Sales of industrial buildings at the top of recent real estate purchases

Sales

MDH Partners purchased Everman Crossroads, a 954,610 square foot two-building industrial distribution center located at 8400 Oak Grove and 1401 Everman Parkway in Fort Worth. The properties were sold through a partnership between Bandera Ventures and Invesco Real Estate and were completed in November 2021. Marty McFarland of Bandera Ventures and Randy Touchstone, Dustin Volz, Stephen Bailey and Dom Espinosa of Jones Lang LaSalle managed the sale.

Fort Capital, investor based in Fort Worth acquired a 134,792 square foot office and industrial property at 14760 Trinity Boulevard in Fort Worth. The two-building project is located in Centreport Park, a master plan business park and 1,300 acre mixed-use development. Fort Capital purchases office and industrial buildings in Dallas-Fort Worth, Houston, San Antonio, Austin, El Paso and strategic markets outside of Texas.

Thor Actions Group sold a 129,914 square foot warehouse at 3601 N. McDonald Street in McKinney for $ 20 million. The investor acquired the building in August.

South Dakota based vertical cold storage purchased a Richardson warehouse with 227,331 square feet of refrigerated storage from Richardson’s Lone Star Cold Storage. The acquisition marks an expansion into the Dallas market by Vertical Cold Storage.

A local investor bought Grand Main Office Park, a 12,300 square foot property located at 1309-1317 West Main Street in Waxahachie. Tom Heraty of NAI Robert Lynn negotiated the sale with Floyd E. Bates of Bates & Myers Co.

A private investor purchased a 43,273 square foot two-building industrial park at 113-115 Industrial Boulevard in McKinney. Adam Abushagur of Marcus & Millichap negotiated the sale.

Faropoint, an investor from New Jersey purchased Mercantile Distribution Center 40, an 182,500 square foot industrial warehouse near North Beach Street in Fort Worth. Randy Baird, Jonathan Bryan, Ryan Thornton and Eliza Bachhuber of CBRE Group negotiated the sale.

Eagle Property Capital Investments LLC sold two Arlington apartment communities. The properties include Montecito Club, a 331 unit property at 2001 S. Cooper St., and Arlington Hills, a 172 unit multi-family property at 3200 S. Center St. Montecito Club was acquired by APF Properties. And Arlington Hills was acquired by EPC Multifamily Partners IV LLC.

Dallas Gallery Inc. purchased a 20,000 square foot commercial building at 312 E. Main St in Grand Prairie. Justin Owen negotiated the sale with Jodi Allen of Texas Realty Source.

Fort Capital purchased an office and industrial park in the CentrePort development in Fort Worth.(Fort Capital)

Leases

Factory blue, an offsite manufacturing company, has leased 23,339 square feet of warehouse space at 5200 E Grand Avenue in Dallas. Ben Crancer, Evan Hammer and Brendan Zrowka of White Box Real Estate negotiated the lease with Cannon Shoults and Mitch Cantwell.

Ademco inc. has extended its office lease to 18,222 square feet at the Sterling Commerce Building at 750 W. John Carpenter Freeway in Irving. John Wolf, Casey Hilbun and Brian Cheek of Newmark negotiated the lease with Cushman & Wakefield.

Williams Mechanics Inc. leased 9,904 square feet of office and industrial space in the Las Colinas Business Park at 6025 Commerce Drive in Irving. Jared Laake and Erik Blais of Bradford Commercial Real Estate Services negotiated the lease with Anthony Enih of RE / Max Legacy Living.

XL Parts LLC leased 7,744 square feet of office and industrial space in the Whitlock Business Center II at 1235 Whitlock Lane in Carrollton. Brian Pafford of Bradford Commercial Real Estate Services negotiated the lease with Dave Peterson of NAI Robert Lynn.

Cady Studios LLC leased 7,311 square feet of office space from Park Ventura Office Park at 5025 W. Park Blvd. in Plano. Sara Fredericks of Newmark negotiated the lease.

David Dike Fine Art LLC leased 6,300 square feet of retail space from Alpha Plaza at 4887 Alpha Road to Farmers Branch. Melanie Hughes and Elizabeth Hooper of Bradford Commercial Real Estate Services negotiated the lease with Mike Smith of Mike Smith & Co.

Health rejuvenation specialists leased 5,249 square feet of office space at 1702 Collins Blvd. to Richardson. Sara Fredericks negotiated the lease.

Game Show Fighting Rooms leased 5,040 square feet of retail space from Alpha Plaza at 4887 Alpha Road in Farmers Branch. Melanie Hughes and Elizabeth Hooper of Bradford Commercial Real Estate Services negotiated the lease with David Wilganowski of Mercer Co.

Washing multi-family laundry systems leased 4,947 square feet of office space at 1000 Ballpark Way in Arlington. Rebecca Griffin, Andrew Robben, Maury Gentile, Sean O’Leary, Mark Sokolowski and Andrew Conroy of Newmark handled the lease.

Bloomin Blinds Franchise Corp. leased 4,768 square feet of office space at the Campus at Legacy at 5360 Legacy Drive in Plano. Paula Osborn of Newmark negotiated the lease with Kennerly Properties and Jones Lang LaSalle.

Bella Bra Shop LLC leased 3,600 square feet of retail space from Alpha Plaza at 4885 Alpha Road to Farmers Branch. Melanie Hughes and Elizabeth Hooper of Bradford Commercial Real Estate Services negotiated the lease with Angela Hawkins of Capstone Commercial Real Estate Group.

Charette Cosmetics LLC, an Atlanta-based company specializing in cosmetic treatments, leased 3,039 square feet of retail space at 5445 La Sierra in Dallas. Allen Klander, Lauren Pesqueda and Brendan Zrowka of Whitebox Real Estate negotiated the lease.

Solar Meraki leased 3,000 square feet of retail space at Courtside Plaza at 5930 Interstate 20 in Arlington. Mai Nguyen of Resolut Real Estate negotiated the lease.

Siemens Energy Inc. leased 2,611 square feet of office space at 8615 Freeport Pkwy. to Irving. John Wolf of Newmark negotiated the lease with Younger Partners.

Turn Medical LLC leased 2,471 square feet of office / warehouse space at Commerce Park, 8401-8432 Sterling St., in Irving. Jason Finch and Michael W. Spain of Bradford Commercial Real Estate Services negotiated the lease with Bo Puckett of Jones Lang LaSalle.

Tarrant Elite Taekwondo leased 2,400 square feet of retail space to Davis Towne Crossing at 8532 Davis Blvd. in the hills of North Richland. David Levinson of Retail Connection negotiated the lease with Tyler Thomas of Citadel Partners.

Zuru LLC leased 2,378 square feet of office space in Towne Square Place II at 8400 Bellview Drive in Plano. Sara Fredericks of Newmark negotiated the lease with Jones Lang LaSalle.

Mikomi leased 1,658 square feet of retail space at 9351 Warren Parkway in Frisco. Retail Connection’s David Levinson and Paul Cooke III negotiated the lease with Encore Retail Development.

Kid Pro PLLC leased 1,159 square feet of office space in the White Rock Tower at 6510 Abrams Road in Dallas. Melanie Hughes and Erik Blais of Bradford Commercial Real Estate Services negotiated the lease.

PJ’s Coffee in New Orleans leased 1,800 square feet of retail space from The Arbors on Custer at 8175 Custer Road in Frisco. Chris Flesner, Brian Sladek, Colin Cannon and Spencer Bowman of Resolut Real Estate negotiated the lease.

Real estate publisher Steve Brown has compiled this list.


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