This Week's Dallas-Fort Worth Deal Sheet
The great industrial race in Dallas-Fort Worth continues apace with another spec industrial building delivering in Mesquite this month.
Conor Commercial Real Estate announced the completion of its 198K SF Skyline Commerce Center, a two-building, Class-A speculative industrial development in Mesquite.
The facility is located on South Buckner Boulevard and has access to the Interstate 30 frontage road.
Future tenants have possible access to triple freeport tax abatements and incentives through the city.
The site has two buildings: Building 1, which features 135K SF with bay spacing, office, truck docks, a drive-in door, trailer parking stalls, ESFR sprinklers and parking for cars; and Building 2, which comes with 62K SF, office space-to-suit, 18 truck docks, two drive-in doors, ESFR sprinklers and 122 parking spots for cars.
Construction and design services were handled by Cadence McShane Construction Co. and Ware Malcomb's design-build team.
EXECS
Gensler hired architect Matt Williams as a design manager to focus on new business development and project management work for the Dallas office's critical facilities practice area.
Williams has spent more than 15 years in the industry working in various disciplines, including large complex data center design, health care, and science and technology project development in the U.S., Canada and the United Arab Emirates.
Gensler also promoted architect Scott Armstrong to principal in its Dallas office, making him both a principal and studio director.
Armstrong brings experience overseeing large-scale sports, office and civic design projects to the position. He is a member of AIA, ULI and The Real Estate Council of Dallas.
***
Cushman & Wakefield Executive Managing Director Robbie Baty has been selected to lead the brokerage's office tenant representation practice.
Baty brings 16 years of experience in office tenant representation, working with clients looking for headquarters, site selection services, build-to-suit solutions, leases and purchases. He also has experience in negotiating municipal incentives.
***
Commercial real estate investment sales firm STRIVE promoted Adam Gottschalk to partner. Since joining STRIVE four years ago, Gottschalk has completed more than 80 transactions worth more than $237M. He focuses on single- and multi-tenant retail assets across Texas.
***
Data center developer and operator Skybox Datacenters hired Haynes Strader to serve in the newly created position of chief development officer. Strader comes to Skybox after serving as a vice president within CBRE's global data center solutions team. For the past six years, Strader has handled data center transactions, tenant representation services, site selection initiatives and work related to the capital markets interaction with the data center segment.
ACQUISITIONS/SALES
Hopewell Development LP bought 21 acres in the AllianceTexas submarket and announced plans with partner GTIS Partners LP to develop Champions Circle Business Park, a 361K SF, three-building Class-A industrial park off State Highway 114 near Interstates 35 and 820 in Alliance.
Two of the buildings in the park will be 82K SF, while the third building will feature 196K SF of industrial space.
This is Canada-based Hopewell's first project in Texas. Lee & Associates' Nathan Denton and Reid Bassinger represented Hopewell during the purchase negotiations and will serve as the site's leasing agents. JLL's Dustin Volz, Stephen Bailey and Wells Waller are credited with setting up the joint venture between Hopewell and GTIS.
***
CanTex Capital acquired the 123K SF 2917 Oakland St. industrial property in Garland. Stream Realty Partners' Adam Jones and James Mantzuranis represented the tenant, while the seller relied on Alt+Co's Hal Penchan and Matt Troutt.
Jones and Mantzuranis also helped identify construction firm Hill & Smith as a tenant for the entirety of the site, while Stream's Eric Crutchfield represented the new construction firm tenant.
***
Mandalay Holdings Inc. bought 14K SF of industrial space at 5300 East Highway 67 in Alvarado. NAI Robert Lynn's Tom Heraty represented the buyer, while Orr & Associates' Michael Langford represented the seller.
LEASES
Kennington Commercial's DFW portfolio inked several leases in the Dallas-Fort Worth Metroplex last month. Two of those leases were for more than 10K SF.
Bridgewater Preparatory Academy leased 19K SF in Valley View Commerce Center at 1861 Valley View Lane in Farmers Branch.
Eberl Claims Services LLC renewed a 13K SF lease inside the Skyway Corporate Center at 3109 Skyway Circle North in Irving.
Kennington Commercial relied on Bradford Commercial Real Estate Services' Brian Pafford and Susan Singer to handle lease negotiations for the landlord, while Bridgewater Preparatory Academy hired Jim Lake Advisors' Matt Miller. Eberl Claims Services' relied on Stream Realty Partners' Ryan Boozer.
***
Tri Global Energy LLC renewed a one-year, 16K SF lease at 17300 North Dallas Parkway in Dallas from landlord Hartman Income REIT. Hartman Income REIT relied on Jessica Cyphers to handle negotiations.
***
Southwestern Petroleum Lubricants inked a 50K SF industrial lease with landlord Mercantile Partners at 3401 Quorum Drive in Fort Worth. Transwestern’s Billy Gannon and Jeff Givens represented the tenant.
