CARROLLTON, TEXAS — Lee & Associates has arranged a 44,900-square-foot industrial lease at 1135 Trinity Mills Road in Carrollton. Nathan Denton and Adam Graham of Lee & Associates represented the landlord, Cobalt Capital Partners. Bill de la Chapel of Transwestern Commercial Services represented the tenant, Armstrong Relocation.
SAN ANTONIO — Stream Realty Partners has brokered the extension and expansion of a 32,400-square-foot industrial lease at Lanark Distribution Center, located at 610 Lanark Drive in San Antonio. Jason Schnittger of Stream Realty Partners represented the landlord, Mayfield Properties, in a direct deal with tenant Ram Tool & Supply.
LEWISVILLE, TEXAS — Beech Street Capital LLC has closed a Fannie Mae conventional loan for the acquisition of The Place at Park Timbers, a 230-unit multifamily property in Lewisville, a suburb of Dallas. Chuck Christensen of Beech Street originated the transaction. The borrower is a partnership organized by Allmark Properties. The Place at Park Timbers offers 11 floor plans, a clubhouse, two pools, a spa and fitness center. Units feature all-electric kitchens, central air, private balconies and patios and walk-in closets.
LONGVIEW, TEXAS — Morris-Floyd Capital Partners has purchased Longview Plaza, a 157,000-square-foot power center located on West Loop 281 in Longview. The center, previously owned by Longview Plaza Ltd, is anchored by Bed Bath & Beyond, T.J. Maxx, Michael’s, Office Depot, Best Buy and Books-A-Million. BBVA Compass provided acquisition financing, and Bruce Marshall and Bill Graham of Sperry Van Ness brokered the sale. Longview Plaza is currently at 100 percent occupancy.
FORT WORTH, TEXAS — Skywalker Property Partners and the Caffey Group have acquired Atrium Center, a 50,686-square-foot office building located at 8851 Camp Bowie West Blvd. in Fort Worth. Approximately 20 percent of the space will be occupied as a headquarters for the Caffey Group, which will relocate to the new space in September. The terms include the option for Caffey Group to purchase the property in the future. Jack Clark of Red Oak Realty represented the seller, Hwy 80 Capital LP. The center, which will be renamed Atrium West, is currently at 78 percent occupancy. Its largest tenant is the City of Fort Worth’s engineering department, occupying the 16,141-square-foot third floor. Three of the nine tenants are medical providers.
DALLAS — Zixcorp has renewed its 42,916-square-foot office lease through 2024 at Cityplace, located at 2711 N. Haskell Ave. in Dallas. David Wetherington and Travis Ewert of Colliers International represented Zixcorp, and Jeff Schweitzer and Tommy Nelson of Stream Realty represented the landlord, Dallas Cpt. Fee Owner LP, in the transaction.
PLANO, TEXAS — ARA has arranged the sale of Heritage at Lakeside, a 181-unit multifamily property in Plano, to Los Angeles-based JRK Property Holdings for an undisclosed price. Brian O'Boyle Jr., Brian O'Boyle Sr. and Brian Murphy of ARA represented the seller in the transaction. The average unit is sized at 1,582 square feet.
ROBINSON, TEXAS — The Waco Industrial Foundation (WIF) has purchased approximately 634 acres of land in Robinson from Dove Hill Partners LP. The tract is located at the southeastern corner of Interstate 35 and South Loop 340/State Highway 6. The land has 2,300 feet of footage along the interstate. H. Bland Cromwell of Coldwell Banker Commercial | Jim Stewart, Realtors. Jason Cooper of Dallas-based Cooper Real Estate Advisors LLC assisted in the transaction. WIF manages a $37.5 million real estate portfolio of industrial facilities. WIF will use the new land to provide industrial sites for prospective clients.
MARBLE FALLS, TEXAS — KW Commercial has arranged the sale of a 10,129-square-foot, freestanding office building at 507 Ranch Road in Marble Falls. The office building is leased to NorthStar Bank, Westlake Dermatology and Treehouse Dental. Approximately 1,615 square feet of space is currently available. Nick Nelson and Jim Young of KW Commercial represented the buyer, an investor based in Austin, in the sale. Jane Marie Hurst of KW Commercial represented the seller, a local partnership.
HUMBLE, TEXAS — Marcus & Millichap has arranged the sale of Eagle Lake Storage, an 87,609-square-foot self storage facility located at 16900 W. Lake Houston Parkway in Humble. The facility had a list price of $3 million. Justin Miller and David Knobler of Marcus & Millichap's Houston office represented the seller, a Texas-based developer, in the transaction.