This Week's Dallas-Fort Worth Deal Sheet
Structured Cable Products Inc. signed a 54K SF lease inside the Turnpike Distribution Center in Dallas to expand its logistics presence in the Southwest.
The Florida-based firm will move into Turnpike 11, 3665 La Reunion Parkway in Dallas. The tenant leased more than 44% of the facility and is adding about 22K SF to its DFW operations by agreeing to move its North Texas facility from Arlington to Irving.
Bradford Commercial Real Estate Services' Brock Wilson and Joe Santaularia represented Structured Cable Products, while Holt Lunsford Commercial's John Gorman represented the landlord, Dallas Industrial TT LLC.
EXECS
Westmount Realty Capital named Scott Ferguson senior director of multifamily acquisitions. He has spent more than 20 years in acquisitions, dispositions and asset management.
Ferguson previously served as vice president of acquisitions and asset management for GFI Capital Resources Group and also held senior acquisition positions within the Milestone Group and Archon Group.
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Jennifer Treviño has been named to Leadership Fort Worth's Board of Directors as executive director.
Treviño is succeeding Harriet Harral, who retired this year after serving for more than 20 years.
Treviño previously served as chief development officer for Girls Inc. of Tarrant County and spent many years at UNT Health Sciences Center as vice president and chief of staff.
SALES/ACQUISITIONS
Barbecue restaurant Tender Smokehouse purchased a free-standing restaurant in the growing retail and hospitality market of Aubrey, Texas.
The site is located at 26781 U.S. Highway 380 and marks the restaurant's third location. Weitzman's Corbin Tanenbaum and Scott Smith handled negotiations for the seller, while J2 Commercial's Jeremy Harris represented the buyer.
The site was formerly occupied by Firehouse Bar & Grill.
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SPI Advisory purchased the luxury Dolce Living Home Town multifamily asset in North Richland Hills, making it the firm's second property acquisition in the city and its 16th in Tarrant County.
In November, SPI acquired 5 Mockingbird, an apartment complex that sits next to Mockingbird Station in Dallas.
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ML Realty Partners has acquired a 56K SF industrial building at 3942 Irving Blvd. in Dallas. The site is at the corner of Irving and Top Line Drive. Mercer Co.'s Jeremy Mercer and Jeff Turner represented the seller and will be handling leasing efforts for ML Realty Partners.
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Equity firm Next Wave Investors LLC purchased Shiloh Park Townhomes, a 73-unit multifamily community in Plano, through a subsidiary. It's the California firm's first apartment investment in the DFW market. The purchase is considered a value-add investment, and Next Wave Investors will add modern improvements to the facility.
LEASES
Healthcare artificial intelligence and tech firm Pieces Inc. has relocated its corporate headquarters to Williams Square in Las Colinas.
The Irving-based business park, located at 5201 North O'Connor Blvd., will lease out an entire floor to accommodate the firm's corporate staff. The Towers at Williams Square is a four-story building with a renovated lounge and conference center, a Starbucks, a fitness center and the La Cima Club.
The four-year-old Pieces was formed after spinning off from Parkland Health & Hospital System.
CBRE Dallas' Jeffrey Eiting, Ryan Buchanan and John Roper represented Pieces, while Hillwood Urban's Bill Brokaw and Karch Schreiner represented the landlord, AGRE Williams Square Holdings LLC.
Corgan Architects assisted Pieces in establishing its office design.
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Bauhaus Interiors Group has renewed a 30K SF lease at Space Center Industrial Park in Dallas from landlord Ranger D-TX LP. Stream Realty Partners' Drew Feagin and Hanes Chatham represented the landlord.
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Manna Pro Products leased 250K SF at Pinnacle Industrial Center in Dallas. Stream Realty Partners' Matt Dornak, Drew Feagin and Sarah Ozanne represented the landlord, Nuveen Real Estate.
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1000Bulbs.com leased 203K SF at Urban District 30 in Mesquite from Urban Logistics Realty. Stream Realty Partners' Blake Kendrick and Seth Koschak represented the tenant, while the landlord hired Stream Realty's Matt Dornak and Drew Feagin.
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Telvista Inc. relocated its Dallas office, moving from 1607 LBJ Freeway to Ricchi Towers at 8585 Stemmons Freeway in Dallas. Telvista secured a 29K SF lease in the building with the help of Site Selections' Sam Pruitt and Jake Wilson, while the landlord relied on TXRE Properties' Cole Moreano, Sam Davis and Kolby Dickerson.
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A four-building industrial portfolio is now at 100% occupancy through the signing of two new leases and the renewal of a third.
Tenant Midpoint Auto Group leased 13K SF at 3300 Garden Brook Drive; JKMG & International Co. Inc. (dba Noroo) leased 4K SF at 3314 Garden Brook Drive; and United Fine Arts Services LLC has leased just under 7K SF at 3109 Garden Brook Drive.
Bradford Commercial Real Estate Services' Brian Pafford and Susan Singer represented the landlord, Gardenbrook Industrial LLC, while Stellar Real Estate's Daniel Lee represented Noroo.
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Atico Furniture leased 35K SF at 3505 Garden Brook in Dallas. Capstone Commercial's Larry Robbins represented landlord Robbins Property Co., while Atico was represented by Matt Spellman with TIG Real Estate Services Inc.
THIS OR THAT
Allen-based developer JaRyCo announced plans to bring entertainment and hospitality venue The Hub into The Farm in Allen, a mixed-use project under construction.
The Hub, which will feature a nearly 6K SF outdoor lawn bordering restaurants, bars and retail, will sit on 2.67 acres inside the 135-acre development. The Hub also will bring a 2K SF stage onto the site for live music, televised sports and public movie showings.
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Dallas-based NexPoint has launched the NexPoint Storage Partners platform to originate, finance and manage self-storage investments. NexPoint already has self-storage investments totaling $1.1B.
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Vari has launched its third VariSpace location in Dallas-Fort Worth, and this time, the flexible office space provider is opening in Coppell.
VariSpace Coppell will sit inside a newly constructed office building inside the Westgate Coppell development of Archway Properties. Corgan is the architect of record for the new building's interior design, while BOKA Powell is handling the building's exterior.
The site will be completed in the summer of 2022.
