DALLAS — Warrior Group, a Dallas/Fort Worth-based general contractor, will provide construction management services for renovations of the FretzPark Recreation Center, located at 6950 Beltline Rd. in Dallas. The project entails interior and exterior improvements to the existing 13,600-square-foot recreation center that serves the North Dallas community. The work will include mechanical and electrical system upgrades, lighting replacement, architectural finishes and site work. Construction is set to begin in May, with an estimated completion date of January 2012. GGO Architects, Dallas, is the architect of record, while Dallas-based Pegasus/URS is the program manager for the project.
IRVING — The Connor Group, a Centerville, Ohio-based real estate investment firm, has acquired Knightsbridge Apartments, a 308-unit multifamily community, for $27.5 million in the Las Colinas and Irving area close to the Dallas-Fort Worth Airport and the Four Seasons Hotel and Resort. Knightsbridge Apartments is located at 5342 Bond St. in Irving.
NORTH RICHLAND HILLS — Fort Worth Community Credit Union has purchased a 4,000-square-foot building located on Davis Boulevard in North Richland Hills. Previously occupied Washington Mutual Bank, the building is situated west of a Target-anchored shopping center with tenants including Starbucks, Radio Shack and Game Stop. Fort Worth Community Credit Union is expected to open this fall. Christopher Gibbons of Venture Commercial represented Fort Worth Community Credit Union in the transaction, while David Levinson of The Retail Connection represented the seller, Inland Western North Richland Hills.
DALLAS — CAPSTAR Real Estate Advisors, a privately held real estate operating company, along with an institutional partner, has sold Bluffview Towers, a two-building, 196,356-square-foot Class A office complex in Dallas. Commercial Developments International (CDI) purchased the towers, located at 3860 and 3890 Northwest Hwy. The property's East Tower encompasses 126,132 square feet over seven stories and the West Tower totals 70,224 square feet throughout four stories. Renovated in 2009, the property is 96 percent leased to tenants including GSA, Inland American, Sewell, HEB Grocery and Atrium Cos. Holliday Fenoglio Fowler (HFF) marketed the property on behalf of CAPSTAR.
KILLEEN — Atlanta-based ARA, a full-service investment advisory brokerage firm, has arranged the sale of the Arbors of Killeen Apartments in Killeen. Kelly Witherspoon and Jeff Patterson of ARA's secondary markets team in Austin represented the seller, an Arlington-based private investor. Place Properties, an Atlanta-based national investment group, purchased the multifamily property for an undisclosed price. Arbors of Killeen is located at 2801 O.W. Curry Dr. in Killeen. Built in 1996, the 160-unit property offers one-, two- and three-bedroom floor plans averaging 768 square feet.
DALLAS — RSW Dallas has sold a 92,880-square-foot industrial building located at 11160 Denton Dr. in Dallas to Rory Sterling, Custom Floor Service. The seller was represented by Nathan Denton, Trey Fricke and Reid Bassinger of Lee & Associates' Dallas/Fort Worth office. Clint Riley of Transwestern's Dallas office represented the buyer. The price of the sale was undisclosed.
DALLAS — The Dallas-based Thompson & Knight law firm represented Fibra Uno, a Mexican REIT. The REIT was launched in March with an initial public offering that raised 3.62 billion pesos, about $300 million U.S. dollars. Guillermo Uribe led the Thompson & Knight team, which included Adrián Gay, Jorge Gonzalez, M. Cecilia Gutierrez-Sansano, Laura Martínez and Cecilia Zaldivar.
FORT BEND COUNTY — A partnership was announced between the University of Houston System and Fort Worth-based video game developer and publisher TimeGate. The agreement includes equipment, facility hosting, training and mentoring for student interns. The university will purchase the motion capture equipment and TimeGate will provide space and commercial talent at its Sugar Land headquarters. This will give students the opportunity to learn real-world experience while still in school.
AUSTIN — Crimson Real Estate Fund, L.P., and its co-investment partner, USAA Real Estate Co., have acquired the Aspen Lake office building located in northwest Austin from Wells Fargo Bank. Aspen Lake is a four-story, 205,000-square-foot Class A office building located near the intersection of U.S. Highway 183 and State Highway 45. Leasing services will be provided by AQUILA Commercial, LLC, under the direction of Crimson Services, LLC, an affiliate of Crimson Real Estate Advisors, L.P. Crimson Services will also provide property management services.
HOUSTON — Sundance Cinemas, The Cordish Companies and the City of Houston have announced that a lease has been signed for the former Angelika center space at Bayou Place in the theatre district of downtown Houston. Sundance expects extensive refurbishment work to begin immediately on the eight-screen complex with a target opening date set for November. Sundance Cinemas Houston will offer specialized film programming culled from film festivals and the best in general release. The venue will offer drinking and dining, all reserved seating, digital stereo sound and presentation, filmmaker screenings and exclusive events. Sundance Cinemas Houston will be the third of its kind, joining Sundance Cinemas in San Francisco and Madison, Wisc.