This Week's Dallas-Fort Worth Deal Sheet
SMU is making a big splash with a new 44k SF Aquatics Center it hopes will inspire excellence for years to come.
The two-story collegiate competition center, constructed by The Beck Group and designed by Brinkley Sargent Wiginton Architects, will be on SMU’s East Campus. It's expected to deliver in August 2017 and is being modeled after the Georgian style of the main campus. The building will house a diving platform well with four springboards and a 10-meter tower for training and competition; 800 bleacher seats; men’s, women’s and visitor locker rooms; meeting space; and classrooms and coaches’ offices for competition and community use.
EXECS
Demian Salmon joined Stream Realty Partners as SVP of the newly created land division. He'll lead strategic direction and operations, including expanding land brokerage across the Metroplex.
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Marcus & Millichap VP of investments Vincent Knipp relocated to the Dallas office. He specializes in single-tenant and net leased investment sales throughout the US, as well as multi-tenant shopping centers throughout Texas.
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Mike Silliman (pictured) joined M-M Properties and is now leasing Comerica Bank Tower.
LEASES
Stewart & Stevenson Material Handling leased 36k SF of office/warehouse space at 2025 W Belt Line Rd in Carrollton. NAI Robert Lynn's John Leinbaugh repped owner Global Logistics Properties. Transwestern's Bill De La Chapelle repped the tenant.
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Trademark Property Co, the operating partner for Hillside Village (formerly Uptown Village at Cedar Hill), announced new tenants opening this spring:
- Hot Topic leased 1,329 SF next to Gamestop.
- Claire’s will open a 1,213 SF store next to Wet Seal.
- Menchie’s Frozen Yogurt leased an 875 SF shop across from Barnes & Noble, near the Village Green.
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Texas Health Surgery Center renewed its lease and expanded to almost 14k SF at Preston Plaza in Dallas. Rubicon Representation's Kyle Jacobs repped the tenant, and Younger Partners' Heather Shover and Sean Dalton repped the landlord.
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Nerd Kingdom signed a 10k SF, three-year lease at Gateway South at 6025 Commerce Dr in Irving. Hudson Peters' Michelle Hudson repped the landlord, The Richland Cos, and the tenant was repped by TXRE Properties.
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Southern Glass & Mirror leased 30k SF of office/warehouse space at 880 Avenue F in Plano. NAI Robert Lynn's Dave Peterson repped the buyer, and Saskaway Eight repped the landlord.
SALES
ABCO Wholesale Supply purchased a 40k SF building at 400 N Great Southwest Pkwy in Arlington. NAI Robert Lynn's Michael Stanzel repped the seller, and Lee & Associates' Adam Graham repped the buyer.
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Institutional Property Advisors, a division of Marcus & Millichap, sold off a 30-acre single-family development site in the State Highway 121/US Highway 75 corridor in McKinney, TX. Balthrope and Drew Kile, IPA director, repped the seller. The Sanchez Group’s Joe Benton repped the buyer.
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Waterton acquired Parkside at Firewheel, a 594-unit multifamily community in Garland. Parkside at Firewheel includes a mix of studio, one-, two- and three-bedroom residences ranging from 569 to 2,457 SF.
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RaceTrac Petroleum purchased 1.6 acres at 2737 Royal Lane in Dallas. NAI Robert Lynn's Kornel Romada repped the buyer and his colleagues Brandon Coutu, Mark Miller and Dan Avnery repped New World Jewelry, the landlord.
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EB Real Estate Group purchased Terraces on the Parkway, a 297-unit multifamily community in Grand Prairie. CBRE's Chris Deuillet and Nita Stewart repped the seller.
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Environmental Lighting Services purchased a 106k SF building at 1010 E Avenue J in Grand Prairie. NAI Robert Lynn's Michael Stanzel repped the buyer, and E Smith Realty Partners Dallas' Jim Hazard repped the seller.
DEVELOPMENT
KDC and Patronus Data Centers reached an agreement to market and develop 35 acres just north of Main Street between the Dallas North Tollway and Legacy Drive in Frisco, for build-to-suit data centers.
FINANCING
HFF's Trey Morsbach and Jim Curtin secured construction financing for the development of a 326k SF build-to-suit, Class-A office for CoreLogic. Working on behalf of Billingsley Co, HFF placed the fixed-rate construction/perm loan with Regions Bank.
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Maverick Commercial Mortgage signed a $5.6M mortgage on two manufactured housing communities in Irving. The borrower was repped by Liechty, McGinnis, Berryman and Bowen's Emmett Berryman. Lender’s counsel was Eckert Seamans' Thomas Sweeney.
THIS AND THAT
Elizabeth Toon Charities hosted an event at D.E.C. on Dragon Street on Feb. 16 to kick off its 10th year. Chairman Larry Toon, pictured with wife Patti, announced exciting details of the upcoming 10th Annual Elizabeth Toon Charities Concert and Shootout, which will take place at Gilley’s Dallas and Dallas Gun Club on April 28 and 29.
