This Week's Dallas-Fort Worth Deal Sheet
Hillwood and Hunt Realty have partnered with Hines, Estein USA, Earns Commercial Real Estate, Provident Realty Advisors and Cousins Properties to imagine a so-called Amazon Urban Village, a proposed conglomeration of sites totaling 36 acres and 8M SF of office space in Victory Park/Uptown.
The village addresses major points in the Amazon request for proposals such as proximity to an urban area, access to an educated workforce and access to transit (public, infrastructure, air).
"The Uptown/Victory Park site is very similar to Amazon’s Seattle campus and it possesses all of the amenities and requirements Amazon is seeking,” Hillwood Chairman Ross Perot Jr. said. “It’s in the heart of an urban and vibrant city environment, adjacent to mass transit and key transportation infrastructure, and we can offer plenty of office development sites for them to execute their vision for a second North American headquarters.”
EXECS
John Day joined Weitzman as vice president and director of leasing. Day was previously director of real estate for Tuesday Morning Corp.
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The National Association of Women in Construction hired Beth Brooks as executive vice president. Brooks served as chief executive for the Texas Pest Control Association and the Texas Society of Association Executives before coming on board with NAWC.
SALES
Stonelake Capital Holdings IV purchased a 24K SF warehouse at 3225 Garden Brook Drive in Farmers Branch. Colliers’ Lizzy Blake and Brad Balke represented the seller, DRA Advisors.
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AquaTerra Outdoors purchased a 1.7-acre property at 4252 Marsh Road in Carrollton. TIG’s Kristin Grammar and Matthew Hickey represented the buyer. Granberry Commercial Properties' Craig Godfrey represented the seller.
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Gene McCutchin purchased land at North Dallas Tollway and FM 423 to create a new 20-acre parcel. Younger Partners’ Ben McCutchin represented the buyer. Whisenhant Properties represented the seller, Boilermaker Investments.
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KBS Strategic Opportunity REIT bought a total of 442K SF at 125 East John Carpenter and 5100 North O’Connor in Irving.
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Marcus & Millichap's Adam Abushagur arranged the sale of PCI Health Training Center, a 23K SF industrial building at 8101 John Carpenter Freeway in Dallas. Abushagur represented the buyer and the seller.
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Marcus & Millichap’s Mark Allen arranged the sales of Normandale Place Apartments, a 130-unit property, at 8713 South Normandale St. in Fort Worth, and Villa Fuquez Apartments, a 102-unit property in Dallas at 2815 Peavy Road.
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Master Video Systems sold 1.3 acres near 8808 Forney Road in Dallas. Lee & Associates’ Taylor Stell represented the seller, Master Video Systems.
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Berkadia sold Meadow Green Apartments, a 100-unit apartment property in Grand Prairie.
LEASES
Store Relcant HVAC leased 16K SF at 3250 West Story Drive in Irving. Lee & Associates’ Nathan Denton and Stephen Williamson represented the tenant. CBRE’s Steve Trese and Wilson Brown represented the landlord.
DEVELOPMENT
Twigs Bistro and Martini Bar will open two locations in DFW totaling 14K SF. One site will be in The Colony at Grandscape on State Highway 121 opening in early 2019, and the other will be in Fort Worth at the corner of Trailhead Bend Way and Marathon Avenue, opening by the end of 2017. Simon Property Group’s Richey Neeson represented the landlord, Clearfork Retail Venture.
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Huntington purchased a site in Garland on Shiloh Road and plans to deliver a two-building industrial project totaling 249K SF.
THIS AND THAT
American Institute of Architects Dallas chapter and Dallas Center for Architecture are relocating to Republic Center at 325 North St. Paul. The lease is for 13K SF of office space.
