ALLEN, TX-Mascot Construction Inc. of McKinney, TX recently acquired a 6,200-square-foot office building and an additional six lots consisting of six acres of developed and build-ready land in the Twin Creeks Garden Office Park. The seller was Twin Creeks Office Parks Ltd. of Plano, TX.

Located at 1782 W. McDermott, construction on the project had launched in 2006, only to be halted after the first two buildings were completed. The first 6,200-square-foot building had already been sold when Mascot came on the scene. Mascot, represented by Tyler Maner of Stream Realty, will occupy the 6,200-square-foot building as its main office and will hold onto the additional land for future office development. Tom Grunnah and Lane Kommer with Henry S. Miller Brokerage represented the seller in the transaction.

ACQUISITIONS/DISPOSITIONS

ARIZONA

Maricopa

• Neil Kleinman of Tucson purchased a 7,520-square-foot single-tenant retail building at 21145 N. John Wayne Pkwy. The building is occupied by Pet Club, a regional pet food store. Joseph Compagno of CBRE's Phoenix office represented the buyer and the seller, Barclay Group in Phoenix, and structured the $1.45 million transaction. The tenant will remain in the building on a long-term lease.

Phoenix

• A Southern California private real estate owner has sold the 40-unit Bethany Terrace at 525 E Bethany Home Rd. for $1.7 million. The buyer was 7th & Bethany LLC. Brian Tranetzki and Rich Butler with Marcus & Millichap Real Estate Investment Services represented the seller.
• Tempe Broadway Partners LLC acquired a 26,000-square-foot industrial property at 2632 N. 37th Dr. from California Bank & Trust for $725,000. Paul Sweetland, Rick Danis and Paul Boyle from Cassidy Turley brokered the transaction.

Tempe

• Backrows Holdings # 2 LLC of Los Angeles purchased the 27-unit Victoria Palms Apartments at 1206 E. Lemon St. from Eugenijus Valiulis Revocable Trust of Ojai, CA for $1.3 million. Brian Smuckler and Jeff Seaman of CBRE's Phoenix office represented the buyer and the seller. 

Tucson

• Vincent and Irene Delaney acquired the bank-owned 37-unit Desert Atrium Apartments located at 8750 E. Cooper St. for $1.2 million. Neil Sherman and Danny Lee with Sperry Van Ness LLC represented the seller. Tony Reed of Long Realty represented the buyer.

TEXAS

Dallas

• William L Thunnell Family Trust sold a 0.77-acre parcel at 3811 Halifax St to KP Argon LLC. Jeremy Mercer & Brent Landfried with Mercer Co. represented the seller.  Brian Gilchrist and John Brewer with CBRE represented the buyer.

Desoto

• Love Construction bought a 5,640-square-foot industrial building at 1347 Lyndon Ave. from Bank of America.  Bob Kent of Structure Commercial negotiated the sale.

Duncanville

• An undisclosed local buyer bought a 5,825-square-foot retail building at 814 E. Camp Wisdom Rd from BBCN Bank.  Troy Morgan of Structure Commercial negotiated the sale.

Fort Worth

• Cowart Properties LLC acquired 39,750 square feet at 1201 Forum Way from Skyline Industries Inc. Noel Hutcheson with Colliers International represented the seller. Michael Newsome with NAI Robert Lynn represented the buyer.
• JDL Ventures LLC bought a 106-unit apartment complex at 6327 Woodway Dr. from G8 Opportunity Fund LLC. Chris Deuillet with CBRE represented the seller.

Houston

• Olive Land LCC acquired 18 acres at FM 1960 and Lee Road from Calvin R. Bentsen. CBRE's Bill McDade, Kristen McDade and Peter Mainguy, along with Margo Bentsen of Mary Beth Allman & Associates, represented the seller.

LEASING

TEXAS

Addison

• Ansira Partners LLC leased 3,728 square feet at 15851 N. Dallas Pkwy. Mark Harrison with Granite Properties represented the landlord, GPI Tollway-Madison LLC. Robert Blount with CBRE represented the tenant.

Bedford

• Raba Kistner, Inc has leased approximately 2,982 square feet of office space at 3301 W. Airport Fwy. Renee Efimoff with SCM Real Estate Services represented the landlord in this transaction. Clay Vaughn and Grant English of CBRE represented the tenant.

Carrollton

• Branson's Bar and Grill  leased 4,114 square feet at 3030 N. Josey Lane.  Eric Deuillet of Structure Commercial negotiated the lease for both owner and tenant.
• Images Salon leased 6,300 square feet at 2445 Midway Rd. Bob Kent of Structure Commercial negotiated the lease for both owner and tenant.

Coppell

• Gemmy Industries Corp. leased 81,900 square feet at 11 Wrangler Dr. from Coppell Industrial LP. Mark Miller with NAI Robert Lynn represented the tenant. Adam Hammack and Steve Trese with CBRE represented the landlord.

Dallas

• Aguilar Events leased 10,001 square feet at 4343 Camp Wisdom Rd. Troy Morgan and Brian Cyphers of Structure Commercial represented the Tenant.
• Allegiance Title Co. leased 3,428 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.
• CSL Plasma Inc. leased 23,200 square feet at 5015 Catron. Stuart Smith with UGL Equis represented the tenant. John Hendricks with CBRE represented the landlord, Eastpoint Business Center Inc.
• Caesars Marketing Services Corp. renewed 2,585 square feet at 17440 Dallas Pkwy. from RMB Bent Tree Gardens Ltd. Robert Blount with CBRE represented the tenant. Daniel Greenberg with RMB Investments was the in-house representative for the landlord.
• Cox Smith Matthews Inc. renewed 31,298 square feet at 1201 Elm St. from Binyan Realty LP. Clay Gilbert, Dennis Barnes and Shannon Brown with CBRE represented the tenant.
• Echo Global Logistics Inc. renewed 8,069 square feet at 1845 Woodall Rodgers Fwy. Harlan Davis and Michelle Donaldson with CBRE represented the landlord, 1845 WR Freeway LLC. David Quisenberry with Colliers International represented the tenant.
• Subway Restaurants leased a 1,640-square-foot space in Snider Plaza, at the corner of Hillcrest Avenue and Westminster Avenue. SRS Real Estate Partners represented the tenant, Subway in the transaction.  Leigh Richter with Bradford Commercial Real Estate represented the landlord, Westminster Park Cities in the transaction.
• Technical Services Inc. leased 3,041 square feet at 18333 Preston Rd. Andrew Marcus with Transwestern represented the tenant. Michael Dudley with CBRE represented the landlord, Acron Preston North LP.

El Paso

• Federal-Mogul Powertrain Inc. leased 30,048 square feet at 1277 Joe Battle Blvd. from 5 Star Tech I LP. Anthony Mash with CBRE represented the tenant in this direct deal.

Farmers Branch

• Hatch Solutions LLC leased 7,402 square feet at 11425 Mathis Dr. Corby Hodgkiss with Mercer Co. represented the tenant. Adam Hammack with CBRE and Mitch Pruitt with Prologis represented the landlord.
• Venture Metals LLC leased 98,521 square feet at 1970 Crown Dr. Ken Wesson with Lee & Associates represented the tenant. Adam Hammack and Steve Trese with CBRE represented the landlord, Cobalt Industrial.

Fort Worth

• Justin Brands Inc. renewed 32,135 square feet of warehouse space in Northbrook Business Center Building 1, 1001 NE Loop 820. Nick Talley and Karen Simon with Bradford Commercial Real Estate Services represented the tenant. Jerry Alexander of Transwestern represented the landlord, Fort Worth Northbrook Ltd.
• Select Medical leased 2,000 sf at Eastchase Plaza. Troy Morgan of Structure Commercial negotiated the lease for both owner and tenant.

Frisco

• K2K Frisco AEL LLC leased 3,380 square feet at 5190 Preston Rd. Amy Nott with CBRE represented the tenant. Andrew Wiley with CBRE represented the landlord, Kimco Frisco LP.

Garland

• Restoration Community Daycare leased 4,939 square feet at 2121 Interstate 635.  Eric Deuillet and Ryan Jordan of Structure Commercial negotiated the lease for both owner and tenant.

Grand Prairie

• Balance Solutions Diagnostic signed a 1,802-square- foot lease at Arlington Oaks, 2912 Kraft St. Judy Nitzinger and Theron Bryant with SCM Real Estate Services represented the landlord in this transaction.

John Brewer with CBRE represented landlord Heller XVII Partnership & Heller XVIII Partnership LP in the following leases:

• Century Warehouse Inc. leased 87,816 square feet at 225 Southwest 14th St. Brad Struck with Transwestern represented the tenant.
• Triumph Aerostructures Vought Aircraft Division leased 107,082 square feet at 310 Southwest 14th St. in a direct deal.

Grapevine

• Tarrant County Properties leased 18,900 square feet at 1220 Texan Trail from Blue Sky Land Express Inc. Stephen Koldyke with CBRE represented the tenant. Phil Rosenfeld and Matt Thompson with Colliers International represented the landlord.

Houston

• Amega West Services LLC leased 15,900 square feet at 16536 Air Center Blvd. Glynn Mireles of CBRE represented the tenant. Tony Brummett of Brummitt & Co. represented the landlord, Trans Ph II Ltd.
• OFS Energy Fund LLC leased 6,214 square feet at 6363 Woodway Dr. from Sanvoss Properties LP. Steve Rocher and Kristen Rabel of CBRE represented the landlord.  Jim Bailey of Cushman & Wakefield represented the tenant.
• RigNet, Inc. has expanded 9,669 square feet for a total of 29,174 square feet at the Ashford Crossing II building, 1880 S. Dairy Ashford. Terri Torregrossa of Moody Rambin Interests represented the building owner, KWI Ashford Westchase Buildings LP. Josh LaRocca with Avison Young represented the tenant in negotiations.
• Wolf Pack Energy Services LLC renewed 6,394 square feet at 14825 St. Mary's Lane. CBRE's Bill Boyer represented the tenant. Randi Smith and Allie Hubbard of PM Realty Group represented the landlord, Mission Ashford Atrium Investors LP.

Applied Engineering Solutions Inc. expanded to 11,014 square feet at Millennium Tower, 10375 Richmond Ave. Steve Rocher and Kristen Rabel of CBRE represented Millennium Windfall Partners in this lease transaction. Rocher and Rabel also represented landlord Gessner Partners Ltd. in the following leases at 3100 S. Gessner:

• Ricoh Americans leased 5,444 square feet.
• Freedom Well Services leased 3,207 square feet.

Irving

• Branch Banking & Trust Co. leased 2,329 square feet at 2420 N. Beltline. Andrew Wiley with CBRE represented the tenant. Steve Grey with Weitzman Group represented the landlord, Beltline/Airport Freeway, Ltd.

Plano

• Mooyah Franchise LLC leased 2,537 square feet at 5212 Tennyson Pkwy. from BRI 1849 Legacy LLC. Adam Hammack and Ben Davis with CBRE represented the tenant. Michael Peinado with Lincoln Property Co. represented the landlord.

Richardson

• Gaddis Research International LLC renewed 23,649 square feet at 1850 North Greenville Ave. Jordan Buis and Warren Willey with CBRE represented the tenant. Mark Aston with Maverick Commercial represented the landlord, Richardson Technology Properties I LP.
• Safeguard Properties leased 22,000 square feet at Greenway II, 2400 Lakeside Blvd. Kent Smith with NAI Robert Lynn represented the tenant in the lease, and Sarah Catherine Norris with Sooner Management (a sister company of JP Partners), handled the lease on behalf of the property owner, JP Partners.

LEASING ASSIGNMENTS

TEXAS

San Antonio

• CBRE has been exclusively selected as the leasing agent for Stone Oak Physicians Plaza I & II, 19016 Stone Oak Pkwy. and 540 Oak Centre Dr. The property totals 68,072 square feet. Lindsey Tucker and Carl Salvato with CBRE in San Antonio will be responsible for the leasing efforts on behalf of the owner, Health Care REIT.

EXECUTIVE MOVES

ARIZONA

Phoenix

• Krystal Dill  has joined the Desert West Region office of Lincoln Property Co. as marketing manager. Dill will be leading all marketing efforts while also assisting with leasing and acquisitions for the portfolio.  Dill most recently served as business operations manager for Voit Real Estate Services.  Prior to Voit, she worked at Cushman & Wakefield of Arizona. Dill holds a Bachelor of Science Degree in Marketing from Miami University and an Arizona real estate license. 

Lincoln Property Co. also announced the following promotions:

• Kristi Warnecke has been promoted to portfolio manager.
• Doug Klocke has been promoted to senior construction manager.
• Tina Ramirez has been promoted to senior property administrator at Camelback Square.

TEXAS

Austin

• Stream Realty Partners has promoted Sam Owen and Brad Philp to vice presidents of the Austin office. Owen will be a vice president in the firm's industrial division in Austin while Philp will serve in the office division. Both Owen's and Philp's primary responsibilities involve customer service for existing clients, growth of the firm's service business and strategic opportunities for principal clients.  Additional duties include but are not limited to: project leasing, tenant representation, market research, and acquisition services. Owen joined Stream Realty in 2008; Philp came on board in 2010.
• Stream Realty Partners has also promoted Will Nichols to managing director of the firm's industrial leasing division in Austin. As managing director Nichols' primary responsibility involves overseeing the service platform focused on continuously providing superior execution to the firm's existing clients. Additionally, Nichols is tasked with establishing new business pursuits and identifying strategic investment opportunities for both Stream Realty and its clients.  Nichols joined Stream Realty in 2006.