The Fort Worth Business Press obtains some of its Real Deals content through a partnership with Xceligent Inc., a commercial real estate research firm.
Weatherford welcomes first El Fenix
El Fenix has opened its first Weatherford restaurant, serving its beloved enchiladas and signature fare at 315 Adams Drive.
Town officials celebrated its grand opening on June 2, cutting the ribbon on the 5,944-square-foot space just north of Interstate 20 and east of State Highway 171. The location, acquired by Firebird Restaurant Group in 2008, is owned by Triton Weatherford EF LLC. It occupies part of a 1.4-acre site and is valued at $687,120, according to Parker County Appraisal District information.
Before the grand opening, El Fenix hosted three VIP events to help train staff while raising donations for Careity Foundation, a Fort Worth-based charity providing on-site services for economically challenged cancer patients, as well as early cancer detection.
The Weatherford location marks the first stand-alone location that El Fenix has built since the chain was acquired by Firebird Restaurant Group. The Weatherford location seats up to 242 diners and is the 23rd El Fenix restaurant.
Arlington Nebraska Book Company Center acquired
Arlington Nebraska Book Company Center in Arlington has been purchased by an unnamed private group.
Representing the seller of the two-tenant retail property at 2135 Southeast Parkway was Jason Vitorino of Marcus & Millichap Real Estate Investment Services, with Matt Moake of HighStreet Net Lease Group representing the buyer. The 6,000-square-foot center occupies part of a 1.22-acre parcel directly across from Tarrant County Community College. The center is 100 percent occupied and houses a bookstore and café.
Gardens Town Center in Arlington is sold
Gardens Town Center has been sold, with an unnamed partnership snapping up the 19,451-square-foot retail property at 4130 South Bowen Road in Arlington. Marketing the property on behalf of the seller, a developer, were Philip Levy and Chris Gainey, a senior director and associate, respectively, with Marcus & Millichap Real Estate Investment Services’ Fort Worth office. Levy also represented the buyer.
Gardens Town Center is 100 percent occupied, with half of the gross leasable area leased to Fossil Creek Liquor. Other tenants include Papa Murphy’s Take N Bake Pizza, Comet Cleaners, Subway, Town Garden Salon and Nail Salon.
Green House sold in LLC-to-LLC transaction
Green House has been sold, with a limited liability company purchasing the 39-unit apartment community at 2405 East Park Row in Arlington. Terms of the sale were not disclosed.
Marketing the property on behalf of the seller, a limited liability company, were Robert Denninger and Trey Caldwell, investment specialists with Marcus & Millichap Real Estate Investment Services’ Dallas office. The buyer also was procured by Denninger and Caldwell.
The property was built in 1966 and occupies part of a 1.44-acre tract. It comprises five, two-story buildings with 11 one-bedroom/one-bath units averaging 585 square feet and 28 two-bedroom/two-bath units averaging 840 square feet.
SALES
Jose Olvera Jaime and Juan Olvera Albarran have purchased a 4,000-square-foot property at 3312 Stuart Drive in Fort Worth. Representing the seller, Robert Bruhn, was Nathan Vasseur of Vasseur Commercial Real Estate Inc.
Queen Shiva LLC has purchased 4,184 square feet at 4567 James Ave. in Fort Worth. Representing the buyer was Nathan Vasseur of Vasseur Commercial Real Estate Inc., with Chris L. Stewart, also of Vasseur Commercial, representing the seller, Robert E. McClellan.
LEASES
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. Representing the landlord were Bryan Dyer and Trip Green of Woodmont Co.-Fort Worth.
Your Pest Control Company Inc. has leased 4,925 square feet of office-warehouse space at 2354 Great Southwest Parkway in Fort Worth. Representing the tenant was Danny Wilkerson of 312 Management, with Chris L. Stewart of Vasseur Commercial Real Estate Inc. representing the landlord, Thomas Properties.
Monarch PCM has leased 30,894 square feet at 7333 Jack Newell Blvd. N. in Fort Worth, according to Xceligent Inc. Representing the landlord were Jeff Givens and Tracy Georges of Transwestern–Fort Worth.
Robears Custom Food Trucks LLC has leased 2,000 square feet at 900 Business Park, 2069 FM 920 in Weatherford. Representing the landlord, Weatherford Warehouse Complex, was Dick Myers of Vasseur Commercial Real Estate Inc.
Savvy Shopper has leased 10,000 square feet at 3426-3442 Dalworth St. in Arlington, according to Xceligent Inc. Representing the tenant was NAI Robert Lynn, with Phillip Rosenfeld and Matt Thompson of Colliers International (USA)–Dallas representing the landlord.
Van Marcke Supply has leased 5,000 square feet at 2231-2249 E. Division St. in Arlington, according to Xceligent Inc. The tenant was represented by Rubicon Representation LLC. Representing the landlord were Dan Lawson and Chris Bly of Proterra Properties Inc.
Northern Imports has leased 4,456 square feet at 2231-2249 E. Division St. in Arlington, according to Xceligent Inc. Representing the landlord were Dan Lawson and Chris Bly of Proterra Properties Inc.
CHS Architects has leased 3,177 square feet at The Village at Forest Hills, 2500 Northeast Green Oaks Blvd. in Arlington, according to Xceligent Inc. Representing the landlord were Colt Power and Grant Irvin of NAI Robert Lynn.
OMG Donuts has leased 2,498 square feet at 2501-2505 W. Division St. in Arlington, according to Xceligent Inc. Representing the landlord was Scott Jackson of Hudson Peters Commercial.
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