Monday, March 26, 2012

Recent Commercial Transactions

An investor has purchased from KTR Capital Partners a 450,000-square-foot industrial building at 2301 SouthPointe in Lancaster. Cannon Green and Bob Hagewood of Stream Realty Partners brokered the sale.
Raymond Berry sold 28 acres of land to the city of Dallas on Berry Road in Mesquite. The property will be used for a new water line. David Little was the broker.
A Fort Worth investor has purchased a 6,768-square-foot restaurant building at 1623 W. Henderson Drive in Cleburne. Elizabeth Allen and Megan Nabholtz with The Weitzman Group brokered the sale with Glenn A. Hodge.
A New Orleans investor, Dallas LLC, purchased the 360-unit Cliff Park Village apartments at 220 East Overton Road in Dallas. Peter Hartnett of the Dallas office of Hendricks & Partners brokered the sale.
A local investor has purchased the 164-unit Lexington Apartments at 201 W. Tarrant Road in Grand Prairie. Sam Pettigrew with The Cantrell Co. & Partners brokered the sale
Fine Line Diversified Realty has purchased 4.5 acres of land at 8640 N. Beach Street north of Fort Worth. The property will be held for future development. Pat Patman of Patman Realty Co. negotiated the sale for Sterling Bank.
Leases
Auto Parts Distribution International LLC has leased 310,000 square feet of industrial space at Pioneer 360 Business Center on State Highway 360 in Arlington. Cannon Green and Bates Arnot with Stream Realty Partners negotiated the lease with Craig Jones with NAI Robert Lynn Co.
U.T.U. Wholesale Inc.  has leased 61,084 square feet of office-warehouse space at 12018 Corporate Drive in Dallas. Dan Lawson with Proterra Properties Inc. negotiated the lease with Sandy Kee of Kee Commercial Realty.  
Arbor Contract Carpet Inc. has leased 54,047 square feet of office-warehouse space at 2205 E. Pioneer Drive in Irving.  Robert Blankinship and Jim Svidron of NAI Robert Lynn Co. negotiated the lease with Chris Bly with Proterra Properties.
Shivan Ibrahim has leased 24,516 square feet of retail space at 3347-3415 W. Walnut in Garland.  Tom Heraty of NAI Robert Lynn Co. negotiated the lease with Austin Schenkel of The Weitzman Group.
Prism Microwave leased 12,294 square feet at 440 Wrangler in Coppell. Blake Kendrick with Stream Realty Trust negotiated the lease with Alex Payne with Axis Realty.
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