MANSFIELD, TEXAS — SHOP Cos. Investment Sales has arranged the sale of Matlock Center, a 40,027-square-foot shopping center shadow-anchored by a Walmart Neighborhood Market in Mansfield. The property is 40 miles southwest of downtown Dallas at the intersection of Matlock Road and Debbie Lane. At the time of closing, Matlock Center was 90 percent leased to tenants including Subway, Pizza Hut, Great Clips, Liberty Tax Service, Advance America and No Frills Grill. Tommy Tucker of SHOP Cos. Investment Sales represented the seller, a Dallas-based limited liability company. The buyer was an Arlington-based limited liability company.
Texas
FORT WORTH — Marcus & Millichap has arranged the sale of Ridgmar Square, a 24-building, 332-unit apartment complex in Fort Worth. Al Silva of Marcus & Millichap’s National Multi Housing Group in Fort Worth marketed the property on behalf of the seller, a private investor from Washington State. Silva also secured the buyer, a Texas-based investment group. Ridgmar Square is located at 2508 Ridgmar Blvd. in Fort Worth. The complex is located 10 miles west of downtown Fort Worth along I-30. Amenities include two pools, a clubhouse, gym and access gates.
HOUSTON — Big Brothers Big Sisters Lone Star has purchased a site near downtown Houston for its new headquarters. The site, totaling 23,505 square feet, is located at 1003 Washington Ave. An existing building on the site will be demolished to make way for the headquarters. Randy Hopper of The Weitzman Group negotiated the sale on behalf of Big Brothers Big Sisters Lone Star. Big Brothers Big Sisters is leaving their current headquarters in the Sharpstown area of Southwest Houston, which has already been sold.
DALLAS — Henry S. Miller Brokerage’s multifamily investment team has arranged the sale of High Point Centre, a 257,099-square-foot office building in Dallas. High Point Ricchi LLC purchased the building, which is located at 12225 Greenville Ave. Lew Wood, Andrew Doster and Darden Orand of Henry S. Miller represented the buyer. Eric Mackey and Gary Carr of CBRE represented the seller, Riversource REO 1 LLC.
SAN ANTONIO — Marcus & Millichap has arranged the sale of Holiday Inn Express & Suites San Antonio South, a 66-room hospitality property. The property is located at 11400 Southeast Loop 410 in San Antonio. The three-story hotel was built in 2008 near downtown San Antonio and the San Antonio International Airport. Allan Miller, Robert Arzola and Chris Gomes of Marcus & Millichap’s San Antonio and Dallas offices marketed the property on behalf of the seller, a limited liability company. Miller also represented the buyer, another limited liability company.
SAN ANTONIO & SPRING, TEXAS — The Woodmont Co. has arranged two, five-year leases with Altitude Trampoline Park for new locations in San Antonio and Spring. Joseph Williams of The Woodmont Co. represented the tenant, Altitude Trampoline Park, in both transactions. The company will occupy 27,428 square feet at Heubner Oaks Shopping Center in San Antonio and 41,000 square feet at Spring Cypress Shopping Center in Spring. Both locations are under construction and plan to open late this year.
IRVING, TEXAS — Houston-based NDLI Inc. has leased a 46,251-square-foot space within the Tristar Distribution Center in the Dallas/Fort Worth Airport/Freeport submarket. The firm is expanding and relocating its logistics hub in metro Dallas. NDLI will gain about 20,000 square feet of additional space when it relocates from Carrollton to 8101 Tristar Drive in Irving. With the lease, the 137,237-square-foot Tristar Distribution Center reaches 100 percent occupancy. Joe Santaularia and Brock Wilson of Bradford Commercial Real Estate Services represented the tenant. Canon Shoults of Holt Lunsford Commercial represented the landlord.
DALLAS — Lewisville, Texas-based HOYA Vision Care has signed a 101,817-square-foot lease at Trade Center IV, located at 755 Regent Blvd. in Dallas. The firm will move into the space in October to commence distribution of its optical lens products. Steve Trese of CBRE represented the landlord, LIT-RPC Trade Center IV LLC, a joint venture of Trammell Crow Co., Clarion Partners and Rosewood Property Co. Mark Miller and Tyson Ersin of NAI Robert Lynn Co. represented the tenant.
SAN ANTONIO — ARA has arranged the sale of Park West & Parliament Bend, two apartment complexes totaling 559 units in San Antonio. Pat Jones and Matt Michelson of ARA represented the seller, Regional Investment & Management, in the transaction. Regional Investment & Management is a California-based owner and operator of multifamily communities throughout Texas. The buyer is a private owner/operator. Park West consists of 327 units and was built in 1979. Parliament Bend consists of 232 units and was built in 1981. Both Class B complexes are located in the Castle Hills submarket in north-central San Antonio. The complexes were 95 percent occupied at the time of sale.
PORT ARTHUR, TEXAS — Marcus & Millichap has arranged the sale of La Quinta Inn & Suites Port Arthur, a 63-room hospitality property located at 7540 Memorial Blvd. in Port Arthur. Rahul Bijlani, Michael Yu and Eric Guerrero of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, a Texas-based developer. The name of the buyer was undisclosed.