Dave Valdez of Henry S. Miller Commercial in Dallas tells GlobeSt.com that Quality Air started negotiations after other inquiries surfaced about the holding at 2829 Ft. Worth Ave. The 1.9-acre property was on the market for a year, but interest piqued after the subdivision of a back piece, he says. Last year, a small group of Dallas-area investors closed on the subdivided parcel and its small industrial building.
Quality Air, a manufacturer of bottled gases, is starting improvements to its early 1960 building, expanded twice before. Richardson inherited the property from her father, says Valdez. The South Dallas structure originally was a build-to-suit for BOC Gases.
At Grubb & Ellis Co.'s Dallas office, broker Mike Burch has closed a 200-unit, class C multifamily buy in Midwest City, OK, a suburb of Oklahoma City. The Rolling Meadows Apartments, situated at 1300 Midwest Blvd., has been transferred to Bridge Partners from seller Jerry Womack. Burch handled both sides of the sale.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.