This Week's Dallas-Fort Worth Deal Sheet
Maxim Integrated inked a deal to occupy the entire third and fourth floors and a portion of the first floor in the 200k SF Tollway Center on southbound Dallas Parkway between Spring Valley and Belt Line roads. This lease brings the center’s occupancy to 80% before opening its doors.
Tollway Center (on six acres) is being developed by Cawley Partners in a JV with its capital partner, USAA Real Estate Co, with the construction loan provided by American Bank of Texas. The project, designed by BOKA Powell and constructed by Hill & Wilkinson, will be completed by June. E Smith Realty’s Jim Hazard, Sharon Morrison and Saadia Sheikh repped the tenant. Cawley Partner’s Jeremy Duggins and Addie Ludwig repped the landlord.
LEASES
Niagara Bottling inked a 630k SF lease at 1 Mountain Creek Pkwy in Dallas. Lee & Associates’ Trey Fricke and Reid Bassinger repped the tenant. CBRE’s Kacy Jones and Steve Koldyke repped the landlord.
***
54th St Bar & Grill inked a 1.5-acre lease on Main Street and the Tollway in Frisco. Falcon Realty Advisors’ Michael Walters repped the tenant. The Retail Connection repped the landlord.
***
Formation Real Estate’s Robert Sawyer repped CSC Sugar on a lease expansion and renewal for 91k SF at 1901 Windsor Place in Fort Worth. The landlord, Conti Warehouses, was self-repped by Ryan Wood.
***
Kuehne + Nagel leased 117k SF at 4265 Trade Center in Grapevine. Stream’s Blake Kendrick and Jeremy Kelly repped the landlord, TIAA-CREF. Blake Anderson with Cushman & Wakefield and Real Estate Advisory Partners repped the tenant.
***
BV Powersports leased 36k SF at 1432 Wainwright Way in Carrollton. Stream’s Ryan Boozer repped the tenant. Duke Realty repped the landlord.
***
IBM leased 66k SF at 11511 Luna Rd in Farmers Branch. Transwestern principal Duane Henley and SVP Nathan Durham repped the landlord, Lexington Lion Farmers Branch.
***
Telvista renewed its 72k SF lease at 1603 LBJ Freeway in Dallas. Transwestern principal Duane Henley repped the landlord, Regis Realty.
***
Promos Ink leased 25k SF at 1215 Marsh Lane in Carrollton. Bradford repped the landlord, GIJV TX 3. Stream’s Eric Crutchfield repped the tenant.
THIS & THAT
The Trammell Crow Co Dallas office members participated in the recent Big D Climb. They climbed 70 stories (1,540 steps) up the Bank of America Plaza. Together, with CBRE, they raised nearly $23k for The Leukemia & Lymphoma Society.
EXECUTIVES
Granite Properties promoted Greg Fuller to president and COO. He will oversee the corporate administration, marketing, human resources, operations, development and IT departments, as well as leasing and growth initiatives in Dallas. Greg started at Granite in 2000 as managing director and was promoted to COO in 2006.
***
Frank McCafferty joined Savills Studley as executive managing director and co-branch manager of the Dallas office alongside EVP Kelly Winn. He comes from Cushman & Wakefield, where he was an executive managing director.
***
William MacDonald is Mill Creek Residential's first president. He will maintain his role as chief investment officer and is a founding shareholder. He will continue to have responsibility for all development, construction, acquisition and market research activity for a Mill Creek pipeline that has a total capitalization of more than $8B. He will also continue to administer the company’s capital allocation across its development and acquisitions portfolio.
SALES
Institutional Property Advisors handled the sale of The Phoenix, a 170-unit luxury multifamily community at College Avenue and West Peter Smith Street in Fort Worth. The terms of the sale were not released. IPA executive director Will Balthrope, IPA director Drew Kile and Marcus & Millichap associate Rowan Burch advised the seller, Eisner Development Corp of Fort Worth and Ventures Development Group of Baton Rouge. The trio also repped the buyer.
***
CheckerProp Acquisitions purchased an 82k SF property at 700 106th St in Arlington from Tamarack Associates. Stream’s Luke Davis and Matthew Dornak repped the seller. Stream’s Eric Crutchfield repped the buyer.
GRAND OPENING
Country music band Shenandoah headlined the grand opening shindig for The Courtyard by Marriott Hotel and Conference Center in Midlothian. As part of the festivities, a 30-foot-tall steel and concrete sculpture entitled Combination was unveiled. The new four-story, 102-room Marriott Courtyard hotel features Marriott’s new room design with hybrid zones for working, sleeping, relaxing and getting ready. Pictured: Midlothian Economic Development CEO Larry Barnett, Midlothian Community Development Corp chairwoman Tami Tobey, hotel developer Gatehouse Capital CEO Marty Collins, and Brad Oldham International’s Christy Coltrin and Brad Oldham.
