This Week's Dallas-Fort Worth Deal Sheet
Auto financial services provider Mercedes-Benz Financial Services kept 900 jobs in Fort Worth with its decision to open a new 200K SF business center in AllianceTexas.
AllianceTexas is a mixed-use development in Fort Worth that first attracted the financial services company in 2007. When Mercedes-Benz Financial decided it was time to improve and grow its facilities, it could have moved anywhere in DFW, but chose to open a facility in AllianceTexas.
The firm celebrated the grand opening of the new business center last week.
"At Mercedes-Benz Financial Services, we strive to set standards for corporate culture, and believe our workplace must be reflective of our high brand standards and the cultural modernization of our company," Mercedes-Benz Financial Services President and CEO Peter Zieringer said. "The opening of our Fort Worth Business Center is an investment in our talented workforce, in the transformation of our company and in the purpose of who we are and how we deliver world-class service to our customers and dealers."
Mercedes-Benz Financial Services has been in Texas since 1991. The build-out of the center was done by developer and owner Hillwood, architect and designer BOKA Powell, JLL Fort Worth Project and Development Services, SmithGroup Dallas, Detroit Workplace Studios and Cushman & Wakefield as site selection and lease negotiation leader.
SALES
Marcus & Millichap announced the sale of a 10K SF industrial property in Haltom City at 4204 Glenview. Marcus & Millichap's Adam Abushagur and Cliff Zimmerman handled the exclusive listing for the property on behalf of the seller, a private investor. The buyer also is a private investor.
The property acquired sits on 0.9 acres and is 32 years old.
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Dun-Ken Properties acquired nearly 10K SF at 1262 Round Table Drive in Dallas from Peterson Management. DFW Lee & Associates’ Stephen Williamson represented the buyer, while Mercer Co.’s Turner Petersen and Jeremy Mercer represented the seller.
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Complete Hospitality Solutions sold nearly 30K SF at 600 112th St. in Arlington to buyer 600 112th Street LLC. Mercer Co.’s Turner Petersen and Jeremy Mercer represented the buyer, while Stream Realty’s Ryan Boozer represented the seller.
LEASES
Tex-Mex restaurant Chuy’s has leased space at Frisco Bridges North on Preston Road and Warren Parkway near the Shops at Stonebriar for a new location.
The Tex-Mex restaurant built its reputation in Austin, where it opened in 1982.
Weitzman’s Gretchen Miller and Maggie Hansen handled negotiations for the center, while Ranger Retail Partners represented the restaurant. Frisco Bridges North is joining tenants Deli News, Sushi Damu, La Beau Visage, Spring Creek Barbecue and 24-Hour Fitness.
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American National Supply leased more than 13K SF at 3015 Northern Cross Blvd. in Fort Worth from Windsor at Northern Crossing LLC. Mercer Co.’s Corby Hodgkiss represented the tenant, while Holt Lunsford Commercial’s Donnie Rohde represented the landlord.
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National Bath Systems, otherwise known as Bath Fitter, leased 10K SF at 744 Ave. H East in Arlington from landlord NKJV Entities. Mercer Co.’s Corby Hodgkiss represented the landlord, while NAI Global Corporate Solutions’ Cory Sleeth represented the tenant.
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Newmark Knight Frank announced that Kansas City, Missouri-based law firm Lathrop Gage inked a deal to lease 10K SF of office space in Dallas’ Uptown District at Rosewood Court, the law office’s 10th location across the nation.
DEVELOPMENT
A new hotel is coming to the Alliance Town Center in Fort Worth in September.
Hyatt Place Fort Worth/Alliance Town Center is a five-story, 130-room hotel for business and leisure travelers that offers a casual atmosphere, free WiFi, 24-hour food offerings and a fitness center.
The new hotel will be near shopping and dining locations in north Fort Worth and is 6 miles from Alliance Airport and a short drive from Texas Motor Speedway, Tanger Outlets and Fort Worth Stockyards.
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The Novel Bishop Arts community officially opened this month. Created by Crescent Communities, the multifamily community has 23K SF of retail and restaurant space within the development, including a coffee shop that turns into a neighborhood pub at night.
The development is just blocks away from Oak Cliff’s Bishop Arts District and is on the corner of West Davis Street and North Zang Boulevard.
