ClearWorth Capital has purchased the Renaissance Parc apartments at the Dallas North Tollway and Verde Valley in Far North Dallas. The 294-unit apartment community is adjacent to the Village on the Parkway shopping center. Jay Gunn with Berkadia brokered the sale with the help of Chris Mendenhall at ClearWorth Capital. Nathan Stone and Brad Mason with Berkadia provided financing. ClearWorth Capital is an independent real estate investment firm that owns more than a dozen properties in Texas.
I-20 Industrial LP purchased 14.6 acres from HCH Farms Ltd. of Dallas at 34980 LBJ Freeway in Dallas. HSM Equity Partners will build a 15,540-square-foot facility for OTR Fleet Service, a provider of maintenance services for commercial vehicles. OTR is relocating from Forney. Huntley Luna and Nick Robinson at Henry S. Miller Brokerage brokered the sale with Tom Clarke with Transwestern. Mark Smith Sr. of HSM Equity Partners will develop the facility.
Khop Management has purchased 1426 N Riverfront Blvd., a 4,265 square foot building in the Dallas Design District. The building will be the home of Kirk Hopper Fine Art and was sold by Quadrant Investment Properties. Matthew Otte of Whitebox Real Estate brokered the sale. The lease was arranged by Christy Thelen, Trey Smith, Ward Eastman and Lauren Napper of Cushman & Wakefield.
An investor has purchased the Bocks Board Packaging building, a 69,750-square-foot industrial property at 1520 East Wintergreen Road in Hutchins. Adam Abushagur and Sam Martin of Marcus & Millichap brokered the sale.
An investor has acquired a freestanding 2,866-square-foot Burger King on a 29,980-square-foot site located at 2215 W. University Drive in Denton. Matthew Rosenfeld with Weitzman handled negotiations.
A Dallas investor purchased the Bonita Gardens Apartments, a two-story 138-unit rental community located at 3410 Fordham Road in Dallas. Mark Allen and Courtland Charles of Colliers International