This Week's Dallas-Fort Worth Deal Sheet
Houston-based Sunny West Investments JVed with Town Creek Partners in the purchase of 8.8 acres in Weatherford to build a modern assisted living community with 101 beds and 30 memory care beds.
SVN | TJF Investments managing director Todd Franks arranged a $16M JV partnership between the developer and the equity partners. Todd says the deal meets a need in the submarket where there is nothing like it. Some of the land will be used to develop senior housing or medical office space. This project is the first of six similar developments planned by the partnership over the next two years.
LEASES
Amcor Rigid Plastics extended its 269k SF lease at 4100 Fleetwood Rd in Fort Worth from ML Realty Partners. Top Gun Advisors’ Greg Kloiber and David Stechly repped the tenant.
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Healthaxis signed a 16k SF lease at Spire Realty Group’s 500 E John Carpenter Fwy in Las Colinas for its regional corporate office. Spire’s Campbell Henry repped the landlord. Rubicon Representation’s Kyle Jacobs and Daniel Miller repped the tenant.
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Greenberg Traurig inked a 35k SF lease at Chase Tower in the Dallas CBD. Colvill’s W. Blaine Hale and Cameron Colvill repped the landlord, Hines REIT. CBRE’s Phil Puckett, Jeff Ellerman and Harlan Davis repped the tenant.
EXECUTIVES
Chuck Sellers, Dale Ray and Grant Sumner joined Avison Young in Dallas as principals and will launch and lead the firm’s office agency leasing services throughout the DFW region. The trio most recently served as principals with Peloton Commercial Real Estate in Dallas.
TRANSPORTATION
The $9.9M extension of the M-Line trolley into Downtown is complete with the construction of a new three-quarter mile track extension of the MATA trolley line, creating a reverse loop along Olive and St. Paul streets. A dedication is planned for Friday from 11 am to 3 pm for the public. The Trolley Social will give M-Line riders a chance to explore and visit businesses and locations along the route.
THIS & THAT
E Smith Realty Partners volunteers helped at the North Texas Food Bank by boxing and sorting donations of 10 pallets of 775 boxes, which totaled 17,825 pounds of food. That’s 14,854 meals for families in Dallas and surrounding areas. Here’s E Smith’s Clara Jackson, David Cochran, Kiersten Humbert, Maggie Rowe and Will Haynes II.
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The Elizabeth Toon Charities Concert attracted more than 1,500 people at The Rustic for the annual concert featuring Wade Bowen. Here’s Wade; Elizabeth’s parents, Patti Toon and JLL’s Larry Toon; and entertainer Phil Pritchett. In addition to the concert, the annual shootout had more than 450 people attending and 83 teams. First place was awarded to E Smith Realty Partners and second place went to Structure Tone Southwest. All the funds raised at the concert and shootout will benefit 18 children’s charities in North Texas.
SALES
Balfour Beatty Communities acquired Townlake of Coppell, a 398-unit garden style apartment community on 17.5 acres in Coppell as part of a JV with JLL Income Property Trust.
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The Frank Kent Motor Co purchased a 125k SF former Sealy bedding facility at 6550 Wuliger Way in North Richland Hills as the new corporate HQ for its General Motors accessory distribution business. It will also house the firm’s newly created Texas training facility. Southwest ADI is the exclusive automotive accessories distributor for General Motors brands in the Dallas-Fort Worth, Austin, San Antonio, Houston and The Southern Valley areas. The same ownership also plans to open Fort Worth Grills—a retail and online distributor of barbecue-related items such as the popular Big Green Egg smokers and YETI-related products—at the same address.
