This Week's Dallas-Fort Worth Deal Sheet
A Washington State multifamily investor sold the 72-unit Villa Encanto Apartments at 2850 Clydedale Drive in northwest Dallas to a local buyer in an all-cash off-market transaction.
The 98%-leased complex sits on 1.6 acres in the Bachman Lake submarket. The new owner will spend $300K on property improvements. National Apartment Advisors’ Sam Pettigrew represented the seller, OCF LLC, in a direct deal with Dallas Villa Encanto Apartments LLC.
EXECS
Fidelis Realty Partners hired Mike Watson as vice president of leasing. Watson has a background in shopping center leasing, development, dispositions, acquisitions, property management and tenant representation.
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Tom Cruikshank joined Wellington Realty as senior vice president, bringing 33 years of commercial real estate experience. Additionally, Ben Onderdonk joined the Wellington team as executive vice president with 17 years of commercial real estate experience.
SALES
Strive sold Christian Brothers Automotive, a long-term triple, corporate-guaranteed net lease in Lakeway. Strive’s Jason Vitorino represented the seller, a private owner from Houston, and also procured the buyer, an Austin investor.
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Alder Dos purchased a 10K SF office/warehouse building at 10865 Alder Circle in Dallas. NAI Robert Lynn’s Stephen Cooper represented the seller, and Transwestern’s Henry Knapek represented the purchaser.
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Strive sold Kiddie Academy in Little Elm. The long-term net-leased asset was built in 2016 and leased to a local franchisee. Strive’s Jason Vitorino listed for the seller, a Texas developer. The buyers, a partnership of four investors from Phoenix, Arizona, were represented by an outside broker and bought the asset to fulfill a 1031 exchange.
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Loyd Brigance Grass Sales purchased a 350-acre tract north of Greenville for future expansion. Younger Partners’ John St. Clair and Jeremy Lillard represented the buyer. Century 21’s Lance Banks represented the seller.
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Marcus & Millichap sold Holiday Inn Express & Suites, a 74-room hotel at 21850 Interstate 635 in Mesquite. Marcus & Millichap’s Chris Gomes, Joseph Jaques and Allan Miller represented the seller, a limited liability company. Gomes and Miller represented the buyer, also an LLC.
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Urban Smart Growth acquired an urban infill mixed-use site, including a 239K SF office building, at 2828 Haskell Ave. in Dallas from Conduent Business (Xerox). Cushman & Wakefield’s Chris Harden, Chris Cauthen, Mike Wyatt and Rick Hughes brokered the deal.
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AUK Bent Tree Partners acquired a 54K SF office property at 17440 North Dallas Parkway in Dallas from RMB Bent Tree Garden. Cushman & Wakefield’s Scot Farber and Tom Strohbehn represented the seller.
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American Realty Investors bought 1050 East Highway 114, a 30K SF medical and office building at the intersection of Carroll Avenue and State Highway 114 in Southlake. Irving-based Realty Capital Management’s Mark Boone represented the buyer, American Realty Investors. Glacier Commercial’s Steve Shrum represented the seller.
LEASES
Nick Mavro & Associates leased 14K SF at Capital Center at 1625 Crescent in Carrollton. Stream’s Eric Crutchfield represented the tenant. Alan Clark with JSC Realty Services represented the landlord, Property Reserve Inc.
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Phase 1 Prototype LLC renewed 13K SF at Newkirk Business Park, Building 3, 10580 Newkirk St. in Dallas. Stream’s Ryan Boozer and Todd Poticny represented the tenant.
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System Electric Co. leased 14K SF at Westport Business Center 3 at 635 Westport Parkway in Grapevine. Holt Lunsford Commercial represented the landlord, Little Britain Holdings. Stream’s Ryan Boozer and Adam Jones represented the tenant.
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Kforce Inc. extended its 7K SF lease at 15301 North Dallas Parkway in Addison. Stream’s JJ Leonard and Ryan Evanich represented the landlord, FPG Colonnade. Colliers International’s Jim Graham and Tyler Howarth represented the tenant.
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Dallas Baptist University extended its lease by 11K SF at Parkway Centre II at 2805 Dallas Parkway in Plano. Stream’s Matt Wieser and Ryan Evanich represented the landlord. Transwestern’s Michael Griffin represented the tenant.
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RD&F Advertising Inc. renewed its 8K SF lease at Quorum Place at 14901 Quorum Drive in Dallas. Stream’s Ryan Evanich, Chase Lopez and Jordan McFarland represented the landlord. Citadel Partners’ Taylor Dickerson and Scott Morse represented the tenant.
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Servpro renewed its 10K SF lease at 2369 Pecan Court in Haltom City. Vasseur Commercial represented the landlord, McDonald Enterprises Inc. Stream’s Forrest Cook represented the tenant.
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Too Fit leased 4K SF at 1709 White Settlement Road from Sarosi Family Investments in Fort Worth. Stream’s Forrest Cook and Tyler Maner handled the transaction.
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Chloe Lighting Inc. leased 50K SF at 2701 to 2805 South Shiloh Road in Garland. Stream’s Matt Dornak represented the landlord, DRA Advisors. Stream’s Ryan Wolcott and Corbin Stall represented the tenant.
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KPMG leased an additional 11K SF at KPMG Plaza at Hall Arts, the company’s 500K SF, namesake building in the Dallas Arts District. Hall Group’s Kim Butler represented KPMG Plaza, and JLL’s Carl Ewert represented KPMG.
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Business Control Systems and Capgro Construction Management renewed 3K SF each at Addison Tower at 16415 Addison Road in Addison. Bradford’s Jared Laake, Richmond Collinsworth, Erik Blais and Ed Pachecano represented the landlord, Addison Tower Investment Co., in the direct deals.
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J & K Truck Sales leased 13K SF at 2203 Quincy St. in Dallas. Mercer’s Keenan Cook represented the landlord, Paul and Mary Caudle.
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Vitacci Motorcycles Inc. leased 26K SF at 1221 Champion Circle in Dallas. Mercer’s Keenan Cook represented the tenant.
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TEK Systems subleased 16K SF from JDA Software at 500 East John Carpenter Freeway in Irving. Cushman & Wakefield’s Travis Boothe, Randy Cooper, Craig Wilson, Cribb Altman and Natalie Snyder brokered.
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Medieval Times leased 15K SF at 5020 Riverside in Irving. Cushman & Wakefield’s Johnny Johnson and Trey Smith represented the landlord, Brookfield Property Partners. JLL’s Kimarie Ankenbrand and Alan Wood represented the tenant.
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Skiermont Deby leased 14K SF of office space in Thanksgiving Tower at 1601 Elm St. in Dallas. Cushman & Wakefield’s Mike Wyatt and Cribb Altman represented the law firm. CBRE’s Dennis Barnes, Shannon Brown and Alexandra Jennings represented the landlord, Woods Capital.
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PriceTrace leased 14K SF at Eastside Centre at 720 East Campbell Road in Richardson. Cushman & Wakefield’s Dean Collins, Craig Wilson, Mark Collins and Randy Cooper represented the tenant. Fobare Commercial’s Rick Currey and Pat Hanahan represented the landlord, AGF Spring Creek Coit II.
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Bridger Logistics leased 12K SF at International Business Park at 6100 Plano Parkway in Plano. Cushman & Wakefield’s Robbie Baty and Mike Wyatt represented the tenant. Peloton’s Trevor Franke and Gini Russell represented the landlord, Billingsley Co.
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Emcare Inc. leased 11K SF at Galleria North at 13737 Noel Road in Dallas. JLL’s Alan Wood represented the tenant. Cushman & Wakefield’s Lauren Napper, Trey Smith and Chris Taylor represented the landlord, Galleria North Tower I Inc.
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Paycom leased 11K SF in Providence Tower at 5001 Spring Valley Road in Dallas. Cushman & Wakefield’s Cribb Altman represented the tenant. Transwestern’s Justin Miller represented the landlord, EOS Properties.
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Hanson & Co. leased 5K SF in Bent Tree Tower II at 16479 Dallas Parkway in Dallas. Transwestern’s Nora Hogan and Jordan Wade represented the tenant. Cushman & Wakefield’s Trey Smith and Clint Madison represented the landlord, Regent Properties.
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Southwestern Investment Group leased 4K SF at Hall Office Park at 2601 Network Drive in Frisco. Cushman & Wakefield’s Natalie Snyder Bode and Maureen Kelly Cooper represented the tenant. Hall Group’s Brad Gibson and Kim Butler represented the landlord in-house.
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Stripes Agency leased 4K SF at Harwood Center at 1999 Bryan St. in Dallas. Cushman & Wakefield’s Rena Padachy and Doug Jones represented the landlord, Fortis Property Group. Rubicon Representation’s Charlie Otte and Graham Perry represented the tenant.
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Rhythm Bands subleased 35K SF of industrial space from ID Technology at Mark IV Industrial Park at 2051 Franklin Drive in Fort Worth. Cushman & Wakefield’s Blake Anderson, David Eseke and Chris Lussier represented ID Technology. Transwestern’s Todd Hawpe represented Rhythm Bands.
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STS Operating Inc. leased 26K SF of industrial space at 1170-1172 113th St. in Grand Prairie. Cushman & Wakefield’s Blake Anderson and David Eseke represented the tenant. Robert Allen represented the landlord, First Industrial L.P., in-house.
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Renhack Marketing leased 23K SF at 752 Port America Place in Grapevine. Cushman & Wakefield’s Matt Heidelbaugh and Gary Collett represented the tenant. Lincoln Property’s Gil Stroube represented the landlord, Prologis.
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Renaissance Repair & Supply Inc. leased 43K SF of office/warehouse space in Corporate Ridge, Building 3 at 1200 Lakeside Parkway in Flower Mound. Bradford’s Brian Pafford represented the tenant. CBRE’s Steve Trese and Wilson Brown represented the landlord, IPT Lakeside Corporate Center.
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Vim Vitae renewed its lease for 13K SF at 8805 Sovereign Row in Dallas. Cushman & Wakefield’s Natalie Snyder and Chris Hillman represented the tenant. Stream’s Jason Moser represented the property owner, Illinois Row.
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Pro Source Athletics leased 13K SF at 1420 Halsey in Carrollton. Cushman & Wakefield’s Adam Curran represented the tenant in negotiations with the landlord, FLT Acquiprot-Campus.
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Gamesness Sports leased 6K SF at 1901 Royal Lane in Farmers Branch. Cushman & Wakefield’s Adam Curran represented the tenant. Holt Lunsford Commercial’s Andrew Gilbert represented the landlord, Sealy Royal Lane.
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American Concrete Trucking leased 26K SF at 913 North Belt Line Road in Dallas. Mercer’s Jeremy Mercer represented the landlord, Henry Cantrell.
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MSC Industrial Direct Co. renewed 15K SF of distribution space in RiverPark Business Center at 15600 Trinity Blvd. in Fort Worth. Bradford’s Michael Spain and Clint Manning represented the landlord, SCG River Park Business Center. Colliers International’s Allen Gump represented the tenant.
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Simplex Grinnell L.P. renewed 13K SF of warehouse space in Railhead Business Station at 800 Railhead Road in Fort Worth. Bradford’s Nick Talley represented the landlord, Sun Life Assurance Company of Canada.
THIS AND THAT
SIMC Management took over management of Mercer Crossing in Farmers Branch. Provident Realty Advisors sold Mercer Crossing Apartments to MLG Capital in July.
