasing the 240-unit Addison Apartments at 17617 Midway Road. The seller was Houston-based Allen Harrison Co.
Richard Potter Testamentary Trust has sold a 12,000-square-foot industrial showroom at 4727-4841 Memphis St. in Dallas to William & Wesley Co. LLC. Leigh C. Richter of Bradford Commercial Real Estate Services represented the seller. Candace Rubin of Candace Rubin Co. represented the buyer.
HAI Services has leased 6,000 square feet at Riverbend, building 26, 2301-2337 E. Loop 820 N. in Fort Worth, according to Xceligent Inc. George Jennings and Donnie Rohde of Holt Lunsford-Fort Worth represented the landlord.
Regency Energy Partners has leased 8,910 square feet at The Carnegie, 421 W. Third St. in Fort Worth, according to Xceligent Inc. Representing the landlord were William Booker and Robert Gamblin of Sundance Square Management.
Global Hunter Securities has leased 2,073 square feet at One City Place, 300 Throckmorton St. in Fort Worth, according to Xceligent Inc. Representing the landlord were Matt Carthey and Geoff Shelton of Holt Lunsford-Fort Worth.
Texan Credit Corp. has leased 1,750 square feet at Alta Mere Shopping Center, 2901-2917 Alta Mere Drive in Fort Worth, according to Xceligent Inc. Bryan Dyer and Trip Green of Woodmont Co.-Fort Worth represented the landlord.
Glidepath has leased 48,000 square feet at Pioneer 360 Business Center, building 200, 2241 S. Watson Road in Arlington, according to Xceligent Inc. The tenant was represented by Michael A. Stanzel of NAI Robert Lynn. Cannon Green and Matt Dornak of Stream Realty Partners LP-Dallas represented the landlord.
American Warranty Services has leased 18,560 square feet at 1200 Minters Chapel Road in Grapevine, according to Xceligent Inc. Rick Medinis and Tyson Erwin of NAI Robert Lynn represented the landlord.
STI Construction has leased 10,080 square feet at 1006 Pamela Drive in Euless, according to Xceligent Inc. Jeff Givens and Tracy Georges of Transwestern-Fort Worth represented the landlord.
Red House Cajun Seafood has leased 7,609 square feet at 5120 State Highway 121 in Colleyville, according to Xceligent Inc. Greg Blandford of Position Property Group LLC represented the tenant. Mark Boone and Allison Cornwell of Realty Capital Management LLC represented the landlord.
Ubid Auction House has leased 6,000 square feet at Fossil Creek Shopping Center, 5600-5694 Denton Highway in Haltom City, according to Xceligent Inc. Nick Ibarra of Clear Fork Properties represented the landlord.
Point of Rental Systems has leased 4,834 square feet at Tower 360, 1901 N. State Highway 360 in Grand Prairie, according to Xceligent Inc. Erik Blais, Melanie Hughes and Sharon Friedberg of Bradford Commercial Real Estate Services-Fort Worth represented the landlord.
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