This Week's Dallas-Fort Worth Deal Sheet

Deloitte leased four floors at 23Springs, a 626K SF office property under construction in Uptown Dallas.

The professional services firm is planning to relocate from its office in the Dallas Arts Tower in spring 2026, according to a news release. Co-developed by Granite Properties and Highwoods Properties, 23Springs is scheduled for completion in the first quarter of 2025.

“[23Springs] is attracting big brands,” Granite Senior Managing Director Paul Bennett told The Dallas Morning News. “We have a lot of activity and are close on some other big deals.”

Deloitte’s commitment comes in the wake of Bank OZK’s four-floor lease comprising 110K SF in April 2022. The development is now 34% leased, a spokesperson for Granite Properties said.

PEOPLE

Crescent Real Estate promoted Christopher Goff to senior vice president of capital formation. In his new role, Goff is responsible for overseeing the company’s equity capital formation efforts and maintaining and enhancing relationships with investors. He joined Crescent in 2020 and has previously held positions in the hospitality investments group and as vice president of capital formation.

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LanCarte Commercial added Mark Boone as vice president in its Dallas office. Before joining LanCarte, Boone served as director of sales and leasing at Realty Capital Management.

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McCarthy Holdings promoted Billy Naylor to senior vice president of national safety. In this role, Naylor will oversee the implementation of McCarthy’s national safety program, including all company policies and procedures regarding safety. He will replace Kevin Maitland, who is retiring. Naylor joined McCarthy in 2006. Prior to his promotion, he was vice president of safety for the Southern region of McCarthy Building Cos.

LEASES

Sure Storage leased 3 acres of fenced and paved outdoor storage comprising 131K SF at 4025 Singleton Blvd. in Dallas from CanTex Singleton. Jason Finch, first vice president of Bradford Commercial Real Estate Services, represented the landlord.

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Arbor Diagnostics renewed 22K SF of flex space in Westwood Business Park at 1801 Royal Lane in Farmers Branch. Jason Finch, first vice president of Bradford Commercial Real Estate Services, represented the landlord, PRE Westwood.

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Skywalker Property Partners leased 20K SF at 3301 Airport Freeway in Bedford to the United Football League to house operations centers for the San Antonio Brahmas and Michigan Panthers. Trevor Brown and Theron Bryant of Transwestern represented the landlord, Leasing on a Jet Plane. Dean Collins of Cushman & Wakefield represented the UFL.

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​​Molto Properties pre-leased 75K SF of warehouse and distribution space to RIM Logistics at GSW Commerce Center at 161 in Grand Prairie. The pre-lease is the first in the overall development of two speculative industrial buildings totaling 465K SF. Forshey Hoobler at KBC Advisors represented RIM. CBRE’s Brian Gilchrist, Steve Koldyke and Kacy Jones are overseeing the marketing and leasing of the business park on behalf of the developer.

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Stream Realty Partners facilitated the following leases.

• Twin Med leased 200K SF at 3838 W. Miller Road in Garland. Stream’s Ryan Wolcott and Matt Dornak represented the landlord, Link Logistics. Jason Lichty and Luke Troedson with Savills represented the tenant.
• Thrift Books Global renewed its 178K SF lease at Pinnacle Industrial Center in Dallas. Stream’s Dornak and Ridley Culp represented the landlord, Nuveen Real Estate. Tim Vogds with CBRE represented the tenant.
• Hanshow America leased 11K SF at Apex I at Legacy, located at 5801 Headquarters Drive in Plano. Stream’s Nate Hruby and Taylor Tuite represented Hanshow America. John Brownlee, Michael Williams and Gini Rounsaville with JLL represented the landlord.
• Alliance Clinical Network leased 13K SF at Freeport Office Center III, located at 8700 Freeport Parkway in Irving. Stream’s Tim Terrell and Rhett Miller represented the landlord. Dunn Commercial Management represented the tenant.

SALES

Newmark facilitated the sale of Parkway Centre IV, a 153K SF office building at 2701 Dallas Parkway in Plano. Newmark Vice Chairmen Chris Murphy, Robert Hill and Gary Carr represented the seller, an undisclosed financial institution, in the sale to the buyer, a California-based family office. The price wasn't disclosed.

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Lion Real Estate acquired District 2308, a 240-unit Class-B multifamily property in Arlington, with plans for a full renovation. Lion owns 2,226 units in DFW.

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Knightvest Capital acquired Tribeca Apartments in Plano’s Legacy area. The firm plans to renovate the 398-unit property, which it has rebranded as the Dorian Apartments.

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Marcus & Millichap facilitated the sale of Garrett Gardens and Moser Gardens, two multifamily assets totaling 130 units in the Knox-Henderson neighborhood of Dallas. Al Silva, senior managing director of investments, and Ford Braly, first vice president of investments, had the exclusive listing to market the properties on behalf of the seller, an out-of-state private partnership. The buyer, a Dallas-based owner-operator with nearby holdings, was also secured by the Silva-Braly multifamily team.

FINANCING

Marcus & Millichap Capital Corp. arranged $23M in agency financing for the acquisition of Maravilla Apartment Homes, a 310-unit property at 2625 Community Drive in Dallas. The MMCC capital markets team was led by Dallas-based Director Ralph Rader, who worked in conjunction with Marcus & Millichap's Fluellen-Hoover multifamily group to procure financing for the buyer, a partnership led by Granite Towers Equity Group.

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BWE secured a $16.8M Freddie Mac loan on behalf of a Dallas-based developer for Estates at Ferguson, a planned 164-unit, age-restricted, garden-style affordable housing development in Dallas. Short-term tax-exempt bonds were issued by the Dallas Housing Finance Corp., and an allocation of 4% Low-Income Housing Tax Credits was secured through the Texas Department of Housing and Community Affairs.

THIS AND THAT

Dallas-based Susser Banc Holdings Corp. and its subsidiary, Susser Bank, raised $40.3M in December, doubling its initial targeted goal of $20M. The private capital raise included capital from 68 new investors as well as several existing investors. Susser Bank offers a suite of personal and commercial banking products, including CRE loans.