This Week's Dallas-Fort Worth Deal Sheet
ESRP is moving its headquarters to The Star in Frisco. The commercial real estate advisory firm and 50 employees will move from their Tollway digs for a third-floor view on the $5B Mile in July.
“We are exceptionally proud to welcome ESRP to The Star,” Dallas Cowboys Chief Operating Officer Stephen Jones said in a statement. “ESRP exemplifies the type of fast-growing, forward-thinking businesses relocating here. The move sends a clear message: The Star is much more than an entertainment center; it is an incredible place to do business.”
“Making The Star our new home is an easy choice,” ESRP CEO Sharon Morrison said in a statement. “This move positions ESRP squarely in of one of the hottest real estate markets in the country. Surrounded by some of the world’s most renowned corporations making significant investments in Texas, we’ll have an unprecedented opportunity to collaborate with new and existing clients. Furthermore, with downtown Dallas, DFW International and Love Field airports a short 30 minutes down the road, our brokers can easily service clients locally and nationally. It is a game changer on many levels.”
EXECS
Weitzman made Bane O’Banion vice president and director of leasing. O’Banion was most recently vice president and regional leasing director for Weingarten Realty Investors.
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HFF hired Ross Sanders as senior director of its national seniors housing group. Sanders will focus on senior housing investment advisory, debt and equity placement transactions in the U.S. He has 10 years of experience in the asset class, and prior to joining HFF was with CBRE’s senior housing division.
SALES
NPR Properties LLC purchased a former Audi dealership in Euless from Baillargeon Audi Dealership. The buyer will lease the dealership to Excellence Auto; NPR Properties is Excellence Auto’s real estate arm. The property includes a 34K SF showroom, hail shelters and a photo studio with an automobile turntable. Beil Partners’ John Bielamowicz and David Little Real Estate’s David Little represented the seller. Rubicon Representation’s Daniel Miller represented the buyer.
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Polk Street Industrial’s Taylor Meyer purchased a 289K SF industrial property at 4949 Joseph Hardin Drive in Dallas from Linron Properties. JLL’s Dustin Volz, Zane Marcell and Grant Matthews represented the seller.
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An international buyer group purchased Preston Frankford Crossing, a 35K SF shopping center at 18101 Preston Road in Dallas. CBRE’s Jared Aubrey and Michael Austry brokered the sale.
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An international buyer group purchased Edinburg Plaza, a two-building, 16K SF shopping center at 2720-2758 West University Drive in Edinburg. Jared Aubrey and Michael Austry with CBRE in Dallas brokered the sale.
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TH Real Estate purchased a 448-unit multifamily property, Churchill on the Park, in North Dallas from a New York-based pension fund adviser. Institutional Property Advisors’ Will Balthrope, Drew Kile and Joey Tumminello represented the seller and secured the buyer.
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A private investor purchased a 396-unit multifamily portfolio composed of Woodhollow and Pebble Cove, both in Dallas, from a local investor and a local partnership. Marcus & Millichap's Al Silva and Ford Braly represented the sellers. Silva and Braly, along with Marcus & Millichap's Mark McCoy, secured the buyer.
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LBA Realty purchased a three-building industrial portfolio near DFW Airport from Transpacific Development Co. JLL’s John Huguenard and Dustin Volz represented the seller. The portfolio totals 578K SF.
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Ascend Growth Partners purchased the 101-room Staybridge Suites Plano Frisco at 8355 Parkwood Blvd. in Plano from Granitepark-Parkwood LLC. CBRE’s Michael Yu, Rahul Bijlani and Agrama Mannapperuma arranged the sale.
LEASES
TriGate Capital leased 12K SF from M-M Properties at Comerica Bank Tower in Dallas. M-M Properties’ Mike Silliman represented the landlord, and Trigate Capital’s Jeff Yarckin represented the tenant.
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Niles Building Products Co. renewed its 12K SF industrial lease at 609 Ave. R in Grand Prairie. Bradford Commercial Real Estate Services’ Michael Spain and Jim Ferris represented the landlord, DCT Industrial Trust.
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LS Elite LLC leased 30K SF at 2655 Freewood Drive in Dallas from Keith & Ben Properties LLC. Mercer Co.’s David Guinn represented the tenant. Stream Realty’s Ryan Boozer and Todd Poticny represented the landlord.
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Superior Industrial Products leased 10K SF at 4201 East Loop 820 South in Fort Worth. Whitebox Real Estate's Evan Hammer represented the tenant.
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Texas Floor Source leased 34K SF at 301-381 East Exchange Parkway in Allen Station. Whitebox Real Estate's Grant Pruitt and Evan Hammer represented the tenant.
