I.M. Terrell

Fort Worth Business obtains some of its Real Deals content through a partnership with Xceligent Inc., a commercial real estate research firm.

I.M. Terrell School has entered a new phase, with the historic campus set to house the Fort Worth Independent School District’s Visual and Performing Arts Academy and Science, Technology, Engineering and Math Academy.

Fort Worth school officials on broke ground March 4 at the campus at 1411 I.M. Terrell Circle S., currently an elementary school. The first students in the high school academies are expected to begin classes there in August 2017.

When operating as a high school during the era of segregation, I.M. Terrell was the city’s all-black public high school.

The $55.8 million in renovations are funded with bonds approved by voters in the school district’s 2013 capital improvement program.

“This design is cutting edge and incorporates all the thoughts and ideas of all our stakeholders,” said Jacinto Ramos Jr., school board president, at the groundbreaking.

The new campus design incorporates both the existing buildings and new elements to create what district officials call a new “sense of place.”

The new building will encompass about 65,000 square feet split between two levels. The main auditorium and stage occupy the center of the building, with about 300 seats in the balcony and 600 on the floor.

The existing I.M. Terrell building underwent extensive renovations in 2007. Its auditorium will remain unchanged, except for lighting and sound system upgrades.

The arts and sciences academies will serve grades 9 through 12, with grades phased in starting with ninth grade the first year. One grade level will be added per year. The campus is expected to accommodate as many as 800 students, initially about 500 VPA students and 300 STEM students.

The existing elementary school and the technology and testing departments will be relocated.

The project architect is Corgan Associates, with Con-Real Turner providing pre-construction services.

BEDFORD RETAIL CENTER SOLD

Bedford Meadows has been sold, with a private investor purchasing the Bedford retail property at 2816-2828 Central Drive.

Philip Levy of Marcus & Millichap Real Estate Investment Services’ Fort Worth office marketed the property on behalf of the seller, a limited liability company. The buyer also was secured by Levy.

The 41,205-square-foot retail center is 61 percent occupied. Among its tenants are Colors to Cocktails Sip & Paint Art Studio, Jenny's Nail Spa, Planned Parenthood of North Texas, Karate for Kids, Danny’s Celtic Pub, Just for Kids and Salon 7. The building underwent major improvements in 2012, six years after opening, and sits on 5.13 acres.

SALES

Local investor Jennifer Pool has sold a 3,050-square-foot industrial building on a 0.85-acre lot at 5901 Parker Henderson Road in Fort Worth to Adder Minnis LP. Chris Mendez of Coldwell Banker Commercial Alliance DFW represented the seller. Todd Hawpe of Transwestern Dallas represented the buyer.

A 14,000-square-foot industrial and warehouse building at 310 Rogers Road in Irving has been sold. Lane Kommer of Henry S. Miller Brokerage’s investments/land division brokered the sale. The property is intended for additional parking for the second location of a country dancing, live entertainment and dining venue. The property was purchased from Lorac Real Estate.

CS Holdings Inc. has sold 8.2 acres of commercial property at 9860-9900 Crowley Road in Crowley to Jesus and Margarita Ibarra. Nick Talley and Colton Wallis of Bradford Commercial Real Estate Services represented the seller in the direct deal.

A 30-acre, single-family development at 5401 Collin McKinney Parkway in McKinney has been sold to an unnamed buyer.

LEASES

CSC Sugar has leased 91,000 square feet at 1901 Windsor Place in Fort Worth. Robert Sawyer of Formation’s Real Estate represented the tenant. Ryan Wood of Conti Warehouses represented the landlord.

Czar Operating has leased 2,811 square feet at One Ridgmar Centre, 6500 West Freeway in Fort Worth. Phil Sandlin and Christine Teagle of NavStar Commercial represented the landlord.

N&L Foot Spa has leased 2,506 square feet at Mansfield Highlands, 26 E. Debbie Lane in Mansfield. Ron Levy and Jake Wolhford of Emersons Commercial Management represented the landlord.

Mansfield Flooring has leased 1,983 square feet at Walnut Creek Plaza, 900 N. Walnut Creek Drive in Mansfield. Troy Morgan and Eric Deuillet of Structure Commercial represented the tenant and landlord.

Nationwide has leased 2,506 square feet at Mansfield Highlands, 26 E. Debbie Lane in Mansfield. Ron Levy and Jake Wolhford of Emersons Commercial Management represented the landlord.

Smash Burger has leased 2,224 square feet at The Village at Ballpark, Building A, 2150 E. Lamar Blvd. in Arlington. Jon McDaniel and Cameron Haddad of NAI Robert Lynn-retail division represented the landlord.

ELFS has leased 25,304 square feet at Prologis Hanover, 801 Hanover Drive in Grapevine. Gil Stroube and Oscar Couto of Lincoln Property Co.-Dallas represented the landlord.

Out of the Garden has leased 10,000 square feet at 1201 Minters Chapel Road, Building 3 in Grapevine. Tim Lancaster of TLC Realty represented the landlord.

Soulcare Counseling Services has leased 1,623 square feet at 1706 Tennison Parkway in Colleyville. Robin Francis Baker of SVN-Trinity Advisors represented the tenant. Erik Blais of Bradford Commercial Real Estate Services-Fort Worth represented the landlord.

Icon Creative has leased 1,500 square feet at 7901 Boulevard 26 in North Richland Hills. Dave Valdez of ICB Properties LLC represented the landlord.

Gas Technology Corp. has leased 1,976 square feet of office space at The Meridian at 1425 Greenway Drive in Irving. Mike Dement of Altschuler & Co. represented the tenant, with Ward Eastman and Layne Mayfield of Cushman & Wakefield representing the landlord, CREA Investments.

R2 Technologies has leased 1,365 square feet of office space in Preston Park Financial Center, 4965 Preston Park Blvd. in Plano. Jonathan Hill of Morrow Hill represented the tenant, with Clint Madison and Rodney Helm with Cushman & Wakefield representing the landlord, CREA Investments.

Promos Ink Inc. has leased 24,745 square feet of warehouse space in Marsh Business Park West, Building 3, 1215 Marsh Lane in Carrollton from GIJV TX 2 LLC. Susan Singer and Brock Wilson of Bradford Commercial Real Estate Services represented the landlord. Eric Crutchfield of Stream Realty Partners DFW LP represented the tenant.

Southwest Fastener has leased 8,165 square feet at Parkway Distribution Center, 801-831 S. Great Southwest Parkway in Grand Prairie. Kacy Jones, Steve Koldyke and Brian Gilchrist of CBRE-Dallas represented the landlord.

Allied Insulation has leased 8,050 square feet at Parkway Distribution Center, 801-831 S. Great Southwest Parkway in Grand Prairie. Kacy Jones, Steve Koldyke and Brian Gilchrist of CBRE-Dallas represented the landlord.

Stockton Telecommunications has leased 1,625 square feet at Post & Paddock Place, Building 5, 1000 Post and Paddock St. in Grand Prairie. Corby Hodgkiss of Mercer Co. represented the landlord.

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