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Real Estate Real Deals: The Ridglea to bring Fort Worth new senior living option

Real Deals: The Ridglea to bring Fort Worth new senior living option

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

 The Ridglea, a new assisted living and memory care community, is scheduled to open in fall 2016 in Fort Worth. Transaction details were not disclosed.

The development will be operated by Fort Worth residents Lou and Malcolm Street and Misti and Wayne Powell. The Streets and Powells owned The Courtyard at River Park for 27 years before selling the property in 2013.

Their newest property is planned to stand along Westridge Avenue just south of Ridglea Country Club. The Ridglea will have 75 units in its first phase, with a second phase of independent-living cottages to follow.

GOVERNORS ROW BUILDING SOLD

Bardin Square Investors Ltd. has sold a 5,488-square-foot office building in Governors Row, a 10-building office campus in North Arlington, to a local investment group. The building, located at 2001 E. Lamar Blvd., was sold to 2001 East Lamar LLC. The partners comprising the LLC, the buyer of record, will move into a 1,303-square-foot, first-floor suite. Michael Griffin of Transwestern represented the buyer.

AUTOWASH BUYS SITE FOR HQ

AutoWash Services has purchased a 29,480-square-foot office-warehouse at 2925 114th St. in Grand Prairie, its latest step in relocating its headquarters from downtown Arlington.

Plans by the city to widen Abrams Road prompted the move from AutoWash’s current location at 1305 E. Abrams Road. The relocation will occur immediately.

The light-industrial structure is in the Great Southwest Industrial Park, which straddles Arlington and Grand Prairie. The AutoWash Services site features 3,504 square feet of office space, four dock doors and staging bay, and other amenities. AutoWash Services is a wholesale supplier of car wash equipment and supplies.

Casey Tounget and Theron Bryant of Coldwell Banker Commercial Alliance DFW represented the buyer. Representing the seller, Ralph McMillan, owner of RAMCO Laundry Machinery Inc., was Michael Stanzel of NAI Robert Lynn.

NRH PROPERTY SOLD FOR $6.3M

The Woodmont Co. has completed the $6.3 million sale of North Hills Village, a 188,856-square-foot retail center in North Richland Hills, to a private investor. Representing the seller, a subsidiary of LNR Partners LLC, were Brad Cruickshank, Trip Green and Randy Bell of The Woodmont Co. The two-building property is located at 7520-7640 Northeast Loop 820 and sits on 16.4 acres. It was 34 percent occupied at the time of sale and features tenants Cinemark Theaters, Mattress Firm, Subway and T-Mobile, among others.

HENRY S. MILLER SELLS MALL INTERESTS

Henry S. Miller Co. has closed on the sale of a 49 percent ownership interest in two of its largest North Dallas shopping centers to a private family trust.

The two properties are Market at Pepper Square, a 281,153-square-foot property at Preston and Beltline roads, and Central Forest Shopping Center, a 94,879-square-foot property at North Central Expressway and Forest Lane.

“This transaction is part of my overall strategic business plan to liquefy our real estate holdings during this low cap rate environment to build a war chest to redeploy into several new development projects,” said CEO Greg Miller in a news release.

Arranging the sale was Jim Brownlow of HSM Equities, with Robert DuBois of the Miller Co. representing the seller.

SALES

Scott Lowe of Vision Commercial Real Estate LLC and John Casburn of Vasseur Commercial recently completed sales negotiations for an undisclosed buyer to purchase a 3,600-square-foot auto garage at 1012 Florence St. in downtown Fort Worth. Lowe represented the buyer and Casburn represented the seller.

Paragon Enterprises JV has sold 2.23 acres at 1500 E. Devitt St. in Fort Worth to Kendrick Williams. Jack Huff and Kyle Poulson of Transwestern represented the seller.

WS Vacek Investments LP has sold an 82,443-square-foot industrial building at 205 N. Vacek St. in Fort Worth. Sarah LanCarte of Transwestern represented the seller.

1700 Lacy LLC has sold a 32,615-square-foot industrial building at 1700 Lacy Drive in Fort Worth to Royal Brass and Hose. Sarah LanCarte of Transwestern represented the seller.

Aubrey Allred has sold a 9,442-square-foot industrial building at 2940 Chesser Boyer Road in Fort Worth to Sam Restivo dba Phenix Custom Cabinets. Todd Hawpe and Jeff Givens of Transwestern represented the seller.

Scott Lowe of Vision Commercial Real Estate LLC has completed sale negotiations for a 6,687-square-foot medical office building at 848 W. Mitchell St. in Arlington. Lowe represented the seller, Texas VH Investment Group.

Barrett England of Vision Commercial Real Estate LLC and Bing Shi of Bing International LLC have completed sale negotiations for a 0.35-acre pad site at 2500 Legacy Point Drive in northeast Arlington. England represented the seller, Dequire Homes Ltd., and the buyer, Bing International LLC.

Scott Lowe of Vision Commercial Real Estate LLC and Michael Berkowitz of Colonial Commercial Real Estate recently completed sale negotiations for a 34,540-square-foot shopping center at 2401 W. Pioneer Parkway in Pantego. Lowe represented the buyer, Sync Holdings Ltd. Berkowitz represented K&HT Corp., the seller.

Machine Products Inc. has sold a 24,418-square-foot industrial building at 9534 Industrial Road in Justin to Asset Preservation dba Q1 1700 Lacy LLC. Sarah LanCarte of Transwestern represented the seller.

LEASES

Sikorsky Aircraft Corp. has expanded its lease to 1,138 square feet of office space in First Command Plaza, 4800 Overton Plaza in Fort Worth. Kirk Kelly, Jack Huff and Kyle Poulson of Transwestern represented the landlord.

Jester-Quintanilla Dallas LLP has extended its lease for 7,370 square feet at 1301 W. Seventh St. in Fort Worth with Texas SW Cattle Raisers Association. Kirk Kelly, Jack Huff and Kyle Poulson of Transwestern represented the landlord.

Walter Velazquez has expanded and renewed its lease for 3,375 square feet of industrial space at USTC Mark IV Truck Center, 5309 Superior Parkway in Fort Worth, with CH Realty IV/USTC GP LLC. Todd Hawpe and Jeff Givens of Transwestern represented the landlord.

Kapp & Miller PC has extended its lease for 3,172 square feet of office space at 550 Bailey Ave. in Fort Worth with Peloton Commercial. Whit Kelly of Transwestern represented the landlord.

Sundt Construction Inc. has leased 2,866 square feet of office space in The Offices at So7, 2421 W. Seventh St. in Fort Worth, from So7 No. 3 Ltd c/o CDK Realty Advisors LP. Leland Prowse of Transwestern represented the tenant. Prowse and Alex Bryant of Transwestern represented the landlord.

OCGPR has restructured its existing lease at 1320 S. University Drive in Fort Worth with Southside Bank. Alex Bryant of Transwestern represented the tenant.

Challenger Supply Holdings has leased 4,463 square feet at Fossil Creek Tech Center V, 4070-4090 Sandshell Drive in Fort Worth, according to Xceligent Inc. Jeffrey Smith of Rockwood Capital-Dallas represented the landlord.

Trophy Arts has leased 5,000 square feet at 2601 White Settlement Road in Fort Worth, according to Xceligent Inc. Jim Parr of William C. Jennings Co. represented the landlord.

Alan Plummer Associates Inc. has renewed its lease for 23,705 square feet at 1320 S. University Drive in Fort Worth with Southside Bank. Alex Bryant and Leland Prowse of Transwestern represented the tenant.

Victoria’s Southwest Jewelry & Gallery has leased 2,094 square feet at Ridglea Village Shopping Center, 6008-6150 Camp Bowie Blvd. in Fort Worth, according to Xceligent Inc. Easley Waggoner of Venture Commercial-DFW represented the landlord.

The Tile Shop has leased 16,951 square feet at Haltom Place Business Park, 6316 Airport Freeway in Fort Worth, according to Xceligent Inc. Leland Prowse of Transwestern-Fort Worth represented the landlord.

DaVita Dialysis has leased 7,962 square feet at The Shops at Hulen, 5800-5866 S. Hulen St. in Fort Worth, according to Xceligent Inc. Jon McDaniel and Kornel Romada of NAI Robert Lynn-Retail Division represented the landlord.

Hooters has leased 7,035 square feet at The City Place, 150 Throckmorton St. in Fort Worth, according to Xceligent Inc. Shelley Taylor and Alex Johnson of The Retail Connection-Dallas represented the landlord.

Method Pharmaceuticals has leased 3,170 square feet at 7333 Jack Newell Blvd. N. in Fort Worth, according to Xceligent Inc. Jeff Givens and Tracy Georges of Transwestern-Fort Worth represented the landlord.

The Happy Lark has leased 2,990 square feet at The Shops at Hulen, 5800-5866 S. Hulen St. in Fort Worth, according to Xceligent Inc. Jon McDaniel and Kornel Romada of NAI Robert Lynn-Retail Division represented the landlord.

Firehouse Subs has leased 1,880 square feet at Westover Village II, 501 Alta Mere Drive in Fort Worth, according to Xceligent Inc. Chris Corbin and Michael Dearden of Venture Commercial-DFW represented the landlord.

The Knot has leased 1,863 square feet at Katy Crossing, 5801 Golden Triangle Blvd. in Fort Worth, according to Xceligent Inc. Michael Wilson and Michael Dearden of Venture Commercial-DFW represented the landlord.

SciFi Factory has leased 1,556 square feet at Lake Worth Towne Crossing, 6548-6636 Lake Worth Blvd. in Lake Worth, according to Xceligent Inc. Dan Shoevlin and Ryan May of CBRE|UCR Retail Advisors-DFW represented the landlord.

Livingston Hearing Aid Center has leased 1,547 square feet at Lake Worth Towne Crossing, 6548-6636 Lake Worth Blvd. in Lake Worth, according to Xceligent Inc. Dan Shoevlin and Ryan May of CBRE|UCR Retail Advisors-DFW represented the landlord.

Beauty Supply has leased 1,600 square feet at Seminary Shopping Center, 3075 Mansfield Highway in Fort Worth, according to Xceligent Inc. Alan Sandgarten of Quine & Associates Inc.-Dallas-Ft. Worth represented the landlord.

OM Therapeutic Massage has leased 3,733 square feet at Mont Del Plaza, 6441-6469 Southwest Blvd. in Benbrook, according to Xceligent Inc. Michael Berkowitz of Colonial Commercial Real Estate LLC represented the landlord.

Rice Box has leased 2,400 square feet at Bear Creek III Corner, 1000 S. Main St. in Keller, according to Xceligent Inc. Michelle Le of Quine & Associates Inc.-Dallas-Ft. Worth represented the landlord.

Intelisol has leased 51,956 square feet at Northbrook Business Center, Building 2, 1001 Northeast Loop 820 in Saginaw, according to Xceligent Inc. Sarah LanCarte, Jeff Givens and Tracy Georges of Transwestern-Fort Worth represented the landlord.

Accell Expeditors Inc. has leased 5,000 square feet at 320-322 International Parkway in Arlington. Will Dillard of Bradford Commercial Real Estate Services represented the tenant. Corby Hodgkiss of Mercer Co. represented the landlord

Van Marcke has leased 4,860 square feet at Highway 26 Shopping Center, 7511-7525 Boulevard 26 in North Richland Hills, according to Xceligent Inc. Nick Carrington of Quine & Associates Inc.-Dallas-Ft. Worth represented the landlord.

Fit Dance Studio has leased 2,384 square feet at Tara Village Colleyville, 1009-1101 Cheek Sparger Road in Colleyville, according to Xceligent Inc. Clint Montgomery of Sperry Van Ness/Visions Commercial represented the landlord.

Hobby Lobby has leased 2,057 square feet at Mayfair Village, 500-754 Grapevine Highway in Hurst, according to Xceligent Inc. Rob Murphy of Phillips Edison & Company-Cincinnati represented the landlord.

Verizon Wireless has leased 1,755 square feet at Collins Center, 922-934 N. Collins St. in Arlington, according to Xceligent Inc. Richard Polishuk of Henry S Miller Brokerage LLC-Dallas represented the landlord.

Taqueria has leased 1,575 square feet at Collins Center, 922-934 N. Collins St. in Arlington, according to Xceligent Inc. Richard Polishuk of Henry S. Miller Brokerage LLC-Dallas represented the landlord.

Echo Locum Tenens Inc. has leased 34,188 square feet at 7 Village Circle in Westlake, according to Xceligent Inc. Josh White and Neal Puckett of CBRE represented the tenant. Chris Taylor, Rodney Helm, Trey Smith and Layne Mayfield of DTZ represented the landlord.

The Becket Corp. has renewed its lease for 5,085 square feet of distribution space in Las Colinas Distribution Center 4, 3250 Skyway Circle N. in Irving. Brian Pafford and Jason Miller of Bradford Commercial Real Estate Services represented the landlord, James Martino Children’s Ltd., in the direct deal.

JNIT Technologies has leased 3,573 square feet of office space at 1900 Enchanted Way in Grapevine from Capital Commercial Investments Inc. Sharon Friedberg and Melanie Hughes of Bradford Commercial Real Estate Services represented the landlord. Mansur Lalji of Re/Max represented the tenant.

TexSet LLC has leased 24,148 square feet of industrial space at 9534 Industrial Road in Justin from Three S&W LLC. Sarah LanCarte of Transwestern represented the landlord. Todd Hawpe of Transwestern, represented the tenant.

Grocery Delivery Services USA has leased 18,432 square feet at 3315 E. Randol Mill Road in Arlington from Howard Bock. Joe Rudd of Transwestern represented the landlord.

Berkeys Plumbing Heating Air Conditioning & Electrical Services has leased 15,000 square feet at 2865 Market Loop in Southlake, according to Xceligent Inc. Allen Gump and Allyson Gump of Colliers International (USA)-Dallas represented the landlord.

Discount Merchandise has leased 6,000 square feet at 1000-1008 Commercial Blvd. N. in Arlington, according to Xceligent Inc. Mark Sullivan of Ritter & Associates Real Estate LLC represented the landlord.

RBI Psychiatry has leased 2,888 square feet at 1751 Broad Park Circle South in Mansfield, according to Xceligent Inc. Bobby Montgomery and Jon McDaniel of NAI Robert Lynn-Retail Division represented the landlord.

The Hamilton Group has leased 2,238 square feet at Arlington Tower, 1600 E. Pioneer Parkway in Arlington, according to Xceligent Inc. Justin Smith of TXRE Properties LLC represented the landlord.

Spa Habitat has leased 2,206 square feet at Park Village, 1001-1161 E. Southlake Blvd. in Southlake, according to Xceligent Inc. Amy Pjetrovic and Tim Henson of Venture Commercial-DFW represented the landlord.

Grayson Allen Fine Jeweler has leased 1,768 square feet at Park Village, 1001-1161 E. Southlake Blvd. in Southlake, according to Xceligent Inc. Amy Pjetrovic and Tim Henson of Venture Commercial-DFW represented the landlord.

Tracy Griffith Consulting has leased 1,500 square feet at Prologis Port America 12, 747 Port America Place in Grapevine, according to Xceligent Inc. Gil Stroube and Oscar Couto of Lincoln Property Co.-Dallas represented the landlord.

Echo Locum Tenens Inc. has leased 34,188 square feet of office space in Solana business park at 7 Village Circle in Westlake. Josh White and Neal Puckett of CBRE represented the tenant. Chris Taylor, Rodney Helm, Trey Smith and Layne Mayfield of DTZ represented the landlord, Equity Office Properties, an affiliate of The Blackstone Group.

Dassault Systems Americas Corp. has leased 6,905 square feet of office space in Mandalay Tower at 220 E. Las Colinas Blvd. in Irving. Conor McCarthy and Brian Knies of Jones Lang LaSalle represented the tenant. Chris Taylor and Rodney Helm of DTZ represented the landlord, Parmenter Realty Partners.

RGIS LLC has leased 1,201 square feet of office space in Arlington Oaks, 215 Billing St. in Arlington from One Oak Over the Line. Judy Nitzinger of Coldwell Banker Commercial Alliance DFW represented the landlord. Kenneth Saltzman of CRESA, Washington, D.C. represented the tenant.

Fuse5 has leased 1,464 square feet of office space in Southlake Town Square, 1256 Main St. in Southlake. Paul Blight of Glacier Commercial Realty represented the tenant. Trey Smith and Ward Eastman of DTZ represented the landlord, Retail Properties of America.

Southwest Restaurant Equipment has leased 15,000 square feet at 3200-3220 Dalworth St. in Arlington, according to Xceligent Inc. Patrick Embry of NAI Robert Lynn represented the tenant. Bob Kent of Kent Realty represented the landlord.

Care Review has leased 10,695 square feet at Brookhollow Two, 2221 E. Lamar Blvd. in Arlington, according to Xceligent Inc. Richmond Collinsworth of Bradford Commercial Real Estate Services represented the tenant. Bryan Graham of CBRE-Arlington represented the landlord.

Metro Communications Systems has leased 9,628 square feet at Prologis Hanover 2, 601 Hanover Drive in Grapevine, according to Xceligent Inc. Gil Stroube and Oscar Couto of Lincoln Property Co.-Dallas represented the landlord.

Planet Fitness has leased 19,488 square feet at Haltom City Center, 3300-3328 Denton Highway in Haltom City, according to Xceligent Inc. Ryan Jordan and Tyler Grisham of Edge Realty Partners represented the tenant. Greg McDonald of The Weitzman Group-Dallas represented the landlord.

Joy Wash World has leased 3,414 square feet at Harwood Crossing, 1060-1080 N. Main St. in Euless, according to Xceligent Inc. Charlotte Cooper and Tonya Hagood of Venture Commercial-DFW represented the landlord.

Brandi Renee Designs has leased 3,000 square feet at the Kimball Building, 500 N. Kimball Ave. in Southlake, according to Xceligent Inc. Tim Lancaster of TLC Realty represented the landlord.

Lone Star Films has leased 2,650 square feet at 410-416 Grapevine Highway in Hurst, according to Xceligent Inc. Chris Mendez of Coldwell Banker Commercial Alliance-DFW represented the landlord.

Southern Donuts and Bakery has leased 1,788 square feet at 500 Bedford Road in Bedford, according to Xceligent Inc. Roger Smeltzer of Vision Commercial Real Estate represented the landlord.

Safelite Fulfillment Inc. has extended its lease for 16,230 square feet at 3201 E. Randol Mill Road in Arlington from 4045 Lamorna Drive. Joe Rudd of Transwestern represented the landlord.

Grocery Delivery Services USA has signed a lease for 10,000 square feet at 630 112th St. in Arlington with Karen Samulesohn. Joe Rudd of Transwestern represented the landlord.

Intelligent Mexican Marketing has leased 32,529 square feet at Pioneer 360 Business Center, Building 200, 2241 S. Watson Road in Arlington, according to Xceligent Inc. Cannon Green and Luke Davis of Stream Realty Partners LP-Dallas represented the landlord.

Duke’s Original Roadhouse has leased 17,150 square feet at the Shops at Central Park, 2200-2400 Airport Freeway in Bedford, according to Xceligent Inc. Jill Fisher of Dunhill Partners-Dallas-Ft. Worth represented the landlord.

Classy Closets of DFW has leased 9,992 square feet at DFW Airfreight Center, 1240 Texan Trail in Grapevine, according to Xceligent Inc. Phillip Rosenfeld, Matt Thompson and Jacob Goodman of Colliers International (USA)-Dallas represented the landlord.

Art Ballet Academy has leased 3,506 square feet at Woodridge Village, 6001-6077 Interstate 20-W in Arlington, according to Xceligent Inc. Jeff Marek of Vision Commercial Real Estate represented the landlord.

Texas C&D Amusements has leased 2,850 square feet at Trinity Plaza, Building I, 4005 Clay Ave. in Haltom City, according to Xceligent Inc. Ed Runyon of WFR Properties represented the landlord.

American Senior Benefits has leased 2,005 square feet at Stadium Place, 1200 E. Copeland Road in Arlington, according to Xceligent Inc. Erik Blais, Richmond Collinsworth and Clint Manning of Bradford Commercial Real Estate Services represented the landlord.

Texas Health Resources has leased 19,788 square feet at the JPMorgan Chase Bank tower, 500 E. Border St. in Arlington, according to Xceligent Inc. Neal Puckett of CBRE-Dallas represented the landlord.

Northstar Energy has leased 10,858 square feet at Copeland Tower, 1250 E. Copeland Road in Arlington, according to Xceligent Inc. Erik Blais, Richmond Collinsworth and Clint Manning of Bradford Commercial Real Estate Services-Fort Worth represented the landlord.

Stars & Stripes has leased 7,100 square feet at Prologis Port America 23, 800 Port America Place in Grapevine, according to Xceligent Inc. Gil Stroube and Oscar Couto of Lincoln Property Co.-Dallas represented the landlord.

Gameday Productions Inc. has leased 6,405 square feet at Regency Office Center, 1331-1441 Airport Freeway in Euless, according to Xceligent Inc. Roger Smeltzer of Vision Commercial Real Estate represented the landlord.

Fair Choice has leased 3,737 square feet at 3017 Medlin Drive in Arlington, according to Xceligent Inc. Sue Burns of Isenberg Management Associates represented the landlord.

Texas Secure Title Co. has leased 1,983 square feet at Chase Bank Center, 1301 S. Bowen Road in Arlington, according to Xceligent Inc. Derek Wright of Texas Allegiance Real Estate represented the tenant. Beaux Riley of Coldwell Banker Commercial Alliance-DFW represented the landlord.

Frontier Utilities LLC has leased 1,845 square feet at Brown Trail Tower, 2921 Brown Trail in Bedford, according to Xceligent Inc. Colt Power of NAI Robert Lynn represented the landlord.

Birmingham Fastener has leased 43,754 square feet at Westpark Distribution Center, 1825 Westpark Dr. in Grand Prairie, according to Xceligent Inc. Grant Whittle of Holt Lunsford-Dallas, Steve Koldyke of CBRE-Arlington and Kacy Jones of CBRE-Dallas represented the landlord.

Road Dog Drivers LLC has leased 1,324 square feet of office space at 726 Dalworth St. in Grand Prairie from Ancre LLC. Chris Mendez of Coldwell Banker Commercial Alliance DFW represented the landlord. Eric Anderson of Coldwell Banker Commercial Alliance DFW represented the tenant.

Baker, Moran, Doggett, Ma & Dobbs LLP has extended its lease for 3,548 square feet, adding 1,143 square feet of office space in Preston Pointe Centre, 1400 Preston Road in Plano, from Intercity Investment Properties Inc. Sharon Friedberg and Melanie Hughes of Bradford Commercial Real Estate Services represented the landlord.

BizCom Associates has leased 2,181 square feet of office space in Preston Pointe Centre, 1400 Preston Road in Plano, from Intercity Investment Properties Inc. Sharon Friedberg and Melanie Hughes of Bradford Commercial Real Estate Services represented the landlord. Jonathan Hill of Morrow Hill Corporate Real Estate Strategies represented the tenant.

Hugedata LLC has renewed its lease for 1,934 square feet of office space in Sterling Plaza, 5949 Sherry Lane in Dallas. Richmond Collinsworth of Bradford Commercial Real Estate Services represented the tenant. Seth Thatcher of CBRE represented the landlord, KBSlll Sterling Plaza LLC.

Fulcrum Consulting LLC has leased 1,646 square feet of office space in Preston Pointe Centre, 1400 Preston Road in Plano, from Intercity Investment Properties Inc. Sharon Friedberg and Melanie Hughes of Bradford Commercial Real Estate Services represented the landlord. Chris Walsh of Lincoln Property Co. represented the tenant.

The Principal Consulting LLC has leased 699 square feet of office space in Preston Pointe Centre, 1400 Preston Road in Plano, from Intercity Investment Properties Inc. Sharon Friedberg and Melanie Hughes of Bradford Commercial Real Estate Services represented the landlord.

Send real estate news to lgraham@bizpress.net

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