This Week's Dallas-Fort Worth Deal Sheet
Hillwood announced plans to construct a roughly 1M SF spec industrial property at Alliance Northport, a 260-acre sector of AllianceTexas, Hillwood’s 26,000-acre mixed-use development in Northlake.
“Alliance Northport 3 is strategically located to offer our future customers one of the lowest combined tax rates in the Dallas-Fort Worth region and provide excellent access to all areas of North Texas,” Hillwood Senior Vice President Tony Creme said in a statement. “In total, the Alliance Northport sector can accommodate over 3M SF, and is well positioned to meet the demand of industrial users who value interstate frontage, speed-to-market and low operating costs.”
Hillwood did not issue a potential completion date.
EXECS
Gemini Rosemont Commercial Real Estate hired Nina Latimer to its asset management team. She will be responsible for most of Gemini’s Houston portfolio and its entire Dallas portfolio. Latimer has been in the industry for more than 12 years and most recently managed the sustainability program for REIS Associates in Houston.
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St. Louis-based Bianco Properties promoted Daniel Wolk to president. Wolk is replacing Michael O’brecht, who will be retiring at the end of the year. Wolk has been with Bianco Properties for 25 years.
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CBRE hired Scott Taylor as director of CBRE’s Texas property tax practice for Valuation & Advisory Services. Taylor has more than 25 years of experience in commercial real estate valuation and property tax management.
SALES
Madera Residential purchased a 176-unit multifamily property, Woodway on the Green at 6201 Woodway Drive in Fort Worth, from an unnamed local private investor. Marcus & Millichap’s Al Silva, Mark McCoy and Ford Braly represented the seller and secured the buyer.
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A local investment partnership purchased 9,200 SF and 18K SF of land at 4433 McKinney Ave. in the Knox/Henderson neighborhood from a private partnership. The sale was brokered by Henry S. Miller Brokerage’s Lane Kommer.
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Quine & Associates' Brad Quine negotiated the sale of the 77K SF Benbrook Shopping Center at Highway 377 and Cozby South Street in Benbrook.
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A private investor purchased Shoppes at Mineola, a 15K SF retail property in Mineola, from an unnamed LLC. Marcus & Millichap’s Philip Levy represented the seller and secured the buyer.
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ZM Briercroft II LLC purchased a 38K SF property at 1730 Briercroft Court in Carrollton from Rebel Trace L.P. Mercer Co.’s Keenan Cook represented the buyer. Hudson Peters Commercial’s Michelle Hudson represented the seller.
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Hutlas Holdings bought 2331 Farrington St., an 11K SF property in Dallas, from Fegan Fine Art Restoration. DW Co.’s Diane Williams represented the buyer. Mercer Co.’s David Guinn represented the seller.
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An affiliate of Stonelake Capital Partners bought a 39K SF warehouse in Dallas at Lone Star Business Park from 6 Brothers Realty. Bradford Commercial Real Estate Services’ Joe Santaularia and Brock Wilson represented the seller.
DEVELOPMENT
KWA Construction completed Phase 1 of Renaissance Heights Apartments, a 193K SF multifamily development in Southeast Fort Worth. Phase 1 consists of 140 mixed-income one-, two- and three-bedroom units.
THIS AND THAT
One Real Estate Investment selected Allied Orion Group to manage its 224-unit Fort Worth multifamily community, The Summit at Landry Way.
LEASES
Green Planet 21 leased 69K SF at 4300 Diplomacy Road in Fort Worth from Denali Texas Diplomacy. Lee & Associates' Reed Parker represented the tenant. Lincoln Property Co.’s Gil Stroube represented the landlord.
