Sales
A McKinney office building has been sold to a local investor. The 48,304-square-foot Heritage Premier building is located at 1575 Heritage Drive. Built in 2006 near U.S. Highway 75, the three-story property was about 95% occupied at sale. Avison Young’s Susan Gwin Burks, Bruce Butler, John Bowles and Philip Boren brokered the sale by Dallas-based PAR Capital With Bill Cox of Carey Cox Co.
California-based Archway Equities has sold Harmony Apartments, a 616-unit apartment community on Plum Lane in Arlington to Aspen Capital Group. Archway acquired the rental community as part of a six-property acquisition in 2019. Harmony Apartments was marketed for sale by Drew Kile, Joey Tumminello, Michael Ware and Asher Hall at Institutional Property Advisors.
Uptown Players, a local theater group, has purchased a 3,922-square-foot building at 1327 Motor Circle in Dallas to use for its new offices, rehearsal space, set construction and a costume shop. Since 2010, Uptown Players has been a primary tenant in the Kalita Humphreys Theater where it has performances. Eliza Solender of Solender/Hall brokered Uptown Players’ building purchase with Transwestern’s Paul Wittorf, Kim Brooks and Laney Delin. The building was acquired from Quadrant Investment Properties.
Dallas-based Leon Capital Group has purchased the Adell Group manufacturing facility located at 200 Adell Blvd, in Sunnyvale. The industrial property on U.S. Highway 80 is east of Dallas. Collier International’s Andrew…
