Business

Grapevine real estate investment firm partners to buy San Antonio medical building

Grapevine-based 2GR Equity, a real estate investment firm, has joined with Equity Inc., an Ohio-based real estate development company, to buy a San Antonio surgical hospital and medical office building.

The 11-acre property includes the 48,000-square-foot, 28-bed Methodist Ambulatory Surgical Hospital as a tenant and 118,000 square feet of office space.

Equity will oversee some building upgrades, as well as managing and leasing the property out of its regional Austin office.

2GR is also in a joint venture investment for developing a 138-room Hilton Garden Inn in San Antonio. The company has invested $145 million in 15 properties since it was founded in 2011.

Area negative equity rate drops

A little over 9 percent of all homeowners with a mortgage in Dallas-Fort Worth are underwater on their loans, according to the Zillow website.

In its third-quarter report released last week, Zillow said 99,030 of all homeowners owe more on their house than it’s worth. A year ago, the negative equity rate was 13 percent, it said.

Nationwide, the negative equity rate fell to 16.9 percent in the third quarter, down from a peak of 31.4 percent in the first quarter of 2012, Zillow said. That rate is expected to drop to 15.2 percent a year from now.

Roughly 8.7 million homeowners remain trapped underwater on their mortgages, Zillow said.

“The market has made terrific strides since bottoming out in late 2011 and early 2012,” said Stan Humphries, Zillow’s chief economist.

Aqua-Tots Swim School opens in Alliance

Aqua-Tots Swim Schools has opened a facility in Fort Worth’s Alliance area.

The school, at 3529 Heritage Trace Parkway, is across from Alliance Town Center. The center is taking reservations for swim lessons that will begin in January.

The indoor facility features a nearly 19-by-9-yard heated pool with a viewing area with free Wi-Fi for parents, changing rooms for swimmers, a play area for children not participating in lessons, and a snack bar and retail area.

Aqua-Tots Fort Worth is owned by Kerin and Tim Morgan. Kerin Morgan is a former University of Texas swimmer. They also have two Virginia locations.

Transactions

6600 North Freeway, Fort Worth

Jakes Uptown burgers leased 5,000 square feet in Western Center for its second Fort Worth restaurant. Gretchen Miller of the Weitzman Group represented the shopping center. Dennis Leibovitz of the Retail Connection represented the restaurant.

137 Sycamore School Road, Fort Worth

MS Energy Services has leased 1,800 square feet of office space in the Sycamore Building from A&J Partnership. Judy Nitzinger of Coldwell Banker Commercial Alliance DFW represented the landlord. Mica Puryear of AngMar Realty represented the tenant.

3900 Benbrook Highway, Fort Worth

FitMarc, a fitness and wellness consultant, has leased 9,600 square feet of warehouse space from Tarantula Investments Group. Dawn Gazaway-Potthoff of Coldwell Banker Residential NRT represented the tenant. Eric Vickers of Colonial Commercial represented the landlord.

1717 S. Main St., Fort Worth

Health Education Learning Project has leased 2,708 square feet of office space from Old Fort Worth Redevelopment. Chris Hightower of ReMax Pinnacle represented the tenant. Dawn Gazaway-Potthoff of Coldwell Banker Commercial NRT represented the landlord.

5524 Midway Road, Fort Worth

Norma Stone has leased 2,250 square feet for a floral wholesale business. Jim Eaton of Ron Sturgeon Real Estate represented the landlord.

4104 Clay Ave., Haltom City

DNG Construction has bought this 12,800-square-foot building from Rae Properties. Steve Trine of Trine Realty represented the buyer. Nathan Vasseur and Gary Vasseur of Coldwell Banker Commercial Searcy Vasseur Group represented the seller.

816 Keller Parkway, Keller

The Missing Piece Autism Therapy Center has leased 3,180 square feet of office space from Hahei Ltd. Dawn Gazaway-Potthoff of Coldwell Banker Commercial NRT represented the tenant. Rachel Williams of Office Equity Solutions represented the landlord.

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