OKLAHOMA CITY — ARA has arranged the $77 million sale of The Lincoln at Central Park Apartments, a 708-unit community located at 500 Central Park Dr. in Oklahoma City. The property was built in two phases in 2007 and 2010 by the seller, Oklahoma City-based Gardner Tanenbaum Group, and sits on approximately 50 acres. Brian O'Boyle, Bart Wickard and Brandon Lamb of ARA represented the seller in the transaction.
DALLAS — A 92,000-square-foot medical office building, located at 10740 N. Central Expy. in Dallas, has been purchased for $25.5 million. Toby Scrivner, Jeff Matulis and Karen Vinsko of Stan Johnson Co. represented the seller, Texas Institute for Eyes, in the transaction and procured the buyer, California-based IRA Realty Capital.
EL PASO — Walmart will open a new 150,000-square-foot store, located at 5631 Dyer St. in El Paso, on Friday. The Walmart will be open 24 hours daily. The new store will feature a Subway restaurant, First Convenience Bank branch, a pharmacy, a digital processing center and full grocery options. The store will add approximately 300 jobs.
MISSION — Austin-based Linsalata Realty Services has brokered the sale of the 81,730-square-foot Stor Master Self Storage, a 600-unit self-storage facility located at 2545 E. Griffin Pkwy. in Mission. SPD Investments purchased the property, which included 2.6 acres of undeveloped land. Joe Linsalata of Linsalata Realty Services represented the seller. Tracy Taylor of Addison-based Watson and Taylor Self Storage represented the buyer in the transaction.
GARLAND — LA Fitness has signed a long-term lease to open a 45,000-square-foot facility, located at 1201 W. Centerville Rd. in Garland. The former Mervyn's building at that site is being razed. John Zikos, Jonathan Cooper and Chris Booras of Venture Commercial, along with Walt Brown and Tim Dollander of Diversified Partners, represented the tenant in the lease transaction. Jim Weir of The Retail Connection represented the landlord, Garland Eastgate II.
ARLINGTON — John T. Evans Co. has brokered the sale of the former Buck 'N' Loon's, an 11,000-square-foot, free-standing restaurant property, located at 3517 S. Cooper St. in Arlington. Mike Sandel and Craig Johnson of John T. Evans Co. represented the buyer, T&T Realty Corp., and the seller, Zions Bank, in the transaction.
FORT WORTH — Marcus & Millichap has arranged the sale of the 7,000-square-foot, net-leased Cash America Pawn, located near the intersection of McCart Avenue and Altamesa Boulevard in south Fort Worth. Vincent Knipp of Marcus & Millichap's Fort Worth office represented the seller, a Colorado-based limited liability company, in the transaction and procured the buyer, a local partnership.
DALLAS — Nodding Donkey, Torchy's Tacos and World of Beer have signed leases at BLVD, a new mixed-use development at SMU Boulevard and Greenville Avenue in Dallas. BLVD, which features 417 residential units and 9,100 square feet of retail space, is now fully leased. A joint venture between Prescott Realty Group, AREA Property Partners and Northwestern Mutual owns the project. United Commercial Realty represented Nodding Donkey in its lease transaction, Jamie Streeter of Princeton Partners represented Torchy's Tacos and Steve Ewing and Tyler Grisham of Edge Realty Partners represented World of Beer.
RICHARDSON — Austin-based The Alamo Drafthouse Cinema has signed a 15-year lease to occupy 30,000 square feet of space at Richardson Heights Shopping Center, located on Interstate 75 and Beltline Road in Richardson. Jerry Averyt of Henry S. Miller Brokerage represented the tenant in the transaction. Frank Bullock and Tyler Isbell of SRS Real Estate Partners represented the owner, Hartman Short Term Properties XX Inc.
DALLAS — Seasons 52 is opening its first Dallas location at NorthPark Center, an upscale mall located at 8687 N. Central Expy. The 8,999-square-foot restaurant will be located between Neiman Marcus and Dillard's. Kelly Hampton and Larry Leon of Venture Commercial represented the tenant in the lease transaction. NorthPark Center was self-represented by Derek Wood. The new restaurant is slated to open in the fall.
