This Week's Dallas-Fort Worth Deal Sheet
Clarion Partners purchased Shops at MacArthur Hills, a 75K SF neighborhood shopping center in Las Colinas, from Leon Capital Group.
Shops at MacArthur Hills is 100% leased. Clarion Partners purchased the asset clear of existing debt for an undisclosed price.
Anchored by a Whole Foods, the shopping center also holds a Zoës Kitchen, Fidelity Investments, a Sleep Number and a number of other tenants.
HFF’s Ryan Shore, Barry Brown, Jim Batjer and Aaron Johnson represented the seller.
EXECS
Entegra Technologies appointed Scott Boxer to its board of directors. Boxer was previously the president and CEO of Service Experts Inc. He has been in the industry for 30 years.
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Adolfson & Peterson Construction hired Peter Dean as special project manager. Dean will lead AP’s tactical solutions team. His projects will be in the $50K to $10M range and focus on both traditional and nontraditional markets. Before joining AP, Dean was pre-construction manager at Austin Commercial. He has been in the construction industry for 13 years.
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Ashlar Development hired Jesse Childers as DFW development manager. Childers previously held civil engineering consultant positions with two engineering firms in the DFW area.
SALES
At Home purchased an 11.1-acre site in Far North Dallas at the southeast corner of George Bush Turnpike and Firewheel Parkway. A 108K SF At Home is slated to open on the site in Q4. JLL’s Michael Meaden and Andrew Wiley along with CBRE’s Rich Flaten represented the partnership selling the land.
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7Universal Export LLC purchased the 22K SF industrial property at 1050 Metro Media Plane in Dallas from ARA Metal LLC. Lee & Associates’ Nathan Denton represented the seller. The Michael Group’s Daniel Shin represented the buyer.
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An undisclosed partnership purchased Altamesa Court Shopping Center, a 35K SF property in Fort Worth, from another undisclosed partnership. Marcus & Millichap’s Cody Payne and Ross Meisner represented the seller and secured the buyer.
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BRP Real Estate II LLC purchased the 12K SF property at 3322 Stovall St. in Irving from Public Industrial Property Co. Jeremy Mercer of Mercer Co. represented the buyer.
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Rowan Properties completed four transactions totaling 312 multifamily units in North Texas.
- Vernon Oaks – 121 units in Dallas. The buyer was Blackwood Developments. The seller was B&H Park Investments.
- Kenwood Heights – 211 units in Corsicana. The buyer was Republic Funds. The seller was Kenwood Heights Apartments LLC.
- Jackson Manor – 32 units in Greenville. The buyer was a local private investor. The seller was JMJV LTD.
- Stonegate Terrace – 48 units in Wichita Falls. The buyer was a local private investor. The seller was Wichita Stonegate Terrace LLC.
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King James Properties purchased a 70K SF property at 9225-9249 King James Drive in Dallas from LLC9225-9249 King James LLC. Stream Realty Partners’ Jason Moser represented the seller.
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Innovative Machine and Laser LLC purchased a 44K SF building at 1713 South Great Southwest Parkway in Grand Prairie from Americo Real Estate. Bradford Commercial Realty Corp.’s Michael Spain and Clint Manning represented the seller. Stream Realty Partners’ Luke Davis and Drew Feagin represented the buyer.
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Walnut Gardens LLC purchased the Gardens on Walnut, a 144K SF, 160-unit multifamily property in Garland, from MBP Real Estate Investors III LLC. CBRE Capital Markets’ Chris Deuillet and Chandler Sims represented the seller.
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Landscape Structures Inc. purchased 40K SF at 8131 and 8145 Forney Road in Dallas from Taggert Texas LTD. Mercer Co.’s Keenan Cook represented the buyer. Paladin Partners’ Conrad Madsen represented the seller.
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Kearney Street II JV purchased a 45.7-acre parcel on the south side of Kearney Street in Mesquite. Younger Partners’ John St. Clair and Renzo Cella represented the buyer.
LEASES
Abcom Computer Rental leased 17K SF at 2110 Hutton Drive in Carrollton from First Industrial Texas. Lee & Associates’ Mark Graybill and Adam Graham represented the landlord. Bradford Commercial Real Estate Services’ Brian Afford represented the tenant.
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Society of Diagnostic Medical Sonography extended its lease of 11K SF at Parkway Centre III, 2745 Dallas Parkway in Plano. Stream Realty Partners’ Matt Wieser and Ryan Evanich represented the landlord, KP Parkway III LLC. Spartan Partners Inc. represented the tenant.
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Guidestone Financial Resources leased 114K SF at Pinnacle Tower, 5005 Lyndon B. Johnson Freeway in Dallas, from 5005 LBJ Tower LLC. Stream Realty Partners’ J.J. Leonard, Sara Terry and Chase Lopez represented the landlord. JLL represented the tenant.
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Sourcecorp BPS Inc. leased 99K SF at Parc Royal - Building 5, 3750 West Royal Lane in Irving. Stream Realty Partners’ Blake Kendrick and Sarah Ozanne represented the landlord, Jackson Shaw. Swearingen Realty Group’s Dan Woldert represented the tenant.
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IFM Restoration LLC subleased 21K SF at 14901 Quorum Drive in Dallas. Stream Realty Partners’ Tim Terrell represented the landlord, RP Axiometrics LLC. SHOP Cos.’ Dan Zeltser represented the tenant.
