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Dallas-Arts-Tower
DevelopmentOfficeTexas

Fortis Property Group Begins Renovation of 55-Story Office Building in Downtown Dallas

by Taylor Williams

DALLAS — New York-based Fortis Property Group has begun the multimillion-dollar renovation of a 55-story office building in downtown Dallas. Dallas Arts Tower, formerly known as Chase Tower, is located at 2200 Ross Ave. and spans 1.2 million square feet. Renovations will include a transformation of the main lobby and second-floor mezzanine lounge area with new flooring, lighting and furniture, as well as upgraded elevators. A new, all-day café with outdoor seating will be added in the northwest corner of the lobby, and the project team will also introduce a new LED lighting system and valet parking services. Fortis has tapped Stream Realty Partners to lease the property.

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AcquisitionsHospitalityTexas

Hunter Hotel Advisors Arranges Sale of 139-Room Hampton Inn & Suites in El Paso

by Taylor Williams

EL PASO, TEXAS — Atlanta-based brokerage firm Hunter Hotel Advisors has arranged the sale of the 139-roomHampton Inn & Suites El Paso-Airport. The four-story building is located about 1.5 miles from El Paso International Airport and offers amenities such as a fitness center, business center and an outdoor pool. The buyer was Dallas-based Nexgen Management, and the seller was an undisclosed institutional investment firm. Kami Burnette and Mason McDavid of Hunter Hotel Advisors brokered the deal.

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AcquisitionsIndustrialLee & AssociatesTexas

Lee & Associates Brokers Sale of 88,821 SF Industrial Building in Arlington

by Taylor Williams

ARLINGTON, TEXAS — Lee & Associates has brokered the sale of an 88,821-square-foot industrial building in Arlington. According to LoopNet Inc., the building at 840 N. Great Southwest Parkway was completed in 1962 and features 21.5-foot clear heights and eight dock-high loading doors. Corbin Blount of Lee & Associates represented the buyer, Philadelphia Hardware Group, in the transaction. Harrison Putt and Corby Hodgekiss of Mercer Co. represented the seller, locally based investment firm CanTex Capital.

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IndustrialLeasing ActivityTexas

Bronto Skylift Signs 31,500 SF Industrial Lease in Rhome, Texas

by Taylor Williams

RHOME, TEXAS — Bronto Skylift, a Finnish company that provides truck-mounted hydraulic platforms, has signed a 31,500-square-foot industrial lease in Rhome, located northwest of Fort Worth. According to LoopNet Inc., the building at 167 Lion Court sits on an 8.8-acre site and was completed earlier this year. Mark Boone of LanCarte Commercial represented the undisclosed landlord in the lease negotiations. Devin Kopas of ETHOS Commercial Advisors represented the tenant, which is relocating from Orlando.

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IndustrialLeasing ActivityTexas

Stream Realty Partners Negotiates 23,130 SF Industrial Lease Expansion in Southwest Houston

by Taylor Williams

HOUSTON — Stream Realty Partners has negotiated a 23,130-square-foot industrial lease expansion at 525 Julie Rivers Drive in southwest Houston. According to LoopNet Inc., the 45,516-square-foot building was completed in 1983. Will Mason and Tyler Maner of Stream Realty Partners represented the tenant, Marquis Distributors, in the lease negotiations. Boone Smith, Garret Geaccone and Natalie Gilbert, also with Stream, represented the landlord, Oxford Properties.

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Camden-Cimarron-Irving
AcquisitionsMultifamilyTexas

BCRE Acquires 286-Unit Camden Cimarron Apartments in Irving

by Taylor Williams

IRVING, TEXAS — Boston Capital Real Estate Partners (BCRE) has acquired Camden Cimarron, a 286-unit apartment complex in Irving. Built in 1992, the garden-style property features two- and three-story buildings on an 11-acre site. Units have an average size of 772 square feet and are equipped with individual washers and dryers and private balconies/patios. Amenities include a pool and a fitness center. Joey Tumminello, Michael Ware, Drew Kile, Taylor Hill and Shelby Clark of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, Houston-based REIT Camden Property Trust,  in the transaction. The team also procured BCRE as the buyer.

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AcquisitionsRetailTexas

HSM Negotiates Sale of 127,000 SF Shopping Center in Carrollton, Texas

by Taylor Williams

CARROLLTON, TEXAS — Henry S. Miller Brokerage (HSM) has negotiated the sale of Mills Pointe Shopping Center, a 127,000-square-foot retail property located in the northern Dallas metro of Carrollton. Fitness Connection anchors the center, which according to LoopNet Inc. was built on 16.7 acres in 1985 and is also home to tenants such Mena’s Mexican Restaurant, Quinlan’s Sports Bar and Lin’s Asian Buffet. Darrell Hurmis of HSM represented the seller, HSM Mills Pointe Partners, in the transaction. The buyer and sales price were not disclosed.

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AcquisitionsOfficeTexas

Buchanan Capital Partners Buys 116,434 SF Office Park in West Austin

by Taylor Williams

AUSTIN, TEXAS — Locally based investment firm Buchanan Capital Partners has purchased a 116,434-square-foot office park in West Austin. Formerly known as The Escalade Office Park and now known as Westbank Pointe, the property is located at the corner of Loop 360 and Westbank Drive, adjacent to Westlake High School. Buchanan plans to invest about $1 million in capital improvements to Westbank Pointe and has tapped Transwestern to lease the property. The seller was not disclosed.

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AcquisitionsIndustrialTexas

Colliers Brokers Sale of 53,375 SF Industrial Building in Southeast Houston

by Taylor Williams

HOUSTON — Colliers has brokered the sale of a 53,375-square-foot industrial building in southeast Houston. Constructed on 3.7 acres in 2001 and renovated in 2021, the property comprises a 38,375-square-foot office/warehouse and a 15,000-square-foot warehouse, as well as 65 surface parking spots. Tom Condon Jr., Greg Cizik and Edward Edson of Colliers represented the seller in the transaction. Zane Carman of Partners Real Estate represented the buyer. Both parties requested anonymity.

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IndustrialLeasing ActivityTexas

Vasa Tech North America Signs 34,997 SF Industrial Lease in Northwest Houston

by Taylor Williams

HOUSTON — Vasa Tech North America has signed a 34,997-square-foot industrial lease in northwest Houston. The provider of waterproofing, restoration and other related building services is taking space at the property at 8700 Clay Road, which according to LoopNet Inc. consists of four buildings totaling 286,985 square feet. Jack Rathe and Brandon Preece of Stream Realty Partners represented the landlord, Los Angeles-based Entrada Partners, in the lease negotiations. Jackie Chang of Forever Realty represented the tenant.

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