Texas Real Estate Business

MAY 2016

Texas Real Estate Business magazine covers the multifamily, retail, office, healthcare, industrial and hospitality sectors in Texas.

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12 • May 2016 • Texas Real Estate Business www.REBusinessOnline.com LEE & ASSOCIATES NEGOTIATES 6,498 SF INDUSTRIAL SALE DALLAS — Lee & Associates has ne- gotiated the sale of a 6,498-square-foot freezer/cooler warehouse located at 210 Oregon Ave. in Dallas. Matthew Thompson and Phil Rosenfeld of Lee & Associates' Dallas/Fort Worth of- fce represented the seller, Wang Glo- balnet. Charlie Perdue of Perdue Eq- uities Co. represented the buyer, JC Goodman Investment Group. IPA ARRANGES SALE OF 240- UNIT APARTMENT COMPLEX FORT WORTH, TEXAS — Institu- tional Property Advisors (IPA) has ar- ranged the sale of Trinity Bell Gardens, a 240-unit multifamily community in Fort Worth. Will Balthrope, Drew Kile and Rowan Burch represented the seller, Western Securities Limited, and procured the buyer, Block Real Estate Services, in the transaction. Trinity Bell Gardens is located at 9500 Trinity Blvd. The property is 15 miles from downtown Fort Worth. PERRY'S STEAKHOUSE & GRILLE TO OPEN NEW LOCATION GRAPEVINE, TEXAS — The award- wining Perry's Steakhouse & Grille will open a new location in Grape- vine. Once completed in 2017, the 10,000-square-foot restaurant will be located at 2400 W. State Highway 114 and will be the frst in Tarrant County. Perry's owns and operates two other steakhouses in the Dallas metro area — Uptown and Frisco. YOUNGER PARTNERS ARRANGES TRIO OF OFFICE LEASES DALLAS, IRVING and GARLAND, TEXAS — Younger Partners has ar- ranged three ofce leases in the Dallas area. In the frst transaction, Neligan Foley LLP renewed its 11,374-square- foot, full-foor lease at Republic Cen- ter, located at 325 N. St. Paul St. in Dallas. Dan Woldert of Swearingen Realty Group represented the tenant. Trae Anderson, Kathy Permenter and Sarah Savage at Younger Partners rep- resented the landlord. In the second transaction, SilverXis leased 4,000 square feet at The Ofces at Cimar- ron Trail, located at 305 Cimmaron Trail in Irving. Byron McCoy and Ally Price at Younger Partners handled the lease negotiations. In the third trans- action, Ortiz Law Firm leased 2,243 square feet at 3200 Broadway Blvd. in Garland. Zach Stevens of NAI Robert Lynn represented the tenant. Ander- son and Savage of Younger Partners represented the landlord. SHOP COS. SECURES SALE OF THREE RETAIL PROPERTIES TOTALING 55,645 SF FORT WORTH, HARLINGEN and SHERMAN, TEXAS — SHOP Cos. Investment Sales has secured the sale of three retail properties in Texas to- taling 55,645 square feet. Tommy Tucker and Tim Axilrod of SHOP Cos. represented the sellers in each trans- action. The frst is Rosedale Plaza, a 21,602-square-foot, newly renovated retail center located in Fort Worth. The property is located 10 miles southeast of downtown Fort Worth at the north- east corner of Rosedale Street and Ayers Avenue. At the time of closing, Rosedale Plaza was 94 percent leased to tenants including Family Dollar, Cricket Wireless, La Familia Insur- ance, Rosedale Laundry, Hernandez Mexican Food and Dr. Aaron Salmon, D.D.S. SHOP Cos. represented the seller, a Dallas-based limited liability, in the transaction. A private limited li- ability company from west Texas was the buyer. The second transaction was Ed Carey Plaza, a 23,243-square-foot shopping center located in Harlingen. At the time of closing, the property was 100 percent leased to tenants in- cluding T-Mobile, Marble Slab Cream- ery, Quizno's, Wing Barn, Advance America, Sun Loan and Sylvan Learn- ing Center. Ed Carey Plaza is located along North Ed Carey Drive. SHOP Cos. represented the seller, a Dallas- based limited liability company, and procured the buyer, a limited partner- ship from Houston. The third transac- tion was Verizon, Stanton Optical and One Med Spa, a 10,800-square-foot retail center in Sherman. SHOP Cos. represented the seller, a Delaware- based limited liability partnership. A private purchaser from Fort Worth was the buyer. D A L L A S & F O R T W O R T H LEVCOR, INC. 1001 West Loop South, Suite 600 Houston, TX 77027 www.levcor.com RETAIL SHOPPING CENTERS THROUGHOUT TEXAS Sherman Waco Houston Del Rio Eagle Pass Pharr Laredo El Paso LEASING INFORMATION Dan Smith 713.268-3716 dsmith@levcor.com

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