Northwestern Dallas office building sold to Plano investor



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Sales

Chang Long Investment Corp, based in Plano. purchased Northpointe Center, a 161,182 square foot office building located at 12005 Ford Road near LBJ Freeway in northwest Dallas. The office building, built in the 1980s, was 75% let for sale. Cody Payne, Wayne Bares Austin Edelmon and Michael Tran of Colliers International DFW negotiated the sale.

Bain Capital Immobilier and Capital Seniors Housing purchased two North Texas senior housing communities, the Orchards in Arlington Heights at 131 East Bardin Road in Arlington and the Orchards at Market Plaza at 3640 Mapleshade Lane in Plano. The two properties, built in 2019 and 2020, have a total of 360 rental units whose age is limited to 55 years and over. Cody Tremper and Mike Garbers of JLL Capital Markets Investment negotiated the sale.

The Family Parks Trust purchased the 101,136 square foot Eastgate Mall at Northwest Highway and Saturn Road in Garland. Eric Deuillet, Scott Rose and John Hiller of Structure Commercial negotiated the sale of the fully leased mall, which has tenants including Aaron’s, Texas DPS and Jumping World.

Nicholas SunTx RE Partners II, in cooperation with Hughes Capital Partners, purchased Bellevue at The Bluffs, a 473 unit apartment community at 3900 W. Northwest Highway in Dallas. Built in 2019, the rental community is just east of Dallas Love Field.

FCP and VaultCap partners purchased the 100 Prairie Ridge Apartments at 313 Freetown Road in Grand Prairie. In July, investors bought the adjacent Corey Place apartments. Wes Racht, Nick Fluellen and Bard Hoover of Marcus & Millichap negotiated the sale.

Grapevine SkateTown at 2330 William D. Tate at Grapevine sold to a Carrollton-based investment group. The sale includes a 32,989 square foot building on 3.21 acres. Bill Bledsoe of Henry S. Miller Brokerage handled the sale.

Kelly CPA purchased a 5,000 square foot old industrial building at 2333 Beatrice Street in West Dallas for its new headquarters. The building is close to the Trinity Groves complex.

Investor Livingston Street Capital purchased The Spring in Silverton, a 240-unit seniors community at 2801 Spencer Road in Denton. Livingston Street Capital, which has offices in New York and Philadelphia, also recently purchased the Haven at Lewisville Lake community in Lewisville and Spring at Silverton in Fort Worth.

Holt Lunsford advertisement purchased 26.2 acres on Center Park Boulevard West from DeSoto for a new warehouse project. Holt Lunsford acquired ownership of Parker International Corp. Alex Perry of Beil Partners negotiated the sale of the land.

An investor bought Plano Crossing Mall, a 12,000 square foot shopping center located at 8908 Ohio Drive in Plano, for $ 3.4 million. Black Lion Investment Group, based in California, sold the property. The CBRE Group negotiated the sale.

AK Indoor Sports LLC acquired 1.7 acres at 2620 N. Interstate 35 E. Carrollton from Joshua Joseph. Jason Finch of Bradford Commercial Real Estate Services negotiated the sale.

Bellevue at The Bluffs, a 473 unit apartment community near Dallas’ Love Field has been sold.(Nicholas SunTx RE Partners II)

Leases

HemaSource Inc. leased 171,250 square feet of industrial space at 1201 Big Town Boulevard in Dallas. Matt Dornak and Adam Jones of Stream Realty Partners negotiated the lease with Cushman & Wakefield.

Hot shot services leased 72,653 square feet of industrial space at the Jupiter Trade Center on Wood Drive in Garland. Holt Lunsford negotiated the lease with Charles Brewer and Luke Davis of Stream Realty Partners.

Nexxt Gen Corp. signed a 20,406 square foot industrial lease at 7412 Baker Blvd. in the hills of North Richland. Todd Hawpe of Transwestern negotiated the transaction.

Concordia University Texas, a private liberal arts university in Austin, signed a lease to occupy 19,687 square feet of space at Two Colinas Crossing, a six-story office building located at 11511 Luna Road in Farmers Branch. Jihane Boury of CBRE negotiated the lease with Matt Waldon representing property owners Reserve Capital Partners and 2GR Equity.

Dental sciences leased 17,277 square feet of industrial space on Crist Road at the Firewheel distribution center in Garland. Holt Lunsford negotiated the lease with Bob Hagewood of Stream Realty Partners.

Steptoe & Johnson Law Firm leased 14,346 square feet of office space in the Ross Tower on Akard and San Jacinto streets in downtown Dallas. Luke Aviles, Ben Cuzen and Hunter Lee of HPI Real Estate Services & Investments negotiated the transaction with Lesa Nickelson French and Ric Kanatzar of Savills.

Jerry’s Artarama Art Supplies & Framing leased 10,285 square feet of retail space in the Preston Valley Mall at 12817 Preston Road in Dallas. Leigh Richter of Bradford Commercial Real Estate Services negotiated the lease with Emilie Gioia Paulson of Weitzman.

Orange grid, a financial technology provider of workflow-based solutions, signed a lease for 9,684 square feet of office space at the Lakeside International Office Center on International Parkway in Flower Mound. The office campus is a project of Realty Capital Management and Staubach Capital. OrangeGrid moves from California to North Texas. JLL’s Daryl Mullin and Cannon Camp negotiated the lease with Hughes Marino Inc. in association with ParaSell Inc.

MD Engineering LP leased 7,714 square feet of office space in the CityView Corporate Center at 1255 West 15th Street in Plano. Kent Smith of NAI Robert Lynn negotiated the Dan Pond lease of Holt Lunsford Commercial.

Vinci Concessions United States signed a new 6,368 square foot office lease with Billingsley Co. at 4100 Midway in Carrollton. Billy Gannon of Transwestern negotiated the lease.

Concordia University in Texas has rented office space at Two Colinas Crossing from Farmers Branch.
Concordia University in Texas has rented office space at Two Colinas Crossing from Farmers Branch.(CBRE)

Sniper Security Company leased a 6,196 square foot office in Providence Towers at 5001 Spring Valley Road in Farmers Branch. Kim Brooks, Scott Walker and Justin Miller of Transwestern negotiated the lease.

Mad Engine Global leased 5,861 square feet of office space at the Parkwood Office Center at 3801 Parkwood Drive in Frisco. Chase Lopez and Ryan Evanich of Stream Realty Partners negotiated the lease with Chase Traughber of Axis Realty Group.

Atipico, a restaurant which adapts to different lifestyles with a menu of creative dishes, has rented 5,130 square feet of retail space in the Union development in Cedar Springs and Akard in Uptown Dallas. The new restaurant will open in November in the project built by RED Development.

Mitsubishi HC Capital, a multinational conglomerate specializing in structuring equipment finance and trade finance across a wide range of industries, signed a 3,930 square foot lease at the Lakeside International Office Center on International Parkway in Flower Mound. The office campus is a project of Realty Capital Management and Staubach Capital. Daryl Mullin of JLL and Cannon Camp negotiated the lease.

First foundation bank leased 3,800 square feet of space for a new banking location at Preston Shepard Place at 1709 Preston Road in Plano. This will be the bank’s first branch in Texas. Serge Vishmid of Atlas Capital Advisors negotiated the lease with Rebecca Griffin of Newmark.

Pancakes and coffee with berries and honey, a Chicago-based breakfast and lunch restaurant, leased 3,752 square feet of retail space from Frankford Pavilion, a neighborhood mall located at 4520 Frankford Road at its southwest corner with the Dallas North Tollway in Dallas. Maggie Hansen and Stephen Wise with Weitzman handled lease negotiations with Janet Scholl of Wingert Real Estate Co.

Buff city soap, a specialty retailer offering a full line of natural soap products, has leased 2,991 square feet of retail space in Southlake stores at Southlake Boulevard and Carroll Avenue off Southlake Town Square. Michelle Caplan and Maggie Hansen of Weitzman handled lease negotiations with John Doubleday of Shop Cos.

Indian Maharaja cuisine and bar leased 1,870 square feet of retail space from Shops at Three Eighty at 2281 E University Drive in Prosper. Chris Flesner and Brian Sladek of Resolut Real Estate negotiated the lease with Ranjeeth Vasikarla of Urban Country Realty.

Friendship Nails & Spa leased 2,110 square feet of retail space from Shops at Three Eighty at 2281 E. University Drive in Prosper. Chris Flesner, Brian Sladek and Mai Nguyen of Resolut Real Estate negotiated the lease with Jennifer Jackson of Corporate USA Real Estate.

Mathnasium leased 1,869 square feet of retail space from Jenah Plaza at 825 W. Royal Lane in Irving. Taylor Cluff of DuWest negotiated the lease with Jimmy Pham of Concept Commercial Realty.

NobiliThé leased 1,800 square feet of retail space from the Victory stores in Lake Ridge at 5151 Lake Ridge Pkwy. in Grande Prairie. Gavin Fite of Resolut Real Estate negotiated the lease with Bretley Roche of Segovia Partners.

NobiliThé leased 1,800 square feet of retail space at 8700 W. University Drive in McKinney. Gavin Fite of Resolut Real Estate negotiated the lease with Jim Jamerson of Segovia Partners.

Atomic wings leased 1,400 square feet of retail space in Park Row Village at 701 W. Park Row Drive in Arlington. Colin Cannon of Resolute Real Estate negotiated the lease with Jakob Nunez of Vision Commercial Real Estate.

Lonestar popcorn leased 1,400 square feet of retail space at 3300 Grapevine Mills Parkway in Grapevine. David Levinson of Retail Connection negotiated the lease.

World of smoke and vape leased 1,202 square feet of retail space from Warren Plaza at 9351 Warren Parkway in Frisco. Retail Connection’s David Levinson and Paul Cooke III negotiated the lease with Weitzman’s Javier Zablah.

Real estate publisher Steve Brown is compiling this list.

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