DALLAS — Lee & Associates has negotiated the sale of a 26,000-square-foot industrial building located at 11281 Indian Trail in Dallas. Adam Graham and Ken Wesson of Lee & Associates Dallas/Fort Worth office represented the seller, EastGroup Properties, in the transaction. Jim Svidron with NAI Robert Lynn represented the buyer, Abdul Khan.
DALLAS — Jordan & Skala Engineers Inc. has renewed and expanded its office lease to a total of 16,107 square feet in Briargrove Place. The property is located at 17855 N. Dallas Parkway in Dallas. Emily Hoffman with Cushman & Wakefield represented Jordan & Skala Engineers in the transaction.
GARLAND, TEXAS — The Silver Group has brokered the sale of a single-tenant O’Reilly Auto Parts retail store located at 5550 Lavon Drive in Garland. The property consists of a newly constructed 6,800-square-foot retail building on a one-acre parcel of land along State Highway 78 just north of the Firewheel Town Center. O’Reilly is situated between a CVS/Pharmacy and Firestone Tire, near the intersection of Bunker Hill Road. The lease includes a 15-year term with periodic rental increases. Greg Cunha of The Silver Group was the only broker involved in the transaction. The buyer and seller were unnamed.
ARLINGTON, TEXAS — The Vitorino Group has negotiated the sale of a Dunkin’ Donuts ground lease in Arlington. The prior building on the property, a City of Arlington fire station, was razed and a portion was ground leased to Star Dunkin’ LP, an entity controlled by Jerry Jones and Troy Aikman. Located on Cooper Street, the property was built in 2014 and was secured by a 15-year net lease, which included a guaranty from the parent company. The offering was sold to an out-of state buyer from the West Coast. The Vitorino Group cooperated with an outside agent from Colorado. The buyer utilized a 1031 tax-deferred exchange.
THE WOODLANDS, TEXAS — The Westin at The Woodlands hotel is now open. Developed, managed and owned by The Howard Hughes Corp., the Waterway Square district anchor is the first Westin in The Woodlands master planned community and the 50th Starwood hotel in Texas. The hotel features 302 guestrooms, with interiors designed by Dallas-based waldrop+nichols studio. Boston-based Elkus Manfredi Architects and the Houston office of Gensler designed the 13-story hotel’s exterior.
FORT WORTH, TEXAS — Amazon has leased 318,488 square feet of industrial space at 4601 Gold Spike Drive in Fort Worth. The space is located within the Railhead Industrial Park. CBRE’s Ryan Keiser represented Amazon in the transaction, while Holt Lunsford Commercial’s Donnie Rohde and Matt Carthey represented the owner, Prologis.
DALLAS — Uplift Education has purchased a seven-acre tract of land located at the northwest corner of I-30 and Ferguson Road in east Dallas. Horizons Hospitality was the seller. Eddie Liebman with The Weitzman Group handled negotiations for the seller in cooperation with Craig Phelps of JLL, who represented the buyer. Uplift Education, which operates a network of public charter schools serving 14,000 students in under-served areas across north Texas, will develop an elementary school at the site.
RICHARDSON, TEXAS — MBP Capital Inc. has purchased Frances Way Villas in Richardson. The Class B multifamily property includes 200 units with an average size of 968 square feet. The majority of units include two or three bedrooms. The property will be rebranded as “The Beverly” and will undergo a $2.5 to $2.7 million renovation, averaging about $12,000 per unit. Renovations will include new signage, a fully remodeled office, security gates, fitness center, sand volleyball pit, splash pad, dog park, patio and balcony cedar fencing. The interiors will also be renovated with the addition of washer and dryer connections, new paint, black appliances, wood-style flooring, new cabinetry and brushed nickel fixtures. The MBP team includes Mike Phillips, Ryan Heddleston, Cathy Finn and Mark Christ. A new DART rail line is located less than two miles away from Frances Way Villas. The property is also near the new CityLine mixed-use development, which when complete will house 12,800 employees.
DALLAS — Law firm Palmer & Manuel LLP has leased 9,006 square feet of office space in Campbell Centre North Tower, located at 8350 N. Central Expressway in Dallas. Cribb Altman, Robbie Baty and Bill McClung with Cushman & Wakefield represented Palmer & Manuel in the transaction.
RICHARDSON, TEXAS — KBS Strategic Opportunity REIT, a non-traded real estate investment trust based in Newport Beach, Calif., has signed an 8,373-square-foot lease with NeuroCare Outpatient Rehabilitation at the Greenway I office building in Richardson. Amenities at Greenway I include a renovated lobby, corridors and restrooms, on-campus security and fiber optics. The property is located two miles from The University of Texas at Dallas. NeuroCare Outpatient Rehabilitation is a division of NeuroCare Rehab Hospitals LLC. Laura Maczka and Mark Jordan of Sooner Management represented KBS Strategic Opportunity REIT in the transaction. Michael Collins of MedCore Partners represented NeuroCare Outpatient Rehabilitation.