This Week's Dallas-Fort Worth Deal Sheet

The Quad debuted in Uptown Dallas last week, bringing 345K SF of office space and five standalone retail buildings to 2699 Howell St.

Developed by Stream Realty Partners, The Quad is already leased to four tenants totaling 115K SF. The property also includes a penthouse amenity center, an acre of activated open space and will eventually be home to seven dining options, according to a news release.

“The delivery of The QUAD represents a significant milestone for Stream and underscores our commitment to creating innovative and highly amenitized spaces in prime areas like Uptown,” Stream Executive Managing Director & partner Ramsey March said in a statement. “We are thrilled to introduce this exceptional development to our hometown market.”

In addition to March, the project’s development team includes Stream Senior Director Brad Dornak, Senior Director of Design and Construction Jerry Mays and Director of Design and Construction Blake Bell. Stream Senior Vice President Ryan Evanich and Vice President Marissa Parkin handle leasing for the property.

Other key partners include architectural firm Omniplan, landscape design firm TBG Partners and contractor Austin Commercial.

PEOPLE

Landsea Homes appointed Aubrey Dym as vice president of land for the company’s growing Dallas-Fort Worth division. Dym brings more than 16 years of industry experience and will oversee the firm’s land acquisition and development strategies. She comes to Landsea from Mill Creek Residential Trust.

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Lee & Associates DFW completed a 150K SF industrial sale transaction at 1235 W. Trinity Mills Road in Carrollton. Chris Beggins and Adam Graham of Lee & Associates represented the buyer, CUI Properties. Corbin Blount of Lee & Associates represented the seller, 1235 W. Trinity Mills EOC.

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Ben Brewer has joined Hall Group as chief operating officer of Hall Asset Holdings’ real estate portfolio. Brewer will also serve as a member of the firm’s strategic planning group and on the Hall Structured Finance loan committee. Prior to joining Hall Group, Brewer spent 18 years with Hines, most recently serving as market leader for the company’s Dallas operations.

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Lincoln Property Co. named Keats Ali as chief technology officer. In this role, Ali will oversee all aspects of information technology, including enterprise applications, data architecture, infrastructure, security and commercially driven digital solutions. He brings more than 20 years of experience to the firm, most recently serving as vice president of emerging technologies at Hines. 

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Tekmak Development Co. promoted Glenn Decker to president. In his new role, the former vice president of operations will be responsible for the growth and direction of the company as it seeks to expand its hospitality portfolio. The company also confirmed Thomas Kirkland will remain as CEO.

LEASES

Ellis Elite leased 17K SF of flex space in Sandy Lake Business Center, 989 W. Sandy Lake Road in Coppell. Erik Blais, senior vice president of Bradford Commercial Real Estate Services, represented the landlord, H2G Enterprises, in the direct deal.

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Lee & Associates DFW completed a lease transaction for 50K SF of industrial space at 4039 Rock Quarry Road in Dallas. Adam Graham and Stephen Williamson of Lee & Associates represented the landlord, Prologis.

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Fortrea leased 59K SF of office space at 1341 W. Mockingbird Lane in Dallas. TXRE Properties represented the landlord. JLL represented the tenant.

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NAI Robert Lynn facilitated the following leases:

• TPC Packaging Solutions leased 20K SF of warehouse space at 901 Parkway Drive in Grand Prairie. NAI Robert Lynn’s Michael Stanzel and NAI Hiffman’s Mark Moran represented the tenant.

• Direct Caps Co. leased 12K SF of warehouse space at 1031 Avenue G in Arlington. NAI Robert Lynn’s Stanzel represented the landlord and Chris Kennedy of Bradford Cos. represented the tenant.

SALES

Greysteel sold Gateway Apartments, a 76-unit multifamily property in Dallas. Greysteel's Dallas-based multifamily investment sales team, including Andrew Mueller, Doug Banerjee, Jack Stone and Sterling Warren, served as the advisers and agents for the seller and procured the buyer.

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NAI Robert Lynn facilitated the following sales:

• Weby Holdings purchased 61K SF of warehouse space at 525 113th St. in Arlington. Michael Stanzel of NAI Robert Lynn represented the seller, JTM Management. Eugene Krasny of KEI Realty represented the buyer.

• PCI Avenue J purchased about 106K SF of warehouse space located at 1010 E. Avenue J in Grand Prairie. Michael Stanzel of NAI Robert Lynn represented the seller, 1010 East Avenue J.

CONSTRUCTION AND DEVELOPMENT

The Picklr celebrated the grand opening of its location at 1705 S. Cherry Lane in White Settlement on May 24. The facility features 11 indoor courts with outdoor-style surfacing, a pro shop, private event space, unlimited league play, tournaments and open play.

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Spire Realty Group successfully executed a $70M repositioning project at City Place in Downtown Fort Worth. Spire acquired the three-building property at the intersection of Throckmorton and Third Streets in 2011. Since then, the firm has overseen a full renovation of One City Place, including the addition of an Aloft Hotel, invested millions into improvements at Two City Place and turned a vacant mall on the property into City Place Center, which includes structured parking and 31K SF of retail space, including multiple on-site restaurants.

THIS AND THAT

RR Living, the property management company under Dallas-based RREAF Holdings, entered into a partnership with Entryway to provide employment and rental homes for skilled workers. Entryway is a national nonprofit organization providing employment and housing opportunities to individuals at risk of or experiencing homelessness by engaging real estate and property management leaders. Since the partnership’s inception, RR Living has employed six Entryway graduates in multiple communities nationwide.