This Week's Dallas-Fort Worth Deal Sheet: Upgrades, Amenities Win Lease Renewal At Dallas Office

Illinois-based American Portfolio Mortgage Corp. signed a long-term lease renewal for its more than 20K SF office at Bent Tree Green in Far North Dallas. The company reupped after Bradford Commercial Real Estate Services spent nearly $8M on building upgrades and new amenities for the property since acquiring it in March. The company’s office interior will be refreshed and reconfigured as part of the deal.

Bradford MPT Partners built a two-story parking structure and is in the midst of work on a fitness center and tenant lounge as well as upgrades to the HVAC system and elevator cabs. Construction is slated to be done early next year. 

American Portfolio Mortgage Corp. merged with Town Square Mortgage & Investments Inc., which has been a Bent Tree Green tenant since 2017, about a year ago. The more than 151K SF Bent Tree Green property sits at 17300 N. Dallas Parkway.

"We were able to retain the tenant because of building improvements that we are making," Bradford Managing Partner Richmond Collinsworth said in a statement. 

Bradford’s Collinsworth and Melanie Hughes represent the landlord while Newmark’s John Beach represented American Portfolio Mortgage Corp.

PEOPLE

Stream Realty Partners added Jeff Ellerman as executive vice chairman and John Ellerman as executive vice president in its Dallas-Fort Worth office. The father-son team will work with Stream’s tenant advisory services team to go after large-scale opportunities across markets. Jeff has more than 40 years of commercial real estate experience, while John has more than 12 years of experience. Both were previously with CBRE.

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Mexican restaurant-chain Fuzzy’s Taco Shop named Marshall Claycamp the company’s chief operations officer and Patrick Kirk its president and chief marketing officer. Claycamp was previously executive director of operations services for IHOP and will lead all operations for Fuzzy’s. Kirk has more than 23 years of restaurant industry experience and was the DFW-based company’s chief marketing officer before his promotion.

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Workplace and facility service solutions company ISS named Tim Dismond its chief operations officer. Dismond, who is based in Dallas, has more than 20 years of commercial real estate experience and was previously chief responsibility officer at CBRE.

SALES

Foundry Commercial acquired the 250K SF Plano Midpoint development and its 22 acres at 2700 W. Plano Parkway, Plano. Following demolition of the existing office space this month, two Class-A industrial buildings will be constructed by Q1 2026. One of those will be nearly 227K SF with the other slated to be more than 96K SF, and both will offer 32-foot clear heights. Foundry Commercial was represented by its Randy Blakenship, while the seller was represented by Thirty-Four Commercial’s Sarah Kennington, Ruth Griggs and Bryce Jackson. JLL Capital Markets’ Jim Curtin, Melissa Rose, Luke Rogers and Jordan Buck secured construction financing.

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Nimes Real Estate sold the 352-unit multifamily community Lux on Main in Carrollton to RPM Living in a deal arranged by Cushman & Wakefield. The 5-year-old Lux on Main development includes amenities such as a resort-style pool, a 24-hour wellness center, a resident lounge and a business center. The property also has more than 4K SF of fully leased retail space on its ground level. Cushman & Wakefield’s Asher Hall and Grant Raymond represented Nimes Real Estate.

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Alterra IOS purchased an institutional-grade industrial outdoor storage property at 2660 Market St. in Garland. The nearly 88K SF concrete tilt-up building is more than 30 years old. Matthews Real Estate Investment Services’ Alexander Harrold represented Alterra IOS after the buyer raised a $925M fund earlier this year to acquire industrial outdoor storage properties.

LEASES

Republic Elite LLC and Republic National Industries of Texas LP renewed a lease for nearly 15K SF of flex space at 15167-15169 Business Ave., Addison. Bradford Commercial Real Estate Services’ Brian Pafford represented landlord GKI Industrial Dallas LLC, while the tenants were represented by JLL’s Michael Haggar, Tim Lisy, Robert Tamillo and Calvin Hill.

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Granite Properties and Highwoods Properties signed law firm Greenberg Traurig LLP to a long-term office lease for more than 49K SF at McKinney & Olive in Uptown Dallas. Greenberg Traurig will move from its Downtown Dallas office to two floors of the mixed-use McKinney & Olive development in spring 2026. Located at 2021 McKinney Ave., McKinney & Olive is now 100% leased. Newmark’s Mike Shuler, Kyle Jett and John Shaunfield represented Greenberg Traurig, while Granite was represented by its own team of Robert Jimenez, Burson Holman and Elizabeth Fortado.

CONSTRUCTION AND DEVELOPMENT 

Farmers Branch-based Centurion American Development Group will be working with builders Ashton Woods, DR Horton, First Texas Homes, Lennar, Mattamy Homes, Pacesetter Homes and Pulte Homes on the 2,200-home Highpoint Village development on 667 acres in Van Alstyne. The residential community will feature two amenity centers, 110 acres of green space and a 20-acre athletic field to be overseen by the city. Trez Capital assisted with financing the development, which is expected to see a groundbreaking before the end of the year. Centurion American officials said builders should get the first lots in the development during Q2 2026. 

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Commercial jet manufacturer Embraer will invest up to $70M on maintenance, repair and overhaul services and a service center that will create 250 aviation jobs at the Perot Field Alliance Airport in Fort Worth. The company plans to begin operations in Q2 of next year in an existing hangar while constructing a second hangar that is expected to be finished by 2027. 

FINANCING

JLL Capital Markets secured joint-venture equity and acquisition financing for the nearly 102K SF Arapaho Village shopping center in Richardson on behalf of Weitzman. JLL also arranged a six-year, fixed-rate acquisition loan with an insurance company. The shopping center at 801-819 W. Arapaho Road is nearly 92% occupied. JLL Capital Market’s Steve Heldenfels, Chris Gerard, Kristi Leonard, Ryan Pollack, Keenan Ryan and Campbell Swango worked on the deal.

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JLL Capital Markets secured a $227M refinancing for mixed-use development The Union in Uptown Dallas. JLL got a two-year loan with three one-year extension options with Goldman Sachs on behalf of a joint venture between KB Asset Management Co. Ltd. and RED Development. The nearly 506K SF property includes a 21-story office tower that was completed in 2018. It also has nine levels of garage parking and a green space amenity deck, a tenant lounge and a fitness facility. The JLL debt advisory team of Jim Curtin, Greg Napper and Rex Cruz worked on the deal.