This Week's Dallas-Fort Worth Deal Sheet
A building belonging to nonprofit organ recovery firm Southwest Transplant Alliance has been sold to a law firm.
The Fears Nachawati Law Firm acquired Southwest Transplant Alliance’s 33K SF office building at 5489 Blair Road in Dallas as the organization prepares to move its own headquarters to a new site after 10 years.
Cushman & Wakefield’s Mike Gosslee represented Southwest Transplant Alliance, while Newt Walker Co.’s Newt Walker represented Fears Nachawati.
Southwest Transplant Alliance is building a state-of-the-art facility to host its new headquarters and provide a strategic location to allow for the quick transport of organs and tissues from hospitals across Texas.
Cushman & Wakefield’s Project and Development Services Group is also handling construction of Southwest Transplant Alliance's new 77K SF facility.
Acquisitions
Innovatus Capital Partners purchased the five-story Park Center building at 2400 North Dallas Parkway in Plano. Lincoln Property Co. is providing property management and leasing services.
This is Innovatus’ second purchase in DFW after it acquired Frisco Bridges, 5 miles north of Park Center.
This asset is 95% leased and includes tenants such as Learfield IMG College, QBE America, Forescout Technologies and Capital Title of Texas.
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SSC Properties purchased a 68K SF industrial building at 2090 McGee Lane in Lewisville. SSC Signs and Lighting will consolidate three of its locations into the facility.
The city of Lewisville and its economic development corporation offered modifications and flexibility to the property to help secure the deal.
NAI Robert Lynn’s Ryan Lee and Jim Hancock represented the seller.
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A Dallas-based investor group acquired the 175-unit Tribecca Pointe apartment complex at 601 Brown Trail in Hurst. Marcus & Millichap’s Al Silva and Ford Braly marketed the property for the Dallas-based investment company that put it up for sale. Silva’s team also procured the buyer after a four-week marketing campaign that brought out 29 potential buyers and 11 total offers.
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A 68K SF office complex known as Commerce Park has been acquired by Astura Medical. The site is located at 4929 and 4949 Royal Lane in Irving. Cushman & Wakefield’s Adam Curran represented the buyer, while Centurion Real Estate Partners’ Ben Sumner and Keith Fischer represented the seller, Charter Holdings.
Leases
Samsung SDS leased 24K SF in APEX, an office building at 3033 West President George Bush Highway in Plano.
Cushman & Wakefield’s Scott Hobbs, Kim Lyon and Ashley Tanton represented Samsung SDS, while Transwestern’s Duane Henley and Nathan Durham represented the property’s landlord.
APEX is a 186K SF office building constructed in 2007 that sits in the heart of the Legacy office submarket.
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The Window Outfitters inked a deal to lease nearly 30K SF at 10405 Shady Trail in Dallas. Mercer Co.’s Jeremy Mercer represented the tenant, while Lee Associates’ Adam Graham and Ken Wesson represented the landlord, EastGroup Properties LP.
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Gartner Inc. inked a deal to lease 55K SF at Las Colinas Connection 1 at 6031 Connection Drive in Irving. Cushman & Wakefield’s Randy Cooper, Matt Heidelbaugh, Amber Roberts, Lou D’Avanzo and Andy May represented the tenant.
Thirty-Four Commercial’s Sarah Hinkley and JLL’s Joel Pustmuller represented the landlord, Piedmont Office Realty Trust.
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Informa Exhibitions U.S. entered into a 23K SF lease in Urban Towers at 222 West Las Colinas in Irving.
Cushman & Wakefield’s Billy Gannon represented the tenant, while Cushman’s John Fancher and Matt Schendle represented the landlord, Parallel Capital Partners.
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Worksuites inked a 19K SF lease in Southlake Town Square at 1560 East Southlake Blvd. ESRP’s John Pelletier represented the tenant, while Cushman & Wakefield’s Ward Eastman and Christy Thelen represented the landlord, RPAI Southwest Management.
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Pegasus Senior Living signed a 10K SF sublease in Preston Trail Atrium at 17330 Preston Road in Dallas. Cushman & Wakefield’s Travis Boothe and Matt Heidelbaugh represented the subtenant, while Newmark Knight Frank’s Kevin Griffith represented the sublandlord, SearchDex.
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Manchester Tank renewed a 20K SF lease in Crosby Business Park at 1312 West Crosby Road in Carrollton. Cushman & Wakefield’s Mark Collins and Dean Collins represented the tenant, while Holt Lunsford Commercial, the landlord, was self-represented.
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A 68K SF office complex known as Commerce Park has been acquired by Astura Medical. The site is located at 4929 and 4949 Royal Lane in Irving. Cushman & Wakefield’s Adam Curran represented the buyer while Centurion Real Estate Partners’s Ben Sumner and Keith Fischer represented the seller, Charter Holdings.
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Recore Properties hired Bradford Commercial Real Estate to help it lease 58K SF at three projects in its portfolio. The project has been assigned to Bradford broker Josh Meraz.
Meraz will be marketing a 27K SF office showroom at 131 and 149 Payne St. in the Design District along with a 25K SF office-warehouse at 131 Yorktown St. in Oak Cliff and a nearly 6K SF office-retail space at 2720 West Mockingbird Lane near Dallas' Love Field.
Design And Construction
The Westin Dallas Fort Worth Airport hotel underwent a massive renovation with the help of interior design firm C+TC Design Studio.
The hotel now offers refurbished rooms, 28 corner suites, 28 executive suites and residential suites along with an updated restaurant, bar and fitness center.
In addition, the hotel now offers a nearly 3K SF Westin Club for Marriott Bonvoy reward members.
This Or That
The Magdalen House, a nonprofit that helps women achieve sobriety and deal with alcoholism, is about to get a new facility with the help of developer KDC.
The 8K SF facility in Dallas will give the organization 44% more space and will be located just northeast of Downtown Dallas. The site should be completed in early 2021.
The nonprofit offers women detox services and recovery programming at no cost and without insurance or state funding.
