Business

Industrial buildings sold to Crow Holdings

Industrial buildings in Arlington and Grand Prairie were among a 27-building portfolio in Dallas-Fort Worth and Houston bought by a fund of Crow Holdings Capital in Dallas.

Eight buildings are in Dallas-Fort Worth, including 2400 Centennial Drive in Arlington, and 1375 Avenue S and 1002 Avenue T in Grand Prairie.

The 27 buildings total 2.3 million square feet and were 95.6 percent leased at the time of the sale. The sales price was not disclosed.

Dallas-based Holliday Fenoglio Fowler brokered the deal for the seller, a partnership of Dallas-based Mayfield Properties and New York-based AllianceBernstein Real Estate Group.

Fewer paying cash when buying homes

Cash sales made up 34.4 percent of total home sales in Fort Worth-Arlington in February, less than the national average but slightly ahead of the rest of Texas.

Nationally, 37.9 percent of total home sales were made by cash, down from 40.6 percent in February 2014, CoreLogic reported.

Locally, the rate was down 4.9 percentage points from a year earlier. In Texas, cash sales were made in 33 percent of home sales.

The share of cash sales peaked in January 2011, when cash transactions made up 46.5 percent of total home sales nationally, CoreLogic said.

In another report from RealtyTrac, more than 1.5 million loans for single-family homes and condos were originated in the U.S. from January to March, up 17 percent from the year-ago quarter.

Total dollar volume of loans originated in the first quarter was $377 billion, up 32 percent from a year ago.

Transactions

4205 Stadium Drive, Fort Worth

Arundel Bicycle Co. leased 8,899 square feet in the Stadium Business Park. Jeff Givens and Tracy Georges of Transwestern represented the landlord, Tyler-Hamilton L.P.

2507 Dalworth St., Grand Prairie

Perma-Pier Foundation Repair of Texas leased 10,780 square feet of industrial space. Tony Schifano of Schifano Realty Group represented the tenant. Phil Rosenfeld and Jacob Goodman of Colliers International represented the landlord, Tarrant County Properties.

4100 Glenview Drive, Haltom City

Beautiful Shades of Blue Pool Service leased 6,500 square feet from Shawn and Louis Mackey. Sarah LanCarte of Transwestern represented the landlord.

238 N. Main St., Keller

The full-service locksmith Michael’s Keys bought this 4,050-square-foot building. Michael’s Keys also has locations in Colleyville, Burleson, Dallas and Fort Worth. Scott Lowe of Vision Commercial represented the buyer. Moore Matthews of KW Commercial represented the seller.

2851 E. Broad St., Mansfield

Methodist Mansfield Medical Center has pre-leased 5,598 square feet of medical space from Gary Alexander of Alexander General Surgery. Tom Ritter of Ritter and Associates Real Estate represented the landlord. Alexander is breaking ground this summer on a 15,000-square-foot medical facility.

Sandra Baker, 817-390-7727

Twitter: @SandraBakerFWST

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