This Week's Dallas-Fort Worth Deal Sheet
NAI Robert Lynn's industrial division was awarded the leasing assignment for the 266k SF Trinity 161 Trade Center in Grand Prairie.
Co-developers Somervell Commercial Realty and SOHO Realty Partners recently closed on 15 acres at 3100 SH 161 and Trinity Boulevard, and will break ground this month. NAI Robert Lynn industrial division principal and EVP Michael Stanzel, Great Southwest market director Patrick Embry, and managing partner for industrial leasing John Leinbaugh will lease the building. Located along the highway frontage road with easy entry and exit, the property includes 390 parking spots and can accommodate nearly 25% of build-to-suit office space.
LEASES
CareReview is relocating its HQ from 2225 E Randol Mill Rd to 2221 E Lamar Blvd in Arlington to occupy 11k SF. Bradford’s Richmond Collinsworth repped the tenant. CBRE’s Bryan Graham repped the landlord, Brookhollow II Holdings.
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Technicote signed a 32k SF lease at 4653 Leston in Dallas from Regal Business Center. Transwestern’s Davy Wright and Jeff Givens repped the tenant.
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ProTech Diamond renewed its 12k SF lease at 1600 109th St in Grand Prairie with Howard Bock. Transwestern’s Joe Rudd repped the landlord.
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Universal Soccer Arena signed a 22k SF lease at 11122 Ables Lane in Dallas from Ables Dallas. Mercer Co’s Keenan Cook and Jeff Mercer repped the landlord.
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Boultinghouse inked a 10k SF lease at 2636 Freewood in Dallas from Vivian Jones Management Trust. Kent Realty’s Bob Kent repped both landlord and tenant.
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RPM Fulfillment leased 12k SF at 2709 Market St in Garland from DCT Industrial. NAI Robert Lynn’s Dave Peterson repped the tenant; colleague Stephen Cooper repped the landlord.
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Bershtel Enterprises leased 38k SF at 1000 Shiloh Rd in Plano from GLP. NAI Robert Lynn’s Dave Peterson repped the tenant. Mark V’s Jeff White and Mike McCartan repped the landlord.
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Capstone Global signed a 248k SF lease at 1900 Timberlake Dr in Arlington from Emeric Properties Corp. Mercer Co’s Jeremy Mercer repped the tenant. CBRE’s Brian Graham repped the landlord.
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US Bank National Association leased 14k SF at 13737 Noel Rd in Dallas. Lincoln Property’s Justin Collins repped the tenant. Cushman & Wakefield’s Chris Taylor, Trey Smith and Lauren Napper repped the landlord.
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Premier Performance leased 20k SF at 1601 Wallace Dr in Carrollton. Cushman & Wakefield’s Chris Hillman, David Eseke and Blake Anderson repped the tenant.
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McCarthy Building Cos renewed its 21k SF lease at 12001 N Central Expressway in Dallas. Transwestern’s Duane Henley and Nathan Durham repped the landlord, RPD Catalyst.
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The Grandy’s at 2240 Coit Rd in Plano was demolished to make way for a new Dairy Queen Chill and Grill. Here’s ASG Real Estates Co’s James Hankins, who was on-site during demo. He repped the owner in the 41k SF ground lease to DQ. John T. Evans Co’s Chris Burks, Jim Jamerson and Dan Garret repped the tenant.
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The nonprofit AT&T Performing Arts Center is relocating its administrative office and call center from 2100 Ross Ave to Plaza of the Americas – North Tower at 700 N Pearl in the Dallas Arts District. The lease includes a sublease and a direct lease, totaling almost 20k SF. CBRE’s Josh White, Chelby Sanders and Robert Zale repped the center in the site search and lease negotiations.
KUDOS
The 342k SF Legacy Tower at the southeast corner of the Dallas North Tollway and Legacy Drive earned LEED Gold certification.
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Methodist Health System Foundation honored retired TDIndustries CEO Jack Lowe Jr. as the 2015 Robert S. Folsom Leadership Award recipient at its annual fundraiser. Established in 2005, the award recognizes individuals whose demonstrated commitment and excellence in community leadership emulate the achievements of former Dallas Mayor Robert S. Folsom. Because of Jack’s commitment to education and children, this year’s proceeds of more than $1.3M net will go to support Methodist’s Centering Pregnancy Program and to the Centering Parenting program to assist young mothers and their newborns during the first year of life. Here’s Jack (right) with KDC’s Steve Van Amburgh and his wife, Lee Ann Van Amburgh. Jack joins an illustrious list of past recipients: Robert S. Folsom (2005), Nancy Ann Hunt (2006), Troy Aikman (2007), Laura Bush (2008), the late Norman Brinker (2009), Pat and Emmitt Smith (2010), Trevor Rees-Jones (2011), Mike Boone (2012), Rev. Mark Craig (2013) and Bobby B. Lyle (2014).
SALES
Forney Innkeepers sold a three-acre hotel site in Forney to a group planning a 72-unit Holiday Inn Express development. NAI Partners’ Lisa Hankamer repped the seller.
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Stage Equity Partners acquired a 37k SF fully leased Class-A multi-tenant MOB at 4780 N Josey Lane in Carrollton.
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Davidson & Bogel Real Estate’s Geoff Young, Edward Bogel and David Davidson Jr. repped the seller, JTL Capital, on a one-acre sale at Parker Road and Windhaven Parkway in Lewisville. The site, on the north side of Castle Hills, was purchased by GAI Group, which plans to develop a daycare facility. GAI Group was repped by Citywide Alliance Realty’s Mahesh Gajjala.
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Centennial Holding Co sold a Class-A 328-unit luxury apartment community at the corner of Spring Creek Parkway and Windcrest Drive in Plano to a private real estate fund managed by Crow Holdings Capital – Real Estate and BK Real Estate Funds. JLL’s Jeff Price, Bill Simmons and Alisan Rutland handled the transaction. JLL’s Mark Brandenburg secured financing for the acquisition.
EXECUTIVE PEOPLE
Tom Baty joined Capstone Commercial as director. He reps tenants, landlords and investors in sales, leasing and investment transactions.
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Falcon Realty Advisors promoted Michael Walters to president of the restaurant and entertainment group and appointed Cal Marsh as director of national restaurant accounts. Lane Cardwell joined the restaurant and entertainment group as director.
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Michael Caffey was promoted to president of CBRE Group’s Texas and Oklahoma division. He is also responsible for CBRE’s business in Arkansas and Louisiana. He was previously executive managing director for CBRE’s Texas and Oklahoma division. Prior to that, he was the senior managing director in CBRE’s Dallas office.
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Kathy Boop joined Fidelity National Title’s commercial group as VP of business development.
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Lee & Associates promoted Brett Lewis to principal. He joined Lee & Associates DFW in 2009 as an associate, specializes in office/industrial brokerage, and represents owners, users and tenants of industrial and office properties throughout the Northeast Dallas area and the US.
