Shopping center

Carrollton mall sold for $25 million

Sales

Bridge Investment Group purchased two apartment communities in the Dallas area with 712 units. The properties are Essence, a 348-unit garden-style apartment community at 4200 Horizon North Parkway in Dallas, and Allure, a 364-unit community at 4300 Horizon North Parkway in Dallas. Newmark’s Richard Furr, Brian Murphy, Brian O’Boyle Jr. and Jakob Andersen brokered the sale through Archway Equities.

Stan Johnson Co., based in Tulsa. paid $25 million for the Northcrest Village shopping center at 3044 Old Denton Road in Carrollton. The 136,061 square foot mall is anchored by Aldi and Ace Hardware and was approximately 85% leased at the time of the sale. Margaret Caldwell, Patrick Kelley and Gill Warner of Stan Johnson Co. brokered the sale through an Oklahoma-based developer.

An investor bought a 30,100 square foot office building at 6340 International Parkway in Plano, Cody Payne of Colliers International negotiated the sale of the building, which was nearly 90% leased.

Berkeley Partners purchased a 42,080 square foot industrial property at 296 Freeport Parkway in Coppell from Alford Coppell Real Estate Holdings LLC. Jeremy Mojica and Nathan Denton of Lee & Associates DFW brokered the sale.

The former 42,000 square feet The Mervyn department store at the Irving Mall on the Airport Freeway in Irving has been sold to an investor. Larry Robbins of Capstone Commercial brokered the sale.

An investor bought the 264-unit Ashford townhouse rental community at 2116 Marsh Lane in Carrollton. Newmark’s Brian Murphy, Brian O’Boyle Jr., Richard Furr and Jakob Andersen brokered the sale.

Store development purchased the Southlake Marketplace mall at the southeast corner of Southlake Boulevard and Davis Boulevard in Southlake. The new owners plan to redevelop the commercial building.

HLC Equity purchased the Southgate Apartments, a 156-unit rental community at 200 Cole Street in Princeton. The community was completed in the first quarter of 2022 and HLC Equity purchased the property in an off-market transaction.

Leases

Converging Technologies LLC leased 12,999 square feet of industrial space at 1225 East Crosby Road in Carrollton. Ken Wesson and Adam Graham of Lee & Associates DFW negotiated the lease.

IDEX Global Services leased 2,768 square feet of retail space at 990 North Bowser Road in Richardson. Jessica Reinhardt and George Tanghongs of Lee & Associates DFW negotiated the lease with Kent Smith of NAI Robert Lynn.

pelican liquor leased 2,500 square feet of retail space at Bunker Hill Retail Center at 3800 Miles Road in Sachse. Brian Sladek and Chris Flesner of Resolut Real Estate negotiated the lease for Derek Stilwell of Franchise Executive Consultants.

Aaron’s automobile leased 4,800 square feet of retail space at 321 N. Rogers Road in Irving. Jason Finch and Jason Finch of Bradford Commercial Real Estate Services negotiated the lease.

Seller’s Drywall leased 4,800 square feet of retail space at 321 N. Rogers Road in Irving. Jason Finch and Jason Finch of Bradford Commercial Real Estate Services negotiated the lease.

Pullita Chicken leased 3,000 square feet of retail space at Debbie Lane stores at Debbie Lane and Webb Ferrell Road in Arlington. Chris Flesner and Brian Sladek of Resolut Real Estate negotiated the lease with Bruce Henderson of KW Commercial.

Central DFW Koala Insulation leased 2,700 square feet of industrial space in the Northwest Crossing business center at 2152-58 W. Northwest Highway in Dallas. Brian Pafford and Kyle Espie of Bradford Commercial Real Estate Services negotiated the lease with Michelle Carrasco of Century 21 Mike Bowman Inc.

TruStar Restoration LLC leased 2,471 square feet of industrial space at Commerce Flex Park, 4829 W. Royal Lane in Irving. Jason Finch and Michael W. Spain of Bradford Commercial Real Estate Services negotiated the lease with Adela Tovar of Keller Williams Realty.

GF Auto Repair & Transmission leased 2,400 square feet of retail space at 321 N. Rogers Road in Irving. Jason Finch and Noah Dodge of Bradford Commercial Real Estate Services negotiated the lease.

JB auto repair leased 2,400 square feet of retail space at 321 N. Rogers Road in Irving. Jason Finch and Noah Dodge of Bradford Commercial Real Estate Services negotiated the lease.

David L Downs leased 1,787 square feet of office space at 400 Chisholm Place in Plano. Jessica Reinhardt and George Tanghongs of Lee & Associates DFW negotiated the lease with Bob Gibbons of REATA Commercial Realty Inc.

Sanctum Health Partners LLC leased 1,778 square feet of office space in Office in the Park Building 1 at 14673 Midway Road in Addison. Richmond Collinsworth and Bret Cooper of Bradford Commercial Real Estate Services negotiated the lease.

Soil and Roots CBD leased 1,411 square feet of retail space at 615 Main Street in Frisco. Angela Chen, Michael Gresback and Maury Levy of Henry S. Miller Brokerage negotiated the lease.

Real estate writer Steve Brown compiles this list.