The Deal Sheet
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|Nature's Best leased a 308k SF distribution center in Lakeside Trade Center at 101 Enterprise Dr in Flower Mound and will begin servicing retailers throughout Texas and surrounding states in late spring.|
|Cushman & Wakefield of Texas’ Mark Collins and Kirk Collins represented Nature's Best in the search. Hillwood’s Toby Rogers repped the landlord. "The amenities at this property, which included economic incentives from the Town of Flower Mound, were the deciding factors,” Mark tells us. The long-term lease in Lakeside Trade Center Building 5 will feature about 35k SF of freezer/cooler space. Nature's Best will model the facility after its recent relocation of its main distribution center in Chino, Calif, where the company completed a successful expansion into a 410k SF LEED Gold certified building. The company is exploring LEED certification with the landlord for the Flower Mound facility.|
BVA Nortex Prop D purchased 4.6 acres at 1300 E Main St in Grand Prairie from Stanley Graff Irrevocable Trust. CBRE’s Jim Whitten and Marty Neilon represented the purchaser.
FedEx Corporate Services renewed its lease of almost 167k SF of office space at 4200 Regent Blvd in Irving from Airport Office Partners. CBRE’s Dennis Barnes and Mark Mallus represented the landlord. Fischer & Co’s David Ginther represented the tenant.
The Sherwin-Williams Co leased about 27k SF of office space at 2100 Lakeside Blvd in Richardson from Equastone Greenway IA. CBRE’s Jeff Ellerman and Robert Blount represented the tenant. Peloton’s Chuck Sellers represented the landlord.
ACI Worldwide Corp leased 11k SF of office space at 4965 Preston Park Blvd in Plano from DLF/GP Preston Park Financial Center. CBRE’s John Roper, John Woolsey, Searcy Ferguson, and Mike Davis represented the tenant.
Educational Products leased 121k SF of industrial space at 2828 Trade Center in Carrollton from Walton CWTX Frankford 91. CBRE’s Adam Hammack and Steve Trese represented the landlord.
Sally White and Associates signed a long-term renewal for about 9k SF at The Fitzhugh Central Office Building at North Fitzhugh Avenue and North Central Expressway in Dallas. SCM Real Estate Services prez Gary Walker and leasing specialist Renee Efimoff represented the tenant.
Tire Centers leased 52k SF of industrial space located at 3221 E. Arkansas Lane from Panattoni Development Co. Grubb & Ellis’ Gary Lindsey represented the lessee. CBRE’s Stan McClure represented the lessor.
North Dallas Office Furniture leased 30k SF of industrial space at 4550 McEwen Rd from 462 Thomas Family Properties. Grubb & Ellis’Lee Wagner and Blake Anderson represented the lessee. Gillis Thomas Co’s Kevin Conlon represented the lessor.
Amber Trail Corporate Park inked three new leases totaling almost 20k SF bringing occupancy up to 95%. Among the deals is a more than 9k SF deal for Technology Service Professionals. CBRE’s Dolores Wood-Euart represented the tenant and PM Realty Group’s Kurt Cherry represented the landlord, Amber Trail Operating Associates. Kurt inked two other deals in the business park with Unicare Life & Health Insurance Co and CDI Corp.
Vitro Packaging renewed its almost 16k SF lease at Tollway North Office Park at 5200 Tennyson in Plano. Transwestern’s Justin Miller and Kim Brooks repped the landlord and Cresa Partners’ Bret Hefton represented the tenant.
|Central Management was awarded property management for Wyndham Plaza, a 68k SF retail center in Southlake. Central Management’s Jan Echard is the property manager.|
The Richland Cos selected Hudson Peters as its exclusive leasing agent to represent Richland’s four Dallas properties including Royal Freeport at 4343 Royal Lane, Gateway West at 2901 Gateway Dr; Gateway South at 6025 Commerce Dr.
|People in the News|
Susan Calvert and Joe Munoz joined Grubb & Ellis’ lease administration group. The pair joins from SRS Real Estate Partners. Susan joins as manager for lease administration. Joe will also serve on the lease administration team.
KBS Realty Advisors added Ken Robertson as SVP of asset management. He was prez and founder of TR Realty Partners of Aliso Viejo, Calif., a real estate investment and advisory firm. Ken lives in Laguna Hills and will split his time between Southern California and Dallas.
***Paul Smith and Gary Sherman joined Brook Partners as COO and chief investment officer, respectively. Paul will oversee the firm’s advisory services business while Gary will direct principal investments and capital market transactions.
With North Texas' Super Bowl XLV approaching, DFW International Airport is gearing up for increased corporate travel with the opening a n ew corporate aviation facility. The former American Eagle terminal on the northeast side of DFW has been empty since the regional carrier moved its operations to Terminal B five years ago. The facility has almost 9k SF of state-of-the-art meeting, work, and lounge space and opened earlier this month. DFW Airport VP Paul Martinez estimates 250 to 300 corporate jet flights that will deliver as many as 4k passengers to the new facility in the days leading up to Super Bowl on Feb. 6.
|On Dec. 6, Dallas Area Rapid Transit opened the Green Line, making DART the largest light-rail system in the US. The Green Line links downtown Dallas with stops stretching from Carrollton to Pleasant Grove. Next up for the nation's largest rail light-rail system is the Orange Line, which will connect downtown Dallas to the Las Colinas Urban Center by mid-year 2012 and reaches DFW International Airport by 2014.|
Metropolitan Capital Advisors arranged permanent financing for an almost 218k SF warehouse/distribution facility in New Braunfels. MCA arranged a $6.5M permanent fixed-rate mortgage on behalf of a partnership controlled by the principals of Hill Country Furniture Partners, which occupies 100% of the facility used to support retail stores throughout Central and South Texas. MCA founding principal Scott Lynn along with MCA senior director Sunny Sajnani arranged a 20-year fixed-rate permanent mortgage, placed with an Oklahoma Bank. MCA collaborated with Greg O’Donnell of Business Finance & Development to secure the USDA Loan Guarantee.
Quadrant Realty Finance secured permanent financing for Steger Towne Crossing in Rockwall. QRF’s Randy Fleisher and Jason Piering placed the 10-year fixed-rate, non-recourse loan. The proceeds were used by the borrower to refinance the 96.6% occupied 102k SF retail center anchored by a Sports Authority and shadow anchored by a SuperTarget. In 2009, Dunhill Partners renovated the previous Albertsons Grocery store into a new model Sports Authority.