Friday, May 01, 2009

Commercial real estate transactions


Sales


Chrysler Realty sold an 11-acre property at 2920 N. Interstate 35E in Carrollton to Central Kia, which will move from its existing dealership. W Thurston Witt Jr. of United Commercial Realty handled the transaction.

An investor purchased a 12,900-square-foot CVS Pharmacy store at 775 E. U.S. Highway 80 in Forney. David Clary of Stan Johnson Co. negotiated the sale of the building, which has a long-term lease.

Dr. Ken Smart bought 6,200 square feet of commercial space at 6898 Lebanon Road in Frisco for his plastic surgery center. Mark Pittman negotiated the sale.

A local investor bought the 88-unit Amber Vista Apartments at 1901 E. 15th St. in Plano from LNR Partners. Transwestern negotiated the sale.

Conti Organization of Dallas purchased Eastfield Village, a 232-unit apartment project at 8405 E. La Prada Drive in Dallas. Built in 1969, the rental complex is on 14.7 acres next to Eastfield College. The new owners plan to renovate the project. Transwestern negotiated the sale.

Knopf Family LP bought a 26,760-square-foot commercial property at 2100 Regency Drive in Irving. Bob Kent of Mercer Co. negotiated the sale with Tom Lynn of Robert Lynn Co.

Leases

C3 Premedia Solutions Inc. leased 20,729 square feet of commercial space at Gateway Business Center, 2900 Gateway Drive in Irving. Ken Walter of Colliers International negotiated the lease.

TexPress Packages Inc. leased 52,765 square feet of industrial space at 1841 Monetary Lane in Carrollton. Jeff Mercer of Mercer Co. negotiated the lease with Jean Russo of Cushman & Wakefield.

Landmark Paint leased 7,500 square feet of industrial space at 8821 Diplomacy Row in Dallas. Ryan Boozer of Mercer Co. negotiated the lease.

Kaufman and Broad of Texas Inc. leased 17,629 square feet of industrial space at 2845 W. Airport Freeway in Irving from TIAA-CREF. Steve Koldyke, Jordan Buis and Warren Willey of CB Richard Ellis handled the transaction.
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Real Estate Editor Steve Brown compiles this list.