This Week's Dallas-Fort Worth Deal Sheet
A division of Woodbine Development Corp., Woodbine Legacy Investments, has purchased the Hilton Dallas Park Cities hotel.
This purchase of the 224-room hotel at 5954 Luther Lane in Dallas is the first purchase of Woodbine’s new, $85M fund. HFF’s John Bourret and Austin Brooks represented the undisclosed seller.
EXECS
Tayloe Call joined KWA Construction as executive vice president. Call will oversee daily operations and work with President Brian Webster.
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Shane Williams joined Leo A Daly Dallas as design director of healthcare. Williams will concentrate on expanding the company's healthcare footprint throughout Texas, Oklahoma, New Mexico, Arkansas and Louisiana.
SALES
Local ownership acquired Tierra Del Sol apartments in Irving with a non-recourse agency loan. Old Capital arranged the 75% loan-to-cost assumption plus a supplemental loan. The remaining term was seven years with a 30-year amortization at a low fixed rate. Old Capital closed the deal on the 260-unit property in 44 days.
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ABC Supply acquired a 60K SF building on five acres at 1075 Northwest John Jones Drive in Burleson. Cushman & Wakefield’s Mark Collins, Dean Collins and Karen Decker represented the buyer in negotiations with the seller, Birdwell Cleaning Products Inc.
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CNB Real Estate purchased a 19K SF retail/warehouse center at 105 West 7th St. in Corsicana. Tom Heraty and Vicki Parker of NAI Robert Lynn represented the seller.
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The 70-unit Tuscany Square Apartments in Arlington has a new owner after less than 60 days on the market by Anthem Advisors. The buyer obtained new financing and plans to renovate interiors to push rents.
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Patterson Leasing Inc. sold a 39K SF industrial building at 3730 Dilido Road in Dallas to Tuong Nguyen. CBRE’s Tim Vogds represented the seller.
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Premilec USA sold a 28K SF industrial building at 2925 Galleria Drive in Arlington to Michael McLarty Investments. CBRE’s Wilson Brown represented the buyer. CBRE’s Brian Gilchrist represented the seller.
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Ryan Street Developers acquired a 218K SF building at 10848 Luna Road in Dallas. Stream’s Ryan Boozer represented Ryan Street Developers. Avison Young represented the seller.
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Rowan Properties closed on the 50-unit Nantucket Island Apartments in Dallas. Rowan represented both the seller and the buyer, who was in a 1031 tax-deferred exchange.
LEASES
Five Below leased 10K SF at the corner of U.S. Highway 380 and U.S. 75 in McKinney. The Retail Connection’s David Levinson represented the landlord, Core Property Capital. Edge Realty’s Tyler Grisham and Greg Bracchi represented the tenant.
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The continent’s largest plumbing wholesaler has inked 12K SF of showroom space in Frisco. Ferguson Enterprises will open its fifth DFW showroom at The Shops at Preston Ridge at 8008 State Highway 121. Mark Reeder and Ryan Johnson with SRS Real Estate Partners represented the tenant. JLL's Rose Meza represented the landlord, LIC Frisco Retail Property.
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AlX Cargo Center IAH LLC leased 37K SF at 2450 West Airfield Drive at DFW Airport. CBRE’s Tim Vogds represented the tenant. CBRE’s Steve Koldyke represented the landlord, Prologis Targeted U.S. Logistics Fund.
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Geodis Logistics renewed 394K SF and extended its term on 617K SF to occupy over 1M SF at 3700 Pinnacle Park Blvd. in Dallas. CBRE’s Ann Huntington represented the tenant. The landlord is MEPT Gateway/Pinnacle Park L.P.
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Yardi Systems leased 55K SF in Freeport Office at 8616 Freeport Parkway in Irving. Cushman & Wakefield’s John Fancher and Rodney Helm represented the landlord, UBS Realty. Yardi Systems also renewed and expanded its lease for a total of 36K SF in Signature Exchange at 14755 Preston Road in Dallas. Cushman & Wakefield’s John Fancher, Doug Jones, Chris Taylor and Johnny Johnson represented the landlord in that deal. In both deals, CBRE’s Mike Kay represented the tenant.
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Sun Holdings signed a sublease for 25K SF at 4055 Valley View Lane in Dallas. Cushman & Wakefield’s Robbie Baty and Charlie Beck represented the tenant. Tyler Maner and Tim Terrell of Stream Realty Partners represented the sublandlord, Intrepid USA.
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Marlite Inc. renewed 50K SF at 516 Great Southwest Parkway in Arlington. CBRE’s Brian Gilchrist and Wilson Brown represented the tenant. The landlord is Lightnight Propco I.
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Alpha Broder renewed 358K SF at 1040 Trade Ave. in Dallas. Cushman & Wakefield’s Stuart Smith and WCRE represented the tenant. CBRE’s Steve Trese and Wilson Brown represented the landlord, GPT Trade Avenue Owner.
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Mimecasts North America leased 17K SF in Urban Towers at 222 West Las Colinas Blvd. in Irving. Cushman & Wakefield’s Dan Harris represented the tenant. Cushman & Wakefield’s John Fancher and Matt Schendle represented the landlord, Parallel Capital.
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Renaissance Repair & Supply Inc. leased 46K SF at 1200 Lakeside Parkway in Flower Mound. CBRE’s Steve Trese and Wilson Brown represented the landlord, IPT Lakeside Corporate Center LLC. Bradford’s Brian Pafford represented the tenant.
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Oportun leased 16K SF at Hall Office Park in Frisco. Cushman & Wakefield’s Travis Boothe, Randy Cooper and Craig Wilson represented the tenant. Hall Group’s Kim Butler and Brad Gibson were in-house leasing agents for the landlord, Hall Group.
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Granbury Solutions subleased 16K SF in Royal Tech at 8150 Springwood in Irving. Cushman & Wakefield’s Robbie Baty and Cribb Altman represented the tenant. The sublessor, Holly Energy Partners, was represented by Cushman & Wakefield’s Barrett Jones, Mike Wyatt and Bill McClung.
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Guardian Consumer leased 14K SF in Parkway Centre at 2901 North Dallas Parkway in Plano. Cushman & Wakefield’s Dan Harris and Alex Beacham represented the tenant. Cushman & Wakefield’s Trey Smith, Lauren Napper and Ward Eastman represented the landlord, SunLife Assurance.
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Multiplan Inc. added 12K SF to its lease at Urban Towers, bringing the total to 39K SF. Cushman & Wakefield’s Matt Schendle and John Fancher represented the property owner. The tenant was represented by CBRE’s Robert Blount.
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Zuri Furniture leased 67K SF of distribution space after consolidating two locations and gaining nearly 30K SF of additional warehouse storage in Farmers Branch. Zuri’s long-term lease filled the remainder of the 206K SF distribution center at 4254 Simonton Road, owned by Lobo 3C L.P. Chad Albert of NAI Robert Lynn represented the landlord. Bradford’s Clint Manning represented Zuri.
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Biznet Software Inc. renewed its 11K SF lease in Signature Exchange at 14785 Preston Road in Dallas. Cushman & Wakefield’s Johnny Johnson, Chris Taylor, John Fancher and Doug Jones represented the landlord. The tenant was represented by CBRE’s John Roper.
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Transwestern Investment Group leased 8K SF at 8235 Douglas Ave. in Dallas. Cushman & Wakefield’s Lauren Napper and Trey Smith represented the property owner, and the tenant was self-represented.
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Cowles Thompson leased 5K SF in Preston Park Financial Center at 4965 Preston Park in Plano. The tenant was represented by Jackson Cooksey’s John Beach. Cushman & Wakefield’s Rodney Helm and Clint Madison represented the landlord.
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Virginia Cook Realtors renewed its lease for 5K SF at 5950 Sherry Lane in Dallas. The landlord, Tier REIT, was represented by Cushman & Wakefield’s Lauren Napper and Rodney Helm, and the tenant was self-represented.
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S&S Activewear leased 492K SF of industrial space at 35/20 @ Mercantile in Fort Worth. Cushman & Wakefield’s Mark Collins, Dean Collins and Britt Casey represented the tanant. Trey Fricke, Reid Bassinger and Becky Thompson of Lee & Associates represented the developer, Hunt Southwest.
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Wizards of the Coast leased 124K SF of industrial space at 925 West North Carrier Parkway in Grand Prairie. Cushman & Wakefield’s Blake Anderson, David Eseke, Michael Dalton and Deborah Howerton. Lee & Associates' Mark Graybill and Colton Rhodes represented the landlord, GLP.
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ABC Supply leased 88K SF of industrial space at 2660 Market St. in Garland. Cushman & Wakefield’s Mark Collins, Dean Collins and Karen Decker represented the tenant. Boyd Commercial’s Conrad Bernard represented the landlord, Herzstein Investments.
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Quality Custom Distribution Services leased 54K SF of industrial space in DalParc I-20 Building 2, at 3900 North Dallas Ave. in Lancaster. Cushman & Wakefield’s Shannon Johnston, Mark Collins and Dean Collins represented the tenant. The landlord, DalParc I-20 Logistics, was represented by VanTrust Real Estate's Chris McCluskey and CBRE's Nathan Lawrence.
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Pirch leased 30K SF of industrial space at 4531 Simonton Road in Farmers Branch. Cushman & Wakefield’s Blake Anderson, David Eseke and Tom Van Betten represented the tenant. Andrew Gilbert with Holt Lunsford Commercial represented the landlord.
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Braun Intertec leased 7K SF of office/warehouse space in Randol Mill Service Center in Arlington. David Dunn and Michael Mosharrafa of SVN | Dunn Commercial represented Braun Intertec. Transwestern’s John Brewer and Ben Phillips represented the landlord.
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ML Realty Partners signed two tenants at Park West Crossing in Coppell. Metropolitan Hardwood Floors, repped by Avison Young's Mike McElwee, leased space at 435 Southwestern Blvd. Spring Lighting Group leased space at 551 Southwestern Blvd. Cushman & Wakefield’s Gary Collett and Shannon Johnson represented Spring Lighting. Stream’s Ryan Boozer and Jeremy Kelly represented ML Realty Partners in both deals.
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HQ Global Workplaces extended its 26K SF lease at The Colonnade III, 15305 North Dallas Parkway in Addison. Stream’s JJ Leonard and Ryan Evanich represented the landlord, Fortis Property Group. CBRE’s Baron Aldrine and Mike Cleary represented the tenant.
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Consolidated Container Co. expanded into 111K SF at Redbird Distribution Center, 4525 Joseph Hardin Drive in Dallas. Stream’s Hanes Chatham and Blake Kendrick negotiated the transaction.
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TD Industries Inc. leased 22K SF at Parc North, Building 2, 2601 Northern Cross Blvd. in Fort Worth. Stream’s Seth Koschak and Forrest Cook represented the landlord, EastGroup Properties. Holt Lunsford represented the tenant.
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RaceTrac leased 74K SF at Trinity Crossing in Grand Prairie. Stream’s Cannon Green and Luke Davis represented the landlord, Cabot Properties. Cushman & Wakefield represented the tenant.
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Motor Controls Inc. extended its 99K SF lease at 2803-2831 Dairy Milk Lane in Dallas. Stream’s Blake Kendrick, Ryan Boozer and Mackenzie Ford represented the landlord, GLP. NAI Robert Lynn represented the tenant.
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HAAG Engineering Co. leased 32K SF at Lakeside Trade II at 1410 Lakeside Parkway in Flower Mound. Stream’s Blake Kendrick and Mackenzie Ford represented the landlord, SCG Lakeside Commerce Center L.P. JLL represented the tenant.
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Garland Kitchen Solutions V Inc. extended and expanded its lease at 2701-2805 South Shiloh Road in Garland for a total of 165K SF. Stream’s Matt Dornak and Ryan Wolcott represented the landlord. Jackson & Cooksey represented the tenant.
DEVELOPMENT
Netscout Systems will be relocating its regional research and development office to One Bethany at Watters Creek in Allen. By summer 2018, the technology provider will lease a 145K SF office building from Kaizen Development Partners and relocate over 500 employees from its Plano facility. The three-story, Class-A facility will have an outdoor courtyard, a fitness center and a cafeteria, and a parking garage for the exclusive use of its employees.
