To have your transactions and projects included, please send details to Real Estate Editor Bianca R. Montes at [email protected].
INDUSTRIAL
Sealy & Company has purchased a Dallas infill industrial portfolio, comprised of 15 institutional quality assets totaling 1.6 million square feet. The properties are located throughout DFW, with concentrations in the Great Southwest/Arlington, South Dallas, Northeast Dallas, and Northwest Dallas submarkets. Jonathan Bryan, Randy Baird, Ryan Thornton, and Eliza Bachhuber with CBRE National Partners Institutional Properties Group represented the seller in the transaction.
Riverview Business Center, a 46,250 square foot property located at 1671 Riverview Drive in The Colony, was sold. Adam Abushagur, industrial specialist and first vice president investments in Marcus & Millichap’s Dallas office, represented the seller. The buyer, a private investor, was also procured by Abushagur.
Empire Commerce Center, a 44,537 square foot property at 1150 Empire Central Place in Dallas, was sold. Adam Abushagur, first vice president investments, and Ron Hebert, senior vice president investment services, represented the seller.
Abney Industrial Warehouses, a 39,621 square foot property located at 316 West Simonds Road in Seagoville, has sold. Adam Abushagur, first vice president investments and Sam Martin, associate, represented the seller.
Walnut Hill Business Park II, a 28,339-square foot industrial property located in Irving, was sold to a private investor. Adam Abushagur, industrial specialist and first vice president investments in Marcus & Millichap’s Dallas office, represented the seller. The buyer, a private investor, was also procured by Abushagur.
2415 Fruitland Avenue, a 4,270-square foot industrial property located in Farmers Branch, was sold to a private investor. Adam Abushagur, first vice president investments and Sam Martin, associate, represented the seller.
MULTIFAMILY
Town North Cedars & Studios, a 38-unit apartment property located at 507 Cora and 601 Fuller streets in Arlington, sold. Matt Aslan, Nick Fluellen, Bard Hoover, and Wesley Racht, investment specialists in Marcus & Millichap’s Dallas office, brokered this off-market transaction on behalf of the seller, a limited liability company. The buyer, a limited liability company, was also secured and represented by Aslan, Fluellen, Hoover, and Racht. Both the seller and the buyer were local to DFW.
OFFICE
Masaveu Real Estate US purchased the 18-story 450,000 square foot KPMG Plaza on Ross Avenue. Cushman & Wakefield marketed the sale.
Ricchi Group acquired the former 200,000 square foot Mary Kay headquarters at 8777 North Stemmons Freeway.
Cawley Partners has acquired the Rent-A-Center corporate office just off the Dallas North Tollway in Plano. The three-story building is comprised of 169,179 rentable square feet of highly efficient floor plates.
Commerce Street Holdings re-signed and restructured a long-term lease for its 23,000 square foot office space on the 27th floor of the 60-story Fountain Place building at 1445 Ross Ave. NKF’s Vice Chairman and President of Tenant Representation Texas Jim Cooksey, along with Paxton Cooksey, Garrison Efird, and Louis Pascuzzi, represented the tenant in the early renewal lease transaction.
The Offices at Grapevine 360, a 21,236 square foot property located at 4550 State Highway 360 was sold. Ron Hebert, an investment specialist in Marcus & Millichap’s Dallas office, represented the seller, an individual/personal trust. The buyer, an individual/personal trust, was also secured and represented by Ron Hebert.
Lennox International retained Bradford Commercial Real Estate Services to backfill a plug n’ play Class A vacancy on its 15-acre campus in the Telecom Corridor in far North Dallas.
Data Ductus leased 3,061 square feet in the Office Campus at Allen, Building 1, 1301 Central Expressway S. from 1301 SCE LLC. Jared Laake, market director of Bradford Commercial Real Estate Services, and Susan Singer, executive vice president, represented the landlord in the direct deal.
Cross Resource Group leased 2,597 square feet in the Office Campus at Allen, Building 2, 1101 Central Expressway S., Allen, from 1101 SCE LLC. Jared Laake, market director of Bradford Commercial Real Estate Services, and Susan Singer, executive vice president, represented the landlord. David Kraft of Re/MAX represented the tenant.
RELX Inc. renewed 2,130 square feet in the Office Campus at Allen, Building 2, 1101 Central Expressway S., Allen, from 1101 SCE LLC. Jared Laake, market director of Bradford Commercial Real Estate Services, and Susan Singer, executive vice president, represented the landlord. Dina Deutsch of Newmark Knight Frank represented the tenant.
RECREATION
Daylight Golf leased a 14,713 square foot building in Grapevine. The sports bar and restaurant will offer virtual golf on 25 courses, as well as other golf services, corporate events, and private parties. Andy Anderson, with Henry S. Miller, represented Daylight Golf in the lease, and Derek Anthony with The Woodmont Company represented the landlord.
RETAIL
Dallas-based real estate company Tabani Group purchased the 180,522-square-foot Marketplace at Towne Centre in Mesquite.
