FORT WORTH, TEXAS — National Presort Inc. has signed a lease with BCED Investments for a 100,875-square-foot warehouse in Fort Worth's CentrePort Business Park. The property is located at 14901 Trinity Blvd. The tenant will move into its new home from its current location on La Reunion Parkway in Dallas as soon as construction is finished. Bradford Commercial Real Estate Services' Todd Lambeth represented the landlord. Art Daboub of Dallas-based Fortune Realty Advisors represented the tenant.
FORNEY, TEXAS — Two undisclosed parties have traded the 31,220-square-foot Mustang Crossing shopping center in an REO sale. The sale price was not disclosed. Located at 1012 US Highway 80 in Forney, the center is shadow-anchored by Lowe's and Walmart Supercenter. Tommy Tucker of Marcus & Millichap's Dallas office brokered the sale.
PALESTINE, TEXAS — Graham Investments has sold the 209,197-square-foot Palestine Mall to the City of Palestine. The 30-year-old property, which is located at 2017 South Loop 256 in Palestine, was listed for $4.5 million. Upon renovation, the development will be the new home of the city's public library, Texas State Technical College and an early-start college program for high school students. The Woodmont Company's Brad Cruickshank represented the seller. Cody Harris of United Country-Southland Realty represented the buyer.
DALLAS — KAI Texas has begun designing the new Highland Hills Branch Library, a $4.5 million project that is expected to break ground this fall. Located at 6200 Bonnie View Road in Dallas, the 18,000-square-foot property is being designed to LEED Gold standards for the City of Dallas. The new structure will replace a 50-year-old library situated near the 4-acre site. Officials expect to finish the project 10 months after breaking ground.
EULESS, TEXAS — The General Services Administration has leased 40,000 square feet of office space from an undisclosed landlord in Westpark Centre, located at 150 Westpark Way in Euless. The space will be occupied by the United States Customs and Border Protection, an offshoot of the Department of Homeland Security. Westpark Centre is now 90 percent occupied. CB Richard Ellis' Chris Mickey and Jerry Cobb represented the GSA. SCM Real Estate Services' Darrel Higginbotham represented the landlord.
FORT WORTH, TEXAS — ThinkCash has signed a 63,312-square-foot lease renewal with General Electric Credit Equity for space in its International Plaza Building. The lease includes a 21,176-square-foot expansion in the building, which is located at 4150 International Plaza in Fort Worth. The lease also includes a stipulation that the property will be renamed the ThinkCash Building. Jim Lob of UGL Equis' Dallas office represented the tenant. GVA Cawley's John Grace represented the landlord.
HOUSTON — Don Smith of Kinghorn, Driver, Hough & Co. has secured a $2.1 million loan for a 27,000-square-foot warehouse in Houston. Thrivent Financial for Lutherans financed the loan.
LEWISVILLE, TEXAS — Ace Manor Property Management has purchased a 10,000-square-foot industrial building from a private seller for an undisclosed amount. The tenant will use the property, which is located at 507 Bennett Lane in Lewisville, as an auto wholesale warehouse. The 13-year-old property includes 7,600 square feet of warehouse space and 2,400 square feet of office space. Colliers International's Matt Thompson represented the buyer. Dan Spika of Henry S. Miller Brokerage represented the seller.
SOUTHLAKE, TEXAS — Holliday Fenoglio Fowler has secured $90 million in financing for the first four phases of Inland Western REIT's 841,029-square-foot Southlake Town Square. The affected phases of the six-phase mixed-use project, which was completed during the past 10 years, total 507,500 square feet. MetLife Real Estate Investments financed the 7-year loan, which carries a 6.25 percent interest rate. The new financing replaces maturing bank and CMBS loans. More than 150 tenants call Southlake Town Square home.
SPRING, TEXAS — RCG Ventures has purchased the 180,000-square-foot Louetta Central shopping center from a private party for an undisclosed amount. Located at 20614 N. Freeway in Spring, the property had been listed for around $21 million. The center is anchored by Kohl's, Michaels and Ross Dress for Less and is adjacent to a Walmart Supercenter. Louetta Central is currently fully leased.