Tablet Business

Norwood Land Services moving downtown from Camp Bowie

Norwood Land Services has leased space in the Oncor Building in downtown Fort Worth, where it will move in mid-October.

The company, which does work for the oil and gas industry, has leased 7,920 square feet on the 13th floor of the building at 115 W. Seventh St. The company will move from 6421 Camp Bowie Blvd.

Casey Tounget and Theron Bryant of Coldwell Banker Commercial Alliance DFW represented the landlord, Benbrooke Electric Partners. Bill Tinsley of Ellis & Tinsley represented the tenant.

The building is now 93.5 percent occupied, Tounget said.

“Downtown Fort Worth is always going to be a hot market,” Tounget said. “The walkability factor certainly weighed on Norwood Land Services’ decision to move into downtown.”

Texas Wesleyan buys Rosedale retail buildings

Texas Wesleyan University has bought shopping center space on East Rosedale Street across from the campus in southeast Fort Worth as part of its Rosedale Renaissance project.

The space totals more than 20,000 square feet in buildings in the 3000 and 3100 blocks of East Rosedale, between Binkley Street and Vaughn Boulevard.

The property was sold by TSC Poly Retail Llc., the real estate investment arm of Peter Lyden, who bought the property in 2005, deeds show.

“We are unwavering in our commitment to support the revitalization of the Polytechnic Heights neighborhood,” Wesleyan President Frederick Slabach said in a statement. “We believe this purchase is good for Texas Wesleyan, good for the neighborhood and opens good business opportunities for retailers.”

Slabach said that the university plans to lease the property and has had interest from several food-service retailers. Current tenants are the University Bookstore and a Subway sandwich shop.

In 2012, Wesleyan started construction on several projects, including a new campus entryway and clock tower, the new United Methodist Church Central Texas Conference Service Center and renovation of the Polytechnic firehouse. Rosedale Street is undergoing $32 million in street improvements.

North Texas residential construction up while commercial lags

North Texas commercial construction contracts fell 27 percent in August from a year ago, but contracts for future residential construction rose 16 percent, according to the latest figures from McGraw Hill Construction.

Commercial contracts totaled $346.1 million last month. For the year to date, the contracts total $3.2 billion, down 23 percent from the same period a year ago, the report said.

Residential contracts totaled $961.2 million and $6.2 billion year to date, a 6 percent increase over the same months last year.

Transactions

2201 Dottie Lynn Parkway, Fort Worth

Home Instead Senior Care has leased 3,115 square feet of office space. Colt Power of NAI Robert Lynn represented the tenant.

1020 NE 12th St., Fort Worth

Murco Wall Products has bought a 22,184-square-foot office building. Todd Hawpe, Jeff Givens and Tracy Georges of Transwestern represented the buyer.

915 W. Belknap St., Fort Worth

915 W. Belknap Llc. bought an 11,525-square-foot industrial building from Blakeman Investments. Kirk Kelly of Transwestern represented the buyer.

2586 E. Long Ave., Fort Worth

Hallmark Tech has leased 12,000 square feet of industrial space. Todd Hawpe and Jeff Givens represented the landlord.

745 W. Hurst Blvd., Hurst

Industrial Mancave in Colleyville has bought a 79,000-square-foot industrial building from the limited partnership Hurst Texas RE in Bakersfield, Calif. Shane Strickland of Hudson Peters Commercial represented the buyer.

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