The Columbus, Ohio, office of Marcus & Millichap closed the sale of Advantage Storage, a 95,825-square-foot self-storage facility located in Arlington, Texas. Brett Hatcher and Gabriel Coe, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller. Tim Speck, Division Manager and Broker of Record, assisted in closing this transaction. Advantage Storage is located at 1040 West Sublett Road in Arlington. It is a new, class-A facility that features 469 climate-controlled units, 302 non-climate units and four warehouse spaces, totaling 95,825 net rentable square feet.

Transwestern Real Estate Services principal, Duane Henley, provides leasing services for the property at 1601 and 1603 Lyndon B Johnson Fwy., on behalf of the building ownership, Browning Place LLC. Paul Whitman and Pat McDowell with JLL represented Southwestern Health Resources. “As one of the leading healthcare groups in the Unites States, Southwestern Health Resources can add a collaborative space to its existing real estate portfolio for its employees to communicate and interact,” said Henley. “The property’s location in the Famers Branch area provides easy access to great amenities that tenants can enjoy.” Located in the epicenter of the Dallas-Fort Worth metroplex, Browning Place consists of four office buildings totaling 627,560 square feet. Within minutes of DFW International Airport, the buildings offer tenants an on-site bank, jogging trail, café, high-end fitness center and upscale Texas granite-clad lobbies. Combining the strengths of UT Southwestern Medical Center, Texas Health Resources and more than 5,000 faculty, affiliated and independent community physicians, Southwestern Health Resources offers the largest provider network in North Texas. Southwestern Health Resources selected the facility because of its central location for its approximately 900 employees and the space flexibility to meet the needs of the organization’s diverse workforce. Services range from care management, utilization and risk management, medical and data analytics, physician network operations, health plan services and support departments such as IT, human resources, marketing and finance. According to Transwestern’s Third Quarter Office Market Report, Dallas-Fort Worth is a leading metro in various rankings of office occupancy and return to workplaces, and after accelerating sharply in the first half of third quarter, new sublease listings slowed considerably in the latter half.

Transwestern Real Estate Services is the exclusive leasing agent for 319 Lipscomb Street, a 21,548-square-foot, two-story office building in Fort Worth. Rebranded as The Schoolhouse on Lipscomb, the site is the oldest standing school building in Tarrant County and was named to the U.S. National Register of Historic Places in 1983. Originally built in 1892 in the Richardsonian Romanesque style, the building served as the Stephen F. Austin Elementary School until 1977. Famed golfer Ben Hogan and actress Ginger Rogers both attended the school. After purchasing the building in 1980, Williamson-Dickie Manufacturing Co. renovated the space to use as its corporate headquarters until 2020, when the company moved to its current headquarters at 509 W. Vickery Boulevard. Transwestern principal Whit Kelly and associate Dallas Margeson represent the property owner. “This history-rich building offers a one-of-a-kind chance to lease a beautifully designed space in a submarket that has seen incredible growth in recent years,” said Kelly. “Opportunities for single or multi-tenant use are extraordinary, and the design of the schoolhouse only supplements the tenant experience within the unique space.” The campus features multiple expansive executive offices with private restrooms, conference rooms, a catering kitchen, walkable outdoor green space with room for amenities, original chalkboards in most offices and ample parking. Large arches framing the recessed entries are complemented by hardwood floors throughout the space, antique glass, original doors and wainscoting. “The Schoolhouse on Lipscomb served the needs of our employees for decades,” said Philip Williamson, former CEO of Williamson-Dickie, and a long-time Fort Worth native. “It is truly unique, has a fantastic feel and offers a glimpse into the past, while meeting all the needs tenants might require in today’s world. We are excited for the possibility of a new tenant enjoying the space, just as we did.”

Draper and Kramer, Incorporated has added to its national portfolio of multifamily properties with the purchase of Adriatica Senior Living, a 121-unit, amenity-rich rental community for active seniors in McKinney, Texas, a suburb located 30 miles north of Dallas. Terms of the transaction were not disclosed. Located at 375 Adriatica Parkway, Adriatica Senior Living offers large one- and two-bedroom units with luxury finishes. The community is part of Adriatica Village, a mixed-use development modeled after a Croatian fishing village with Mediterranean-style buildings, quaint cobblestone streets and a mix of boutiques, restaurants and entertainment within walking distance of residences. Draper and Kramer also owns and manages a neighboring multifamily property within Adriatica Village, St. Paul’s Square, which it acquired in 2019. “With our current presence not only in the Dallas market but also in Adriatica Village itself, this acquisition was a natural addition to our portfolio and aligns with our strategic focus on high-quality assets in growth markets,” said Blas Puzon, chief investment officer with Chicago-based Draper and Kramer. Built in 2017, Adriatica Senior Living offers units ranging from 806 to 1,370 square feet. Apartments feature open plans with nine-foot ceilings, plank-style flooring in living rooms, plush designer carpet in bedrooms, built-in bookshelves, crown molding and private patios or balconies. Gourmet kitchens have granite countertops and stainless-steel appliances. Select units also have deep soaking Roman tubs with a separate shower, kitchen pantries, linen closets and double sinks. All residences offer a connection for a full-size, in-unit washer/dryer. Common area amenities include a community dining room, resident lounge for socializing, beauty salon, business center, movie room, wellness studio and game room. In addition, there is a private covered garage for all residents. As part of the acquisition, Draper and Kramer will assume management of Adriatica Senior Living. One of the largest property management firms in Chicago, Draper and Kramer has a residential management portfolio of more than 8,000 rental units across Chicago, Dallas, St. Louis and San Antonio. The Dallas-Fort Worth-Arlington metropolitan area grew by 1.2 million people between 2010 and 2019, more than any other U.S. metro area, according to the U.S. Census Bureau. “With baby boomers retiring by the millions each year, luxury senior rental housing remains a smart investment,” Puzon said. “Adriatica Senior Living is a Class A property, offering beautiful finishes and rich amenities as well as a walkable lifestyle not always easy to find in the suburbs. We think its attractiveness, plus the synergies we will realize in owning and managing both it and St. Paul’s Square, will make this a very solid investment.” Adriatica Senior Living is Draper and Kramer’s fifth acquisition in Texas, where in addition to St. Paul’s Square, the company also owns and manages Crest at Las Colinas Station, a 374-unit luxury rental community in Irving, a northwest suburb of Dallas, as well as two luxury multifamily properties in the popular Stone Oak area of San Antonio: The View at Encino Commons, a 324-unit rental community, and Sonterra Blue, a 342-unit apartment property.