THE DEAL SHEET
| Capri Capital Partners selected Cushman & Wakefield to manage and Capstar Commercial to lease Preston Commons and Sterling Plaza. Capstar prez Bret Bunnett calls the Preston Center area, where both properties are located, one of the preferred submarkets in Dallas and says the buildings are laid out well for any size tenant. | |||
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| Preston Commons, above, is a three-building, Class A office complex totaling 421k SF at 8111 Preston Rd. It’s 78% leased. Sterling Plaza, at 5949 Sherry Lane, is a 305k SF Class A office building that is 81% leased. CushWake began the new management assignment of both properties on March 1, while Capstar Commercial continues the leasing responsibilities it has provided the past five years. | |||
Sales Transactions KBS Realty Advisors purchased 284k SF feet of industrial space at 3801 East Plano Parkway in Plano from IDI. CBRE’s Jack Fraker,Josh McArtor, Gary Carr, and Russell Ingrum negotiated on behalf of the seller. Lease Transactions The Retail Connection’s Jordan Cluff and Scott Rose represented the landlord , Park Rios Limited, in a 7k SF lease to QD Academy at SWC Legacy & Independence Pkwy in Plano’s Legacy Plaza. ***
Peppermint Dental leased 3k SF at the southwest corner of Hwy 380 and SH 75 in McKinney’s Cameron Crossing. The Retail Connection’s David Levinson represented the landlord, Covington Cameron Acquisition. The Weitzman Group’s Perren Gasc repped the tenant.
*** Meridian Production Consultants inked a 4k SF industrial flex lease at 2114 Farrington in the Dallas Design District. Harvard Companies’Josiah Ford repped the tenant. Jim Lake Companies’ Douglas Molny negotiated for the landlord. *** US Art Company leased 16k SF of industrial space at 3250 W. Story Dr. in Irving from CIVF - TX1Mo1 LP. CBRE’s Adam Hammack and Steve Trese negotiated for the landlord. *** HQ Global Workplaces LLC leased 22k SF of office space at 13455 Noel Road in Dallas from GT Dallas Properties. CBRE’s Steve Rigby, Peter Danna, Baron Aldrine, and Mike Kay repped the tenant. *** George McElroy & Associates leased 7k SF of office space at 1349 Empire Central in Dallas from Woodview Empire Partners LLC. CBRE’s Burson Holman, Clay Gilbert, and Jaclyn Fraker represented the tenant. *** Broadband Venture Partners leased 5k SF of office space at 5950 Sherry Lane in Dallas from RREEF Sherry Land LP. CBRE’s Dennis Barnes and Michael Dudley brokered for the landlord. *** Avero LLC leased 3k SF of office space at 6210 N. Beltline Road in Irving from BREOF AIP Dallas LP. CBRE’s Michael Chiocca and John Fancher repped the landlord. Dominus Commercial’s Trae Anderson represented the tenant. *** CBRE’s Blake Shipley and Burson Holman negotiated for the landlord, One Graystone Centre LP in three deals at 3010 LBJ Freeway in Dallas.
*** The Cary Schulman Law Firm leased 2k SF of office space at 5910 LBJ Freeway in Dallas from Premier Place of Dallas. CBRE’s Dennis Barnes and Clay Gilbert negotiated for the landlord. *** PrimeLending expanded its lease by 3k SF of office space to total 9k SF at 270 N. Loop 1604 East in San Antonio from Frost National. Tenant rep was done by CBRE’s Dolores Wood-Euart. *** Carrier Enterprise, LLC leased 68k SF of warehouse/distribution space at 3760 Park Central Blvd. in Pompano Beach, Fla., from Park Central Industrial LLP. CBRE’s Travis Sapaugh, Seth Kelly, and Tony Hoover repped the tenant. *** Colliers International’s Kelly Smith, Allen Gump, and Cash McWhorter negotiated two deals in Irving.
*** PMRG’s Nathan Durham repped the landlord at Hackberry View of Las Colinas at 2201 W. Royal Lane, in two deals: Texas Eagle Financial for 3k SF, and WebSafety for 3k SF. *** Two leases were inked at Las Colinas Medical Center Plaza One at 6750 N. MacArthur in Irving. The Medical and Surgical Clinic of Irving will occupy 4k SF and Dallas Associated Dermatology signed for 4k SF moving from its Royal Lane location into the medical center on Feb. 1. Lincoln Harris Corporate Services Group’s Tom Cheatham negotiated the deals. *** Union Pacific Railroad Company renewed its lease and expanded to 6k SF at 8615 Freeport Parkway in Irving. Mohr Partners’ Rob Pipkin repped the railroad and Bryan San Angelo repped the landlord. *** Animato Technologies Corp. signed a long-term lease to keep its headquarters in the Uptown-Turtle Creek submarket, with a late March relocation to the eighth floor of the Gaedeke Group LLC's 16-story Regency Plaza, picking up about 200 SF of additional operating space. The relocation from 3333 Lee Parkway coincides with the expiration of a five-year lease. The 7k SF 90-month lease at 3710 Rawlins St. brings the Regency Plaza occupancy to 71%. *** Total Sleep Inc. renewed its lease and expanded its corporate HQ to 13k SF at The Meridian, 1425 Greenway Dr. in Irving. Stream Realty’s Kyle Jacobs, Chad Hennings, and John Pope repped Total Sleep, while Klabzuba Properties’ Hank Akin repped the landlord. *** E-Recycling moved into a new 4k SF location at 909 Hidden Ridge in Irving. Peloton’s Grant Sumner repped the landlord while JLL’s George Curry repped the tenant. *** Stream Realty Partners’ Russell Webb represented Ascension Services Inc. in a 2k SF renewal at 1550 Norwood in Hurst. Ken Jaffee with 1550 Norwood LP represented the landlord. *** Anixter Inc renewed its 32k SF industrial space lease at 301 East Stephens in Arlington from RCI Westway. CBRE’s Steve Koldyke,John Brewer, and Jake Marks repped the landlord. *** Gaddis Research International LLC leased 24k SF of office space at 1850 N. Greenville Ave. in Richardson from Richardson Technology Properties I LP. CBRE’s Jordan Buis, Warren Willey, and Randy Ball represented the tenant. *** Epic Medstaff Services leased 9k SF of office space at 1349 Empire Central from Woodview Empire Partners LLC. The CBRE team of Jaclyn Fraker, Clay Gilbert, and Burson Holman brokered for the landlord. Cresa Partners’ Mike McCoy represented the tenant. *** Mutual Assurance Administrators leased 6k SF of office space at 15305 N Dallas Parkway in Addison from SP US V5 Colonnade LP. CBRE’s Jay Bailey, J.J. Leonard and Susannah Wallace negotiated for the landlord. *** Dale Operating Company leased 4k SF of office space at 2100 Ross Ave. in Dallas from 2100 Ross Realty. CBRE’s Clay Gilbert, Celeste Fowden, and Dennis Barnes represented the landlord. *** First Tennessee Bank NA leased 10k SF of office space at 7400 W. 110th St. in Overland Park, Kan., from CRP-2 Commerce Plaza. CBRE’s Ann Huntington negotiated for the tenant. *** The American Bottling Company leased 13k SF of industrial space at 400 Industrial Park Dr. in Jackson, Miss., from Blands-Williams Investment Company. CBRE’s Nathan Lawrence and Seth Kelly represented the tenant. Development Hillwood broke ground last week on one of the final phases of its 2,400-acre Twin Creeks residential community in Allen. The next phase includes 40 lots in the Lexington Village section of Twin Creeks, which is the largest master-planned community in Allen. Homes on the new lots will be built by Sanders Custom Homes with a $500k to $900k price tag. The lots are expected to be completed by the end of the year. After this phase, only 59 more lots will remain to be developed in Twin Creeks; 30 of those lots are in the Lexington Village section. The remaining lots are in the Wimberley Place section, where homes start at $1 million. Execs on the Move Loan originators Brant Smith and Andy Hill joined Berkadia Commercial Mortgage and will be joining Matt Greer in Berkadia’s Austin mortgage banking office. Smith and Hill report to SVP Mike Bryant, who leads Berkadia’s management team in Texas. Smith, along with Bryant and SVP John Koeijmans, both based in Dallas, also will be responsible for recruiting loan originators for the recently opened Houston mortgage banking office. Smith and Hill joined Berkadia from NorthMarq Capital. Prior to joining NorthMarq in mid-2009, both Smith and Hill spent a number of years as top originators in the Houston office of Capmark Finance Inc. Berkadia, a privately held company in which Berkshire Hathaway Inc. has a 50% ownership interest, acquired Capmark’s origination and servicing businesses in December 2009. *** Chris Maguire is resuming his role as CEO of SRS Real Estate Partners, a position he held from 1993-2009. Maguire, founder and chairman of SRS Real Estate Partners, replaces Clay Smith, who is leaving the company effective April 2. As founder, Maguire has been associated with the firm for over 25 years. In addition to his renewed role as CEO, he will continue to chair SRS’ board of members and lead Cypress Equities, an affiliated firm he founded in 1995. *** Bob Helterbran rejoined Grubb & Ellis Company as Multi Housing Group VP. He returns after spending more than two years as SVP of Transwestern's Multi-family investment sales division. Prior to joining Transwestern in 2007, he spent three years with Grubb & Ellis as Multi Housing Group VP. *** Jay T. McCormack joined Dallas-based GVA Cawley’s San Antonio office as senior director, becoming the first broker to be hired for the seven-month-old office by local managing director Stephen C. Hall. McCormack most recently was SVP in the San Antonio office of Dallas-based Stream Realty Partners. In addition to a brokerage role, Jay will assist with business development and mentor younger brokers as GVA Cawley expands the local team. Technology CB Richard Ellis is launching an iPhone application. The app offers initial features including:
CBRE is the first commercial real estate services firm with a corporate iPhone app. It plans to add more functionality, including more research tools and information, on a regular basis. *** Richardson-based CommScope Enterprise Solutions developed its new Wired for Wireless Solution to provide owners and developers of new buildings and campuses with the infrastructure necessary, in advance, to eliminate weak or blocked signal areas from the outset and prepare them for better wireless coverage over the structure’s lifetime. |
