This Week's Dallas-Fort Worth Deal Sheet
KDC and Balfour Beatty topped out on Liberty Mutual Insurance’s new 1.1M SF regional campus at Legacy West.
The $325M, 19-story campus has a medical center, a full-service cafeteria, a gourmet coffee bar, two large conference centers, two rooftop gardens and more than 4,000 covered parking spaces. More than 4,000 Liberty Mutual employees will move in in December 2017.
EXECS
Structural and civil engineering company JQ promoted John Bremer to industrial principal, Billy James to buildings associate, Luis Soto to industrial associate and Matt Smart to geospatial associate.
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Jim Fant has joined Westmount Realty Capital as executive managing director of acquisitions. Fant will oversee the acquisition process at Westmount and manage the acquisition team.
SALES
NAI Robert Lynn repped Dallas-based Taxco Produce in its relocation to take over the North Texas Food Bank building at 4202 Dan Morton in Dallas when the lease expires in 2018. The 108K SF property will provide Taxco with 45K SF of additional space. NAI Robert Lynn's Matt Elliott repped Taxco.
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A local ownership group purchased Kingsley Crossing Apartments in Garland. The buyer plans to spend over $5K on each of the 122 units. Old Capital provided the non-recourse bridge loan with interest only throughout the loan term.
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Paragon Industries II purchased 25K SF at 900 North Central Expressway in Plano. Andrew Shaw with NAI Robert Lynn repped the landlord. Kyle Jacobs, Cameron Rogers and Tyler Clutts with Rubicon Representation repped the buyer.
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Aviation repair company IAC has purchased a 53K SF building at 8715 Harmon Road in Fort Worth. Todd Hubbard of NAI Robert Lynn repped the buyer. George Curry of JLL repped the seller.
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Fort Worth & Crowley Partners sold 51 acres along the Chisholm Trail Parkway in Fort Worth and Crowley to SNM Realty Estate. Transwestern’s Lester Day repped the seller.
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D6 Ventures sold 12 acres at 901 West Interstate 20 in Weatherford to Curtis C. Gunn Ltd. Transwestern’s Jack Huff and Kyle Poulson repped the buyer.
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Bill Stonaker sold 5.5 acres at Landmark Quebec in Fort Worth to SK Lake Worth Partners. Transwestern’s Sarah LanCarte and Jeff Givens repped the seller.
Henry S. Miller’s Jim Breitenfeld and Jim Turano repped MMT Commercial of Plano in the sale of Hunters Glen Medical Office Complex. CBRE’s David Glasscock repped the buyer, First Avanti Partners.
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Greysteel has been named exclusive adviser and agent by a private local investor for the sale of French Colony, a 94-unit multifamily property in Dallas. Greysteel’s Boyan Radic and Doug Banerjee are marketing the property.
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Marcus & Millichap sold Paradise Manor, a 16-unit apartment property at 5317 Junius St. in Dallas. Stephen Crittenden holds the exclusive listing to market the property on behalf of the private seller. The buyer was procured by an outside broker.
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Darryl Roberts and Rosemary Atwood of Weatherford sold 10 acres at 901 West I-20 to Gunn Automotive Group. Bradford’s Colton Wallis and Nick Talley repped the seller. Transwestern’s Jack Huff repped the buyer.
LEASES
Bradford Commercial negotiated a sublease for 21K SF of Class-A office space at 777 Main St. in downtown Fort Worth. Bradford’s Erik Blais and Nick Talley repped the sublandlord, Trinity River Energy. The new subtenant, TEP Barnett, will occupy the 37th floor of the 40-story, 955K SF building.
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The American Paint Horse Association leased 11K SF of office space at 140 East Exchange Ave. in the Fort Worth Stockyards. Colt Power of NAI Robert Lynn repped the tenant.
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Xchange Leasing signed a new 27K SF retail lease at 2301 Southeast Loop 820 in Fort Worth with Cidema Three. Transwestern’s Todd Hawpe and Jeff Givens repped the landlord.
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Martin House Brewing Co. renewed its 21K SF industrial lease at 220 South Sylvania Ave. in Fort Worth with 220 Sylvania Partners. Transwestern’s Todd Hawpe repped the tenant.
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Camp Bow Wow signed a new 9K SF lease at 6411 Camp Bowie Blvd. in Fort Worth with Highland Hawk Joint Venture. Transwestern’s Todd Hawpe repped the tenant.
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Henry Schein Inc. leased 12K SF of industrial flex space in Randol Mill Service Center at 2440 East Randol Mill Road in Arlington from UVAG Realty. Bradford’s Jason Miller and Michael Spain repped the tenant. Transwestern’s John Brewer and Ben Phillips repped the landlord.
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Southwest Crossroads leased 8K SF at 11118 Grader St. in Dallas from Sealy & Co. Mercer’s David Guinn repped the tenant.
DEVELOPMENT
Uptown Dallas Inc. completed the neighborhood’s first public playground. The new playground marks the final installation in the overall park plan as it is part of a UDI-led multimillion-dollar, multi-phase renovation of Griggs Park.
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Construction crews broke ground on the $450M Fort Worth Multipurpose Arena. The 14,000-seat arena will host the Fort Worth Stock Show Rodeo performances.
