Texas

ARLINGTON, TEXAS — Coldwell Banker Commercial Advisors DFW has brokered the sale of the 31,960-square-foot Offices at Forest Hills property to California-based RAB Properties, which utilized a 1031 tax-deferred exchange to purchase the Class A, two-building project in Arlington. The single-story structures, located at 2001 and 2005 N.E. Green Oaks Blvd., were 93 percent occupied at the time of sale. Joe Hamilton and Theron Bryant of Coldwell Banker Commercial Advisors DFW represented the local seller, WCII-1 LLC. Negotiating for the buyer was Sam Owen of OGH Real Estate LLC, who has assumed leasing and management duties for the property. The Offices at Forest Hills was developed in 2007 on 3.4 acres near TX 360, I-30 and Dallas/Fort Worth International Airport. The buildings, totaling 11,967 square feet and 19,993 square feet, include private balconies for each office and shared conference space. The asset also features a 120-space parking lot with 10 covered spaces. The smaller building is fully leased to Lima USA for its headquarters. The wholly owned subsidiary of Italy-based Lima Corporate S.P.A. manufactures and distributes shoulder, knee and hip products and technology to surgeons. The larger building houses Insala Ltd., Endeavor Wall Homes, the U.S. Fish & Wildlife Commission …

HOUSTON — Wellington Fisher Ltd., a subsidiary of Houston-based Wellington Development Co., has sold 17 acres located at the corner of North Main Street and I-1 to the University of Houston. The partnership originally purchased the property from former Houston Rockets star Hakeem Olajuwon. The site has since been used for parking. The University of Houston—Downtown plans to build a science and technology building on the site. Brendan Lynch of CBRE and Rudy Hubbard of JLL represented the seller.