This Week's Dallas-Fort Worth Deal Sheet
Her.HQ, a female-focused coworking brand, wants to expand throughout Dallas-Fort Worth and is getting a running start with Common Desk offering up its Oak Cliff location to the new brand.
Common Desk said it would leave its 633 West Davis St. location in Oak Cliff after four years, so Her.HQ could use the site as a flagship location.
Common Desk is an investor in Her.HQ and has a seat on its board.
Common Desk members have the option of transferring to Common Desk sites in the West End, Deep Ellum or the soon-to-be open Arts District location inside Trammell Crow Center.
EXECS
Scott Meyer has been named principal and shareholder at Alliance Architects Inc. after more than 20 years in the business.
Meyer will develop business, while overseeing project management and delivery. His portfolio of work includes St. Jude Catholic Church in Allen, the regional headquarters for the Federal Emergency Management Agency in Denton and Globelife's 160K SF headquarters in McKinney.
He is overseeing project management on Transwestern's 119-acre Park 20/360 industrial park in Arlington.
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Longtime Fort Worth Chamber of Commerce President and CEO Bill Thornton is retiring. His last day will be July 7. Thornton just celebrated his 30th year with the Chamber and has been in the CEO and president role since 2000.
Thornton joined the chamber staff as director of local business development in July 1989 and was named vice president of economic development in 1992. To help the chamber as Thornton transitions out of his role, Executive Vice President of Economic Development Brandom Gengelbach will assume a few of Thornton's duties in October.
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Crescent Communities promoted Peter Petricca to managing director for its Dallas multifamily operations. Petricca will oversee Crescent Communities' development and investment activity in Dallas and Houston.
Patricca previously held leadership roles within Holland Partner Group, Greystar Real Estate Partners, Gables Residential Trust and Trammell Crow Residential.
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Longtime McCarthy Holdings Inc. employee and executive Raymond Sedey is set to take over as the construction giant's CEO on Jan. 1. Sedey will move into the top spot as current McCarthy CEO Michael Bolen transitions out of the role, while retaining his duties as chairman of the board of directors.
Sedey began with McCarthy in 2000 as a project engineer in the Southwest Region. He moved through numerous roles, including superintendent, project manager/director, vice president of operations for Las Vegas and executive vice president for business operations in Nevada, New Mexico and Colorado.
The company named Sedey regional president for the Texas region several years ago, which under his leadership grew to become the Southern Region.
LEASING
Healthcare company American Specialty Health leased 164K SF of office space at Heritage Commons IV in the AllianceTexas development from building owner Griffin Capital Essential Asset REIT.
Mercedes-Benz Financial Services previously occupied the building before the auto finance firm moved to a new location in AllianceTexas.
Hillwood's Steve Aldrich and Ian Kinne represented landlord GCEAR, while Altschuler and Co.'s Jenny Schreiner and Jon Altschuler represented the tenant.
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National real estate development company Jackson-Shaw reached 100% occupancy on its 292K SF, two-building, Class-A urban industrial development known as Parc SouthWest in the Great Southwest Industrial market.
Jackson-Shaw secured Good Sportsman Marketing to lease all 180K SF in Building A. Building B will be occupied by three tenants: Hallmark Building Supplies Inc., Flat World Supply Chain and Victory Polymers Corp.
The project's equity partner is GID, while Ridgemont Commercial Construction is general contractor. GSR Andrade served as architect, Halff Associates handled civil engineering and Veritex Community Bank financed construction.
Stream Realty Partners' Luke Davis and Sarah Ozanne managed the leasing assignment.
SALES
The 49K SF, two-building industrial portfolio known as Executive Drive Industrial Portfolio in the Garland submarket has been sold.
The seller is San Antonio-based real estate investment firm Agarita Management Co. and the buyer is P.S.C. Properties LLC.
The two-building portfolio is less than 1 mile from Interstate 635.
Stream Realty Partner's Jamie Jennings and Andrew Rabinovich brokered the sale on behalf of Agarita.
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Henry S. Miller Cos. sold the 124K SF Towne North Shopping Center in Irving. The center at 3561 North Belt Line Road is anchored by El Rancho Supermarket.
Henry S. Miller Cos.' Greg Miller and Robert DuBois represented the seller, an affiliate of Henry S. Miller. Disney Investment Group handled negotiations for the buyer, an affiliate of Nayeb Group.
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Marcus & Millichap's Al Silva handled the sale of the 265-unit Manitoba apartment complex at 8225 Calmont Ave. in Fort Worth.
CONSTRUCTION/DEVELOPMENT
Pioneer Natural Resources selected Cushman & Wakefield to provide property management and facility services for its 1.2M SF headquarters under construction at Hidden Ridge development in Las Colinas, located at 777 Hidden Ridge in Irving.
This is the largest-ever single-building property management and facility management assignment awarded to Cushman & Wakefield Dallas.
Cushman & Wakefield's Ron Tate, Christy Means, Ken Wakefield and Carly Davis secured the contract for the project, with Davis also serving as property manager.
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A 119-room Marriott Residence Inn is now planned in Trademark Property Co.'s 63-acre mixed-use development known as Waterside in Fort Worth. The hotel will sit on 3 acres purchased by Raymond Management along the south end of the property.
Construction will begin in the fourth quarter, with the hotel slated to open in 2021.
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Aerospace and defense industry player Gamma Aerospace out of Mansfield has another 21K SF expansion underway at its North Texas location. Fort Worth-based general contractor Speed Fab-Crete and its architectural partner, Callahan & Freeman, are handling construction and design for the project. Gamma Aerospace provides forming, machining and assembly technologies to aerospace and defense companies.
Construction will be complete in mid-2020 and is expected to include a two-story corporate office with conference and training facilities. MEP engineer Bannister Engineering and structural engineer Stubbs Engineering also are working on the project.
