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Walgreens to build at I-20 and Green Oaks Blvd. in Arlington

Posted Monday, Sep. 05, 2011  comments  Print Reprints
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After being shuttered for more than two years, a former Minyard Food Store at a shopping center on the north side of Interstate 20 and Green Oaks Boulevard in Arlington has been cleared away to make room for a Walgreens drugstore.

Tri-Logic Capital in Dallas owns the 5 acres at 4400 SW Green Oaks Blvd., where Walgreens will have a ground lease.

Minyard had operated there for more than 20 years.

Arch Pardue, owner of Tri-Logic, said he anticipates two additional retailers leasing the land that Walgreens is not taking up.

According to public filings on the project, the Walgreens should be completed by March. The estimated cost of construction is $1.8 million.

Firm doubles its space in

Fort Worth office park

Peloton Land Solutions has doubled its space to 8,000 square feet in the Sterling Office Park in Fort Worth.

Peloton is a civil-engineering, planning, survey, environmental and energy-services firm with 35 employees at 5751 Kroger Drive.

The company was founded in January 2010 by principals Richard Payne, Patrick Smith and Aric Head.

Peloton works with clients Titan Operating, XTO Energy, D.R. Horton, Hillwood and the city of Frisco.

Morris-Floyd buys shopping

centers in three states

Fort Worth-based Morris-Floyd Capital Partners recently closed on the purchase of three shopping centers in Arkansas, New Mexico and Ohio.

The buys bring Morris-Floyd's portfolio to more than 460,000 square feet valued at about $44 million.

The firm bought the Military Road Shopping Center near Little Rock, Brazito Plaza in Las Cruces and the Neighborhood Shoppes at Polaris.

Each property was acquired with equity and nonrecourse leverage provided by a private bank or public CMBS lenders, the firm said.

Bill Morris, formerly with Trademark Property Co., and Walter Floyd formed Morris-Floyd in 2010.

Trade group is leaving

Bedford for Colleyville

The Automotive Service Association has leased 7,487 square feet of office space at Meadows Creek Plaza in Colleyville, where it will relocate to from Bedford.

The nonprofit trade association was founded in 1951 and serves as the leading organization for owners and managers of automotive service businesses. The new office is at 8190 Precinct Line Road.

Mark Boone with Realty Capital Corp. represented the landlord.

Transactions

3610 Smith Barry Road,

Arlington

A 4,200-square-foot multitenant office building was sold by Playa Developers. David Keal with Aubrey Keal Commercial Real Estate represented the seller. Steve Kunkel with Steven J. Kunkel & Associates represented the buyer, 3610SBPB Llc.

5200 Colleyville Blvd.,

Colleyville

Be Girly, a boutique for girls that also hosts private birthday parties for young girls and teens, has leased 1,250 square feet from Beam Real Estate. Sylvia Pell with Pell Realty Group represented the tenant.

1900 South Freeway,

Fort Worth

Ricardo Salvidor, who operates an automotive repair shop, has bought the building in which he has been a tenant for two years. Chris Stewart and Franco Calderon with Coldwell Banker Searcy Vasseur Group represented the seller, RLB Investments.

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