Wednesday, October 29, 2014

Commercial real estate transactions

Sales
An affiliate of Fidelis Realty Partners Ltd. purchased the Eldorado Market Place shopping center at the northwest corner of the Eldorado Parkway and the Dallas North Tollway in Frisco. The 162,331-square-foot grocery-anchored retail center is 99 percent leased. Doug Hazelbaker and Ryan Shore of HFF brokered the sale.
Rosebriar Properties sold the restaurant property it occupies at Caruth Haven Lane and Central Expressway in Dallas to In-N-Out Burger. Bill Hanks and Ryan Stewart of Rosebriar negotiated the transaction.
The former Sullivan’s Steakhouse at 17795 Dallas Parkway in Dallas sold to Hancoop Dallas. Eric Deuillet of Structure Commercial and Nathan Denton of Lee & Associates brokered the sale. The deal includes a 3-story parking garage behind the 11,268-square-foot restaurant building.
Addison-based Fourth Score LLC purchased the 68-unit Hondo Park Apartments at 2544 Hondo Ave. in Dallas. CBRE Capital Markets’ Chris Deuillet brokered the sale. The new owner has other properties in the neighborhood.
Alibaba Investments purchased the 40,027-square-foot shopping center at 2851 Matlock Road in Arlington. Bob Kent of Structure Commercial negotiated the sale.
AADFW Properties LLC purchased a 26,725-square-foot building at 1350 Westpark Way in Euless. Michael Newsome of NAI Robert Lynn brokered the sale with Kevin Archer of Providential Realty Partners.
Leases
General Motors Corp. leased 22,059 square feet of office space at the Summit at Las Colinas, 545 E. John Carpenter Freeway in Irving. JLL’s Alan Wood and Larry Toon negotiated the lease with Kirby White of Rosemont Realty Services.
TekVizion PVS Inc. leased 10,643 square feet of office space at 3701 Plano Parkway in Plano. Kent Smith of NAI Robert Lynn negotiated the lease with Michael Carmichael and Chris Lipscomb of Colliers International.
Premier Trailer Leasing Inc. leased 8,343 square feet in Corporate Point at 401 E. Corporate Drive in Lewisville. Michael Bowles and Colin Merritt with CASE Commercial Real Estate Partners negotiated the lease with Jeremy McGown & Alan Wood with JLL.
Keish Risk Management Inc. leased 8,381 square feet of office-warehouse space at 2600 Technology Drive in Plano. Dave Peterson of NAI Robert Lynn negotiated the lease.
MDA Inc. leased 5,530 square feet in Crosspoint Atrium at 8131 LBJ Freeway in Dallas. Michael Bowles of CASE Commercial Real Estate Partners negotiated the lease with Brian Whittington with Avison Young.
Copper Cup Grille and Bar rented 5,415 square feet of restaurant space at 3937 N. Central Expressway in Plano. Dennis Leibovitz of the Retail Connection negotiated the lease with Mike Smith of NAI Robert Lynn Co.
Munilla Construction Management LLC leased 2.4 acres of land at 26790 E. U.S. Highway 380 in Little Elm. Cincha Kostman of Hudson Peters Commercial negotiated the lease.
Real estate editor Steve Brown