This Week's Dallas-Fort Worth Deal Sheet: Lockton Locks Up 100K Office in Dallas Financial District

Privately-held insurance broker Lockton will soon be a high-profile tenant of the Victory Park area of Dallas.

Hillwood Urban signed Lockton to a three-floor lease for 100K SF of office space in its Victory Commons One building in Victory Park. The deal comes with “prominent signage” for the insurance broker. 

Victory Commons One was completed in 2022 by Hillwood Urban and partner Affinius Capital. It features a 1-acre park, a 4,000 SF tenant lounge, a fitness center and a 5,000 SF garden on the building’s seventh floor.

Cushman & Wakefield’s Mike Mayer, and Stream Realty Partners’ Dan Harris and Randy Cooper represented Lockton in the deal. Hillwood Urban’s Brokaw and Karch Schreiner represented the property owner.

“As one of the premier office buildings in Dallas’ emerging financial district, Victory Commons One is at the epicenter of unprecedented growth,” Hillwood Urban Senior Vice President Bill Brokaw said in a statement.

PEOPLE

Cushman & Wakefield added Todd Savage as executive managing director of office investment sales. Based in Dallas, Savage will work to expand investment sales across Texas. With more than 24 years of experience, Savage joins Cushman & Wakefield from JLL.

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The Greater Irving-Las Colinas Chamber of Commerce promoted Lauren Campbell to vice president of investor relations. Campbell will foster relationships with stakeholders in Irving-Las Colinas and will serve as the primary liaison between the business community and the chamber.

SALES

Texas-based investment and development company M2G Ventures partnered with Austin-based Evergen Equity to acquire the 188K SF Lewisville 121 industrial park in Lewisville. The six-building, multitenant property is located on 11 acres at 1590 and 1620 E. Business Highway 121. M2G plans project improvements such as exterior paint, canopy modifications, exterior lighting improvements, landscape upgrades and the addition of monument signage. Stream Realty Partners’ Mac Hall will lead leasing efforts.

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Foundry Commercial closed on the industrial outdoor storage site Freeway Yards at 8800 South Freeway in Fort Worth. Serving as both buyer and developer, Foundry Commercial partnered with Manulife Investment Management on the 6-acre site as part of the Foundry/Manulife IM IOS Venture announced in 2024.

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The Woodmont Co. closed on the sale of the 10K SF Goddard School at 142 McCormick Blvd. in Oak Point. The Woodmont Co.’s Russel Wehsener represented the buyer, while Sands Investment Group represented the seller in the deal. The property features a 15-year triple-net lease with no landlord responsibilities.

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Peak Development Partners purchased 2 development acres in Coppell from Ardinger Properties LLC. Terms of the deal for the future retail site at 1 W. Sandy Lake Road were not disclosed. Younger Partners’ Davis Willoughby and Luke Nolan represented both parties in the transaction. 

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Affiliates of Harbor Group International acquired the 300-unit multifamily property Livano Canyon Falls in Northlake. Built in 2024, the property is part of the larger Canyon Falls master-planned community, which covers nearly 1,200 acres across Northlake, Argyle and Flower Mound. Community amenities include a designer clubhouse, an entertainment kitchen, a resort-style pool with a sun deck and electric vehicle charging stations.

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Panattoni Development Co. sold the more than 1.6M SF Midpoint Logistics Center in Lancaster. The two-building industrial center was completed in 2023 and is fully leased to two credit tenants. The buildings are located at 3501 Midpoint Drive and 3803 N. Dallas Ave. in Lancaster. JLL Capital Markets’ Trent Agnew, Tom Weber, Parker McCormack, Pauli Kerr, Matthew Barge and Brennan Fewin worked on behalf of Panattoni Development in the deal.

LEASES

Toyota Financial Services leased the entirety of the 242K SF The Offices at Southstone Yards in Frisco. The seven-story mass-timber building, developed by Crow Holdings Development, features a fitness and wellness center, private terraces on every floor and access to 3 acres of surrounding park space.

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OFCO Inc. re-signed for 18K SF in a long-term lease at Ludelle Industrial Park in southeast Fort Worth. The office furniture supplier was represented by NAI Robert Lynn’s Jeff Jackson for the full-building lease. Bradford Commercial Real Estate Services’ Richard Hitz and Jason Finch represented owner Basis Industrial. 

CONSTRUCTION AND DEVELOPMENT

Rosewood Property Co. and equity partner Barings broke ground on multifamily community The Gilman in the Las Colinas neighborhood of Irving. Located on nearly 7 acres off Highway 114, The Gilman will feature 370 apartment homes with views of The Nelson Golf & Sports Club. The multifamily community is expected to be completed by early 2027.

The Gilman will offer amenities such as a clubroom, co-working offices, a TrackMan golf simulator, a resort pool, a dog park and dog spa, and a two-story fitness center. The Gilman team includes Hensley, Lamkin, Rachel Inc. as the architect, LandDesign handling landscape design, B2 Architecture + Design overseeing interior design, Glenn Engineering as the civil engineer and Blackland Partners as the general contractor. Prosperity Bank is the lender.

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The Anna Economic Development Corp. announced Liberty Hills, a master-planned community on 1,035 acres along Highway 75 at the northern end of the city. Construction on the mixed-use community is expected to begin in the fall, with homebuyers ready to move in by 2027. Phase 1 of Liberty Hills will encompass 74 acres along the development’s east side and includes 269 lots. Final build-out of Liberty Hills will include 1,800 lots.

Homebuilders for Phase 1 of the residential development include Grand Homes, Perry Homes, Shaddock Homes and William Ryan Homes. Veritas Communities will develop the remaining acreage and bring on additional homebuilders for later phases of the project.

In partnership with the city of Anna, Veritas Communities will invest $50M into site infrastructure to provide an east-west throughway over Highway 75 via Mantua Parkway and Standridge Boulevard.

THIS AND THAT

Real Capital Solutions tapped Lincoln Property Co. to oversee marketing and leasing for the 510K SF Tower at Park Lane in Dallas. The new owner plans to invest $13M in a capital improvement project for the tower. Located at the intersection of Highway 75 and Highway Loop 12 in Dallas, the building was formerly known as NorthPark Central.