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Real Estate Real Deals: TCU housing property sold

Real Deals: TCU housing property sold

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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. TCU housing property sold University Housing at TCU has been sold to an Amarillo-based limited liability company. The 14-bed student apartment building is located at 2528-2534 S. University Drive in Fort Worth. Marketing the property on behalf of the seller, a Fort Worth-based developer, was Mason B. Green, a senior associate in Marcus & Millichap Real Estate Investment Services’ Fort Worth office. The buyer also was represented by Green. Built in 2010 and 2014, the apartments were completely occupied at the close of escrow. The transaction closed in 40 days at 95 percent of the asking price, which was not disclosed. GOODWILL INDUSTRIES-FORT WORTH BUYS ARLINGTON RETAIL SPACE Goodwill Industries of Fort Worth Inc. has purchased an 11,000-square-foot retail space at 901 W. Lamar Blvd. in Arlington. The nonprofit agency is expected to open a new retail store, donation station and job resource center in early December after renovations and repainting. “Every retail store that Goodwill opens means more revenue to support our job training and placement programs for individuals with disabilities and other barriers to employment,” said David Cox, president and CEO of Goodwill Industries of Fort Worth, in a news release. “Ninety-three cents of every dollar of profit is dedicated to our mission, and we are excited to add these services to the North Arlington community,” Cox said. The store is part of Goodwill’s expansion strategy to reach as many residents as possible in Fort Worth, Arlington, Weatherford, Cleburne, Denton and surrounding areas.

SOUTHWEST HOME HEALTH MOVING FROM DOWNTOWN Southwest Home Health Services has leased new headquarters space in the Ridglea East Building in west Fort Worth, setting a plan in motion to relocate Oct. 1 from downtown. “The search for new space took just one month,” said Monika Guzman-Perez of Coldwell Banker Commercial Alliance DFW, commenting in a news release. “The dealmaker was the immediate availability and Ridglea East’s easy access to Interstate 30,” Guzman-Perez said. Southwest Home Health Services will move into a 3,842-square-foot space on the top level of the three-story, 34,321-square-foot office building at 5608 Malvey Ave. The landlord, Pescador Partners Ltd., was represented by Michael Berkowitz of Colonial Commercial Real Estate LLC. ALL STAR SELF STORAGE IN CROWLEY IS SOLD All Star Self Storage, located at 786 FM 1187 East in Crowley, has been sold to a limited liability company. Marketing the property on behalf of the seller, a private investor, was Brandon Karr, senior associate in Marcus & Millichap Real Estate Investment Services’ Fort Worth office. The buyer also was secured by Karr. All Star Self Storage is located on about 3.83 acres and offers 224 climate-controlled units, 214 drive-up units and two uncovered parking spaces. SALES A local investment company has purchased a 2,400-square-foot office building at 3010-3012 W. Lancaster Ave. in Fort Worth. The sellers, Jerry and Linda Brandt, were represented by Gary Vasseur of Coldwell Banker Commercial Searcy Vasseur Group. J. Searcy of the firm represented the buyer. LEASES Athleta has leased 4,400 square feet at University Park Village, 1600-1620 S. University Drive in Fort Worth, according to Xceligent Inc. Representing the landlord was Michael Nagy of UCR Retail Advisors-Urban. Hallmark Tech has leased 12,000 square feet at 2586 E. Long Ave. in Fort Worth, according to Xceligent Inc. Representing the landlord was Jeff Givens of Transwestern–Fort Worth. Av-DEC has leased 18,000 square feet at 1806-1814 Mony St. in Fort Worth, according to Xceligent Inc. Todd Hawpe of Transwestern–Fort Worth represented the landlord. Physicians Management Co. of Texas LLC has leased 3,090 square feet of office space in Pecan Street Office Park, 601 Zena Rucker Road in Southlake, from Kai Ohu Management LLC. Theron Bryant and Casey Tounget of Coldwell Banker Commercial Alliance DFW represented the tenant. Jim Kelley of Champions Real Estate DFW representing the landlord. Noah’s Collision has leased 4,000 square feet at Southwest Business Park, Building 2, 7920 Rodeo Trail in Mansfield, according to Xceligent Inc. Representing the landlord were James Maibach, Jordan Foster and Phil Young of Peyco Southwest Realty Inc. Season’s Hospice has leased 3,447 square feet at Clearview I, 1643 Lancaster Drive in Grapevine, according to Xceligent Inc. Representing the landlord was Jim Kelley of Champions DFW Commercial Realty. Mac’s on Main has leased 3,756 square feet at 909-925 S. Main St. in Grapevine, according to Xceligent Inc. Roger Smeltzer of Vision Commercial represented the tenant. Jim Leatherwood of Silver Oak Commercial Realty represented the landlord. Sterigenics has leased 25,000 square feet at 1252 Avenue T in Grand Prairie, according to Xceligent Inc. Matt Hyman of Duke Realty–Dallas-Fort Worth represented the landlord. SM Millworks has leased 8,450 square feet at 1801 109th St. in Grand Prairie, according to Xceligent Inc. Representing the landlord was Jim Hazard of E. Smith Realty Partners. Insulation Distributors Inc. has leased 11,825 square feet at Prologis GSW 6, 2501-2525 109th St. in Grand Prairie, according to Xceligent Inc. Cody Riles of ProLogis-Dallas represented the landlord. AT&T has leased 10,000 square feet at 208 Sentry Drive in Mansfield, according to Xceligent Inc. Jim Hazard of E. Smith Realty Partners represented the landlord. North Texas Basements has leased 6,000 square feet at 1128 Blue Mound Road West in Haslet, according to Xceligent Inc. Jim Eaton of RDS Real Estate represented the landlord.

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