This Week's Dallas-Fort Worth Deal Sheet
Irving City Council unanimously approved a 168K SF sustainable data center that will focus on supporting artificial intelligence.
Edged Energy will build Edged Dallas, a data center outfitted with advanced waterless cooling and ultra-efficient energy systems, according to a news release. The facility will be located at 505 N. Wildwood Drive and will include 24 megawatts of capacity.
Edged Dallas is expected to save 95 million gallons of water per year compared to conventional data centers, per the release.
“Sustainability is at the core of our platform. It is why our data centers are uniquely optimized for energy efficiency and water conservation,” Edged CEO Bryant Farland said in a statement. “We are excited to be partnering with the Irving Economic Development Partnership and City of Irving, a thriving tech hub that shares our commitment to innovation and advancing technology for positive impact.”
The facility is expected to open this fall.
PEOPLE
Michael Wheat was appointed as managing director of JLL’s North Texas Retail Group. Prior to joining JLL, Wheat served as managing director at Cypress Equities, where he oversaw leasing for the firm’s U.S. portfolio.
***
Dallas-based community management firm Associa promoted Alexandra Turner to vice president of sales. Turner was first hired as a business development manager before rising to regional sales director. She led the firm’s Sales Team of the Year in both 2022 and 2023.
***
Stream Realty Partners hired Chris Sido as executive vice president of tenant representation. Based in Dallas, Sido will be responsible for office tenant representation and transaction management as well as new client and business pursuits in DFW and nationwide. He joins the firm from CBRE, where he served as senior vice president.
***
Multifamily investment platform TDI hired Brent Ball as president and partner. Ball will lead efforts to maximize the value of TDI’s existing portfolio, expand focus on attainable housing and provide third-party capital through preferred equity and tax-exempt bond investments. He previously served as senior vice president of asset management for Willow Bridge Property Co.
SALES
Newmark facilitated the sale of North Dallas Infill Portfolio, a four-building, 627K SF industrial portfolio spanning three sites in Carrollton, Farmers Branch and Addison. The portfolio was 100% leased to 13 tenants at the time of sale. Newmark Vice Chairmen Dustin Volz and Stephen Bailey, Senior Managing Director Dom Espinosa, Managing Director Zach Riebe and Associates Taylor Hare and Chloie Mercer represented the seller, AEW Capital Management. The buyer was Forefront Commercial Real Estate.
***
CapRock Partners acquired Peachtree Distribution Center, a 397K SF, Class-A industrial property at 510 N. Peachtree Road in Mesquite. The property was 100% leased to three tenants at the time of sale. CBRE National Partners’ Randy Baird, Ryan Thornton, Jonathan Bryan, Eliza Bachhuber, Nathan Wynne and Elliott Dow represented the seller, a Dallas-based investor-developer.
