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Real Deals: Walnut Creek Academy snaps up land for Mansfield campus

🕐 6 min read

The Fort Worth Business Press obtains some of its Real Deals content through a partnership with Xceligent Inc., a commercial real estate research firm. Walnut Creek Academy snaps up three-building Mansfield campus Walnut Creek Academy has purchased a three-building campus at 1751 N. Walnut Creek Dr. in Mansfield after leasing the property since late spring. Anticipating future expansion for the school, formerly named Walnut Creek Private School, officials bought the campus with plans to add fourth grade in the 2015-16 academic year. It now offers pre-kindergarten through third grade. It plans to offer high school classes within five years. The operator, CCAL Walnut Creek Private School LLC, also plans to house its corporate office at the site. “The acquisition of this campus will give us the opportunity to keep students in our schools from the beginning of their education to graduation,” said Charles Stidham, Walnut Creek CEO, in a news release. “We want to provide parents with the opportunity to have the best education for their children, a safe environment and one that is affordable,” Stidham said. The transaction began at a broker-to-broker networking session when Wayne Burgdorf of Coldwell Banker Commercial Alliance DFW learned that the campus had been on the market. Just a few months earlier, a Coldwell official and Stidham had discussed an expansion in the Mansfield market.

OAKMONT INDUSTRIAL PROPERTIES SOLD Oakmont Industrial Group’s Dallas industrial portfolio has been sold, with CBRE Capital Markets selling three key assets totaling 1.3 million square feet. The new cross-dock warehouses are just north and south of Dallas/Fort Worth International Airport, with two buildings in the D/FW Airport submarket and one in the Great Southwest/Arlington submarket. The portfolio was acquired for an undisclosed price by an unnamed buyer. Facilitating the transaction on behalf of Oakmont Industrial Group were Jack Fraker, Frank Flalon, Josh McArtor, Jonathan Bryan, Heather McClain Venegoni and Ryan Thornton of CBRE.

CHAMPIONS WRAPS UP TRANSACTIONS Champions DFW Commercial Realty LLC has completed several transactions in Fort Worth, Bedford, Mansfield, Southlake, North Richland Hills and Grand Prairie. In Fort Worth, Lisa Amend of Champions DFW represented an unnamed buyer in purchasing Legacy Marketplace, a 21,023-square-foot retail strip center at 9650 Legacy Drive. Amend represented another buyer in acquiring three new stand-alone, multitenant office buildings at 584, 590 and 596 Kimball Ave. in Southlake. In Mansfield, Larry Dillon of Champions DFW represented Raymond’s Liquor Store in leasing 5,500 square feet at 8111 Highway 287. At 813 Brown Trail in Bedford, Dillon represented the landlord when The Gospel Network leased 1,525 square feet and Elementz Body Works & Wellness Center leased 856 square feet. In Grand Prairie, Dillon represented the landlord from whom Christine’s Concrete Sawing and Sealing LLC leased 4,180 square feet at 311 Main St. Meanwhile, Dillon represented the landlord in three office leases. In Keller, Mink Lashes & Nail Bar leased 3,303 square feet at 721 Keller Parkway, and Cre8tive, an advertising and marketing firm, leased 1,051 square feet at 1665 Keller Parkway. In North Richland Hills, Demian Kim, DDS, leased 2,270 square feet at 8509 Davis Boulevard.

LEASES Metro Irrigation Supply Co. has leased 33,000 square feet at 2317 Cullen St. in Fort Worth. Representing the landlord, McDonald Enterprises Inc., was Gary E. Vasseur of Coldwell Banker Commercial Searcy Vasseur Group. Fort Worth Audi has leased 19,968 square feet at 825 N. Calhoun St. in Fort Worth. Tyler Branning of Keller Williams Realty represented the tenant, and Gary E. Vasseur of Coldwell Banker Commercial Searcy Vasseur Group represented the landlord. Sunrise Home Health Services has renewed its lease for 4,977 square feet of office space at 2117 Central Drive in Bedford. Beaux Riley of Coldwell Banker Commercial Alliance DFW represented the landlord, the Duvar Family Trust, in the direct deal. Petro Data Business Systems Inc. has added 2,164 square feet of office space for a total of 12,133 square feet in Chase Bank Center, 1301 S. Bowen Drive in Arlington. Beaux Riley of Coldwell Banker Commercial Alliance DFW represented the landlord, Bowen to be Wild LLC. Larry Denisoff of the Weitzman Group represented the tenant. EZ Worldwide Express has leased 12,096 square feet at 1013-1031 Avenue M in Grand Prairie, according to Xceligent Inc. The tenant was represented by Allyson Gump of Colliers International. Representing the landlord were Kacy Jones and Steve Koldyke of CBRE-Dallas. NNR Global Logistics USA has leased 24,000 square feet at DFW Global Logistics Centre, 1160 Mustang Drive in Grapevine, according to Xceligent Inc. The tenant was represented by Rick Medinis of NAI Robert Lynn. Representing the landlord were Steve Koldyke and Adam Hammack of CBRE-Arlington. Case Paper has leased 25,145 square feet at 2555 114th St. in Grand Prairie, according to Xceligent Inc. The tenant was represented by Patrick Embry of NAI Robert Lynn. Representing the landlord was Corby Hodgkiss of Mercer Co. Putivar has leased 3,001 square feet at Colorado Park, building D, 1105 Colorado Lane in Arlington, according to Xceligent Inc. Representing the landlord was Linda Hardcastle of American Synergy Management-Arlington. Crossfire Car Audio has leased 6,562 square feet at Prologis Port America 20, 756 Port America PL in Grapevine, according to Xceligent Inc. The tenant was represented by Sammy Abuhamra of Mercer Co. Representing the landlord were Gil Stroube and Oscar Couto of Lincoln Property Co.-Dallas. AJ Rod Co. Ltd. has leased 7,780 square feet at 1470 Post and Paddock Road in Grand Prairie, according to Xceligent Inc. The tenant was represented by Jason Miller of Bradford Commercial Real Estate Services-Stemmons 190. Representing the landlord was Gordon Foster of Foster & Co. Logoplaste has leased 50,060 square feet at DFW Trade Center, building H, 4051 Freeport Parkway in Grapevine, according to Xceligent Inc. The tenant was represented by Dean Collins, Mark Collins, Shannon Johnston and Britt Casey of Cushman & Wakefield. Representing the landlord were Cannon Green and Blake Kendrick of Stream Realty Partners LP-Dallas. HI Fort Worth LLC has leased 1,575 square feet at 424 Keller Parkway in Keller, according to Xceligent Inc. The tenant was represented by Colt Power of NAI Robert Lynn. Representing the landlord was James Keoughan of Briggs Freeman. Metro Structural Consultants has leased 2,169 square feet at 820 Business Tower I, 305 Northeast Loop 820 in Fort Worth, according to Xceligent Inc. The tenant was represented by Jim Montgomery of Swearingen Realty Group-Dallas. Representing the landlord were Russell Podraza, Travis Moore and Ben Appleby of Paladin Partners. AIB Inc. has leased 2,843 square feet at 820 Business Tower I, 305 Northeast Loop 820 in Fort Worth, according to Xceligent Inc. The tenant was represented by William Mason of Swearingen Realty Group-Dallas. Representing the landlord were Russell Podraza, Travis Moore and Ben Appleby of Paladin Partners. Sidney Franks Importing has leased 2,645 square feet at Tower 360, 1901 N. Texas 360 in Grand Prairie, according to Xceligent Inc. The tenant was represented by Chris Mendez of Coldwell Banker Commercial Alliance DFW. Representing the landlord were Erik Blais, Melanie Hughes and Sharon Friedberg of Bradford Commercial Real Estate Services-Fort Worth.

Send real estate news to lgraham@bizpress.net

 

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.

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