Business

Burleson shopping center sold to local investor group

A Burleson shopping center was recently sold to Bloomfield Frontline Burleson Retail Llc., a syndication partnership set up by managing partners and local real estate brokers and investors Steve Fithian and Thomas K. Wilson.

The 17,860-square-foot center, 1055 SW Wilshire Blvd., was sold by SPCP Group VI Llc. Built in 2008, it has tenants Cato Fashions, Shoe Show, Fred Loya/Rodney D. Young Insurance, World Finance Corp. and Perla Dental.

Fithian is of Sperry Van Ness/Visions Commercial and Wilson is of Wilson Investment Properties. Clint Montgomery of Sperry Van Ness/Visions represented the shopping center seller.

Real estate syndication investing is a way for investors to pool their money to buy properties, of each investor owning a percentage of the shares in the property.

“Because the Texas market is booming, it’s becoming more of a challenge for investors to individually find quality investments,” Fithian said. “As a result, syndication investing is becoming popular because it enables an investor to participate in larger and higher-quality investments that they wouldn’t be able to participate in on their own.”

Roofing firm buys property

Ramon Franklin Llc. has bought a three-building office/warehouse property at 117 Roberts Cut Off Road in west Fort Worth to expand its commercial roofing and architectural sheet metal business.

The 15,500-square-foot, 1-acre property, which will undergo significant renovation, was sold by Chapel Heights Properties. The property was developed in 1970 for single-family use and changed through the years to commercial use.

Ramon Franklin’s operations now are at 3027 Ramona Drive.

Theron Bryant and Casey Tounget of CBC Alliance DFW represented the buyer. Dale Erwin of Keller Williams Commercial represented the seller.

Transactions

3321 W. Park Row Drive, Arlington

Dallas West International Church closed its deal in February to buy Trinity United Methodist Church’s property on Park Row Drive. Dallas West had leased the property since May 2013. Gene Livens of Service Realty negotiated the deal.

1701 River Run, Fort Worth

Pax & Parker clothing boutique has leased 1,400 square feet in Trademark’s WestBend development off South University Drive near the Trinity River Clear Fork. The shop is scheduled to open in the fall. Trey Neville of Transwestern represented the tenant.

1001 NE Loop 820, Fort Worth

Williams-Hayward Protective Coatings of Summit, Ill., has leased 29,465 square feet in the Northbrook Business Center. Sarah LanCarte, Jeff Givens and Tracy Georges of Transwestern represented the landlord.

6702 Davis Blvd., North Richland Hills

Recoja Charitable Productions has leased 4,819 square feetfrom William Guest Family Ltd. Frank Jester of Transwestern represented the tenant.

3479 Lovell Ave., Fort Worth

Howell Instruments has sold a 1.76 acres to Fort Worth Lodging. Kyle Poulson, Jack Huff and Kirk Kelly of Transwestern represented the seller.

Sandra Baker, 817-390-7727

Twitter: @SandraBakerFWST

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