Spine Cracking Deal
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| Spine Team Texas purchased the 6k SF 290 Miron Dr. in the Miron Grove Office Park in Southlake. The buyer plans to relocate and expand its current ambulatory surgery center. Located off of FM 1709 south of Southlake Town Square, the development consists of five buildings ranging in size from 3k to almost 6k SF, and is adjacent to Texas Health Harris Methodist Hospital Southlake. Realty Capital Corp. VP Tim Coltart says there is just one building left (in shell form) in Phase 1 of the development. Two other buildings at Miron Grove are leased with a newly finished out-office space of almost 2k SF ready for immediate occupancy. RCC Miron Office, the seller, was repped by Realty Capital Corp.'s Mark Boone. | ||
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Leases Structure Commercial worked three leases including:
*** CB Richard Ellis leased more than 1M SF in DFW area and out-of-state deals. Among the transactions:
*** Five Guys Burgers and Fries signed a lease at 6420 N. MacArthur at the NEC of MacArthur and Royal. *** Sigma Relocation Group renewed almost 10k SF and added almost 4k SF of office space in Regent Place at 1304 Walnut Hill Lane in Irving. Bradford Commercial Real Estate Services SVPs Sharon Friedberg and Melanie Hughes and Sunwest Real Estate Group's Marc Grossfeld represented the landlord, Regent Place. Stream Realty Partners' Kyle Jacobs represented the tenant. *** Screw Top Media leased 3k SF at 100 E. Royal Lane in Irving. Peloton Commercial Real Estate represented the landlord. *** Gaedeke Group VP Belinda Dabliz worked two deals, repping her own firm as the landlord in the 7k SF lease by Andres Construction Services in Regency Plaza at 3710 Rawlins St. in Dallas with McLeod Zei's Bill Zei repping the tenant. The other deal is a 4k SF lease by Sanders & Co. also in Regency Plaza. *** Jones Lang LaSalle's Dallas agency leasing team secured 22 office space leases totaling almost 53k SF. Among the deals are several negotiated by SVPs Jeff Eckert and James Esquivel:
At One Energy Square, SVP Sandie Matejek and associate Matt Samler negotiated a total of almost 6k SF on behalf of Younan Properties with leases for Neofirm, Crescent Oil & Gas (Jackson Cooksey's Mike Quint represented the tenant), TSC Oil & Gas (with Mike Quint again repping the tenant), Lewis Operating Co., Martha Ann Schneider, Spence Energy Square, and JR Woodley Ranch Real Estate. Sandie and Matt also repped deals for Younan Properties and ECOM Real Estate Management with leases to Cowboys & Indians(Newmark Knight Frank's Kyle Jett and John Shaunfield represented the tenant), Terry Cross (Stream Realty's David Cooke represented the tenant), Queen Biel Fissette PC (Newmark Knight Frank's John Shaunfield represented the tenant), and Pierpoint. *** Cushman & Wakefield of Texas inked three leases. SolarCity Corp. leased 14k SF of warehouse space in the Lombardy Distribution Center at 10430 Shady Trail in Dallas. Cushman's Mark Collins and Kirk Collins represented the tenant. Lincoln Property is the landlord and was represented by Gil Stroube. Manchester Tank & Equipment Co. leased 20k SF of warehouse space located at 1312 West Crosby Rd. in Carrollton. Mark represented the tenant. Holt Lunsford Commercial's Scott Moore represented the landlord,Crosby Valwood GP. PokerTrainingNetwork.com leased 4k SF of office space at 4004 Beltline Rd. in Addison. C&W's Bill McClung,Mike Wyatt, and Robbie Baty represented the tenant. Bradford CORFAC's Sharon Friedberg represented the landlord, ARI Forum. *** Regency Centers leased a half-acre to Chase Bank at Hillcrest Village shopping center in University Park. The bank will be built on an outparcel located at the corner of University and Hillcrest Avenue. The bank is slated to open in 2012 and was represented by The Retail Connection's David Sacher. The fully leased 15k SF shopping center is merchandised with national retailers such as Chick-fil-A and Blockbuster. The center is located at 6423 Hillcrest Ave. *** The Retail Connection repped the landlord in two deals. Ulta leased 10k SF in Denton Crossing at 1400-1800 South Loop 288 in Denton with David Levinson repping Inland-Wester. L'Patricia leased 10k SF in the Sam Moon Center at the SEQ of I-35W and Heritage Trace Parkway in Fort Worth. Brandon Trimble, Andrew Sudderth, Jim Weir and Steve Greenberg repped Sam Moon. | ||
Sales Capital Investment Management bought 673 W. Pipeline Rd. in Hurst. Structure Commercial's Eric Deuillet represented the buyer and Alliance Commercial's Phillip Samples repped the seller. *** Austin-based The Dominion Golf Group purchased the Lantana Golf Club in Denton for an undisclosed amount. The club opened nine years ago to serve as the centerpiece of Republic Property Group's Lantana master-planned community. The property is in southern Denton County and was owned by Dallas-based Republic Property Group. The Dominion Golf Group formed four years ago and now manages five private golf clubs in Central Texas. *** Healthcare Trust of America purchased a medical office portfolio located in Denton and Lewisville for about $13.5M. The Denton medical office building is 36k SF facility located on the campus of Texas Health Presbyterian Hospital Denton. *** Pallas Partners VI LLC purchased an 80-unit apartment complex at 7112 Holly Hills Dr. in Dallas from RPP Holly Bend Apartments LLC. CB Richard Ellis' Chris Deuillet negotiated the sale on behalf of the seller. *** Wichita Falls Roast Beef purchased a 6k SF retail space at 4521 Kemp Blvd. in Wichita Falls, Kan., from National Retail Properties. CB Richard Ellis' Nathan Wood and Ryan Byrne repped the seller. *** Coherent Metal purchased a 22k SF office/warehouse facility located at 1210 E Ave. J in Grand Prairie. Cushman & Wakefield of Texas' Ashley Pope handled the transaction. | ||
People in the News Bill Reeves joined Hill & Wilkinson as director of safety and risk management. His appointment follows the retirement of Hill & Wilkinson's long-time safety director, Larry MacDonald. Bill has more than 17 years of experience in the construction industry. Previously, he had a 13-year tenure with JPI Cos., a national multifamily and student housing development and construction company, where he served as its national safety director. *** Munsch Hardt Kopf & Harr PC's Bob Voelker will be speaking at the annual Texas Housing Conference, which is sponsored by the Texas Affiliation of Affordable Housing Providers, regarding urban mixed-use and mixed-income projects in Austin on July 26-28 at the Four Seasons Hotel. This session will focus on the opportunities and challenges for developing mixed-use, mixed-income housing in urban areas, and as part of the expanding network of transit systems being developed in Texas. *** The Design Build of America's Southwest Region board members for the 2010-2011 term include the following DFW-area leaders: TDIndustries' Drew Yaggy as chairman; Speed Fab-Crete's David Bloxom as immediate past chairman; Callahan & Freeman Architects' Frank Callahan; Department of Homeland Security US Immigration & Customs Enforcement Office of Asset Management's Randy Landers; Ford Nassen & Baldwin's Timothy Matheny; NoteVault's John Shanks III; and Speed Steel Design-Build's Michael Stubbs. | ||
Financing The Houston office of HFF arranged a $9.2M refinancing for three self-storage facilities totaling 1,670 units located in Dickinson, Houston and Fort Worth. Working exclusively on behalf of Storage Choice, HFF associate director Colby Mueck placed the fixed-rate securitized loan with JPMorgan Chase Bank. The three properties include Storage Choice West Airport in Houston with 647 units; Storage Choice Mira Vista in Fort Worth with 547 units; and Storage Choice Dickinson in Dickinson with 476 units. New Business Irving City Council approved the capital improvement plan for the Irving Convention Center at Las Colinas and an additional $1.6M for Las Colinas entertainment center developer Las Colinas Group. The Las Colinas Group plans to build a 5,200-seat live music and entertainment venue, and a plaza with 11 restaurants and public spaces. The project is expected to be completed in 2012. *** The creation of a new site for University Park Library has reached the point where a letter of agreement has been reached with the owners of The Plaza at Preston Center and the board of the Friends of the University Park Library. If approved, the agreement would call for the City of University Park to sell certain streets and alley rights-of-ways or easements in or adjacent to The Plaza in exchange for a second-floor library space of at least 15k SF to be owned by the City. The space would be part of a new commercial building in The Plaza, which will be solely financed and constructed by the center's owners. |
