FORT WORTH, TEXAS — Davidson Bogel Real Estate has arranged the sale of 2800 Bledsoe, a 22,000-square-foot retail center located in the West 7th Entertainment District in Fort Worth. The property was 100 percent leased at the time of sale to tenants such as Whisky Garden, Trophy Ranch and The Local. Cameron Deptula of Davidson Bogel represented the seller, TLC Urban, in the transaction. Houston-based Fifth Corner purchased the asset for an undisclosed price.
CARROLLTON, TEXAS — Holt Lunsford Commercial has negotiated a 64,249-square-foot industrial lease within Crosby Business Park in Carrollton, a northern suburb of Dallas. Josh Barnes and Canon Shoults of Holt Lunsford represented the landlord, Frontier Equity, in the lease negotiations. Brian Pafford and Jason Finch of Bradford Commercial represented the tenant, Cowtown Materials Inc., a provider of tools and building supplies for the construction industry.
DALLAS — CBRE has brokered the sale of One AT&T Plaza, a 37-story, Class A office tower in downtown Dallas that houses AT&T’s global headquarters. Located at the corner of Commerce and Akard streets, the 965,800-square-foot property is fully leased to AT&T through 2030 and has served as the telecommunications giant’s global headquarters since 2008. Icahn Enterprises sold the property, which is currently undergoing ground-floor renovations, to a partnership between Dundon Capital Partners and Woods Capital for an undisclosed price. Michael Monahan, Gary Carr, Evan Stone, John Alvarado, Eric Mackey, Robert Hill and Jared Chua of CBRE brokered the transaction on behalf of the seller.
HOUSTON — New York-based GAIA Real Estate, along with partners Menora Mivtachim Insurance and Grand China Fund, has sold a portfolio of nine multifamily properties totaling 2,594 units in the greater Houston area. The Class A properties were built between 1998 and 2006, with each asset featuring somewhere between 200 and 400 units. The buyers were not disclosed. GAIA originally acquired the portfolio in 2013 for approximately $245 million.
HOUSTON — NAI Partners has arranged the sale of a 110,000-square-foot manufacturing facility situated on 35 acres at 1318 Bammel Road in Houston. The property recently served as the Houston facility for Lectrus Corp., a Tennessee-based provider of electrical solutions that filed for bankruptcy in 2017. Ryan Searle, Nick Peterson and John Ferruzzo of NAI Partners represented the seller, California-based investment firm Granger Associates, in the transaction. Corey Ferguson of Raintree Commercial represented the undisclosed buyer.
MCKINNEY, TEXAS — The Jenkins Organization (TJO) has opened Storage Center at Craig Ranch, a 621-unit self-storage facility located within the Craig Ranch master-planned community in McKinney, a northern suburb of Dallas. The property officially opened on Aug. 7 and features 95,462 square feet of climate- and non-climate-controlled space. The facility is the company’s second development in the greater Dallas area.
MESQUITE, TEXAS — Kids Empire, an entertainment concept that provides indoor playgrounds for children, will open a 15,000-square-foot venue within Towne Crossing Shopping Center in Mesquite, an eastern suburb of Dallas. The location will be the first in Texas for the company, which started in California. Robin Barrow and Eddie Liebman of Weitzman represented Kids Empire in the lease negotiations. Chris Young of Phillips Edison represented the landlord on an internal basis. The Mesquite venue is scheduled to open during the fourth quarter.
AUSTIN, TEXAS — American Realty Advisors (ARA) has acquired Northshore, a 38-story mixed-use tower in Austin. The property consists of 439 residential units and 52,083 square feet of office and retail space. At the time of sale, Northshore’s residential portion was 97 percent occupied and its commercial portion was fully leased. Amenities include a 17,000-square-foot pool deck overlooking Lady Bird Lake, multiple outdoor kitchens and a 24-hour fitness center. Charles Cirar, Michael Wardlaw and Colin Cannata of CBRE represented the undisclosed seller in the transaction.
GARLAND, TEXAS — Under the auspices of a limited partnership, Henry S. Miller Cos. (HSM) has developed a 743-unit self-storage facility in the northeastern Dallas metro of Garland that will open on Saturday, Sept. 8. The property encompasses 77,000 net rentable square feet across four buildings. About 87 percent of the units are climate-controlled. Pennsylvania-based self-storage REIT CubeSmart will manage the facility.
HOUSTON — NorthMarq Capital has arranged $54.9 million in loans for the acquisition and refinancing of four commercial properties and one apartment community located throughout the Houston area. The properties include Deer Park Marketplace, a 35,000-square-foot retail asset in Deer Park; Havenwood Office Park, a 240,000-square-foot office property in The Woodlands; Hidden Lakes Phase III, a 9,000-square-foot retail property in League City; 2700 Research Forest, a 75,000-square-foot office building in The Woodlands; and Jacinto Palms Apartments in Jacinto City. Warren Hitchcock of NorthMarq Capital’s Houston office arranged the loans on behalf of the undisclosed borrowers.