The Deal Sheet
It’s a big day for Hall Financial Group. The final steel beam will be hoisted (with an Evergreen tree and an American flag) to the top of the 18-story KPMG Plaza at Hall Arts in downtown Dallas at its topping out ceremony. (Are they going to decorate the tree before they hoist it up, or go up there at Christmas time to do it?)
Two tenants also inked leases in the new eight-story, 200k SF office building at Hall Office Park in Frisco. (That's a week's worth of deals in two days; take the rest of the week off, team.) Imagine Communications Corp and The Botsford Group leased a combined total of 30k SF at 3001 Dallas Pkwy. It’s the 16th building in the office park immediately south of Warren Parkway and the future Dallas Cowboys HQ and practice complex. ICC signed a full-floor lease (third floor) totaling 25k SF for its corporate HQ. The other tenant is taking 5k SF on the first floor.
A 1.2-ton stone sculpture by Korean artist Jaehyo Lee hangs from the second floor of the two-story atrium lobby (pictured). The building has Venetian plaster walls and art gallery-style indirect lighting. At the east side on Dallas Parkway is Jaguar, an 85-foot-tall, bright-red steel sculpture (in the first picture) by sculptor John Henry; it's the tallest sculpture in the Metroplex. Hall Office Park’s leasing director Kim Butler, leasing associates Tammy Nellis and Brad Gibson repped the landlord. CBRE’s Baron Aldrine and Steve Rigby repped Imagine Communications Corp. JLL’s Greg Biggs and Jeremy McGown repped The Botsford Group.
GROUNDBREAKING
Hillwood Communities broke ground last week on Union Park, a $600M 787-acre master-planned community on Hwy 380 in Little Elm. The project will feature about 2,400 single-family homes and 100 acres of parks and open space. Here’s MHI’s Rudy Pospisil, Rudman Group’s Trey Sibley, MHI’s Wade Bradow, Texas Capital Group’s Jocelyn Ansley, American Legend Homes’ Kevin Egan, Hillwood Communities prez Fred Balda and VP Elaine Ford, Hillwood chairman Ross Perot Jr, Mrs. David Hillcock (wife of Little Elm mayor), County commissioner Hugh Coleman, Highland Homes’ Aaron Graham, Denton ISD superintendent Jamie Wilson, MHI’s Denny Garrett, Drees Homes’ David Harbin, and Rudman Group’s Terry Dorris.
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KDC, along with Invesco Real Estate, will break ground today on a 12-story, 150k SF office at 1920 McKinney Ave in Uptown Dallas. The Class-A office building will feature six stories of boutique office space on top of a six-story parking structure with 8,500 SF of ground floor retail and restaurant space. Construction on the office tower is scheduled to begin in the coming weeks with completion scheduled for '16. BOKA Powell is the project architect, JLL is leasing the office space, and The Retail Connection is responsible for ground floor retail leasing.
NEW BUSINESS
RM Crowe selected JLL EVP James Esquivel, SVP Jay Bailey, and associate Ashley Curry to lead the leasing and marketing efforts for a 496k SF six-office portfolio across DFW, which includes 5944 Luther Ln in the Preston Center submarket (73k SF); Legacy Bank Plaza at 5000 Legacy Dr in the Far North Dallas submarket (290k SF); Central Park Tower at 2350 Airport Fwy (pictured) in the HEB/Midcities submarket (102k SF); Texas Moline Building at 302-306 N. Market St in the CBD submarket (42k SF); 311 N. Market in the Dallas CBD submarket (33k SF); and Bedford Place at 1903 Central Dr in the HEB/Midcities submarket (38k SF).
LEASES
Texas A&M University-Commerce inked a 42k SF at 1910 Pacific Ave in Dallas. Boxer Property’s Mark Dowdle repped the landlord, Boxer. Brooks Partners’ William Lyle Burgin and Ross Cromartie repped the tenant.
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Half Price Books leased 10k SF at 100 S. Central Expy in Richardson. SRS Real Estate Partners’ Tyler Isbell and Rick Ikeler repped the landlord, Hartman REIT. Lincoln Property Co’s David Lewis repped the tenant.
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First Industrial Texas leased 30k SF at 833 S Great Southwest Pkwy in Grand Prairie. CBRE’s Kacy Jones, Steve Koldyke, and Wilson Brown repped the landlord.
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Surface Preparation Texas inked 13k SF at 1208 Avenue H East in Grand Prairie from First Industrial Texas. Lee & Associates’ Scott Giordano and Mark Graybill repped the tenant. CBRE’s Kacy Jones and Steve Koldyke repped the landlord.
SALES
An LLC purchased a 14k SF Walgreens on 1.83 acres of land at the hard corner of North Tarrant Parkway and Davis Boulevard in Fort Worth. Marcus & Millichap’s Vincent Knipp and Chance Hales repped both buyer and seller (another LLC).
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American Tex-Chem purchased an 89k SF building at 5201 Catron Dr in Dallas from Eastpoint Business Center. CBRE’s Brian Gilchrist and John Brewer repped the buyer. CBRE’s John Hendricks and Kacy Jones repped the seller.
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Haskell 305 purchased a 35k SF building at 305 S Haskell in Dallas. NAI Robert Lynn’s Robert Blankinship repped the seller. He also worked a 21k SF sale at 1722 S. Harwood in Dallas to a local investor.
EXECUTIVE PEOPLE
UCR Dallas promoted Dan Shoevlin (center between UCR prez & CEO Mickey Ashmore and UCR Urban prez & partner Jack Breard) to partner. He joined UCR in January 2009 and has been a top 10 producing broker consistently. In February, UCR awarded Dan its highest honor, the Jean Smith Service Award, for his exceptional leadership and service to the firm.
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Dave Quinn joined the Frisco Economic Development Corp as VP. He will supervise most of the professional staff in the FEDC office and will lead efforts in business attraction and retention, and marketing practices. He joins the team on Oct 1, coming from the Bastrop Economic Development Corp where he was executive director since August 2011.
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Adam Sumrall and Kevin Watson joined Legacy Capital Co to help identify and source new investment opportunities. Adam comes from Rosebriar Properties where he was president. Kevin comes to Legacy from Stratford Land, where was the chief investment officer.
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Marcus & Millichap promoted Jason Vitorino to SVP investments in the Dallas office. He joined the firm in 2004. He specializes in retail investments, and he is currently a senior director in Marcus & Millichap’s national retail group.
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Thirty-year veteran Wayne Burgdorf of Burgdorf Realty Group joined Coldwell Banker Commercial Alliance DFW as VP, where he will incorporate his firm into CBC Alliance operations. He is bringing a portfolio of 30 sales listings for more than 400 acres and several lease listings for office and industrial space.
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Berkadia Commercial Mortgage hired Chris Pollard as a VP. Most recently, Chris served as a director with LMI Capital, where he also managed the company’s Dallas office.
