This Week's Dallas-Fort Worth Deal Sheet

Global law firm Sidley Austin signed a four-floor, 118K SF lease at 23Springs, a Class-A office building under construction in Uptown Dallas.

The company occupies 80K SF at McKinney & Olive, an Uptown development also owned by Granite Properties and Highwoods Properties. The Sidley deal brings the 627K SF 23Springs project to 53% leased and follows lease commitments from Deloitte and Bank OZK. 

“The development’s leasing velocity remains strong and reflects the continued robust demand for premier office space that is exceptionally located and walkable to shops and restaurants,” Granite Properties Senior Managing Director Paul Bennett said in a statement.

23Springs is scheduled to be completed in March 2025. Sidley Austin plans to relocate in January 2026. 

PEOPLE

Citadel Partners expanded its services to include project leasing and added Cullen Donohue as market leader. He will represent real estate owners across Tarrant County by helping them implement marketing strategies and property improvements to attract tenants, drive occupancy and increase the value of their properties. 

LEASES

Preziosa Stone leased 24K SF at PROTO Park, M2G Ventures’ urban industrial redevelopment at 3200 Irving Blvd. in Dallas. The lease brings the 250K SF property to 100% occupied. Preziosa Stone was represented by Sheenu George with KW Commercial. M2G was represented by Sarah Ozanne and Lena Pierce with Stream Realty Partners. 

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ML Realty Partners signed deals with the following tenants:

• Hohmann & Barnard leased 96K SF at 5600 Stratum Drive in Fort Worth.
• Jack Black renewed its lease and expanded to 59K SF at Park West Crossing at 551 Southwestern Blvd. in Coppell.
• Morsco HVAC Supply renewed 50K SF at 1402 Dunn Drive in Carrollton.
• Johnson Controls renewed 32K SF at Park West Commerce Center at 1150 Enterprise Drive in Coppell.
• Blount Fine Foods renewed 28K SF at McKinney Trade Center at 320 Wilmeth Road in McKinney.
• Winsupply of Dallas expanded to 16K SF at 1445 W. Belt Line Road in Carrollton.
• Flatiron Crane Co. renewed 12K SF at Union Bower Business Park at 400 Union Bower Court in Irving.

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Kimley-Horn renewed its lease and expanded to 69K SF in Burnett Plaza at 801 Cherry St. in Fort Worth. Matthew Cortez, Charles Daggett and Jeff Eisenhart of Savills represented the tenant. TXRE Properties handles leasing and management services for Burnett Plaza.

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Chesmar Homes leased 10K SF at The Plaza at Solana, located at 1301 Solana Blvd. in Westlake. Kent Smith of NAI Robert Lynn represented the tenant. TXRE Properties handles leasing and management for the development.

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BT Dealz leased 15K SF of junior anchor space at 2325 S. Stemmons Freeway in Lewisville. David Zoller with Weitzman handled negotiations as the project leasing agent. The retailer was represented by Al Paniagua of Swearingen Realty Group.

SALES

3 Pillars Equity acquired the Shops at The Gate in Frisco, a 16K SF Class-A retail center built in 2021. The property consists of two buildings at 6560 John Hickman Parkway and 4606 Frisco Green Ave. Both buildings were 100% occupied at the time of purchase. The seller, an investment group based in the Middle East, was represented by Avison Young principals Mike Kennedy and Darrell Betts. 

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Peak Development Partners sold a 14-acre parcel at the corner of El Dorado Parkway and Stonebridge Drive in McKinney. SLX Development purchased the property for an undisclosed price and plans to use it for a mixed-use development.

Peak still owns 4 acres and will break ground in the second quarter on four retail pad sites, which are scheduled to be complete by the first quarter of 2025. Peak represented itself. SLX Development was represented by Evan English and Tim McNutt of DBA Real Estate.

THIS AND THAT

Portland-based Ethos Commercial Advisors opened a new office in Dallas, its first outside the Pacific Northwest. The office will be led by Senior Managing Director Devin Kopas, who comes to Ethos from JLL, where he served as a vice president. Ethos offers tenant representation, agency leasing, investment sales, and debt and equity placement.

Also joining the office is Camden Muller, who will serve as director. He formerly served as assistant vice president at one of Portland’s largest brokerages.