PHOENIX-Noa and Lylia Baylin, private investors from Los Angeles, have sold the 17-unit Montebello Apartments. Steve Olafson of Scottsdale acquired the 1960s property at 600 E. Montebello Ave. for $867,000
According to a press release detailing the transaction, the buyer owns additional property in the area, and wanted to expand his portfolio. Montebello Apartments was 94% leased at closing. The transaction was negotiated by Jim Crews, Brett Polachek and Tara Lewis of Cushman & Wakefield of Arizona Inc.
ACQUISITIONS/DISPOSITIONS
ARIZONA
Phoenix
- Bertrand and Dorothy Baylin of San Francisco, CA sold the 32-unit Maryland Plaza at 110 and 118 W. Maryland Ave for $1.6 million. Jim Crews, Brett Polachek and Tara Lewis of Cushman & Wakefield of Arizona Inc. negotiated the transaction for the 1950s complex between the seller and the buyer, Central and Maryland, LLC. The buyer plans significant upgrading and modernization of the interior and exterior of the property.
TEXAS
Angleton
- Keith Kucera acquired 10 acres at 29000 Farm-to-Market 2004 from the Gertrude George Estate. M. Thomas, B. Kelley Parker III, John F. Littman and Coe Parker of Cushman & Wakefield of Texas Inc. represented the seller in the negotiations.
Arlington
- Loh International LP sold 76,448 square feet on 4.8 acres at 2901 E. Pioneer Pkwy. to Amerco Real Estate Co. Stan McClure with CBRE represented the seller.
Colleyville
- HRT Properties of Texas sold an 8,000-square-foot medical office building at 5408 Colleyville Blvd. LeAnn Brown with Silver Oak Commercial Realty represented the seller. The Colleyville EDC has confirmed that “Emerus will be teaming up with Baylor Healthcare to develop a 16,165-square-foot facility at the SEC of corner of Colleyville Blvd./ Hwy. 26 and Church Street”, which includes both the 5408 and 5500 Colleyville Blvd. parcels.
Dallas
- Royal Fitzhugh Partners sold a 5,200 square foot, two-story apartment building at 2518 Fitzhugh Ave. Mark Boone with Realty Capital Management represented the seller.
Houston
- Trust Tobacco Company purchased an 83,000-square-foot industrial facility at 7604 Kempwood Dr. Reed Vestal and Taylor Schmidt of the Finial Group represented the seller.
Mesquite
- A private investor sold a 22,500-square-foot office depot on 2 acres at 3795 West Emporium Circle to R Byron Roach Trustee LLC. Stroud Arthur and Ryan Byrne with CBRE represented the seller.
LEASING
TEXAS
Addison
- Nerium International LLC added 5,866 square feet to its existing 7,881-square-foot office lease in Forum at Belt Line Building 2, 4004 Belt Line Rd. Melanie Hughes and Sharon Friedberg with Bradford Commercial Real Estate Services represented the landlord, ARI Forum LLC. Robbie Baty of Cushman & Wakefield of Texas Inc. represented the tenant.
Arlington
- Freedom Hospice has a 2,235 square-foot lease at 1907 Ascension Blvd, located in the First Rate Place campus. Beaux Riley with SCM Real Estate Services represented the landlord in this transaction
- Teneska Inc. renewed 32,102 square feet at Offices at Brookhollow at 1701 E. Lamar Blvd. Renee Efimoff with SCM Real Estate Services Inc. represented the tenant. Karen Simon and Brian Scott with Bradford Commercial Real Estate Services represented landlord 1031 Arlington LLC in the five-year renewal.
Dallas
- Allegiance Title Co. leased 3,248 square feet at 1824 Abrams Pkwy. from Compass Bank. Bailey Anderson with CBRE represented the tenant. Michael Meaden and Daniel Taylor, also with CBRE, represented the landlord.
- BZO Custom Wheels LLC leased 24,545 square feet of warehouse space in Pinnacle Business Center, 1444 N. Cockrell Hill Rd., from Anford Pinnacle LP. Brian Pafford and Jason Miller with Bradford Commercial Real Estate Services represented the landlord. Chris Volke of Texas Overland Co. LLC in Houston represented the tenant.
- CDI Corp. leased 2,349 square feet at 17111 & 17177 Preston Rd. Josh White and Chelby Sanders with CBRE represented the tenant in the transaction with Ambertrail Operating Associates LP.
- PNL Asset Management LP leased 5,549 square feet at 2100 Ross Ave. Josh White and Chelby Sanders with CBRE represented the tenant in the transaction with landlord CP 2100 Ross LLC.
Grand Prairie
- All Tech Hardware LLC leased 5,737 square feet of industrial flex space in Westfork Center Building C, 1475 Avenue S from DCT TX 2004 RN Portfolio. Michael W. Spain and Jim Ferris with Bradford Commercial Real Estate Services represented the landlord in the direct deal.
Houston
- American Surgical Assistants Inc. leased 13,620 square feet at 7322 SW Freeway. David Richardson of American Surgical and David Neville of McDermott Will & Emery LLP represented the tenant. Robert LaCoure negotiated the lease on behalf of landlord Boxer Property
- Genesis Independent leased 6,430 square feet at 9801 Westheimer Rd. Griff Jaggard and Derek Beck of Moody Rambin represented the building owner YPI 9801 WESTHEIMER LLC. Ted Carey with Realty Services Group represented the tenant in negotiations.
- Literacy Advance renewed 6,232 square feet at 2424 Wilcrest. Griff Jaggard and Kurt Kistler of Moody Rambin represented the building owner IC Wilcrest LP. Jackson Hooper with Hooper Realty Inc. represented the tenant in negotiations.
- Stallion Oilfield Services extended its lease of 59,595 square feet at 950 Corbindale. Dan F. Boyles Jr. with NAI Houston, represented the tenant in the negotiations, while the owner, 950 Corbindale Management LLC, was represented by Richard Plessala of American Medical Resources.
Irving
- Highgate Holdings signed a long-term lease extension for 17,406 square feet at the Summit at Las Colinas, 545 E. John Carpenter Fwy. Landlord Rosement Realty was self-represented by Kirby White. Russell Cosby and Rachel Brown with Jones Lang LaSalle represented the tenant.
Frisco
- Akzo Nobel Paints LLC renewed 4,000 square feet at 2930 Preston Rd. from Teachers Insurance and Annuity Association of America. Eric Fedro and Andrew Wiley with CBRE represented the landlord.
- F A Peinado LLC leased 6,446 square feet at 1701 Legacy Dr. Bailey Anderson and John Roper with CBRE represented the tenant. Heather Shover with Younger Partners represented the landlord, Kodiak Management Company LLC.
Irving
- Kiewit Infrastructure Co. leased 15,257 square feet at 8615 Freeport Pkwy. from CCI-Irving II LP. Josh White and Chelby Sanders with CBRE represented the tenant.
Lewisville
- AIS Data Services LP leased 20,141 square feet at 1212 Corporate Dr. from 1212 Irving LLC. Josh White and Chelby Sanders with CBRE represented the tenant.
- Diverse Edge LLC leased 2,788 square feet at 2850 Lake Vista Dr. Bailey Anderson with CBRE represented the landlord, RT Lakeside LLC.
Mesquite
- Dallas Country Local Workforce leased 10,730 square feet at 2110 N Galloway. Josh White and Chelby Sanders with CBRE represented the tenant in the transaction with landlord December Galloway, LLC
Pasadena
- Furniture America Inc. leased 32,000 square feet at 10200 New Decade Dr. from DTMT One LLC. B. Kelley Parker III, John F. Littman, Coe Parker and Tim M. Thomas of Cushman & Wakefield of Texas Inc. represented the landlord in the negotiations. Reggie Beavan and Sheryl Crutchfield of Jackson Cooksey represented the tenant.
Plano
- Capital Title of Texas LLC leased 3,016 square feet of office space in Preston Pointe Centre, 1400 Preston Rd. from Intercity Investment Properties Inc. Sharon Friedberg and Melanie Hughes with Bradford Commercial Real Estate Services. Jeff Patman of Site Selection Group LLC represented the tenant.
- ETM Wellness Ventures LLC leased 2,200 square feet at : 901 W 15th St. Michael Meaden with CBRE represented the tenant. Tonya Hagood with Venture Commercial represented the landlord, Passco Creekwalk SLP.
MARKETING/LEASING ASSIGNMENTS
TEXAS
DeSoto
- A New York-based investment trust has retained Kevin J. Santaularia, Michael W. Spain and Michael T. Grant of Bradford Commercial Real Estate Services to sell or lease the 382,288-sf I-20 Corporate Center, set on 20 acres at 220 E. Danieldale Rd. McGraw-Hill Cos. Inc. will vacate the class A industrial property Aug. 1.
Houston
- Moody Rambin has been retained by Fugro Properties Inc. as the exclusive leasing agent for the 148,751-square-foot, class B Southwest Center, 6671 Southwest Freeway. Approximately 68,883 square feet of space is available.
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