This Week's Dallas-Fort Worth Deal Sheet
A trio of industry veterans launched a new commercial real estate firm. Inroads Realty specializes in landlord and tenant representation, property and asset management and investment sales.
Principals Mike Cagle, Bill Archer and Taylor LeMaster already have more than 50 retail clients in North Texas, including Buddy Valastro, aka the Cake Boss, who opened a bakery in Preston Center.
LEASES
Gatekeeper Systems signed a lease for 14k SF at 3315 E Randol Mill in Arlington. Transwestern’s Joe Rudd and Jeff Givens repped the landlord, Howard Bock.
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All Risks Ltd leased more than 10k SF at 3 Park Central. Younger Partners’ Heather Shover, Kathy Permenter and Sean Dalton repped the landlord, McKnight Realty Partners, in the extension of 5,110 SF and the expansion of 5,058 SF for the wholesale specialty insurance broker.
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Atento renewed 36k SF for 37 months at University Tech Center III. Stream Realty Partners’ Jason Schnittger and Kevin Cosgrove repped the landlord.
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Windhaven Insurance Co leased 13k SF in Lennox Center at 2140 Lake Park Blvd in Richardson. Lennox International Inc is the landlord, repped by Bradford Commercial Real Estate Services’ Melanie Hughes, Bret Cooper and Sharon Friedberg. JLL’s Jerry McGown repped the tenant.
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Lorente Industries renewed its 30k SF lease at 4435 Simonton Rd in Farmer’s Branch. Mercer Co’s Adam Curran repped the tenant while Holt Lunsford’s J Scott Moore repped the landlord, The Realty Associates Fund.
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XUXE signed a new 13k SF lease in Legends at Southlake Building at 2300 Dean Way in Southlake. The landlord is LynBa. Transwestern’s Kelly Whaley repped the tenant.
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True Auto signed a new 10k SF lease at 801 W Cannon in Fort Worth. Transwestern’s Jeff Givens repped the tenant.
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L&J Service Centers leased 12k at 2606 Sea Harbor Dr in Dallas. CBRE’s Scott Alexander repped the tenant. Mercer’s Jeremy Mercer and Landon Broach repped Mattu Enterprises, the landlord.
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Brookdale Hospice expanded and relocated its 10k SF office lease at Northbrook Business Center. Stream Realty Partners’ Lindsay Kopplow and Jason Schnittger repped the landlord.
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Multi-Shot renewed 30k SF in Carter Business Center, the only Class-A shallow-bay warehouse project in its submarket. Bradford Commercial Real Estate Services’ Nick Talley repped the landlord, TA Realty Associates Fund X.
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Staff One renewed and expanded into 12k SF at 8111 LBJ Fwy. Jessica Cyphers repped the landlord, Hartman Income REIT.
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O'Boyle Properties renewed and expanded into nearly 10k SF at 14114 North Dallas Pkwy. Jessica Cyphers repped the landlord, Hartman Income REIT.
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Gerald L. Ray renewed its 11k SF lease in Fountain Place at 1445 Ross Ave. Swearingen’s Bruce Hecht repped Gerald L. Ray. Cushman & Wakefield’s Lauren Napper and Johnny Johnson repped the landlord, Goddard Investments.
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Wildman Art Framing signed a lease for 10k SF at 1153 Quaker St in Dallas. DW & Co’s Diane Williams repped the tenant while Mercer’s Landon Broach and Jeremy Mercer repped the landlord, The Lark Company Real Estate.
SALES
Packard Court Partners JV sold a 19k SF industrial building at 4825 Packard Court in Forest Hill to Boaz Restoration. Transwestern’s Frank Jester repped the buyer.
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Criswell Properties bought a 31k SF building at 3521 Ave E, East in Arlington. NAI Robert Lynn’s Patrick Embry, Todd Hubbard and Michael Stanzel brokered the sale.
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South Tarrant LP acquired 33k SF of land at 137 McPherson Blvd in Fort Worth. The seller was Saade Brothers Development Corp. Transwestern’s Grant Huff, Jack Huff and Kyle Paulson repped the seller.
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Traylor Investments sold a 31k SF industrial building at 1950 Samuels Ave in Fort Worth to the Cross Family Trust. Transwestern’s Sarah LanCarte repped the buyer.
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An affiliate of Orangestar Properties snapped up a 56k SF building at 4500 W Eldorado Pkwy in McKinney. Stream Realty Partners’ Jamie Jennings and James Mantzuranis brokered.
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West Commerce Investments bought 3.25 acres for a multifamily development at 218 W Commerce St. Stream Realty Partners’ Jason Moser and HFF’s Ben Beaird brokered the sale.
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Sealy & Co acquired Carter Distribution Center, a 615k SF Class-A bulk warehouse facility on more than 27 acres at 6601 Oak Grove Rd in Fort Worth.
DEVELOPMENT
JLB Realty got the go-ahead to build its 454-unit multifamily project called Grapevine Bluffs on a 185-acre tract owned by the City of Grapevine. Grapevine Bluffs will join Kubota Tractor Corp and Mercedez-Benz on the property.
FINANCE
Cohen Financial arranged a $6.8M loan to acquire the Allen Tech Center.
