Friday, July 11, 2014
Commercial real estate transactions
Leadership Hotels acquired e acres near the southeast corner of State Highway 121 and Spring Creek Parkway for a new Holiday Inn Express. Ken Reimer, Edward Bogel, David Davidson Jr. and Katie Vance of Venture Commercial Real Estate brokered the sale with Craig Johnson of The John T. Evans Co.
Irving-based Realty Capital Management LLC sold 35 Veranda Lane, a 9,438-square-foot, two-story medical office and residential building in The Village at Colleyville at Main Street and Colleyville Boulevard. Mark Boone of Realty Capital Management brokered the sale.
The Victory Group sold a 1.8-acre building site on the northwest corner of Legacy Drive and Warren Parkway in Frisco. Buyer Gingercrest Inc. will develop the site for a RaceTrac gas station and convenience store. Edward Bogel, Jonathan Cooper and David Davidson Jr. of Venture Commercial brokered the sale.
LA Fitness leased 37,000 square feet for a new location at the southwest corner of Custer Road and Virginia Parkway in McKinney. Venture Commercial Real Estate’s John Zikos and Jonathan Cooper negotiated the lease with Jean Smith of United Commercial Realty.
Insulation Distributors Inc. leased 27,913 square feet at 2509-2515 109th Street in Grand Prairie. Corby Hodgkiss of Mercer Co. negotiated the lease with Cody Riles at Prologis.
Sedgwick Claims leased 11,965 square feet of office space in Custer Court at 204 Bush Turnpike in Richardson. Peter Danna of CBRE Group negotiated the lease with Trey Smith and Ward Eastman of Cassidy Turley.
Global Experience Specialists Inc. leased 11,493 square feet at 1425 Greenway Drive in Irving. Mike Dement and Katie Chu of Altschuler and Co. negotiated the lease with Maschera Usrey of Cushman & Wakefield.
American Vapor Inc. leased 9,964 square feet of industrial space at 2100 Regency Drive in Irving. Jeremy Mercer of Mercer Co. negotiated the lease.
Allied World Insurance leased 9,007 square feet of office space in Addison Circle One at 15601 Dallas Parkway in Addison. Seth Weinstein of Newmark Grubb Knight Frank negotiated the lease with Chris Taylor and Trey Smith of Cassidy Turley.
Rally House leased 7,174 square feet in the Preston Towne Crossing shopping center at 4801 W. Park Blvd. in Plano. Jeremy Zidell with the Retail Connection negotiated the lease with Michael Hale at AmREIT.
Beasley, Hightower, & Harris PC leased 7,250 square feet at Thanksgiving Tower in downtown Dallas. Jon Altschuler, Rebecca Rambie and Sam Meginnis of Altschuler and Co. negotiated the lease with Sanders Thompson of Transwestern.
Zenna, a Thai and Japanese restaurant, leased 6,995 square feet of street-level retail space in Mosaic, a high-rise apartment building at 300 North Akard Street in downtown Dallas. Jonathan Diamond and Hank Wright of The Weitzman Group handled with Jeremy Cummings of Structure Commercial.
Real estate editor Steve Brown compiles this list.