The Dallas-Fort Worth Deal Sheet
The 4 Eleven restaurant/retail/event space will open this fall in a restored 18K SF warehouse at 411 South Main St. in Fort Worth.
The 1920s warehouse was slated to become another parking garage, but developers stepped in and repurposed it, citing the potential for the South Main area of Fort Worth to become the new Design District. Four shops will open at The 4 Eleven in late October: Alchemy Pops, LTO, The Greenhouse 817, and Winton and Waits. The businesses operating in The 4 Eleven will primarily be local entrepreneurial endeavors. A 3K SF space is still available for a full-service restaurant and bar.
EXECS
ESRP signed CRE veteran Darren Woodson to its team as senior vice president.
SALES
TIG's Matthew Hickey and Kristin Grammar represented the seller in the sale of a 31K SF warehouse building at 11401-11431 Plano Road in Dallas.
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Mujeres Banderas III sold a 16K SF warehouse property in Southern Dallas on Duncanville Road. This was the last real estate asset owned by the Mujeres Banderas partnerships, which include female professionals in Dallas and San Francisco. Solender/Hall President Eliza Solender is the president of the general partner, Mujeres Empresarias. CREW Dallas' Diane Butler, Kathy Mulgrew, Irene Hosford, Catherine Howell, Michelle Hudson, Janice Peters, Eliza Solender, Lorraine Teel and Kathy Treat were involved in the deal with a group of CREW San Francisco members dba Athena Duncanville Investors.
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Marcus & Millichap’s Nick Fluellen and Bard Hoover sold six multifamily properties totaling 656 units for approximately $41M.
- Country Place, 172 units, Abilene
- Fair Oaks, 14 units, Dallas
- Legends of Lindale, 88 units, Lindale
- Riverwood, 112 units, Temple
- La Vita, 162 units, Dallas
- The Carlton, 108 units, Fort Worth
LEASES
Lionstone, PegasusAblon and Peloton leased 33K SF to Bank of the Ozarks and 13K SF to ExecutiveWorkspace.com at 8300 Douglas in Preston Center, Dallas.
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Rhino Medical Services expanded its HQ to a full floor in the Bank of America Building in North Arlington. The nearly 40% expansion to 14K SF makes Rhino the largest tenant in the Class-A property at 2000 East Lamar Blvd. AOB Lamar LLC is the landlord. The Bank of America Building is now 90% leased.
FINANCING
Metropolitan Capital Advisors Ltd.’s Charley Babb and Justin Laub arranged a $2M construction loan for Eko Construction. The loan is for the construction of Bishop Arts Townhomes in Dallas.
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BMC Capital arranged $3.2M of loans for the purchase of multifamily properties in DFW.
- Brian Gramlich arranged a $1.5M loan for a property in McKinney.
- Clayton Wells arranged a $646K loan for the purchase of a multifamily property in Denton.
- Brian Gramlich arranged a $1M loan for the purchase of three multifamily properties: one in Dallas and two in Fort Worth.
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HFF’s John Brownlee and Cullen Aderhold represented the Highland Park Village Partners in the refinancing of Highland Park Village.
