Friday, April 13, 2012

Dallas-area commercial real estate transactions


Sales
Stroud Development bought 7.5 acres at 2020 Hebron Road in Carrollton to build an assisted living center and dementia care facility. Construction will start in May. Kyle E. Robertson of Bright Realty brokered the sale.
Polytronix Inc. purchased a 100,065-square-foot building at 701-735 N. Plano Road in Richardson. Dave Peterson and Stephen Cooper of NAI Robert Lynn Co. brokered the sale by First Industrial Texas with John Roper of CBRE Group.
Dueno A Dueno LLC bought the Las Brisas apartments at 4203 Gilbert Ave. and the Villas on Bowser at 4330 Bowser Ave. in Dallas. Henry S. Miller Brokerage’s Lane Kommer arranged the sale by California-based CityView.
A local investor purchased the View Pointe Apartments, an 85-unit complex built in 1971 at 2700 Grauwyler Road in Irving. The property was acquired after a foreclosure and is 73 percent leased. Todd Franks and Sam Pettigrew of the Cantrell Co. & Partners brokered the sale.
Intrasonic Technology purchased a 24,000-square-foot building at 9525 Forest View in Dallas. Stephen Cooper of NAI Robert Lynn Co. brokered the sale with Dorian Hara of William Davis Realty.
Leases
Brothers Produce of Houston leased 63,000 square feet of space in Garland Business Park at 2600 McCree Road in Garland. The company is almost doubling its space in the move. Todd Lambeth of Bradford Commercial Real Estate Services negotiated the lease with Kevin Kelly of CBRE Group.
Walgreens leased 34,574 square feet of space for a district office in the 52-acre Parc 114 Business Center on Belt Line Road in Irving. The property is owned by Jackson-Shaw and ORIX Capital Markets. Blake Kendrick and Jeremy Kelly of Stream Realty Partners negotiated the lease with Michael A. Peinado of Lincoln Property Co.
7-Eleven leased 37,509 square feet of land at Jefferson Boulevard and Cockrell Hill Road in Cockrell Hill for a new location. United Commercial Realty’s Pete Podesta, Darrell Hernandez and Lou Miranda negotiated the lease.
Coolglow LLC subleased 29,932 square feet of space at Freeport XV at 700 Bethel Road in Coppell. Jones Lang LaSalle’s Michael Haggar, Forshey Hoobler and Terry Darrow negotiated the lease with Lee and Associates’ Brian Flaherty.
Earthmotor Cars LLC signed a lease for 25,937 square feet of space with Jackson-Shaw in the Cascades at The Colony on State Highway 121 in the Colony. Burson Holman and Adam Hammack of CBRE Group negotiated the lease with Chad Albert of NAI Robert Lynn Co.
For complete article please visit: