This Week's Dallas-Fort Worth Deal Sheet
LEASES
KBS signed two new leases totaling over 22k SF at Tollway North Office Park. Morrow Hill’s Jonathon Hill and Carlie Wilmes repped SomnoMed in its 17k SF lease, and Swearingen’s Al Piniagua repped Eikon in the other deal, a 5,300 SF lease. Transwestern’s Justin Miller repped landlord KBS.
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Lee & Associates completed a lease for a 25k SF industrial space at 2005 McDaniel Dr in Carrollton. Lee & Associates' Adam Graham repped the tenant. The landlord was repped by Lincoln Property Co.
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Burrell Enterprises renewed its lease at 4906 Cash Rd. The tenant was repped by Mercer’s Jeremy Mercer. The landlord, Larson Group, repped itself.
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Promos Ink has leased 25k SF of warehouse space in Marsh Business Park West, Building 3, in Carrollton. Bradford Commercial Real Estate Services’ Susan Singer and Brock Wilson repped the landlord, GIJV TX 2. Stream Realty’s Eric Crutchfield repped the tenant.
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Abel's Fine Furniture added 12k SF of warehouse space for a total of 22k SF at 4824 Lakawana St. Bradford Commercial Real Estate Services’ Brock Wilson and Joe Santaularia repped the landlord.
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Premier Furniture renewed 11k SF of warehouse space at 3000 Quebec St. Bradford Commercial Real Estate Services’ Brock Wilson and Joe Santaularia repped the landlord. Mercer’s Jeremy Mercer repped the tenant.
SALES
An undisclosed buyer purchased Crescent Ridge, a 51-unit apartment property in Irving. Marcus & Millichap’s Ford Braly repped the seller, its Juan Cuevas and Lucas Fertita repped the buyer.
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Crampton 1352 purchased 20k SF at 4834 Reading St. The buyer was repped by Mercer Co’s Keenan Cook and Landon Broach, and the property was sold by Esiquio Cornejo.
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An undisclosed buyer purchased Bedford Meadows, a 41k SF retail property in Bedford. Marcus & Millichap's Phillip Levy repped the buyer and the seller, a private investor.
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CBRE’s Chris Deuillet sold Fox Hollow Apartments, an 85k SF, 86-unit multifamily community in Grand Prairie to Millwood Apartments.
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Henry S. Miller Brokerage’s Lane Kommer sold 4.5 acres with 14k SF of office space at 310 Rogers Rd in Irving.
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Cacho Family Trust purchased 18k SF at 1115-1117 Explorer St in Duncanville. The buyer was repped by Mercer Co’s Jeremy Mercer, and Mote & Associates’ Bill Mote repped the seller.
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An undisclosed buyer purchased Plaza De Oro, a 94k SF grocery-anchored shopping center in Dallas. Marcus & Millichap's Matthew Sheard and Kelsie Vogds repped the seller. Marcus & Millichap's Philip Levy repped the buyer.
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5C Land Co purchased five acres of commercial land at 1500 Capital Dr in Carrollton. The seller, Illes Land Investments, was repped by Bradford Commercial Real Estate Services’ Joe Santaularia, Brock Wilson and Drew Baccich. Brown & Griffin Real Estate Advisors’ Luke Brown repped the buyer.
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CS Holdings sold 8.2 acres of commercial land at 9860-9900 Crowley Rd in Crowley to Jesus and Margarita Ibarra. Bradford Commercial Real Estate Services’ Nick Talley and Colton Wallis repped the seller.
FINANCING
JLL Capital Markets' Randy Fleisher and Jason Piering secured bridge financing on behalf of Quadrant Investment Properties for the purchase of Saint Paul Place, a 273k SF office property in downtown Dallas. Pine River Capital Management provided the loan.
DEVELOPMENT
Kroger is adding a new 80k SF Signature concept store to its portfolio. The new store will be on an 11.3-acre tract at the southeast corner of North Goliad Street (SH 205) and Quail Run Road in Rockwall. Construction by MYCON General Contractors has already begun and will complete in Q1 2017.
THIS AND THAT
The ESRP team hung out at the RILA Conference last week at the Gaylord Texan. Here are president of industrial services Brad Struck, chairman and co-founder Emmitt Smith, CEO and co-founder Sharon Morrison and EVP Jim Hazard.
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Greysteel’s Boyan Radic, Doug Banerjee, Andrew Mueller and Ryan Hill were named exclusive agents for the sale of The Edmundton Apartments, a 13k SF, 20-unit multifamily community in the historic cultural district of Fort Worth.
