This Week's Dallas-Fort Worth Deal Sheet
Dallas-based Trez Capital is under new leadership following the transition of founder Morley Greene to executive chairman.
Executive leaders John Hutchinson and Dean Kirkham will take over day-to-day leadership of the firm as co-CEOs, according to a news release. Hutchinson joined the firm in fall 2021, and Kirkham has been with Trez Capital since 2016. Both were named as partners earlier this year.
“My confidence to transition leadership at this time is a testament to the strength and vision of the firm, creating space for our leaders to emerge, fostering innovation and paving the way for Trez Capital to spread its wings and soar higher in the next chapter of growth and success,” Greene said in a statement.
In his new role as co-CEO and global head of origination, Hutchinson will continue to focus on the firm’s debt and equity origination business. Kirkham, who will also serve as president, will focus on the key pillars of risk and capital raising, per the release.
“For several years now Trez Capital has strategically expanded our team of talented leaders who will uphold and build upon the legacy established by Morley, driving our organization forward with purpose and vision,” Kirkham said in a statement. “Most importantly, we will continue to put our investors first in everything we do.”
PEOPLE
Savills named Jihane Boury and Clay Vaughn as vice chairmen in the Dallas office. They bring more than 25 years of combined commercial real estate experience to the firm. Each will specialize in tenant advisory services for the office sector. Both Boury and Vaughn join Savills from CBRE.
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Westwood Contractors added Jessica Elliott as human resources generalist. She will work directly with CEO Robert Benda to manage in-house personnel activities, including recruiting, onboarding, training, benefits administration, performance coaching and compensation management. Elliott joins the company after serving as the civilian human resources director for the U.S. Navy’s Department of Morale, Welfare and Recreation at Joint Reserve Base Fort Worth.
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Trademark Property Co. promoted Todd Anderton to senior vice president of marketing, Laura Hale to vice president of portfolio marketing and Stephany Ruiz to vice president of experience. The leadership changes mark a strategic move as the firm combines its experience and marketing teams.
LEASES
CAPIS renewed its 24K SF lease for its headquarters at 1700 Pacific Ave. in Dallas. Cresa’s Natalie Bode, John Pelletier and Darren Woodson represented the tenant, which has occupied the space since 2016.
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Lee & Associates DFW completed a lease transaction for 19K SF of industrial space at 5325 FAA Blvd. in Irving. Reed Parker of Lee & Associates represented the tenant, Reaction Audio Visual. Mark Graybill and Ken Wesson of Lee & Associates represented the landlord, Nuveen Real Estate.
SALES
A joint venture led by Magma Equities, in partnership with a global real estate fund managed by Macquarie Asset Management, has acquired Bardin Greene, a 285-unit, garden-style multifamily property in Arlington. The off-market transaction was leveraged with five-year financing through PCCP and arranged by Brian Eisendrath with IPA Capital Markets. The seller was Moody National Cos.
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Lee & Associates DFW completed a sale transaction for a 14-acre land parcel located at 19205 Lyndon B. Johnson Freeway in Mesquite. Alex Wilson, Nathan Denton and Reid Bassinger of Lee & Associates represented the buyer, Lovett Industrial.
CONSTRUCTION AND DEVELOPMENT
Corsair Ventures opened The Riley, a 178-unit multifamily community at 480 Commons Drive in Burleson. Designed by HEDK Architects, The Riley offers a range of units averaging 880 SF.
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Adolfson & Peterson Construction will oversee the interior renovation of Raytheon Technologies’ office in Plano. The project, planned for completion in 2023, includes a 236K SF interior finish-out of the existing four-story building, which includes office space and labs. Site improvements, security fencing, additional guard shacks and paving modifications are also included.
THIS AND THAT
Tech-driven hotel management company Life House was selected to manage Hotel Dryce, located at 3621 Byers Ave. in Fort Worth. Business owners Jonathan Morris and Allen Mederos were attracted to Life House’s all-in-one solution, which aims to maximize performance while maintaining the hotel’s local feel, per a news release.
