An unnamed local investment group has purchased a historic property in Dallas’ West End.
Originally constructed in 1925 and renovated in 1990, 711 Elm Street is located on 10,000 square feet of land and encompasses five stories. It offers 137 parking spaces and 7,200 square feet of street-level retail space, with tenants including a 7-Eleven and a barber shop.
According to real estate firm Weitzman, which negotiated the sale, the property was attractive to buyers due to its proximity to the DART West End Station, Dallas’ government district, El Centro College, Victory Park and the rest of West End’s retail, office, residential and hotel offerings.
Matthew Rosenfield, Mike Allen and Kevin Butkus with Weitzman represented the seller, a Dallas-based limited partnership, in the deal.
Take a look at other recently brokered real estate deals across North Texas:
Energy-focused private equity firm GRP Energy Capital has signed an office lease extension that expands its Dallas headquarters from 3,650 square feet to 5,704 square feet. GRP’s office is located at 5956 Sherry Lane. JLL Managing Director Greg Biggs and associates Harrison Burt and Maggie Birnbach negotiated the lease on GRP’s behalf. Ward Eastman of Cushman & Wakefield represented the landlord, Sherry Realty Holdings LP.
Joy Massage & Royal Massage leased 1,750 square feet at 1180 N. Coit Road in Prosper. David Levinson with The Retail Connection represented the landlord, East Prosper Retail Partners LP, in the deal.
The city of Prosper also landed a Sugar Boy Donuts store, with the company leasing 1,091 square feet at 17569 Fishtrap Road. Levinson represented Sugar Boy in leasing the space from Line 5 Holdings LP.
Additionally, Levinson represented Slim4Life Weight Loss in the lease of 1,567 square feet at 7979 N. MacArthur Blvd. In Irving. The space was leased from landlord D4 Benson LLC.
Agellan Commercial Real Estate Invesment Trust, a Toronto-based REIT, has inked an agreement to buy seven light industrial properties in northeast Dallas. Roughly 194,000 square feet of gross leasable area will be purchased in a deal worth $12.2 million before closing costs, Agellan said in a prepared statement. The properties, the addresses of which were not listed, are already 97 percent leased to 13 tenants.
Real estate firm Stream Realty Partners represented the Adaptive Training Foundation in a long-term lease to establish an exercise and training center. A 17,373-square-foot facility at 4125 Old Denton Road in Carrollton will offer training areas, cardio equipment, weights, locker rooms, saunas and office space. ATF offers adaptive training to individuals, with a focus on veterans, who have physical impairments.
Largest North Texas Commercial Real Estate Brokerages
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Rank Company Total # of Local, Licensed Agents 1 CBRE 280 2 JLL 197 3 Cushman & Wakefield 101 View This List