This Week's Dallas-Fort Worth Deal Sheet
AHV Communities is bringing a new build-to-rent development to McKinney.
The 157-unit community will be managed and maintained on-site and will offer a variety of floor plans ranging from three to four bedrooms, according to a July 6 news release. The homes will also include two-car garages, enclosed backyard space and smart home features. A pool, 24-hour fitness center, dog park, game court and more will be available as community amenities.
“All of our rental communities are designed to attract quality residents and are well cared for to ensure marketability, long-term success and enduring value for the city,” AHV Communities co-founder and CEO Mark Wolf said in a statement.
The community will be built along U.S. 380 near a major retail center that includes Walmart and McKinney’s first Whole Foods, scheduled to break ground in the coming months.
Wolf said AHV chose McKinney due to its high level of in-migration as well as the growing need for more rental housing in DFW.
“As a company, we are highly strategic about where we build, evaluating each community location’s prospects for years to come,” Wolf said. “Like other cities in Texas, metro Dallas is experiencing heightened demand for quality rental housing options, especially as so many are getting priced out of the for-sale home marketplace due to rising interest rates.”
AHV expects to break ground on the development in early 2024.
PEOPLE
Financial services firm Tauro Capital Advisors Inc. opened its first Texas office at 7520 Dallas Parkway in Plano. Matt Mueller, a senior adviser at Tauro with more than 18 years of experience in commercial real estate, will head the office. In his career, Mueller has held multiple responsibilities, including joint venture structuring, equity and debt placement, acquisitions and third-party brokerage services.
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John Jacobs joined Citadel Partners as an adviser with the office team. He brings more than 30 years of experience in serving corporate clients’ real estate needs in the DFW area.
Russell Cosby joined Citadel Partners as a market leader with the office team. He brings 43 years of experience in serving corporate clients’ real estate needs in the DFW area.
LEASES
Brasfield & Gorrie extended its 16K SF office lease at The Gild North, 8350 North Central Expressway, Dallas. Marissa Parkin and Matt Wieser with Stream Realty Partners represented the landlord, Fenway Capital Advisors. Charlie Beck, Robbie Baty and Cribb Altman with Cushman & Wakefield represented the tenant.
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Scots Baseball Club Inc. renewed 10K SF of office/warehouse space at 3010 Quebec Road, Dallas. Brian Pafford, executive vice president and managing partner of Bradford Commercial Real Estate Services, represented landlord GKI Industrial Dallas LLC in the direct deal.
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Topographic leased 28K SF of office space at 481 Winscott Road, Benbrook. JLL’s Chris Wright and Cannon Camp represented the landlord, Capital Commercial Investments. Amber Gibson with Stream Realty Partners represented the tenant.
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Johnstone Supply leased 35K SF of industrial space at 820 Exchange and 5030 Anderson Blvd., Haltom City. Forrest Cook, Bob Hagewood and Seth Koschak with Stream Realty Partners represented the landlord. CBRE’s Trevor Atkins represented the tenant.
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Keystone Automotive Industries renewed its 209K SF industrial lease and expanded by 168K SF at 4003 Grand Lakes Way, Grand Prairie. Stream Realty Partners’ Matt Dornak and Ridley Culp represented the landlord, Duke Realty. Tim Vogds with CBRE represented the tenant.
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H&K International leased 170K SF of industrial space at Urban District 30, 1455 Republic Parkway, Mesquite. Matt Dornak and Ryan Wolcott with Stream Realty Partners represented the landlord, Alpha Industrial Properties. Nathan Lawrence with CBRE represented the tenant.
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Home Zone leased 190K SF of industrial space at Heller Industrial Park, 850 State Highway 161, Grand Prairie. Transwestern represented the landlord, Heller Industrial. Luke Davis and Charles Brewer with Stream Realty Partners represented the tenant.
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Michael Lewis Co. extended its 75K SF industrial lease at 2510 West Main St., Grand Prairie. Luke Davis and Charles Brewer with Stream Realty Partners represented the tenant.
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Salad and Go leased 112K SF of industrial space at Dallas Food Center, 2610 McCree Road, Garland. CBRE’s Kevin Kelly represented the landlord, Scout Cold Storage Dallas. Charles Brewer and Luke Davis with Stream Realty Partners represented the tenant.
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Loocam Technology leased 38K SF of industrial space at 2205 Hutton Drive, Carrollton. Mac Hall and Sarah Ozanne with Stream Realty Partners represented the landlord, Westcore. Corbin Blount with Lee & Associates represented the tenant.
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Tao Motor leased 61K SF of industrial space at Parc Royal, 3700 West Royal Lane, Irving. Stream Realty Partners’ Jeremy Kelly and Sarah Ozanne represented the owner/landlord, GID. Greg Nelson and Trace Elrod with Paladin-Partners Commercial Real Estate Services represented the tenant.
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World Asia Logistics leased 43K SF of industrial space at 112 Wrangler Drive, Coppell. Blake Kendrick, Mac Hall and Sarah Ozanne with Stream Realty Partners represented the landlord, Wrangler Center. Eddie Yoo with Landmark Realty Group represented the tenant.
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SOCI extended its 73K SF industrial lease at 9600-9660 Dilworth Road, Dallas. Matt Smith and Sam Aboussad with ML Realty Partners represented the landlord. Stream Realty Partners’ Lena Pierce, Mac Hall and Ryan Boozer represented the tenant.
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Wisenbaker Builder Services leased 68K SF of industrial space at 910 Exchange Circle, Coppell. Lena Pierce, Ryan Boozer and Grant Wisenbaker with Stream Realty Partners represented the tenant.
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LAI Games USA leased 38K SF of industrial space at 4101 Live Oak Drive, The Colony. Bob Hagewood and Mac Hall with Stream Realty Partners represented the landlord, LINK. Spartan Partners’ Greg Whittington represented the tenant.
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Buck Mason leased 55K SF of industrial space at 4105 Live Oak Drive, The Colony. Bob Hagewood and Mac Hall with Stream Realty Partners represented the landlord, LINK. Barrett Bufkin with ESRP represented the tenant.
SALES
Colliers facilitated the sale of 12509 U.S. Highway 287, a more than 50K SF, multitenant office/warehouse investment at 12509 North Saginaw Blvd., Fort Worth. Cody Payne, senior vice president at Colliers, negotiated the transaction on behalf of the buyer and seller, both private investors.
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The Swig Co. sold 901 South Central Expressway, a 536K SF commercial building in Richardson. The building is fully leased to Fossil Group and houses the fashion designer and manufacturer’s global headquarters. JLL’s Andrew Levy represented The Swig Co.
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Brazos Residential acquired River Glen Apartments, 1702 Edgefield Drive, Garland. The 226-unit property was purchased from Pardue Cos., which built the property in 1971. The seller was represented by Northmarq’s multifamily division.
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Arden Logistics Park acquired DFW Infill Portfolio, a 19-building industrial portfolio totaling 764K SF. The portfolio was sold by MoxieBridge, a private real estate firm based in Dallas, as part of a planned disposition strategy. The portfolio consists of an assemblage of properties located within infill locations in DFW submarkets. The transaction was sourced through JLL out of the Dallas office.
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Zamir Equities sold Cedar Hill Crossing, its 188K SF shopping center in Cedar Hill. Located at 420-432-436 North U.S. Highway 67 and FM 1382, the center was acquired by a Dallas-based investor. NAI Robert Lynn’s Tom Salanty, Sam House and Tom Heraty represented the seller.
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Hughes Commercial Properties purchased 16 acres at 1001 East Pleasant Run Road, Lancaster. Hanes Chatham, Matt Dornak and Ridley Culp with Stream Realty Partners represented the seller, HIRA.
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Alcione Holding purchased a 35K SF industrial building at 1121 East Avenue J, Grand Prairie. Lena Pierce and Ryan Boozer with Stream Realty Partners represented the buyer.
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C Realty purchased 17 acres at Campus Drive and Francis D Kenneth Drive in Aurora. Ryan Boozer with Stream Realty Partners represented the buyer. Robert Brehmer with Brehmer Investment Corp. represented the seller, Aurora Industrial Park II.
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Faropoint Ventures purchased a 40K SF industrial building at 2445 Santa Anna Ave., Dallas. Adam Jones and James Mantzuranis with Stream Realty Partners represented Faropoint Ventures and the seller, Hives and Honey Commercial Holdings.
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Faropoint Ventures purchased a 100K SF industrial building at 11839 Shiloh Road, Dallas. Adam Jones and James Mantzuranis with Stream Realty Partners represented Faropoint Ventures and the seller, The Saleh Group.
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Kyte Baby purchased a 154K SF industrial building at 3100 Eagle Parkway, Alliance. Forrest Cook and Brett Carlton with Stream Realty Partners represented the buyer. Michael Stanzel with NAI Robert Lynn represented the seller, SA Rhombus.
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4th India Plaza purchased 9.3 acres at the southwest corner of Richland Boulevard and Coit Road in Prosper. Jamie Jennings with Stream Realty Partners represented the seller, 380 Professional Park, and Kendall Laughlin represented the buyer.
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A newly formed joint venture between PHP Capital Partners and CapRock Partners acquired 1000 Post & Paddock, Grand Prairie. The property totals 95K SF across four buildings. The JV plans to acquire value-add industrial properties throughout major Texas markets, including Dallas-Fort Worth, Houston, Austin and San Antonio.
