This Week's Dallas-Fort Worth Deal Sheet
Owens & Minor renewed its 223k SF lease in Lakeside Ranch Building 20 at 550 Lakeside Pkwy in Flower Mound from Duke Realty Corp.
The national distributor of name-brand medical and surgical supplies and supply chain management company was repped by Jackson & Cooksey’s Jim Cooksey and Adam Faulk. Duke was repped in-house by Randy Wood.
LEASES
Graybar Electric Co leased 15k SF at 7879 Will Rogers Blvd in Fort Worth from the Realty Associates Fund X. Bradford’s Nick Talley repped the landlord. NAI Robert Lynn’s Todd Hubbard repped the tenant.
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Menlo Logistics leased 495k SF at 14900 Frye Rd in Fort Worth. NAI Robert Lynn’s John Lancaster and Steve Shields repped the tenant. Stream Realty’s Cannon Green repped the landlord.
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XL Parts Partnership leased 13k SF at 6400 Winger Way in North Richland Hills. NAI Robert Lynn’s Todd Hubbard repped the landlord. Transwestern’s Todd Hawpe repped the tenant.
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The Morrison Milling Co leased 68k SF at 2700 I-35 in Denton. NAI Robert Lynn’s Matt Elliott repped the tenant. Axis Realty’s Alex Payne repped the landlord, Stockbridge Real Estate Funds.
SALES
The Greysteel Co investment sales team led by Boyan Radic, Doug Banerjee, Andrew Mueller and John Marshall Doss repped the seller (Westside Village) in the sale of West Village, a 66-unit multifamily building at 300-310 W Pioneer Pkwy in Arlington, to Alpine Heritage Group.
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A local investor purchased the 100-unit The Woods Apartments at 1201 N Pearl St in Granbury as part of a 1031 exchange. Sperry Van Ness | TJF Investments’ Todd Franks and Sean Reynolds repped the seller, a local partnership.
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Vision Commercial’s Scott Lowe and Piper Commercial’s Jordan Piper worked the sale of the 11k SF building at 915 Houston St in Fort Worth. The former savings and loan bank will be repurposed into a restaurant.
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Variosystems acquired a 15k SF building on 3.5 acres at 1628 Valwood Pkwy in Carrollton from Global Harvest Church. Bradford’s Richmond Collinsworth repped the buyer. Lee & Associates’ George Tanghongs repped the seller.
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HFF closed the sale of a 27-building, 2.35M SF, 96% leased industrial portfolio across DFW and Houston. HFF marketed the portfolio on behalf of the seller, a partnership between Mayfield Properties and AB Real Estate Group. A private fund advised by Crow Holdings Capital–Real Estate purchased the assets for an undisclosed amount. The eight DFW properties are located in the DFW Airport North, Great Southwest, Valwood and West Brookhollow industrial markets. The HFF investment sales team repping the seller was led by Randy Baird, Rusty Tamlyn, Jud Clements, Trent Agnew, Robby Rieke, Stephen Bailey and John Rogers.
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990 Village Square purchased an 83k SF building at 300 S Kirby St in Garland. NAI Robert Lynn’s Stephen Cooper and Bob Spletter repped the seller.
NEW BUSINESS
Kubota Tractor Corp and Kubota Credit Corp will relocate their HQ to Grapevine. The move is expected to happen within the next 18 months. The move will involve Kubota’s entire Torrance corporate HQ. The new facility will be large enough to initially accommodate 400 employees with room to expand. Construction on the Texas facility will begin this year and is scheduled to be completed by Q1 2017.
THIS & THAT
ICSC Recon is in full swing and the folks at The Weitzman Group and Cencor shared this photo at their booth. Here’s Joyce Watson, Mandy Owens, Kim Flynn, a booth visitor and Allyson Flynn. Got pictures from ICSC? Send them and your stories to tonie@bisnow.com
EXECUTIVE PEOPLE
Travis Ewert has joined JLL as VP in the tenant rep group. He came from Colliers International, where he was an SVP.
