This Week's Dallas-Fort Worth Deal Sheet

Commercial construction firm Swinerton inked an 11K SF lease at a historic building in the up-and-coming Dallas neighborhood East Quarter.

The firm, which will occupy the entire third floor of the 65.6K SF, five-story building, partnered with IA Interior Architects to build out the space. The 1930s-era building at 2200 Main St. features exposed brick, trusses and existing columns.

Swinerton’s renovations centered on creating a flexible environment that provides a variety of seating options in a multipurpose gathering area, according to a news release.

“We are excited to make our new home in the East Quarter,” Swinerton Dallas Division Manager and Vice President Tyler Whittaker said. “As a firm, we are growing, and 2200 Main will help us attract the best new talent and retain our current high-performing team members as we continue serving the Dallas community.”

Scott Hage with JLL represented Swinerton. Ben Davis with CBRE represented the owner, Todd Interests.

PEOPLE

Apprise by Walker & Dunlop added seven appraisers to its Dallas-based Southwest multifamily valuation and advisory team, including John Jordan, who joins the firm as managing director and brings with him nearly four decades of real estate experience. Jordan is responsible for client relationships, business development and expanding agency expertise.

LEASES

Samsung HVAC America has expanded its operations and will occupy the entire 360K SF Alliance Gateway 55 Industrial Building at 776 Henrietta Creek Road in Roanoke. The facility is Samsung HVAC’s North American headquarters and primary distribution center for its heating and cooling products, which are distributed throughout the U.S. and Canada. Mark Becker, Jay Benner, Adam Cooke and Lou D’Avanzo of Cushman & Wakefield represented Samsung in the transaction. Samuel Rhea and Reid Goetz of Hillwood represented Hillwood.

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TECO Metal Products renewed 90K SF of office/warehouse space at 11477 Pagemill Road in Dallas. Brian Pafford, executive vice president and managing partner of Bradford Commercial Real Estate Services, represented the landlord, 11477 Pagemill Road Owner. Shannon Johnston and Lance Woodward of SRS Industrial Partners represented the tenant.

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Stream Realty Partners completed the following transactions:

• Allied Stone Inc. leased 110.6K SF at 2050 Kestrel Ave. in DeSoto. Stream’s Lena Pierce and Ridley Culp represented the tenant. Ryan Crabtree represented the landlord, Exeter.

• MFS Supply LLC leased 83K SF at 1460 Avenue S in Grand Prairie. Stream’s Sarah Ozanne and Mac Hall represented the tenant. Lee & Associates represented the landlord, Xebec.

• Work Wear Safety Shoes renewed 25.4K SF at 6318 Airport Freeway in Haltom City. Stream’s Forrest Cook and Cheyenne Mungaray represented the tenant. Transwestern represented the landlord, High Street Logistics.

• Varghese Summersett expanded its lease to 15.6K SF at One City Place at 300 Throckmorton St. in Fort Worth. Stream’s Chris Doggett and Cullen Donohue represented the landlord, Spire Realty Group.

• Team Car Care renewed its 12K SF lease at Crestview Tower, located at 105 Decker Court in Las Colinas. Stream’s Tim Terrell and Rhett Miller represented the landlord, CapRidge Partners. 

• Jackson Walker expanded its lease to 17.8K SF at KPMG Plaza at 2323 Ross Ave. in Dallas. Stream’s J.J. Leonard, Marissa Parkin and Matt Wieser represented the landlord, Masaveu. CBRE represented the tenant.

• Blue Sky Bank leased 10K SF at The Colonnade, located at 15301 North Dallas Parkway in Addison. Stream’s Ryan Evanich and J.J. Leonard represented the landlord, Fortis Property Group. Lee & Associates represented the tenant.

• Kidstrong Inc. leased 13K SF at Parkwood Office Center at 3803 Parkwood Blvd. in Frisco. Stream’s Chase Lopez and Ryan Evanich represented the landlord, Orangestar Property Advisors. Austin Schenkel and Evan English with DBA Commercial Real Estate represented the tenant.

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The Cowtown signed a 14K SF lease for its new headquarters in Westcliff Shopping Center at 3548 South Hills Ave. in Fort Worth. The organization, which hosts the largest multirace-running event in North Texas, will use the space to house its daily operations. The lease was executed by LanCarte Commercial. 

SALES

The Emerald Creek Capital Opportunity Fund acquired two warehouses comprising 57K SF in Fort Worth in an off-market sale-leaseback transaction. Tom Hollins and Christian Galanti co-lead the ECC Opportunity Fund, which targets value-add, lease-up and repositioning projects in the multifamily, industrial and self-storage sectors.

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GREA Dallas completed the sale of Sierra Hermosa, a 168-unit apartment community at 3200 Las Vegas Trail in Fort Worth. Executive Managing Director Mark Allen procured an out-of-state buyer. The sale closed in fewer than 90 days despite navigating pending legal issues.