This Week's Dallas-Fort Worth Deal Sheet
Construction has been completed on Dallas 24 Hour Club’s new facility at 4636 Ross Ave. The Dallas 24 Hour Club has been providing safe, sober transitional living for homeless men and women for 49 years. Donations from the real estate community made building the new facility possible.
“Dallas 24 Hour Club was housing 67 residents who were struggling to build a brand-new life; however, we were struggling to keep our doors open to a facility that was over 100 years old with decades of deferred maintenance,” Dallas 24 Hour Club CEO Marsha Williamson said. “Thanks to the extremely generous donations and hard work from the local real estate and construction industry, we can now give our residents a safe and comforting place to call home while they work toward sobriety.”
The old 7K SF facility has been replaced by a two-story, 14K SF building in the original location on Ross Avenue. The new facility increases the 24 Hour Club annual capacity from 300 people to 400 people.
KDC, Balfour Beatty, The Beck Group and HKS provided their services to develop the $3.5M project pro bono. Other firms that provided work pro bono include: Acme Brick, Baker Triangle, Brandt Engineering, Brightview, Capform Inc., Carrco Painting, Cemco, Dee Brown Inc., DMG Masonry, Dots Masonry, Elite Fire Protection, Energy by 5, Goodall Distributing, Harmon, Jackson Walker, Kimley-Horn & Associates, KPost, Laticrete, L & W Supply, Miscellaneous Steel Industries, Otis Elevators, Pacheco Koch, Potter Concrete, SDI, TDIndustries, Terracon, Vilhauer Enterprises, Walker Engineering, Wright Construction and Wylie Drilling.
EXECS
Savills Studley hired Blake Anderson as co-branch manager and Southwest regional industrial services leader. Previously, Anderson worked for Cushman & Wakefield. Anderson has 20 years of real estate experience and serves on the executive board of SIOR’s North Texas chapter. He is also a member of the North Texas Commercial Association of Realtors.
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Crescent Real Estate hired Scott Rodgers as vice president of development. His focus will be on multifamily development. Prior to joining Crescent, Rodgers was manager and partner at Ascension Apartment Development and partner in Richman Ascension Development Group. Rodgers has also worked for CLB Partners, First Worthing Co. and JPI Development.
SALES
Bethany at Greenville 2017 L.P. purchased 8.4 acres at the corner of East Bethany Drive and South Greenville Avenue in Allen from LFP Real Estate L.P. Bradford Commercial Real Estate Services’ Susan Singer represented the seller. Christon Co.’s Jim Christon represented the buyer.
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CIG Legacy LLC and Symphony Northpointe purchased Northpointe Centre, a 161K SF office property at 12005 Ford Road in Dallas, from Northpointe L.P. Colliers’ John Bowles, Bruce Butler and Susan Gwin Burks represented the seller.
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Glenn Metalcraft purchased a 35K SF industrial building at 2101 Franklin Drive in Fort Worth from Clampitt Paper. Stream Realty Partners’ Seth Koschak and Forrest Cook represented the buyer. Stream Realty Partners’ Brice Wells represented the seller.
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DGR Partners L.P. purchased a 15K SF building at 14348 Proton Road in Dallas from South Central Polymers Inc. Mercer Co.’s Jeremy Mercer and Turner Petersen represented the buyer. Keller Williams Commercial’s Moore Matthews represented the seller.
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2303 Shorecrest LLC purchased the 16K SF property at 2303 Shorecrest Drive in Dallas from SV Hardy L.P. Mercer Co.’s Keenan Cook represented the buyer. Stream Realty Partners’ Jason Moser represented the seller.
LEASES
Bell Nunnally & Martin LLP leased 42K SF at HALL Arts in the Arts District. CBRE’s John Ellerman and Jeff Ellerman represented the tenant. Hall Group’s Kim Vincent Butler represented the landlord.
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Fastenal Co. leased 14K SF at 1605 Crescent Circle in Carrollton from Property Reserve Inc. Mercer Co.’s Corby Hodgkiss represented the tenant. JSC Realty’s Alan Clark represented the landlord.
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US Cargo Link LLC leased 13K SF at 512 East Dallas Road in Grapevine from EastGroup Properties L.P. Mercer Co.'s Turner Petersen represented the tenant. EastGroup Properties’ David Hicks represented the landlord.
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Southlake Dermatology leased 14K SF at Southlake Medical Building, 431 East State Highway 114 in Southlake, from Southlake Texas Medical Building I L.P. Centurion Real Estate Partners’ Kayanne Forney and Ben Sumner represented the tenant. Medcore Partners’ Eric Sheets represented the landlord.
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Johnstone Supply leased 16K SF at Parc North, 2601 Northern Cross Blvd. in Fort Worth, from EastGroup Properties. Stream Realty Partners' Seth Koschak and Forrest Cook represented the landlord. Savills Studley’s Mitch Kumin represented the tenant.
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GlowZone Family Challenge Arena leased 46K SF of retail space at Lakepointe Crossing, 2416 South Stemmons Freeway in Lewisville. Weitzman represented the landlord. Colliers’ represented the tenant.
THIS AND THAT
The Dallas chapter of The American Institute of Architects and its partner organization, Dallas Center for Architecture, have appointed Omniplan, Lauckgroup, Aurora, Better Block, RSM Design, Studio Outside, LUM Lighting Design and Telios to design their new facility in Downtown Dallas.
