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Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

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T&P Warehouse: Historic building remains in limbo as area redevelops

For years, the historic T&P Warehouse on West Lancaster Avenue downtown, built in 1931 to house freight for the Texas Pacific Railway, has sat vacant and deteriorating.

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Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

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Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

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Glen Garden sale closes, distillery on tap

Firestone & Robertson Distilling Co. closed late Wednesday on its purchase of the historic Glen Garden Country Club in southeast Fort Worth, with plans to convert it into a whiskey distillery and bucolic visitor attraction.

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Coppell industrial sites sold

 

Coppell Commerce Center & Coppell Business Center

 

An affiliate of Lincoln Property Co. has purchased Coppell Commerce Center & Coppell Business Center.
The two industrial facilities comprise six, Class A buildings, which total 771,720 square feet and combined were 91 percent leased at the time of sale.
CBRE represented the seller, a global investment manager, on the sale and worked on behalf of Dallas-based Lincoln Advisory Group, an affiliated entity of Lincoln Property Company to arrange two permanent loans valued at $25.5 million through Allstate and Bank of America to finance the acquisition.
“Two differing acquisition strategies for the portfolio assets necessitated two unique loan structures and both Allstate and Bank of America stepped up to meet those needs. All parties provided for a clean, painless execution,” said Matt Ballard, vice president in CBRE’s Debt and Equity Finance group.
The six Class A, single story, multi-tenant industrial buildings were constructed between 1997 and 2000 are located in Coppell within the Dallas-Fort Worth Airport submarket, which is the most institutionally owned submarket in Metroplex. Coppell Business Center is located at 1405, 1421, 1441 and 1461 South Belt Line Road and Coppell Commerce Center is located at 1221 South Belt Line Road and 1234 Lakeshore Road.
Jack Fraker, Josh McArtor, Jonathan Bryan, and Heather McClain Venegoni marketed and sold the two industrial parks on behalf of the seller. The team of Scott Lewis, Matt Ballard and Patrick Benoist of CBRE’s Dallas office originated and secured the financing for the transaction on behalf of the borrower, Lincoln Advisory Group. 
 

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