Business

Frank Kent Motors owners buy another building on Magnolia Avenue

Will Churchill and his dog Hummer at Kent & Co. Wines on Magnolia Avenue in Fort Worth.
Will Churchill and his dog Hummer at Kent & Co. Wines on Magnolia Avenue in Fort Worth. Star-Telegram

Less than six months after opening Kent & Co. Wines on Magnolia Avenue on the city’s near south side, Will Churchill and Corrie Watson have acquired the building next door that once housed Mijo’s Fusion restaurant.

The two-story, 8,500-square-foot building at 1109 W. Magnolia Ave. was sold by Dwight Mitchell to the Churchill entity Jun Crown Properties, deed records show.

Will Martin, principal of W. Martin & Co. commercial real estate brokerage, said an attorney leases the top floor, but the ground level is for lease.

The Churchill group, owners of Frank Kent Motors in Fort Worth, bought 1101 W. Magnolia in 2013.

Senior housing project planned

Hillwood Properties has sold an 8-acre tract at the northwest corner of Amador Drive and Old Denton Road in north Fort Worth to South Bay Partners in Dallas, a development company that specializes in senior housing.

South Bay plans to build the 207-unit Watercrest at Alliance, expected to open in March 2016, according to its website. It also has Southlake developments.

South Bay financed the November land deal with a $2.6 million note from Frost Bank, deed records show.

Autobahn has new parking

Fort Worth-based general contractor Speed Fab-Crete has completed a 26,250-square-foot parking structure for Autobahn Motor Group’s BMW dealership at 2828 White Settlement Road.

Speed Fab-Crete said it has completed more than 300,000 square feet of new construction and renovation projects for Autobahn since 1996.

The parking structure is on the roof of Autobahn’s BMW new car showroom. It is linked to the adjacent Autobahn BMW pre-owned facility’s rooftop parking space by a new sky bridge.

Virginia firm buys medical buildings

Virginia-based Capital Square Realty Advisors, a real estate investment firm, has acquired medical office buildings in Arlington and Mansfield, both now leased to Arlington Orthopedic Associates.

The two-story Arlington building at 800 Orthopedic Way has 37,100 square feet of space. It was built in 2003 and is adjacent to Baylor Surgicare. The Mansfield property at 2801 E. Broad St. has about 12,560 square feet of space. The single-story building was developed in 2012 on the Methodist Mansfield Medical Center campus.

The buildings were sold Arlington Orthopedic Associates members.

Arlington office building sold

The Santa Fe, N.M.-based owner of the four-story office building at 4025 Park Springs Blvd. has sold the property to Transamerica Life Insurance Co., deed records show.

4025 Park Springs Associates, a unit of Rosemont Realty, bought the 30-year-old, 124,240-square-foot building in 1997. It was sold in November to the insurance company, based in Cedar Rapids, Iowa.

Transactions

2930 Bledsoe St., Fort Worth

The Miles Foundation bought this 11,700-square-foot building from KCP Bledsoe LP. Mike Ball with Michael Ball Realty represented the buyer. Craig Kelly with Kelly Capital Partners represented the seller in-house. The building’s largest tenant is Escalante Golf.

12201 Camp Bowie West, Fort Worth

JDB Endeavor bought this 5,000-square-foot former Majestic Liquor Store. The new owner will use the building for Vera Lee Garment Manufacturers and Woven Remembrance. Dick Myers and Chris Stewart with CBC Searcy Vasseur Group represented the seller, Feese Revocable Living Trust. Michael Newsome with NAI Robert Lynn represented the buyer.

3300 Lawnwood St., Fort Worth

4cp Investments bought this 15,000-square-foot building for a four-color press printing plant. Chris Stewart with CBC Searcy Vasseur Group represented the seller, Clang, Llc. Casey Tounget and Theron Bryant with CBC Alliance DFW represented the buyer.

108 Industrial Ave., Fort Worth

Executive Protective Systems, a 30-year-old home and business security business, has bought this 21,000-square-foot building from CM Partners, Llc. Gary Vasseur with CBC Searcy Vasseur Group represented the buyer. Grant Huff and Jim Sager with Transwestern represented the seller.

Sandra Baker, 817-390-7727

Twitter: @SandraBakerFWST

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