This Week's Dallas-Fort Worth Deal Sheet
Gaedeke Holdings XIV purchased 17Seventeen McKinney, a 369k SF, Class-A office tower, with a double assist from HFF.
HFF marketed the Turtle Creek/Uptown property (above) on behalf of Granite Properties and MetLife Real Estate, and then helped Gaedeke secure the fixed-rate acquisition loan through MetLife Real Estate.
EXECS
Uptown Dallas appointed Nolan Marshall to president and executive director.
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Axiometrics named Andre Pavlovic as SVP. He brings more than 20 years of experience in technology-based product, marketing and operations.
SALES
The Weitzman Group negotiated the sale of Collins Corner, an 18k SF retail center on four acres at 182-184 South Collins Road near the intersection of Highway 80. The purchaser is a Dallas-based investment group. Weitzman’s Blake Shipp and Mike Allen handled negotiations for the seller.
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Stream’s Eric Crutchfield and Mackenzie Ford repped ELL Commercial Properties in a building sale totaling 23k SF at 2311 Midway Road in Carrollton. CBRE's Michael Chiocca repped the buyer.
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8202 Chancellor Row, a 8k SF building, sold to Silver Nickel Distillery. Stream’s Hanes Chatham repped the seller, 8202 Chancellor Row LLC.
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Dalfen America Corp sold Dominion Plaza (above), a 14-story, Class-A office tower and a three-story office building in Dallas. The combined 319k SF buildings are 84% leased and include a four-level parking garage and surface parking. Notable tenants include Xerox, State Farm and Tenet Healthcare Solutions. CBRE’s John Alvarado arranged the transaction for Dalfen.
LEASES
ATC Transportation leased 76k SF at 12750 Perimeter Drive in Dallas. Stream’s Matt Dornak and Ryan Wolcott repped the landlord, G&I VII 12750 Perimeter. Stream’s Hanes Chatham repped the tenant.
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Tanner Electronics Inc extended 11k SF at 1100 Valwood Pkwy in Carrollton. Stream’s Blake Kendrick and Mackenzie Ford repped the landlord, GLP. Hamill Commercial's Gregg Hamill repped the tenant.
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J.J. O'Connell Co leased 17k SF at International Corporate Park III at 500 Industrial Drive in Richardson. Stream’s Matt Dornak and Ryan Wolcott repped the landlord, Dallas Flex. Swearingen’s Duke Biggers repped the tenant.
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SoftAir USA leased 73k SF at 4265 Trade Center Drive in Grapevine. Stream’s Blake Kendrick and Jeremy Kelly repped the landlord, TIAA. Mark Macy with The Macy Newman Co repped the tenant.
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Gotprint.com leased 110k SF at Heritage Business Park at 1001 Nolen Drive in Grapevine. Stream’s Blake Kendrick, Ryan Boozer and Sarah Ozanne repped the landlord, Prologis. CBRE’s Steve Koldyke repped the tenant.
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Savills Studley’s Mitch Kumin and Ric Kanatzar repped Advantium Capital to secure a new 12k SF lease at 150 West John Carpenter Fwy in Irving.
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Savills Studley’s Frank McCafferty, Robert Sevim and Mitch Kumin repped Silliker in a 9k SF lease renewal at 2100 North Highway 380 in Grand Prairie.
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PMRG leased 12k SF as an expansion to UT Southwestern Medical Center at Tuscan Professional Building at 701 Tuscan Drive in Irving. The lease brings the two-story, 53k SF, Class-A medical office building’s occupancy to 100%. UTSW’s Stephen Lawson repped the tenant. PMRG’s Pam Perkins repped the landlord, Tuscan Medical Properties.
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On behalf of Ascent Real Estate Advisors and EY Ventures, JLL will lease Rambler Park, a 14-story, Class-A office property near the Central Expressway at 7557 Rambler Road in Dallas.
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PMRG will lease Ballpark Circle in Arlington on behalf of owner Lexington Realty Trust. Ballpark Circle is a 162k SF, Class-A facility in Arlington’s entertainment district.
DEVELOPMENT
Tanger Factory Outlet Centers purchased a development site in Fort Worth and broke ground on its new outlet center. Tanger has surpassed its 60% leasing threshold and has signed H&M, Gap, Tommy Hilfiger, Children's Place, Nike, Levi's, Banana Republic, Express, Guess and Restoration Hardware. It will deliver around the holiday shopping season in 2017.
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Embrey Partners started construction on Domain At The Gate in Frisco—the first project to break ground inside the master planned Gate development by Invest Group Overseas. First occupancy is slated for summer 2018. A wrap project with courtyards, Domain sits on one of the highest points in The Gate, overlooking the Dallas Cowboys' HQ.
FINANCING
CBRE arranged $32M of acquisition financing for the Riverbend Industrial Portfolio. CBRE worked for a JV between Augustus Investment Holdings and Taurus Investment Holdings to obtain financing through Citizens Bank. The DFW portfolio is 95% leased and consists of 15 buildings totaling 962k SF. CBRE’s Scott Lewis and Greg Greene originated and secured the financing.
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Brian Gramlich of BMC Capital's Dallas office arranged a $1.5M loan for the refinance of a multi-tenant retail property in Arlington. The loan featured a 4.2% fixed rate for five years, and a 25-year amortization. The loan was arranged through one of BMC Capital's correspondent banking relationships.
THIS AND THAT
Sperry Commercial Global Affiliates has its first franchise affiliate in DFW: Engvest Commercial Realty. Engvest Commercial Realty was founded by Daniel Eng as a full-service commercial real estate investment firm. He and business partner Calvin Wong will provide leasing, acquisitions, disposition and property management services under the Sperry Commercial Global Affiliates brand.
