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Dallas-based developer has new partner for planned shopping center

Dallas-based Weber & Co. has taken on a new development partner for its planned shopping center off U.S. 287 and Harmon Road in north Fort Worth.

Kimco, Weber's original partner, has sold the land, about 28.64 acres, to Dallas-based Stratford Co., deed records show.

Kimco/Weber bought slightly more than 39 acres at that site three years ago. In November 2008, it sold just under 11 acres to Target Corp., which will anchor the planned center.

Wayne Miller, Weber's attorney, said both Target and Weber are waiting for road improvement issues near the proposed shopping center to be worked out before construction begins, and that could be another year.

The land is west of Interstate 35W.

Stratford Co., a real estate investment firm, declined to comment on the purchase.

Weber has developed numerous Target-anchored shopping centers in North Texas, including Montgomery Plaza on West Seventh Street, and centers in Lake Worth, Burleson, Watauga, Euless, North Richland Hills, Mansfield, Grand Prairie and southwest Fort Worth.

Coldwell office honored

The Coldwell Banker residential brokerage office in Keller has been recognized as No. 3 nationwide in total units sold among offices with one to 35 agents.

"This recognition is a testament to our hard work and cooperative efforts among all sales associates throughout the year," said Wanda Smith, office manager. "We strive to excel in providing truly remarkable service for our customers."

Coldwell has approximately 3,600 residential and commercial real estate offices and 96,700 sales associates in 47 countries and territories.

Lighting retrofit

Fort Worth's Child Study Center, a leading authority on children with developmental disabilities, said it is retrofitting its lighting to reduce power consumption and costs.

"As we all face tougher economic times, particularly in the fundraising sector, it is imperative that we carefully examine our costs," said Roger Partridge, director of development for the Child Study Center Foundation.

The project is partially funded with a $52,446 grant from the Sue Pope Fund.

Transactions

2505 N. Texas 360, Arlington

Western Rim Property Services has leased the eighth floor -- 15,661 square feet of office space -- of Brookhollow Riverside. Theron Bryant with SCM Real Estate represented the landlord. Bill Dowd with Dowd Commercial represented the tenant.

Elk Drive and Texas 174, Burleson

Burleson Arnold Investments has bought 2.3 acres to build an Aldi grocery store. Lester Day and Walter Floyd with NAI Huff Partners represented the seller, EBGF Land Development.

1220 N. Main St., Fort Worth

Alberto Flores, an internal-medicine doctor in Fort Worth, has bought this three-story, 14,886-square-foot office building. He will use the first floor for his practice, Clinica Guadalupe, which is currently at 309 NW 25th St. Theron Bryant with SCM Real Estate represented the seller, California-based Robinson Family Trust. Tim Clark with KW Commercial Real Estate represented the buyer.

1150 Blue Mound Road, Fort Worth

Layco Inc., an electronic parts distributor, has leased 2,000 square feet, and Morgan Southern has leased 1,600 square feet for a truck dispatch office, in the Blue Mound Business Centre. Kimberly Olds with Ron Sturgeon Real Estate negotiated the leases.

1452 Hughes Road, Grapevine

Gnames Media Group has leased 1,240 square feet of office space in Vineyard Centre II. Cincha Kostman with Hudson Peters Commercial represented the tenant. Kristen Penrod with John Bowles Co. represented the landlord.

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