EULESS, TEXAS — Bardin Square Investors Ltd. has sold a fully leased, single-tenant medical office building to HBR Real Estate LLC, which is owned by two local doctors. The 11,622-square-foot Class B building sits on one acre at 310 S. Industrial Blvd. in Euless, a city located between Dallas and Fort Worth. ProLab Inc. occupies the entire building. Bardin Square Investors is a single-entity partnership of Arlington-based SkyWalker Property Partners. Amber Wimberly of KW Commercial/Noble Crest Property Group LLC. marketed the asset. Larry Dillon of Champions DFW Commercial represented the buyer.
Texas
HOUSTON — HFF has arranged the sale of Southwest Corporate Center, a 525,580-square-foot office complex in Houston’s southwest/Beltway 8 submarket. HFF marketed the property on behalf of the seller, TX 9700 Bissonnet LLC. Omninet Capital purchased the property for an undisclosed amount on an all-cash basis. Southwest Corporate Center was transformed from the former Westwood Mall and renovated in 2000. The property is 62 percent leased to tenants including Stewart Lending Services, Texas Children’s Health Plan and Corinthian College. The two-story property is located on more than 40 acres at 9700 Bissonnet St., close to the U.S. Highway 59 and Beltway 8 interchange. HFF’s team representing the seller included Rusty Tamlyn and Wesley Hightower along with Rhonda Toming.
DALLAS — Rambler Park has become the first building in Dallas to be certified as LEED Platinum for Existing Buildings: Operations and Maintenance. The park is located at 7557 Rambler Road in Dallas, with direct access to Dallas Area Rapid Transit. Rambler Park is a 14-story, 310,771-square-foot office building located one-half mile east of I-75 Central Expressway. Parmenter Realty Partners bought the property in 2013. LEED certification recognizes excellence in sustainability in building operations.
HOUSTON — Logistics provider NDLI Inc. has signed a 45,675-square-foot lease at 8844 N. Sam Houston Parkway in the Sam Houston Business Park. Owned by the Levey Group, the park is located in the northwest Houston submarket and consists of three tilt-wall facilities. The layout of Sam Houston Business Park allows tenants to combine office or showroom space with manufacturing, laboratory, warehouse and distribution areas. Other tenants in the park include Tyndale USA, WestermannBG, Doorscapes Inc. and Ringers Gloves. Joseph Smith of CBRE represented Levey Group in the transaction. Glynn Mireles of CBRE represented NDLI.
IRVING, TEXAS — PCCP LLC has provided an $18.1 million senior loan to Stanton Road Capital and Second City Real Estate for the acquisition and leasing of 3660 Regent, a 158,728-suare-foot Class B office building in the Freeport submarket of Dallas. The private seller had owned the building since 2000. The two-story property is located at 3660 Regent Blvd. in Irving and was developed as a build-to-suit for Ford Motor Credit Co., which remains a major tenant. The property is less than a mile from the LBJ/635 Freeway, which offers access to Highway 114 and Highway 121.
DALLAS — Marcus & Millichap has arranged the sale of Milano and Lemon Tree, a 32-unit apartment property in Dallas. Milano and Lemon Tree is located at 4710 Munger Ave., approximately one mile from U.S. Highway 75, Greenville Avenue and the Knox/Henderson area. Stephen Crittenden, William Jarnagin and Michael Ware of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a private investor in the Dallas market. Crittenden represented the buyer, also a private investor.
IRVING, TEXAS — Synthetic Grass Warehouse Inc. has moved into a 15,000-square -foot distribution space in PS Business Park Inc.’s North Free Trade Zone. The Anaheim, Calif.-based company bought the space located at 1317 N. Royal Lane in Irving, just north of Dallas. Joe Santaularia of Bradford Commercial Real Estate Services represented the tenant, a supplier of artificial grass for the residential market. Brock Wilson, also with Bradford, represented the landlord, PS Business Parks Inc. The 62,223-square-foot building is one of three in PS Business Parks’ 230,000-square-foot North Free Trade Zone situated at the north entrance of the Dallas/Fort Worth International Airport. A free trade zone is an area where goods can be traded without the intervention of customs authorities.
ROSENBERG, TEXAS — Marcus & Millichap has arranged the sale of Victoria Garden, a 232-unit apartment property in Rosenberg. Located at 911 Lane Drive, approximately 36 miles southwest of Houston, Victoria Garden had a list price of $6.6 million. Juan Cuevas with Marcus & Millichap’s Houston office marketed the property on behalf of the seller, a partnership. Cuevas also secured and represented the buyer, a limited liability company.
AUSTIN — Capital One Multifamily Finance has provided two Freddie Mac, fixed-rate loans totaling $42.8 million for the acquisition of two Class A apartments in Austin. The apartments include the 5th Street Commons, a 150-unit property built in 2009, and the Pressler, a 168-unit property built the same year. Intercontinental Real Estate was the purchaser. The loans have a seven-year term with seven years of interest-only payments and 6.5 years of defeasance.
FORT WORTH — Marcus & Millichap has arranged the sale of Arbor View, a 15-unit apartment property in Fort Worth. Robert Denninger and Kevin Parrish with Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, an out-of-state private investor. Parrish also represented the buyer, an individual/personal trust. Arbor View is located at 4738 El Campo Ave. in the Arlington Heights submarket of Fort Worth. Built in 1949, the community includes 14 two-bedroom, one-bathroom units with 775 square feet. There is also one two-bedroom/two-bathroom unit with 1,550 square feet.