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Real Deals: Allegiance Title movingJune 6, 2014
The Fort Worth Business Press obtains some of its Real Deals content through a partnership with Xceligent Inc., a commercial real estate research firm.
Allegiance Title moving to Commonwealth Center
Allegiance Title Co. plans to relocate its Arlington office to Commonwealth Center in August.
The Dallas-based title company has leased 2,587 square feet on the center’s first floor at 4200 S. Cooper St. The 35,917-square-foot office building is now 71.7 percent leased, with 10,176 square feet remaining on the second floor.
The lease sees Allegiance relocate from its second-floor space at 3901 Arlington Highlands Blvd.
“There are other office buildings in the area, but not right at the intersection of Cooper and [Interstate] 20,” said Judy Nitzinger of Coldwell Banker Commercial Alliance DFW in a news release.
“Allegiance Title wanted location and first-floor space, which is what Commonwealth Center had to offer,” said Nitzinger, who represented the landlord, Hung Enterprises LLC, in the transaction.
With the new lease, Nitzinger has backfilled the entire 3,993 square feet that Comerica Bank gave back last year when it downsized in the building. The Class B office building houses a mix of professional tenants, including Coldwell Banker Residential, Entrust Energy, Farmers Insurance Co. and the bank.
Representing Allegiance Title in the transaction was Bailey Anderson of CBRE.
Citadel Partners’ Jessen, Morse inducted
Scott Jessen and Scott Morse, managing partners of Dallas-based real estate advisory firm Citadel Partners LLC, have been named Society of Industrial and Office Realtors designee members.
The designation is given to what the Society considers the most knowledgeable, experienced and successful commercial real estate brokerage specialists.
“We are proud and excited to be a part of the SIOR [Society of Industrial and Office Realtors] and to join this group of prestigious real estate professionals practicing around the world,” Jessen said in a news release.
“Joining SIOR has been a goal of ours for a while and is something we consider important in order to advance our professional expertise,” Morse said.
The Society of Industrial and Office Realtors is a professional commercial and industrial real estate association. It serves more than 3,000 members in more than 630 cities in 34 countries.
Those eligible to apply for SIOR designation must meet specific revenue production requirements, industry tenure and be actively engaged as an industrial or office real estate professional.
Citadel Partners specializes in corporate tenant and investment advisory services.
All Storage White Settlement Ltd. has purchased 156,660 square feet for an undisclosed price at 101 Jim Wright Freeway in Fort Worth, according to Xceligent Inc. Representing the seller, PDX Inc., in the transaction was John Casburn of Coldwell Banker Commercial Searcy Vasseur Group-Fort Worth.
B&B Cockrell LLC has purchased 2,280 square feet at 3701 Cockrell Ave. in Fort Worth, according to Xceligent Inc. Representing the buyer in the $300,000 transaction was Transwestern-Fort Worth, with Chris Stewart of Coldwell Banker Commercial Searcy Vasseur Group-Fort Worth representing the seller, E&J Wilson LP.
Clover III Properties LP has purchased 4,920 square feet at 5128-5136 W. Vickery Blvd. in Fort Worth, according to Xceligent Inc. Representing the seller, 109 Partners LLC, in the $375,000 transaction was Kirk Kelly of Transwestern-Fort Worth.
Fastenal Co. has leased 9,625 square feet at Railhead Business Station, 500 Railhead Road in Fort Worth, according to Xceligent Inc. Representing the tenant in the transaction was Corby Hodgkiss of Mercer Co., with Nick Talley of Bradford Commercial Real Estate Services-Fort Worth representing the landlord, Sun Life Assurance Co.
Stage Works has leased 31,600 square feet at 1950 Samuels Ave. in Fort Worth, according to Xceligent Inc. Representing the tenant in the transaction was Henry S. Miller, with Todd Hawpe of Transwestern-Fort Worth representing the tenant, Taylor Investments Samuel LLC.
Continental Reliability has leased 1,000 square feet at 2527 Minnis Drive in Haltom City, according to Xceligent Inc. Representing the landlord in the transaction was Ed Runyon of WFR Properties.
My Fit Body Boot Camp has leased 5,397 square feet at Oakhollow Business Park, 1202-1220 W. Corporate Drive in Arlington, according to Xceligent Inc. Representing the tenant in the transaction was Judy Nitzinger of Coldwell Banker Commercial Alliance DFW, with David Dunn of Sperry Van Ness-Dunn Commercial LP representing the landlord, Classic Property Management.
Mercy Me has leased 9,677 square feet at 2212-2222 Commerce Drive in Arlington, according to Xceligent Inc. Representing the landlord, Greenbriar Holdings Houston, in the transaction were Dan Lawson and Chris Bly of Proterra Properties Inc.
Manara Academy Inc. has leased 24,986 square feet at Arlington Place, 6101 S. Collins St. in Arlington, according to Xceligent Inc. Representing the tenant in the transaction was Michelle Hudson of Hudson Peters Commercial, with Jason Morahan and Ryan Cox of RealSpace representing the landlord, Dockside Threading Inc.
Adept Hospital Group has leased 1,058 square feet at Copeland Tower, 1250 E. Copeland Road in Arlington, according to Xceligent Inc. Representing the landlord, Wf Tower Dallas LLC, in the transaction were Matt Carthey and Geoff Shelton of Holt Lunsford-Fort Worth.
Canales Furniture has leased 5,192 square feet at 1301 N. Highway 287 in Mansfield, according to Xceligent Inc. Representing the landlord, Supreme Properties, in the transaction was Marshall Ballard of Ballard Brokerage Advisory LP.
Ice Monkeys has leased 1,365 square feet at 2501 N. Main St. in Euless, according to Xceligent Inc. Representing the landlord, New JBK Corp., in the transaction was Bill Hervey of W.A.H.–Tex Realty Services Inc.
Capital Assurance has leased 1,005 square feet at City National Bank Building, 315 Houston St. in Fort Worth, according to Xceligent Inc. Representing the landlord in the transaction was William Booker of Sundance Square Management.
William F. Robertson & Associates has leased 1,188 square feet at Western Place I, West Tower, 6100 Western Place in Fort Worth, according to Xceligent Inc. Representing the landlord, ARPT Western Place Owner LLC, in the transaction was Geoff Shelton of Holt Lunsford-Fort Worth.
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