This Week's Dallas-Fort Worth Deal Sheet
A wall-raising ceremony was held late last week to celebrate the rebuilding of the home of a celebrated Texas activist. A racist mob destroyed the structure in 1939.
Texas Capital, Trinity Habitat for Humanity and HistoryMaker Homes are joining forces to restore Opal Lee’s childhood home at 940 E. Annie St. in Fort Worth. Lee, known as the “Grandmother of Juneteenth,” is a racial justice advocate and was a driving force behind establishing Juneteenth as a federal holiday in 2021.
The home is being gifted to the 97-year-old Lee in recognition of her lifelong work educating people about the significance of Juneteenth, according to a release.
“Our goal with every home we build is to create a place where owners can feel a sense of pride, and we are deeply honored to be part of such a meaningful project,” HistoryMaker Homes CEO Nelson Mitchell said in a statement.
“Dr. Lee represents the very best of our community and our nation in her determination for racial justice, and there is no better way to express our profound gratitude than through her new home.”
PEOPLE
Clint Madison and John Fancher joined Newmark Dallas as executive managing director and senior managing director, respectively. They bring more than 40 years of combined industry experience, leasing more than 14M SF throughout their careers. In their roles, Madison and Fancher will work with Executive Managing Directors Duane Henley and Nathan Durham and associate Natalie Serio to expand Newmark’s landlord representation business in DFW.
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Several employees in JLL’s Dallas and Fort Worth offices were promoted.
- In the industrial division, Nathan Orbin and Kurt Griffin are now senior managing directors. Caleb McCoy and Michael Haggar were promoted to managing directors. Bo Puckett is a senior vice president, while J.M. Priddy was promoted to vice president. Kodie Comby is a senior associate.
- In the office tenant representation division, Taylor Dickerson and Blake Waltrip advanced to executive vice president, joined by Rachel Gorney, who now is a vice president. On the agency side, Chris Wright was promoted to executive vice president, while Lauren Perry and Gini Rounsaville advanced to senior vice president.
- In the healthcare and life sciences business line, Austin Barrett has been promoted to executive vice president, while Reese Bowles assumed the role of senior associate. Curt Holcomb, specializing in data centers, is now a managing director.
- In Fort Worth, Madison Hornisher and Alex Hrapkiewicz were promoted to vice president along with John Davidson, who is now a senior associate.
LEASES
Hart Commercial arranged a 10-year renewal of Regional Employee Assistance Program’s 40K SF lease at 400 Hospital Drive in Corsicana. Hart Commercial’s Allison Johnston Frizzo and Tanya Hart Little represented the building owner, Healthcare Realty Services. NAI Geis Realty Group’s Deidre Hardister represented the tenant.
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FYI Television renewed a 12K SF office lease in Tower 360 at 1901 N. Highway 360 in Grand Prairie. Bradford Commercial Real Estate Services First Vice President Jared Laake, Executive Vice President and Managing Partner Richmond Collinsworth, and Senior Vice President Erik Blais represented the landlord, CC1-North Highway 360. Mary King, Dylan Smith and Billy Vahrenkamp of Colliers represented the tenant.
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Jasper Weller renewed an 11K SF industrial flex lease in Skyway Corporate Center at 3113 Skyway Circle North in Irving. Brian Pafford, executive vice president and managing partner of Bradford Commercial Real Estate Services, represented the landlord, Kennington Skyway Circle. Barry Young of Colliers represented the tenant.
SALES
Lee & Associates DFW completed the sale of a roughly 20-acre industrial site at 12841 S. Interstate 35 in Valley View. Jarrett Huge and Alex Wilson of Lee & Associates represented the seller. The purchaser will develop an RV parking facility.
CONSTRUCTION AND DEVELOPMENT
Comerica Bank was joined by city of Frisco leaders to celebrate the opening of the bank’s new Frisco Business & Innovation Hub, which includes 100K SF of offices across three floors and 4K SF of coworking space on the ground level. The hub was built for the bank’s colleagues and customers and features enhanced technology to support their needs.
FINANCING
JLL Capital Markets arranged a five-year, floating-rate loan on behalf of Lovett Industrial for Addison Innovation Center, an office-to-industrial conversion project at 16675 Addison Road in Addison. The lender is First United Bank and Trust Co. The JLL team was led by Senior Director Jarrod McCabe, while the bank’s team was led by Senior Vice President Brandon Brewer.
THIS AND THAT
Crete United has partnered with ProStar Energy Solutions and will establish a regional office at ProStar’s office in Frisco. The partnership creates a connected delivery model that integrates Crete United’s core HVAC, electrical and other mechanical services with ProStar’s data-backed energy management as a service for the built environment.
