This Week's Dallas-Fort Worth Deal Sheet
Tellworks Communications signed a 723K SF lease at Park 20/360 in Arlington. Park 20/360, owned by Ridge and Invesco Real Estate, is a 1.6M SF industrial development at 4101 Research Blvd.
“Tellworks operates facilities in 42 states, but the new warehouse in Arlington is our first superhub,” Tellworks Managing Partner Christo Makrides said in a statement.
The massive spec development began to deliver in November, with the last of the four buildings in Phase 1 delivered in January. The property is 71% leased. Phase 2 is on the way with another 360K SF.
“The vision for Park 20/360 has developed into a much-needed, state-of-the-art addition to the 100M SF GSW industrial district,” Transwestern Vice President Joe Rudd said in a statement. “It is extremely rewarding to see what was a dream 3.5 years ago become a reality."
Transwestern’s John Brewer and Joe Rudd represented the landlord.
SALES
AANZR LLC dba Jordan Industries LLC bought 126K SF at 1715 Fourth St. in Graham from Mercer Graham Properties LLC. Henry S. Miller’s Scott Axelrod represented the buyer. Mercer Co.’s Jeff Mercer represented the seller.
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Dealer Industries LLC purchased a 74K SF property at 2001 110th St. in Grand Prairie from 2001 110th Street Grand Prairie LLC. Lee & Associates’ Trey Fricke and Reid Bassinger represented the seller. NAI Robert Lynn’s Todd Hubbard represented the buyer.
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An undisclosed buyer purchased 0.84 acres in Turtle Creek’s Oak Lawn District on the northeast corner of Brown and Hood streets. Range Realty Advisors' Dillon Cook and Jordan Harris represented the undisclosed seller.
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Pederson Natural Farms Inc. purchased a 42K SF property at 1001 Santerre Drive in Grand Prairie from Santerre LLC. NAI Robert Lynn’s Todd Hubbard represented the buyer. Mercer Co.’s Corby Hodgkiss represented the seller.
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A local buyer purchased a 94-room Hampton Inn & Suites and a 96-room Comfort Suites from Supreme Bright Grapevine II and IV LLC. Both properties are in Grapevine. Marcus & Millichap’s Chris Gomes and Alan Miller represented the seller.
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Main Mercer Properties purchased 0.25 acres at 2461 Houston St. in Grand Prairie from Edward Palmer III. Mercer Co.’s Corby Hodgkiss represented the buyer.
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Transwestern Investment Group and S2 Capital LLC purchased a 464-unit multifamily community, Oak Creek Apartments at 1161 Oak Creek Lane, in Bedford. Transwestern’s Taylor Snoddy, Philip Wiegand and James Roberts represented the seller.
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Kingsley Industrial LLC sold its 54K SF building at 2601 West Kingsley Road in Garland to Snell Motor Co. Stream Realty Partners’ Matt Dornak and Ryan Wolcott handled the transaction.
LEASES
ABC Supply Co. leased 40K SF at 4884 Duncanville Road in Dallas at Redbird Industrial Park. Henry S. Miller Brokerage’s Dan Spika represented the tenant. NAI Robert Lynn’s Matt Elliott represented the landlord, Texas Industrial Development LLC.
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A&W Trucking leased 32K SF at 13290 Senlac Drive in Farmers Branch from Principal Financial Group. Holt Lunsford Commercial’s Andrew Gilbert represented the landlord. Paladin Partners’ Trace Fielding represented the tenant.
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TDI Technologies Inc. leased 19K SF at 1600 10th St. in Plano from KFG Investments. Holt Lunsford Commercial’s Josh Barnes and Ben Wallace represented the landlord. Custom Computer Cables of America Inc. leased 20K SF at 1600 10th St. in Plano from KFG Investments. Holt Lunsford Commercial’s Josh Barnes and Ben Wallace represented the landlord. Citadel Partners’ Andy Goldston represented the tenant.
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Feed My Starving Children Inc. leased 16K SF at 1680 North Glenville in Richardson from Adler Realty Services. Holt Lunsford Commercial’s Josh Barnes and Ben Wallace represented the landlord.
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Globe Life and Accident Insurance Co. leased 10K SF at 1305 North Watters Road in Allen from Gateway Industrial. Holt Lunsford Commercial’s Josh Barnes and Ben Wallace represented the landlord. Swearingen’s Bruce Hecht and Ben Goldthorpe represented the tenant.
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Ord Network leased 11K SF at 4109 Lindbergh Drive in Addison from JSALA Really Ltd. Mercer Co.’s David Wilganowski represented the landlord.
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Continental Datalabel Inc. leased 33K SF at 9600-9660 Dilworth Road in Dallas from ML Realty Partners. Stream Realty Partners’ Matt Dornak represented the landlord. Stream Realty Partners’ Ryan Wolcott represented the tenant.
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Recycling and Waste Reduction leased 27K SF at 992 Haltom Road in Fort Worth from Enigma Properties Haltom LLC. Jeff Traylor represented the landlord, and Stream Realty Partners’ Forrest Cook and Matt Dornak represented the tenant.
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Marine Toys for Tots Foundation leased 30K SF at Heritage Business Park at 800 Industrial Blvd. in Grapevine. Stream Realty Partners’ Blake Kendrick, Ryan Boozer and Sarah Ozanne represented the landlord, Prologis.
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Soho Somervell Trinity L.P. sold its 266K SF building at Trinity 161 Trade Center at 3100 State Highway 161 in Grand Prairie to Colony Industrial. Stream Realty Partners’ Cannon Green and Sarah Ozanne represented the buyer.
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Magpie Land LLC sold its 44K SF building at 1371-1373 and 1375 Round Table Drive in Dallas to DTC Real Estate Holdings LLC. Colliers’ Tom Pearson and Brad Balke represented the seller. Stream Realty Partners’ Jason Moser and Hanes Chatham represented the buyer.
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DexYP renewed and expanded its lease at 2200 West Airfield Drive. DexYP added 22K SF to its existing space for a total of 449K SF leased. Colliers International’s Bob Acuff and Tom Sutherland represented the tenant. CBRE’s D.J. Decker represented the landlord, Verizon Realty Corp.
