REBusinessOnline

JLL Secures 77,000 SF Office Lease in Fort Worth for Advertising Firm

FORT WORTH, TEXAS — JLL has secured a 77,000-square-foot office lease for local advertising firm Simpli.fi in Fort Worth. The space is situated within the historic Fort Worth Stockyards, which is currently being renovated by Stockyards Heritage Development Co., a partnership between California-based Majestic Realty Co. and Fort Worth-based The Hickman Cos. Simpli.fi is planning to bring more than 450 employees to its new offices. Ryan Matthews and Matt Montague of JLL represented the tenant …

Hunt Realty Acquires 2,544 Acres for Mixed-Use Development in Frisco

FRISCO, TEXAS — Hunt Realty Investments Inc. has acquired 2,544 acres in Frisco for the development of a mixed-use project that will include office, retail, single-family, multifamily and educational components. Hunt Realty, along with investors such as Chief Partners LP and Cross-Tie Capital Ltd., acquired the site, known as Headquarters Ranch, from the estate of Bert Fields Jr. Development is expected to begin in 2019. Hunt Realty will serve as master developer alongside Plano-based The …

Transwestern Development Co. Sells 313,420 SF Office Property in Houston

HOUSTON — Transwestern Development Co. (TDC) has sold Westway Plaza, a 313,420-square-foot office building located at 11330 Clay Road in northwest Houston. The five-story, Class A building was built in 2015 and features a full-service deli and a fitness center with locker rooms. General Electric Co. is the anchor tenant at the property, which was fully leased at the time of sale. Jeff Hollinden and Dane Petersen of HFF represented TDC in the transaction. The buyer was The Aztec Fund Inc., a …

CBRE Arranges Sale of 576-Unit Apartment Community in Houston

HOUSTON — CBRE has arranged the sale of Madison Park Apartments, a 576-unit multifamily community located in the Westchase area of Houston. Floor plans comprise one-, two- and three-bedroom units ranging in size from 758 to 1,428 square feet. Amenities include four pools, two fitness centers, two playgrounds, onsite laundry facilities, a dog park and a large central park. Clint Duncan and Matt Phillips of CBRE represented the seller in the transaction. Michael Thompson of CBRE arranged an …

Hilltop Residential Purchases 398-Unit Multifamily Asset in Houston

HOUSTON — Houston-based Hilltop Residential has purchased Villas at Bunker Hill, a 398-unit multifamily property located in the Memorial City area of Houston. The Class A community offers one- and two-bedroom units averaging 963 square feet. Amenities include two pools, outdoor grilling areas, a fitness center, game room, business center and a demonstration kitchen. Chris Curry, Todd Marix and Estee Ibanez of HFF represented the seller, SouthStar Communities, in the sale. Cortney Cole and …

JLL Negotiates Sale of 119,846 SF Office Building in Fort Worth

FORT WORTH, TEXAS — JLL has negotiated the sale of the WT Waggoner Building, a 119,846-square-foot office property in Fort Worth. Ryan Matthews of JLL represented the seller, XTO Energy Inc., in the transaction. David Walters and Marty Neilon of CBRE represented the buyer, Northland Properties Corp., the parent company of the NHL’s Dallas Stars. The sale marks the fifth disposition of XTO’s seven properties in downtown Fort

KWA Construction Delivers 353-Unit Apartment Complex in Arlington

ARLINGTON, TEXAS — Multifamily general contractor KWA Construction has delivered Phase I of Arlington Commons, a 1,300-unit apartment project in Arlington. Developed by The Nehemiah Co., Phase I delivered a 353-unit complex with one- and two-bedroom units ranging in size from 580 to 1,418 square feet. Amenities include a wellness center and gym, pool with cabanas, outdoor entertainment area with TVs and a dog park. The project, which is a redevelopment play, is valued at approximately $350 …

Hill & Wilkinson Completes 240,000 SF Office Building in Dallas

DALLAS — Richardson-based Hill & Wilkinson has completed FOURTEEN555, a 240,000-square-foot office building located north of Interstate 635 in Dallas. Developed by Cawley Partners, the Class A property is the first of two planned office buildings at 14555 Dallas Parkway. The new office building features amenities such as a full-service restaurant, fitness center and a rooftop terrace. Additional amenities are housed in a separate three-story building known as The Hub. BOKA Powell designed …

Cortland, GTIS Acquire 582-Unit Apartment Community in Irving

IRVING, TEXAS — A partnership between two investment firms, Atlanta-based Cortland Partners and New York-based GTIS Partners, has acquired a 582-unit apartment community located within Irving’s Las Colinas district. Cortland Waters Edge was built in phases between 2014 and 2016 and features one-, two- and three-bedroom units. Cortland and GTIS acquired the complex in a two-property portfolio featuring a 330-unit apartment community in Orlando. The seller was not

SHOP Cos. Arranges Sale of 22,327 SF Retail Center in Metro Dallas

CARROLLTON, TEXAS — SHOP Cos. has arranged the sale of Hebron Crossing, a 22,327-square-foot retail center located in the northern Dallas metro of Carrollton. Shadow-anchored by Kroger, the property was 100 percent leased at the time of sale to tenants such as Chipotle Mexican Grill, Verizon Wireless and Sylvan Learning. Tommy Tucker, Tim Axilrod and Cameron Burk of SHOP Cos. represented the Los Angeles-based seller in the transaction. The buyer was a private partnership also based in …

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