Business

Arlington school district buys office building off Lamar Boulevard

Arlington ISD will consolidate offices at the Enterprise Center office building near Interstate 30 and Lamar Boulevard.
Arlington ISD will consolidate offices at the Enterprise Center office building near Interstate 30 and Lamar Boulevard.

After leasing space in the building for two years, the Arlington school district has bought the Enterprise Center office building near Interstate 30 and Lamar Boulevard, where it will consolidate offices.

The district paid $6.9 million for the five-story, 92,050-square-foot building. It bought the property from Investors Warranty of America in Cedar Rapids, Iowa, which had owned it since 2010.

The school district first leased about 28,590 square feet and increased its lease to take about a third of the building, spokeswoman Leslie Johnston said.

About 25 percent of the building is unoccupied, and the remainder is leased to other tenants. Johnston said the district will honor those leases, some of which have renewal options, but the district intends to consolidate departments in schools and other facilities in the building.

Arlington hospital expanding

Medical Center of Arlington is spending about $28 million to expand its emergency room, intensive-care units and outpatient therapy area.

Spokeswoman Deborah Su said the hospital will add a second floor to an existing wing, with about 15,000 square feet, to expand the ICU by 16 beds. The hospital is expanding its interventional neurology department to handle more head trauma cases.

Medical Center of Arlington, 3201 Matlock Road, will also add 3,000 square feet to its 18,230-square-foot emergency room, she said.

Work should begin in June and take about a year to complete, Su said.

The facility, which opened in 1976 as Arlington Community Hospital, last expanded six years ago with the addition of the Women’s Tower. The 326-bed hospital is one of 11 in North Texas that are part of Nashville-based Hospital Corporation of America, or HCA.

Southlake care facility acquired

Dallas-based Silverado, a provider of home care, memory care assisted living and hospice services in six states including Texas, said it is assuming management of the 56-bed Silver Ridge senior community in Southlake on June 1.

The property, 2001 E. Kirkwood Blvd., was developed in 2013. It will become Silverado Southlake.

The property includes a 39,000-square-foot, single-story building and expansive outdoor space. Silverado said it plans to develop an additional 22-bed community on 1 acre of the property.

Silverado was founded in 1996. With the Southlake addition, it will have five memory-care facilities in Dallas-Fort Worth.

Transactions

8424 Lakewood Hill, Fort Worth

1-800 Flowers leased 1,700 square feet of retail space in the Parkwood Hill shopping center. Roger Smeltzer of Vision Commercial represented the tenant. Donald Silverman of MQ Development Partners represented the landlord.

5704 Airport Freeway, Fort Worth

Walden Family Partnership sold a 25,000-square-foot building to Tarrant Tierra Partners. Todd Hawpe and Leland Prowse of Transwestern negotiated the transaction.

777 Main St., Fort Worth

Forshey & Prostok leased 5,373 square feet of office space. Whit Kelly of Transwestern represented the landlord, F7 SSSM Llc.

801 Ozona Ave., White Settlement

Traylor Investments Ozona sold a 45,200-square-foot industrial building to Kuba-Tech Industries. Todd Hawpe and Davy Wright of Transwestern represented the seller.

Sandra Baker, 817-390-7727

Twitter: @SandraBakerFWST

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