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Lima Corporate has leased all remaining space at its Offices at Forest Hills building in Arlington, which has served as the company’s U.S. headquarters since last year. The Italian orthopedic products manufacturer has expanded twice since then and now occupies the entire 12,000-square-foot building at 2001 Northeast Green Oaks Blvd. Brokering the lease and representing the landlord, WCII 1 LLC, was Jim Poynter of Tenant Realty Advisors LLC. More information is available at http://www.lima.it/
Stream Realty, Cabot announce Grand Prairie industrial project
Dallas-based Stream Realty Partners LP and Cabot Properties have joined forces to develop two industrial buildings totaling 322,853 square feet at Roy Orr and Trinity boulevards in Grand Prairie.
Cabot recently purchased the property for a project to be known as Trinity Crossing. It is being designed to accommodate tenants needing 30,000 to 175,000 square feet.
The project’s central location – not to mention what Cabot called rising demand for Class A space – was key to the development plan.
“The opportunity to build a modern, state-of-the-art industrial property in the Great Southwest submarket is very appealing to us,” said Damian Bailey, Cabot’s vice president of investments, commenting in a news release.
“Tenant demand for Class A multitenant buildings is outpacing supply, and Trinity Crossing will provide us with the ability to capitalize on that dynamic,” Cabot said.
Stream Realty Partners, a national real estate services firm, will handle development and leasing. Cannon Green, managing director and partner of Stream’s Dallas office and Luke Davis, an associate, will oversee leasing.
Steve Riordan, construction manager of Stream’s construction division, will oversee the project as it develops.
Trinity Crossing is expected to break ground in September and is planned to open in the second quarter of 2016.
Stream Realty Partners LP is a full-service real estate investment, development and services company. Its staff works from Dallas, as well as offices in Fort Worth, Atlanta, Austin, Charlotte, Denver, Houston, southern California, San Antonio and Washington, D.C. The firm leases and-or manages more than 120 million square feet of commercial buildings nationwide.
Cabot Properties, based in Boston, is a private equity real estate investment firm. It has invested $6.4 billion in industrial real estate, managing and operating more than 3,000 tenants in more than 145 million square feet.
SALES
SWBC Real Estate has sold the Overlook Ranch apartments in north Fort Worth. SWBC developed the property in a partnership with American National Insurance Co. CAF Capital Partners purchased the property in an off-market transaction for an undisclosed amount. The Class A property comprises 318 garden-style units in one-, two- and three-bedroom floorplans.
16 Village Lane, a two-story, 11,890-square-foot retail-office building in Colleyville, has been sold. An investment buyer, SC 16 Village Lane Investment LLC, bought the Village at Colleyville property fronting both Colleyville Boulevard-Highway 26 and Village Lane. Russ Webb, LeAnn Brown and Debra Perryman of Silver Oak Commercial Realty represented the seller, Realty Capital Chase Monticello LP. Geoff Shelton and Matt Carthey of Holt Lunsford Commercial-Fort Worth represented the buyer.
Winsome Resources LLC has sold 1.5 acres for a restaurant site at 1600 Highway 287 in Mansfield to RCTM Realty Inc. Mark Sullivan of Ritter and Associates Real Estate LLC represented the seller. Raul Arriaga of Ultima Real Estate represented the buyer.
Van Cleve Investments Inc. has sold property at 833 W. Euless Blvd. in Euless to Medical Health Management Inc. Mark Sullivan of Ritter and Associates Real Estate LLC represented the seller, and Ruben Reynoso of RMR Enterprises Inc. represented the buyer.
KBR Enterprises Inc. has sold a 9,000-square-foot, metal office warehouse site at 814 Kennedale Parkway in Kennedale to Triton Building Management. Mark Sullivan of Ritter and Associates Real Estate LLC represented the seller. Bryan Graham of CBRE Brokerage Services represented the buyer.
L. Lucille Lyles has sold 11.605 acres for existing residential development under construction along South Main Street in Mansfield to Bloomfield Homes. Mark Sullivan of Ritter and Associates Real Estate LLC represented the seller.
LEASES
PrintMail Systems Inc. has leased 10,800 square feet at Northern Crossing Business Park, Building D, 3051 Northern Cross Blvd. in Fort Worth. Donnie Rohde and Matt Carthey of Holt Lunsford-Fort Worth represented the landlord.
Premier Refrigerated Warehouse has leased 6,157 square feet at Franklin Distribution Center, Building 2, 2322-2334 Franklin Drive in Fort Worth. Bob Scully of CBRE-Fort Worth represented the landlord.
Faucet Parts Store Inc. has renewed its lease for 3,560 square feet of industrial flex space at 2500 E. Randol Mill Road in Arlington. Jason Miller of Bradford Commercial Real Estate Services represented the tenant. Matt Dornak of Stream Realty Partners LP represented the landlord, Randol Mill Place Commercial Park.
Transtar Aircraft Interiors LLC has leased 17,860 square feet at 1184 Corporate Drive W. in Arlington. David Dunn of Sperry Van Ness/Dunn Commercial LP-Dunn Commercial represented the landlord.
Brown Mackie College has leased 15,349 square feet at Airport Centre II, 2200 State Highway 121 N. in Bedford. Tom Smolik of TIG Real Estate Services-Dallas represented the landlord.
Great Wall of China has leased 4,000 square feet at Shops of Saginaw, 1029 N. Saginaw Blvd. in Saginaw. Barrett England and Roger Smeltzer of Vision Commercial Real Estate represented the landlord.
Integrity Texas Funding LP has leased 2,651 square feet at Arlington Downs Tower, 2225 E. Randol Mill Road in Arlington. Robert Snider of RW Snider Investments represented the tenant. Erik Blais and Richmond Collinsworth of Bradford Commercial Real Estate Services-Fort Worth represented the landlord.
Pyxis Investment Group LLC has leased 2,375 square feet at Arlington Downs Tower, 2225 E. Randol Mill Road in Arlington. Casey Tounget of Coldwell Banker Commercial Alliance represented the tenant. Erik Blais and Richmond Collinsworth of Bradford Commercial Real Estate Services-Fort Worth represented the landlord.
Master Iron Co. has leased 2,000 square feet at 106-280 N. Main St. in Grapevine. Eric Deuillet and Jake Burns of Structure Commercial represented the tenant and the landlord.
Closet Treasures has leased 1,567 square feet at 419-423 S Main St. in Grapevine. Eric Deuillet of Structure Commercial represented the tenant and the landlord.
Party City has leased 32,895 square feet at Watauga Pavilion, 7600-7620 Denton Highway in Watauga. David Levinson of The Retail Connection-Dallas represented the landlord.
Panini America Inc. has leased 21,251 square feet of industrial flex space at 1515 Avenue S in Grand Prairie from DCT-TX 2004 RN Portfolio LLP. Michael W. Spain and Jim Ferris of Bradford Commercial Real Estate Services represented the landlord. David Eseke and Blake Anderson of DTZ represented the tenant.
Beltservice Corp. has leased 18,543 square feet of distribution space at 607 Avenue R in Grand Prairie from DCT-TX 2004 RN Portfolio LLP. Michael W. Spain and Jim Ferris of Bradford Commercial Real Estate Services represented the landlord. Brad Struck and Jim Hazard of E. Smith Realty Partners represented the tenant.
Mercer Metals has leased 30,000 square feet at 1259-1301 Avenue R in Grand Prairie. Dan Lawson and Chris Bly of Proterra Properties Inc. represented the landlord.
G.P. Salon Studios has leased 4,000 square feet at DFW Corporate Park, Building 17, 2100 N. State Highway 360 in Grand Prairie. Charles Lester of Charles Lester Realty Advisors represented the landlord.
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