Office

FORT WORTH, TEXAS — Colliers has brokered the sale of Western Place I and II, a pair of office towers totaling 427,000 square feet in southwest Fort Worth. The Class B assets, which are located at 6000 and 6100 Western Place along I-30, are leased to institutional tenants such as Lockheed Martin and BAE Systems. Western Place I stands 11 stories, while Western Place II stands 10 stories. Creighton Stark, Mark McEwen and Ben Lurie of Colliers represented both the seller, Sovereign Capital, and the buyer, TLC Urban, in the transaction. The acquisition required the assumption of an existing CMBS loan.

AUSTIN, TEXAS — HFF has brokered the sale of the Aspen Lake, Tower of the Hills and Tower Point office buildings, which total 380,000 square feet in northwest Austin. Fortis Group of New York acquired the properties in the transaction. Andrew Levy and Todd Savage of HFF represented the sellers, Crimson Real Estate Fund (CREF) and its co-investment partners Admiral Capital Group and USAA Real Estate Co. CREF originally purchased the assets in 2011.

DALLAS — Developer Cawley Partners and architect BOKA Powell have broken ground on Knoll Trail Plaza, a 120,000-square-foot office building in Dallas. The four-story Class A structure is located at 16400 N. Dallas Parkway and will feature amenities, such as a fitness center, rooftop deck, café and bike racks. The property, designed for LEED Silver certification, is 40 percent pre-leased and will serve as the headquarters of Sundown Energy. Completion is slated for November.

SAN ANTONIO — Blakeley Commercial Real Estate (BCRE) has arranged a 12,446-square-foot medical office lease for the Center for Health Care Services in San Antonio. The tenant will occupy space at Legacy Oaks, a seven-building development located on Fredericksburg Road within the South Texas Medical Complex. Lynn Blakeley of BCRE represented the Center for Health Care Services in the negotiations. Lindsey Tucker and Carl Salvato of CBRE represented the undisclosed landlord.

IRVING, TEXAS — Coldwell Banker Commercial (CBC) Alliance DFW has arranged a 10,525-square-foot office lease for Pegasus Info Tech Inc. in Irving. The larger single-story building, which was acquired and renovated over the past two years by Life Is A Skyway LLC, is located at 3001 N. Skyway Circle and includes 20,090 square feet. The tenant, a software company, will use the space as its new headquarters, relocating from 122 W. John Carpenter Freeway. Bret Messer of CBC Alliance DFW, who oversaw the recent upgrades, will continue to manage the property. Sharon Friedberg and Melanie Hughes of Bradford Commercial Real Estate represented Pegasus in the negotiations.