FORT WORTH, TEXAS — Marcus & Millichap has brokered the $4.8 million sale of a 98-bed skiled nursing facility in Fort Worth. Operated as DFW Nursing & Rehab, the property is located at 900 W. Leuda St. Rod Llanos of Marcus & Millichap marketed the asset on behalf of the seller, a partnership, and also secured the buyer, a limited liability company.
Texas
GARLAND, TEXAS — Henry S. Miller Brokerage has arranged the sale of a 17,000-square-foot industrial building in the northeast Dallas suburb of Garland. Located at 1410 N. First St., the facility is in close proximity to the Bush Turnpike and Lavon Drive. Dan Spika of Henry S. Miller represented the seller, Altronic LLC, a manufacturer of ignition and control systems for industrial engines. Chris Stout of Jones Lang LaSalle represented the buyer, A-1 Powder Coat. The painting, powdering and sandblasting company will occupy the property by the end of the year and operate it as its Dallas headquarters.
DALLAS — Arbor Commercial Funding LLC, a subsidiary of Arbor Commercial Mortgage LLC, has arranged nearly $48 million in loans for eight Texas multifamily assets. Among the properties refinanced were Wimberly Park Apartments in Duncanville ($15 million), Camelot Village in Mesquite ($14.9 million), Sayle Gardens in Greenville ($3.2 million), Mill Run Apartments in Dallas ($3 million), Summit Plaza Apartments in Arlington ($2 million), Lakeview Townhomes in Rowlett ($2 million) and The Plaza Apartments in Austin ($1.1 million). Meanwhile, the acquisition of Ventana at Valwood in Farmers Branch received $6.5 million. Anthony Tarter of Arbor’s Dallas office originated all of the loans under Fannie Mae DUS product lines.
FORT WORTH, TEXAS — SkyWalker Property Partners has acquired a 138,000-square-foot, two-building office/warehouse complex in Fort Worth on behalf of Hangover Opportunity Fund LLC. May Group International, a manufacturer of aluminum gasoline price signs, holds a triple-net lease on the facilities, which are located at 1200 Forum Way S. in Carter Industrial Park. RR May Landholdings LLC sold the asset. Theron Bryant of SCM Real Estate Services brokered the transaction.
GRAND PRAIRIE, TEXAS — Bradford Commercial has brokered the sale of a 92,500-square-foot warehouse in the northeast Dallas suburb of Grand Prairie. The fully occupied facility, located in the Great Southwest industrial district at 1170 109th St., was renovated in 2009. Michael Spain and Jim Ferris of Bradford previously arranged a long-term lease of the building to Northwest Sign Industries. The pair also represented the seller, a California-based limited liability company, in the sale of the property. Lissa Cooke of Cooke Swaney & Cooke represented the buyer, an out-of-state partnership.
WESTOVER HILLS, TEXAS — CBRE has brokered the sale of Warm Springs Rehabilitation Hospital of Westover Hills, a 40-bed rehabilitation hospital in suburban San Antonio. Post Acute Medical operates and holds a 17-year absolute net lease on the 50,000-square-foot facility, located at 10323 State Highway 151. Dallas-based developer Mohr Health LLC and its partner, Dallas-based MedProperties Holdings LLC, sold the property. Jecoah Byrnes, Chris Bodnar, Lee Asher and Scott Herbold of CBRE with Wynn Searle of Mohr represented the seller in the transaction. A private REIT purchased the asset.
OKLAHOMA CITY — A joint venture between Austin, Texas-based private equity firm Virtus Real Estate Capital and McKinney, Texas-based development/management firm Advantage Self Storage has acquired a 59,400-square-foot self storage facility in Oklahoma City. The property, known as Nichols Hills Self-Storage, is located at 2900 N.W. Grand Blvd. Built in 2005, it is comprised of 404 units and offers both climate-controlled and non-climate-controlled options. Advantage, which owns and manages a portfolio of 10,000 self storage units nationwide, will run the on-site operations of the acquired facility.
RICHARDSON, TEXAS — Alliance Architects has completed shell and interior design services for DataBank’s new 50,000-square-foot facility in the northeast Dallas suburb of Richardson. Located within Digital Realty’s Dallas Data Center Park Campus, the new building will resemble DataBank’s downtown Dallas location. The new property includes 41,000 square feet of data hall dedicated to customer hardware, high-density power delivery architecture, executive offices and a conference room. Tom Maxwell, Ashley Gibson, Gloria Boyd, Barb Caires and William Arch worked on the Alliance Architects team. K2 Construction provided general construction and construction management services.
ROWLETT, TEXAS — Marcus & Millichap has brokered the sale of Rowlett Plaza, a 19,295-square-foot retail center in the northeast Dallas suburb of Rowlett. At the time of the sale, the property was 77 percent occupied by a variety of tenants including Papa Murphy’s, Rowlett Dance Academy and River Nails and Spa. All leases are triple-net. Located at 5000 Rowlett Road, the building was originally constructed in 1985 and last renovated in 2000. Chris Gainey and Philip Levy of Marcus & Millichap marketed the asset on behalf of the seller, a limited liability company.
HOUSTON — Baker Katz has arranged a 2,633-square-foot lease for the first Houston location of fast casual pasta restaurant Noodles & Co. The new eatery will join sporting goods retailer Tyler’s and Bonefish Grill in what was formerly the Sears Automotive Building at 1555 Lake Woodlands Drive. Jason Baker of Baker Katz represented the tenant in the negotiations, while Kirk Dodson of General Growth Properties represented the landlord. Noodles & Co. now has eight locations in Texas and plans to continue expansion in the Houston market through the end of 2015.