Marcus & Millichap facilitated the sale of an 8,000-square foot Davita & Great Expressions Dental office property located in Granbury, Texas, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $2,231,000. Dominic Sulo, first vice president, and Brett Winger, associate, and investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. Tim Speck assisted in closing this transaction as the broker of record in Texas. The asset is located at 1200 Paluxy Road in Granbury, at the corner of US Highway 377 and Paluxy Road. A buyer was procured in the first week of marketing and closed in the midst of COVID-19.

Marcus & Millichap brokered the sale of the Caliber Collision headquarters, a two-story, 80,038-square-foot Class A office complex in Lewisville, Texas. “This is a legacy site surrounded by other notable company headquarters in a northern Dallas/Fort Worth submarket,” said Alvin Mansour, executive managing director investments, The Mansour Group of Marcus & Millichap. “Caliber Collision, the nation’s largest and leading auto collision repair operator, is on a long-term absolute net lease. Again, we see quality, net-leased investments weathering recent turbulence in the market.” Mansour and Kevin Mansour represented the seller and procured the buyer, who completed a 1031 exchange with the sale of a multifamily property in southern California. Built in 2006 on a 5.8-acre lot and renovated by Caliber Collision in 2018, the property is less than 25 miles north of Downtown Dallas, surrounded by other major corporate headquarters such as AT&T, American Airlines, GameStop, Southwest Airlines and many more. The Music City Hall and Grapevine Mills shopping malls are close by, as are major employers Xerox, Bed Bath & Beyond, FedEx Freight, Sysco and Kellogg’s. The city of Lewisville is served by three major transportation corridors—Interstate 35E, President George Bush Turnpike, State Highway 121—and has three commuter rail stations that tie into the Dallas Area Rapid Transit system.

Marcus & Millichap brokered the sale of a 13,720-square-foot, net-leased property located in Greenville, Texas, according to Steven Ross Chaben, regional manager of the firm’s Detroit office. The asset sold for $2,705,000. Ashish Vakhariya, Darin Gross and Seth Haron, investment specialists in Marcus & Millichap’s Detroit office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by Gabriel Britti, Ricardo Esteves and Ronnie Issenberg, investment specialists in Marcus & Millichap’s Miami office Regional Manager, Broker, assisted in closing this transaction. Located at 5010 Wesley Street in Greenville, the building is situated on a 1.93-acre lot. The tenant, CVS Pharmacy, had 11 years remaining on their absolute-net lease term, guaranteed by CVS Health Corporation.

Stream Realty Partners announced that Seth Koschak and J.J. Leonard have been named as partners within the Dallas/Fort Worth office. In 2009, Koschak joined the industrial team at Stream’s headquarters office. In 2015, Koschak left the Dallas office to open Stream’s Forth Worth office as the managing director. The Fort Worth office has excelled over the last five years, resulting in more than 12 million square feet of new office and industrial business including some of the most recognizable projects in Fort Worth, such as the Frost Tower Fort Worth and numerous Class A ground-up industrial developments. “We are excited to see Seth further grow our platform and current business in Fort Worth, while also expanding our service offerings within that market,” said Blake Kendrick, managing partner of Stream’s Dallas/Fort Worth office. “Seth has consistently excelled during his tenure at Stream, and we can’t wait to see what he accomplishes in the future.” Leonard joined Stream’s Dallas office in 2015 and currently oversees the office leasing team where he has played an integral role in growing the portfolio from 8.1 million to 16.1 million square feet. The portfolio growth is inclusive of size and quality, 85 percent representing Class A product, with buildings like Chase Tower, Pinnacle Tower, The Colonnade and KPMG Plaza. “J.J.’s leadership, diligence and dedication to a well-organized and empowered team will no doubt enable this trend to continue,” said Kendrick. “We are thrilled to announce that he has made partner and look forward to seeing his continued success in growing our office leasing platform.”

Stream Realty Partners and Barings announced the lease renewal of Andersen Regional Manufacturing, Inc. at Gateway East Distribution Center. Ryan Wolcott, vice president of Stream’s Dallas industrial division, and Matt Dornak, managing director of Stream’s Dallas industrial division, brokered the lease on behalf of the landlord, Barings. Gary Collett with Cushman Wakefield represented the tenant, Andersen Windows. “We are pleased to work with an excellent tenant like Andersen Regional Manufacturing, Inc. and to continue the tenant and landlord relationship at Gateway East Distribution Center,” said Bob Whitney, managing director at Barings. “Gateway East Distribution Center provides exceptional opportunities for prestigious tenants like Andersen.” Located at 3801 Regency Crest in Garland, Texas, Gateway East Distribution Center has been home to Andersen Windows’ DFW distribution center for 16 years. In their renewal, Andersen re-leased the entire building, which consists of over 223,000 square feet of industrial warehouse/distribution space. “With access to one of the most robust labor forces within North Texas, Garland continues to be a leader for manufacturers across the DFW Metroplex,” said Wolcott. “We are confident this location will continue to promote Andersen’s continued growth across the market.”