Monday, October 26, 2009

Commercial transactions


Universal Technical Institute bought the 108,800-square-foot Regent Office Center at 5151 Regent Blvd. in Irving. Josh Whiteand Rob Kingsbury of Jones Lang LaSalle negotiated the sale with Richard Crow and Marc Meyers of Meyers & Crow Co.

Osburn Commercial Concrete purchased a 43,500-square-foot light industrial building on 3.3 acres at 2747 Oakland Ave. in Garland from Northfield Property LLC. Chris Stout of Bradford Cos. arranged the sale with Ryan Wolcott and Michael T. Grant of TIG Real Estate Services.

A German investor sold 195 acres of land on Ovilla Road in Red Oak to a land-banking investment group from Scottsdale, Ariz. Martina Crevecoeur of International Capital brokered the sale.

An investment partnership purchased Highland Oaks, a 91-unit apartment property in Irving. Nick Fluellen and Will Tolliver of Marcus & Millichap brokered the sale.

Texas Stockyard Llano Ltd. bought a 22,296- square-foot office building at 3217 California Parkway in Forest Hills from BREOF AIP Dallas LP. Bryan Graham of CB Richard Ellis handled the transaction.

A California partnership bought a Taco Bueno restaurant ground lease at 2305 E. Southlake Blvd. in Southlake. Tommy Tucker of Marcus & Millichap handled the sale.

An investment group purchased an 11,000-square- foot office condominium building at 4601 Old Shepard Place in Plano. Doug Boettcher of Castlebrook Management Inc. negotiated the sale with Jim Dutka of Sanctuary GP II LLC.


Samsung Telecommunications America leased 261,025 square feet of industrial space at 1750 Westpark Drive in Grand Prairie from Duke Secured Financing 2009-1ALZ. Dave Anderson and Pat O'Keefe of CB Richard Ellis negotiated the lease.

Mach 1 Air Services Inc. leased 185,010 square feet of industrial space at 1850 Westpark Drive in Grand Prairie from Buckhead 170 Westpark Industrial. John Brewer and Steve Koldyke of CB Richard Ellis negotiated the lease with Trace Elrod of Jackson & Cooksey.

DCM Manufacturing Inc. leased 46,848 square feet of warehouse and distribution space at Post & Paddock II at 2800 112th St. in Grand Prairie from MP Post & Paddock. Michael W. Spain and Jim Ferris of the Bradford Cos. negotiated the lease with Walter Floyd of NAI Huff Partners.

U.S. Renal Care Inc. leased 25,595 square feet of office space for its corporate headquarters in the Park Center building at 2400 N. Dallas Parkway in Plano. Scott Collier, Doug Carignan and Cally Blankenship of Jones Lang LaSalle negotiated the lease with Trey Smith of Capstar Commercial Real Estate.

Mitsubishi Electric Automation Inc. leased 20,000 square feet of industrial space at Heritage Business Park II at 1000 Nolen Drive in Grapevine from A&B Properties Inc. Kevin Santaularia, Michael W. Spain and Todd Lambeth of Bradford Cos. negotiated the lease with Colliers International.

Horizon Distributors Inc. leased 16,160 square feet of space at West Park Distribution Centre at 3717 Commerce Place in Bedford. Jerry Smith of Capitol Realty Advisors negotiated the lease.

L-3 Communications, an aircraft modernization and maintenance contractor, leased 14,505 square feet of industrial space at 711 Directors Square in Arlington. Dave Anderson of CB Richard Ellis negotiated the lease with Scott Ehley of International Capital LLC.

Penn Mutual Insurance leased 10,889 square feet of space from Folsom Investments at Two Bent Tree Tower at 16479 Dallas Parkway in Addison. Gary Hammond of Folsom Investments handled lease negotiations with Bob Myers of Myers Commercial Inc.

Lockton Inc. expanded its office lease by 6,562 square feet at the KPMG Centre at 717 Harwood St. in Dallas. Paul Whitman and Brooke Armstrong of Jones Lang LaSalle negotiated the lease with Duane Henley, Nathan Durham and Travis Ewert.

TNT Dental signed a 5,131-square-foot lease at 6700 Pinecrest Drive in Plano. Dan Spika of Henry S. Miller Brokerage arranged negotiated the lease with Tom Kuhlman of Lincoln Property Co

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