Investors snap up D-FW apartments

Sales

Dental Laboratory Digitec LLC acquired an 11,904 square foot industrial building at 2835 Virgo Lane in Dallas from Devices and Services Co. Susan Singer of Bradford Commercial Real Estate Services negotiated the sale with Jimmy Yi of Neostone Realty Group.

Holt Cat, an authorized Caterpillar heavy equipment and engine dealer, purchased the 82-acre Anna Business Park on Highway 5 from Anna. Holt Cat is considering selling part of the site to other industrial users.

An investor bought a 127-unit apartment community in Dallas. The Chesapeake Apartments are located at 11620 Audelia Road in northeast Dallas. Nick Fluellen and Wesley Racht of Marcus & Millichap brokered the sale.

Investor Tony Lin purchased the Vanderbilt, a 152-unit building at 2053 Estrada Parkway in Irving. David Fersing, Nick Fluellen, Bard Hoover and Wesley Racht of Marcus & Millichap brokered the sale.

An out-of-state buyer purchased three Arlington rental communities. Built in the 1960s, the properties were sold by Global Real Estate Advisors. Rental communities sold include the 75-unit Avalon Apartments on North Cooper Street, the 70-unit Tuscany Square on West Lovers Lane and the 72-unit Regency Apartments on Airport Circle. The new owner plans to renovate the buildings. Mark Allen of Global Real Estate Advisors handled the sale.

An investor bought 241 acres at Farm Road 75 and County Road 408 in McKinney off US Highway 380. Larry Robbins of Capstone Commercial brokered the sale.

An investor bought a 232-unit apartment community at 4542 W. Kiest Boulevard in Dallas. iBorrow provided a $20 million loan for the acquisition.

Leases

Bakery and Supplies Wholesaler Inc. leased 15,040 square feet of space at 3121-29 Pinewood Drive in Arlington. Patrick Embry of NAI Robert Lynn negotiated the lease with Keenan Cook of Mercer Co.

Popshelf Retailer leased 13,419 square feet of retail space at Preston Shepard Place, a shopping center located at 1601 Preston Road off West Park Boulevard in Plano. Gretchen Miller and Scott Smith of Weitzman negotiated the lease with Jill Tiernan and Susan Ridley of The Retail Connection. Popshelf is a retail store concept launched by Dollar General.

GBK Sports LLC leased 8,055 square feet of office and warehouse space in Woodlands Business Park Building 1, 2009 108th St., Grand Prairie. Michael Spain and Jason Finch of Bradford Commercial Real Estate Services negotiated the lease with Hunter Hedrick and Walker Floyd of Holt Lunsford Commercial.

We flip the spectrum, a children’s activity center, leased 8,000 square feet of space at Plano Market Street, a shopping center at Preston Road and West Park Boulevard in Plano. Weitzman’s Scott Smith handled negotiations with Phillips Edison & Co.

New York Life Insurance Company. leased 4,329 square feet of office space at 700 Highlander in Arlington. Jake Neal and Matt Carthey of Holt Lunsford Commercial negotiated the lease.

Restaurant Snooze AM leased 3,505 square feet of foodservice space at 9169 Dallas Parkway in Frisco. Andy Anderson of Restaurant Properties Group negotiated the lease with John Mossey of Shop Cos.

Lalo’s fine Mexican cuisine leased 2,540 square feet of foodservice space at 5500 Preston Road in Frisco. Andy Anderson of Restaurant Properties Group negotiated the lease with Megan Trimble and David Copeland of Edge Commercial Real Estate.

Cancun Tan leased 2,520 square feet of retail space at Country Club Square at 1071 Country Club Drive in Mansfield. Colin Cannon of Resolut Real Estate negotiated the lease with Kevin Finch of Finch Commercial Realty.

Real estate writer Steve Brown compiles this list.

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