DivcoWest Adds 260,000 SF to Portfollio

AUSTIN-DivcoWest, based in San Francisco, bought two historic office buildings in the CBD from Heitman LLC. The two assets acquired were the 110,254-square-foot Littlefield Building and the 129,914-square-foot Scarborough, both of which were built during the early 1900s.

The Littlefield Building, at 106 E. Sixth St., was developed by George W. Littlefield and opened in 1912 with American National Bank as the major tenant. The building is currently 86 percent leased with major tenants including Capital One and HQ Global.

 The Scarborough, at 101 W. 6^th St., is 93% leased.  The building was the brainchild of department store baron E.M. Scarborough, who developed and opened it in 1908, where it housed Scarborough's flagship store for many years. Today's tenants include Ruth's Chris Steakehouse, Gold's Gym and Brooks Brothers on the retail level, and Frog Design and WeissComm Group in the office component.  Both buildings underwent extensive renovation in the late 1990s.

“These assets have become high-demand creative office buildings that play a key role in the history of Austin," comments DivcoWest acquisitions director Michael Provost in a press release. "They add a sense of place and history for a wide range of tenants, while at the same time providing very unique spaces in a downtown market populated largely by commodity office space.” Both buildings appear in the National Register of Historic Places. 

ACQUISITIONS/DISPOSITIONS

ALLEN, TX

• Jumpstreet acquired a 62,332-square-foot former Albertsons building at 2031 W. McDermott Dr.  John Zikos, Christopher Gibbons, Amy Pjetrovic-Hunnicut and Chris Booras of Venture represented Albertsons LLC. Newmark Real Estate of Dallas, LLC and Mike Quinlan of Newmark Knight Frank Frederick Ross of Denver represented Jumpstreet. 

ARLINGTON, TX

• ANS Real Estate Ltd. sold 8.380 square feet ant .72 acres to Triton Building Management. Bill Behr with Transwestern represented the seller and Bryan Graham with CBRE represented the buyer.

FARMERS BRANCH, TX

• Prologis LP sold an 844,533-square-foot building to Cobalt Capital. Josh McArtor, Jack Fraker, Jonathan Bryan and Heather McClain Venegoni with CBRE represented the sellr.

EULESS, TX

• A local investment group acquired a 19,324-square-foot office building at 1010 W. Euless Blvd. Mark Allen of Sperry Van Ness/Visions Commercial represented the buyer. The seller was represented by Cody Payne and Steve Fithian of Sperry Van Ness/Visions Commercial.

FORT WORTH

• A local buyer purchased the 60-unit Amberwood Apartments at 800 Hamsted St. City National Bank was the seller and had previously foreclosed on the property.  Mark Allen and Steve Fithian of Sperry Van Ness/Visions Commercial represented the seller.  The buyer was represented by Thomas Hooke of the Cantrell Company.

HOUSTON

• Keller Management Services Inc. purchased a 46,000-square-foot building at 5731 Harvey Wilson. The seller, 5731 HW, LLC, was represented by John Ferruzzo and Chris Kugle of NAI Houston. 

• Lipien Land Company, LLC acquired a 7,000-square-foot warehouse at 4909 Cranswick.   The seller, BRG Cornerstone Development and Construction LP, was represented by John Ferruzzo and Travis Land of NAI Houston. Andrew Brod of Raintree Commercial represented the purchaser.

PLANO, TX

• Connor Group sold 260,240 square feet at 2901 Ridgeview to CAF Capital Partners. Mark Stymiest with CBRE represented the seller.

SAN MARCOS, TX

• Kelsea Place LLC of Colorado Spring bought the 104-unit Kelsea Place, 518 Linda Dr. The buyer was SM Crescent Oaks Apartments LP of Temple, TX. George Deuillet III with Hendricks & Partners negotiated the transaction.

YOAKUM, TX

• Tandy Brands Accessories Inc. sold 55,808 square feet at 107 W. Gonzales St. to Joe V. Hagan. Rob Burlingame with CBRE represented the seller.

LEASING

ADDISON, TX

• Cantex Continuing Care Network, LLC leased 15,521 square feet of industrial space at 16750 Westgrove. Greg Cannon, Robert Deptula, Nora Hogan and Natalie Snyder with Transwestern represented the landlord.
• Point 2 Point Global Security Inc. leased 2,266 square feet at 16479 N Dallas Pkwy. J.J. Leonard with CBRE was the tenant rep. Clint Madison and Trey Smith with Cassidy Turley represented the landlord, Bent Tree II LP.
• USP Texas LP leased 12,081 square feet at 15305 North Dallas Pkwy. Paul Whitman with Jones Lang LaSalle represented the tenant. J.J. Leonard with CBRE represented the landlord, SP US V5 Colonnade LP.

ALLEN, TX

• The Jym LLC leased, 2.987 square feet at 1223 McDermott Dr. Eric Fedro with CBRE represented the landlord, PMT Partners III Ltd.

ARLINGTON, TX

• United States of America's Veteran Administration renewed two office leases totaling 32,228 square feet at 2301 East Lamar Blvd. Bryan Graham with CBRE represented the landlord, East Lamar LP.

AUSTIN

• Performance Tuning leased 5,831 square feet at Stonebridge Plaza II, 9606 North Mopac  Expwy. Patrick Ley of ECR represented the tenant. Casey Ford of CBRE represented the landlord, Hart Stonebridge Plaza I LLC.
• HMG & Associates Inc. leased 6,832 square feet at Stonebridge Plaza I, 9606 North Mopac Expwy. Casey Ford of CBRE represented the landlord Hart Stonebridge Plaza I LLC in this direct deal.
• Revionics Inc. leased 5,659 square feet at Stonebridge Plaza I, 9606 North Mopac Expwy. Kristi Svec Simmons and Zane Cole of Aquila represented the tenant. Casey Ford of CBRE represented the landlord, Hart Stonebridge Plaza I LLC.

CARROLLTON, TX

• JP Enterprises leased 55,838 square feet at 2840 Commodore Dr. Mike Cleary and Baron Aldrine with CBRE represented the tenant and Adam Hammack and Steve Trese, also with CBRE, represented the landlord. 

DALLAS

• Alpine Exploration Companies Inc leased 2,024 square feet at 5910 N. Central Expwy. Lance McIlhenny with Cresa represented the tenant. Dennis Barnes and Clay Gilbert with CBRE represented the landlord, Premier Place of Dallas LP.
• Dent Wizard International leased 8,000 square feet of industrial space at 1511-1517 Prudential Dr. Tim Veler, Robert Deptula, Nora Hogan and Natalie Snyder with Transwestern represented the tenant.
• Fidelity National Title Group Inc. leased 8,396 square feet at 5910 N Central Expwy. Erik Ozolins with Orion Realty Group represented the tenant. Dennis Barnes and Clay Gilbert with CBRE represented the landlord, Premier Place of Dallas LP.
• Preston Hollow Specialists LLP leased 5,527 square feet of office space at 8411 Preston Rd. Michael Griffin with Transwestern represented the tenant.
• Tekni-Plex Inc. leased 59,940 square feet at 5122 Cockrell Hill Rd. Dave Anderson with CBRE represented the tenant. Brad Lipton with Maverick Commercial represented the landlord, McFadden Family LP.

FORT WORTH

• Spec’s Wines, Spirits and Finer Foods leased a 55,800-square-foot anchor space in the Cityview Centre Shopping Center, 4720 Bryant Irvin Rd. Christopher Gibbons and Michael Dearden of Venture Commercial represented the landlord in lease negotiations. Jeff Brand of Brand Capital Partners and Jody Detmore with SFP Brokerage represented Spec’s Family Partners, Ltd. Cityview Centre is owned by an affiliate of Dallas-based shopping center operator Retail Plazas, Inc.
• Sprint Spectrum LP leased 2,800 square feet at 9405 Sage Meadow Trail. Michael Meaden with CBRE represented the tenant. Freemon Baker with Trademark Property Co. represented the landlord, Alliance Town Center I LP
• Weight Watchers of North America, Inc. leased a 1,855-square-foot space at Overton Park Plaza, near Interstate 820, just north of South Hulen Street. Mark Newman and Jack Burgher with SRS Real Estate Partners represented Weight Watchers of North America, Inc. in the transaction.  Daniel Goldware with Weingarten Realty Investors represented the landlord, WRI Overton Park LLC.

FRISCO, TX

• 3GT Frisco LLC leased, 4,400 square feet at 2930 Preston Rd. Darrell Hernandez with UCR was the tenant representative. Eric Fedro, Jeff Kittleson and Andrew Wiley with CBRE represented the landlord, Teachers Insurance and Annuity.

GARLAND, TX

• Dawn Food Products Inc. leased 80,000 square feet at 3353 Miller Park South. Nathan Hale with Mohr Partners represented the tenant. John Hendricks and Jake Marks with CBRE represented the landlord, LIT Industrial Texas LP

HOUSTON

• Brachfield Law Group PC leased 41,140 square feet at 7322 Southwest Freeway. . Andr