This Week's Dallas-Fort Worth Deal Sheet

StreetLights Residential and Westdale opened their 17-story, infill multifamily development, the Case Building, in Deep Ellum. The 337-unit property at 3131 Main St. is the first high-rise multifamily community in Deep Ellum. 

The luxury units range from 500 SF to 1,300 SF. The property was designed to channel the identity of Deep Ellum, featuring a focus on an urban, industrial design style.

“We wanted to make this project feel as authentic as the Deep Ellum neighborhood is today, and with the design, architecture and interiors, I think we have created that atmosphere for residents,” StreetLights CEO Doug Chesnut said in the statement.

Notable amenities include co-working spaces, a pet wash and a gallery of rotating local artwork.

The building’s interior amenity areas were designed by New York City hospitality designer MARKZEFF; SLR Construction was the general contractor. WDG Architecture handled the building’s architecture, and Studio Outside handled landscaping.

SALES

Reserve Capital Partners and Trinity Private Equity Group acquired Hidden Grove at 12404 Park Central. JLL is the leasing and marketing partner for the building. The square footage of the property was not disclosed. 

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ECCE LLC dba ECCE Capital purchased a 77-unit, 67K SF Irving multifamily property, Spanish Chase Apartments, from Elmstone Group SC. CBRE’s Chris Deuillet and Chandler Sims represented the seller.

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A private investor purchased Centerview Medical Office, a 14K SF office property at 1141 Keller Parkway in Keller. Marcus & Millichap’s Cody Payne represented the seller, also a private investor. Marcus & Millichap’s Joshua Murphy secured the buyer.

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Transwestern helped sell 72K SF and four acres in DFW.

• MJCC Holdings sold a 20K SF industrial property at 7315 Commercial Blvd. East in Arlington to Essential Holdings. Transwestern’s Jeff Givens and Todd Hawpe represented the seller. 
• Interstate Batteries sold a 12K SF industrial property at 2233 Solona St. in Haltom City to Adder Minnis. Transwestern’s Jeff Givens and Todd Hawpe represented the buyer. CBRE’s Brice Wells and Bob Scully represented the seller.
• Hunter Crossroads L.P. sold 40K SF at U.S. 287 and Avondale Haslet Road in Haslet to O’Reilly Auto Enterprises. Transwestern’s Steve Williamson and Mason Bishop represented the seller. Woodcrest’s Jordan Cluff represented the buyer.
• Craig Ranch Cooper Sports Complex sold four acres, North Texas Athletic Center Addition, at 6051 Alma Road in McKinney to Michael Johnson. Transwestern’s Michael Griffin represented the buyer.

LEASES

Boss Fight Entertainment leased 14K SF of office space for its headquarters at One Bethany East in Allen. IC3 represented the tenant. JLL’s Chris Doggett,  Blake Shipley and Daryl Mullin represented the landlord, Kaizen Development Partners.

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GEE Group Inc. leased 10K SF at International Plaza III, 14241 Dallas Parkway in Dallas. Citadel Partners’ Taylor Dickerson and Scott Jessen represented the tenant. Cawley Partners’ Jeremy Duggins and Kristi Waddell represented the landlord.

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Federated Mutual Insurance leased most of the fifth floor at Richland Corporate Centre, 9001 Airport Freeway in Richland Hills from KOC Gran Via Richland LLC. CBRE’s Chris Gliedman and Bryan Graham represented the tenant. Centurion Real Estate Partners’ Ben Sumner and Keith Fisher represented the landlord.

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First American Payment Systems expanded and renewed its lease at Two City Place, 100 Throckmorton St. in Fort Worth. The new lease is 79K SF. The old lease was 66K SF. JLL’s Pat McDowell and Jamie Galati represented the tenant. Spire’s Campbell Henry represented the landlord. 

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Trelleborg Wheel Systems America leased 22K SF of industrial space from Columbia Texas Beltline Industrial at 1461 South Belt Line Road in Coppell. Lee & Associates Corbin Blount represented the tenant. Lincoln Property Co.’s Michael Peinado and Gil Stroube represented the landlord.

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Transwestern recently completed a number of leases:

• Lifetime Coatings of Texas leased 9K SF of industrial space at 7315 Commerce Blvd. East in Arlington. Transwestern’s Jeff Givens and Todd Hawpe represented the landlord, Warnke’s Machining Co.
• Vintage Floors leased 5K SF of retail space at 5136 Camp Bowie Blvd. in Fort Worth. Transwestern’s Bill Behr and Gavin Behr represented the tenant. Carlisle Interests’ John Dickey represented the landlord.
• Clear Fork Field Services leased 3K SF of office space at 550 Bailey Ave. in Fort Worth. Transwestern’s Whit Kelly and Jason Harrell represented the landlord, DIP SPV Co. 9 LLC.
• Into My Own LLC dba The Dailey Method Fort Worth leased 2K SF of retail space at 2000 West Berry St. in Fort Worth. Transwestern’s Kyle Poulson and Gibson Duwe represented the tenant.
• Polavarapu Plastic Surgery leased 2K SF of office space at 5701 Edwards Ranch Road in Fort Worth. Transwestern’s Jason Harrell represented the tenant.
• Biagi Warehousing Inc. renewed its lease for 180K SF of industrial space at 605 110th St. in Arlington. Transwestern’s John Brewer represented the landlord, Prologis. Stream Realty Partners’ Matt Dornak represented the tenant.
• Pacific Union Financial expanded its office lease to 132K SF at Browning Place I, 1601 LBJ Freeway in Dallas. Transwestern’s Duane Henley represented the landlord, Transcontinental Realty Investors Inc. JLL’s Steve Thelen and Conor McCarthy represented the tenant.
• Home Point Financial leased 65K SF of office space at Two Colinas Crossing, 11511 Luna Road in Dallas. Transwestern’s Duane Henley and Nathan Durham represented the landlord, Lexington Lion Farmers Branch. Property Realty Advisers’ Jerry Reis and Scotland Wright Associates' Michael Tucker represented the tenant.
• Regus renewed its lease for 18K SF at The Embassy, 1431 Greenway Drive in Irving. Transwestern’s Matt Hurlbut represented the landlord, Brookwood Financial Partners.
• Executive Workspace signed a new lease for 16K SF of office space at Park Ventura Office Park, 5055 West Park Blvd. in Plano. Transwestern's Matt Hurlbut represented the landlord.
• Conduent expanded its lease at Arbors at Brookhollow, 2201 East Lamar Blvd. in Arlington, by 10K SF. Transwestern’s Kim Brooks represented the landlord, Yacht Harbor Capital Advisors. JLL’s Kevin Morrison represented the tenant.
• The Vertex Cos. leased 7K SF of office space at 1600 Corporate Court in Irving. Transwestern’s Robert Deptula represented the landlord, MAC Management Services. PM Realty Group’s Shea Byers represented the tenant.
• Pie Consulting & Engineering leased 6K SF of flex space at Cascades at The Colony, 5904 Stone Creek Drive. Transwestern’s Joe Whitmer, Nathan Durham and Emily Rankin represented the landlord, Cascades by Windsor LLC. CBRE’s Jeff Eiting represented the tenant.
• Burnco Texas LLC leased 5K SF of office space at 8505 Freeport Parkway in Irving. Transwestern’s Duane Henley and Matt Hurlbut represented the landlord, Capital Commercial Investments Inc.
• LANE Construction Corp. renewed its lease at Mercantile Center One, 3001 Meacham Blvd. in Fort Worth. Transwestern’s Randy Garrett and LaTerra Commercial’s Jo Thompson represented the tenant. Mercantile Partners’ Andrew Ward represented the landlord.
• QJC Inc. leased 8K SF of office space at 3313 Essex Drive in Richardson. Transwestern’s Robert Deptula represented the tenant. Cushman & Wakefield’s Travis Boothe represented the landlord.

DEVELOPMENT

AMCAL Equities and Atticus Real Estate Development will build a 228-unit multifamily property in Rockwall’s last area zoned for multifamily development. The property is slated to open in October 2019.

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McCarthy Building Cos., in partnership with architecture firms Perkins+Will and BORA, will design and build the new Plano ISD Fine Arts Center. The FAC is projected to cost $50M and register as the largest/costliest project of Plano’s $481M bond program approved in 2016. The project is expected to finish in 2020.

THIS AND THAT

Two new food concepts are setting up shop in Victory Park: Imoto, an Asian kitchen and bar, and wine bar Burgundy Swine. Imoto and Burgundy Swine are expected to open in the spring of 2018. Victory Park is undergoing a full re-merchandising, adding 85K SF of new retail space, and making enhancements to improve walkability.

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Merriman Anderson/Architects was selected to restore the 112-year-old Ambassador Hotel. The property will become a multifamily community with roughly 12K SF of micro-multifamily space on each floor.

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Phase 1 of the Texas Health Alliance expansion in Fort Worth is finished, including 22K SF of new space holding 20 new emergency rooms. Three of the rooms are trauma rooms. The two-part, $25M project will eventually bring the facility’s emergency department to 34 rooms, which is more than double its previous size. Phase 2 will begin in January and is slated to wrap up in July.