This Week's Dallas-Fort Worth Deal Sheet

Work kicks off today at 400 Record on extensive renovations, including significant upgrades to the entrances, a new glass-walled lobby, a new fitness center, a new conference center and a sky garden on the top floor.

Formerly known as the Belo Building, the 17-story, 235k SF office tower at the corner of Wood and Record in Downtown Dallas is now owned by the Hartland-Mackie family. Gensler will oversee the renovations, and Structure Tone will serve as the GC. A restaurant headed by chef Bruno Davaillon will be added as well. The office tower was built between 1983 and 1985 and designed by Dallas architect Omniplan.

SALES

Walters Wedding Estates purchased three venues totaling 43k SF in North Texas. The properties include The Denton Mansion, a 12k SF estate on 14 acres, and two venues on the same 48 acres in Aubrey: The Aubrey Mansion, a 22k SF manor and The Barn, a 9k SF classic red barn. Powell Realty Advisors’ Robert Powell and Providential Realty Partners’ Kevin Archer repped the buyer. All three properties, designed and purpose built as wedding venues, were developed and sold by Micah Deweerd Holdings.

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Highway 360-Matlock Road-Broad Street Partnership sold two parcels including 4.6 acres at the southeast corner of Hwy 360 and Broad Street in Mansfield to 360 Cross Roads for a proposed retail and restaurant development, and three acres at the southwest corner of Broad Street and Holland to Holland Crossing for restaurant and retail development. John T. Evans Co’s Jim Jamerson and Chad DuBose handled the transactions.

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Kaizen Real Estate purchased 39k SF from Holland Crossing for a future Denny's Restaurant at the southwest quadrant of East Broad Street and North Holland Road in Mansfield. John T. Evans Co’s Chris Burks repped the purchaser. John T. Evans Co’s Jim Jamerson and Chad DuBose repped the seller.

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Texas Kings Investments bought a 72k SF building at US Hwy 67 at Main Street in Midlothian. NAI Robert Lynn’s Tom Heraty repped the seller.

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Loh Preston Development purchased 62k SF at the southwest corner of Preston Road and Hickory Street in Frisco for a future shopping center development. John T. Evans Co’s Mike Sandel and Paul Vernon repped the buyer.

FINANCE

NAI Robert Lynn Investment Services’ Mark Robertson and Tim Feagans negotiated debt and equity for development of a 265k SF industrial service center at 3100 SH 161 at Trinity Boulevard in Grand Prairie. Somervell Development’s Jesse Pruitt is co-developing the property with SOHO Realty Partners, an offshore investment fund.

LEASES

Democracy Partners leased 59k SF at 5560 Tennyson Pkwy in Plano. NAI Robert Lynn’s James Davis and Dan Jardine repped the tenant.

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MultiView inked a 110k SF lease renewal for the digital marketing company’s corporate HQ at 7701 Las Colinas Ridge in Irving. Transwestern principal John Fulton repped MultiView. Transwestern principal Duane Henley and SVP Nathan Durham repped the building owner, Regent Properties.

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Eupen Cable USA leased 28k SF at 1009 S Commercial Blvd in Arlington. NAI Robert Lynn’s Todd Hubbard repped the landlord. Colliers International’s Allyson and Allen Gump repped the tenant.

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American Logistic Services leased 73k SF at 3300 Wood Dr in Garland. NAI Robert Lynn’s John Leinbaugh and Stephen Cooper repped the landlord.

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Truckland US leased 27k SF at 2401-2423 Fabens and 2424 Joe Field Rd in Dallas. NAI Robert Lynn’s Robert Blankinship repped the landlord.

EXECUTIVES

Phil Pearson joined Trademark Property Co as VP of leasing. He will work with potential tenants, development partners and construction representatives to coordinate the entire leasing process. He will create and maintain relationships with national retailers, restaurants, brokers and consultants. Prior to joining Trademark, he was the head of retail asset management for Lincoln Property Co.

NEW CONSTRUCTION

Stream Data Centers acquired 16 acres to build a new 210k SF data center development at Legacy Business Park in Plano. The purpose-built data center will be constructed using Miami-Dade County Building Code Standards, providing the ability to withstand sustained 185 mph straight-line winds. This will be Stream’s second data center development in Legacy and its fourth development in the Dallas market in the last four years. Stream Data Centers will break ground in Q2. The facility will be ready for occupancy in Q1 2017.

THIS & THAT

A photo of Fort Worth Alliance Airport’s control tower is one of only three American airport towers on display at the National Air and Space Museum of the Smithsonian in Washington, DC, as part of the Art of the Airport Tower exhibition, which takes visitors on a photographic journey of airports in the US and around the world. Listed in the Contemporary Towers category, Fort Worth Alliance Airport’s tower, a North Texas icon, designed by Albert Halff Associates and built in 1992, was selected for its architectural significance and cone-shaped feature. It was photographed by Smithsonian photographer Carolyn Russo, who is known for sharing various designs and styles of air traffic control towers throughout aviation history. In addition to the Fort Worth Alliance Airport tower, the display includes images of control towers from Edwards Air Force Base in Southern California and John F. Kennedy International Airport in New York. The exhibition is on display at the Smithsonian’s National Air and Space Museum through November. A traveling tour, which will include 50 large-format framed photographs with text labels to describe the airport history and tower, begins in December.