This Week's Dallas-Fort Worth Deal Sheet
The Omni Frisco Hotel, the luxury hotel in The Star, had its grand opening Friday.
The 300-room hotel with 24K SF of meeting space started welcoming guests on July 24. It features retail space curated by Dallas Cowboys Executive Vice President and Chief Brand Officer Charlotte Jones Anderson.
“The Omni Frisco Hotel is truly a focal point of the luxury and entertainment experience we offer here at The Star,” Cowboys owner Jerry Jones said.
Gensler is the architect of record, and Wilson Associates consulted on the project. It is the official hotel of the Dallas Cowboys.
EXECS
Marc Kurbansade was named the community development director for the City of Allen starting Sept. 18.
SALES
Transwestern Dallas sold $75M worth of multifamily assets in the past two weeks with properties in Texas and Florida:
- The Foundry, Fort Worth: 167 units
- Mark at 2600, Arlington: 250 units
- Casa del Rio, Jacksonville, Florida: 458 units
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Marcus & Millichap’s Ron Hebert sold a 30K SF, Class-B office space at 6340 International Parkway in Plano to an undisclosed private buyer on behalf of an undisclosed seller.
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Marcus & Millichap’s Mark Allen sold the Forest Apartments at 3200 Lake Como Drive in Fort Worth on behalf of an undisclosed LLC to an undisclosed private investor. Marcus & Millichap’s James McGhin represented the buyer.
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Westcore Properties sold 114K SF at 780 Shiloh Road in Plano to Founders Properties LLC. CBRE’s Jack Fracker, Ryan Thornton, Jonathan Bryan and Randy Baird represented the seller.
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TPRF Fund III sold 252K SF at 2051 McKenzie Drive in Dallas to Colony Northstar Inc. CBRE’s Jack Fraker, Ryan Thornton, Jonathan Bryan and Randy Baird represented the seller.
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Marcus & Millichap’s Geoff Ficke and Chris Adams represented an undisclosed LLC in the sale of a 22K SF retail property at 740 West Pipeline Road in Hurst to an undisclosed trust. Marcus & Millichap’s Mike James and Tony Michael represented the buyer.
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Prodigy Design & Renovation purchased an 11K SF office/warehouse space at 2309 Superior Drive in Pantego. Coldwell Banker’s Commercial Advisors DFW’s Wayne Burgdorf arranged the deal between the buyer and seller 2309 Properties LLC.
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Knopf Family Two L.P. purchased a 98K SF property at 12626-12684 International Parkway in Dallas from Texas Industrial Development. Mercer Co.’s Jeremy Mercer represented the buyer. Transwestern’s Steve Rowland represented the seller.
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Mark Molthan Construction bought a 23K SF warehouse at 2909-2919 Blystone in Dallas from BLY Realty. Henry S. Miller Brokerage’s Lane Kommer represented BLY Realty. Mark Molthan Construction represented itself.
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Ladybird Investments purchased a 15K SF property from Three Brothers Properties. Keenan Cook of Mercer Co. represented the seller.
LEASES
OpenDoor Labs entered a new lease for 11K SF of office space in Mockingbird Station, Dallas. Frank McCafferty and Mitch Kumin of Savills Studley brokered the lease.
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Expeditors International renewed its 132K SF lease at 1101 Valley View Lane in Irving. Savills Studley's Frank Mcafferty, Mitch Kumin, Eric Leland and Eric Blohm brokered the renewal.
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NAI Robert Lynn closed seven deals totaling 38K SF in Dallas-Fort Worth.
- Am Tex Auto Insurance leased 1K SF of retail space at 2232 Gus Thomasson in Dallas. NAI Robert Lynn’s Basil Mitchell represented the tenant.
- Anthony Truong and Huong Pham leased 1K SF of retail space at 600 East Ennis Ave. in Ennis. NAI Robert Lynn’s Tom Heraty and Jon McDaniel represented the landlord.
- Granny’s Catfish and Soulfood leased 4K SF of retail space at 205 South Main St. in Red Oak. NAI Robert Lynn’s Tom Heraty represented the landlord.
- EPS Texas Storage Solutions Inc. leased 6K SF of office/warehouse space at 1360 Presidential Drive in Richardson. NAI Robert Lynn’s Dave Peterson represented the tenant.
- Enaxis Consulting leased 3K SF of office space at 15770 North Dallas Parkway in Dallas. NAI Robert Lynn’s Leslie Wood represented the tenant.
- Express Boutique leased 3K SF of retail space at 2740-2770 Valwood Parkway in Farmers Branch. NAI Robert Lynn’s Josh Parks represented the tenant.
- Texhoma Land Consultants subleased 20K SF of office space at 2301 Eagle Parkway in Fort Worth. NAI Robert Lynn’s Colt Power and NAI Partners’ Jason Whittington represented the sublessor.
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Whitebox Real Estate’s Grant Pruitt and Evan Hammer closed three deals totaling 27K SF.
- Blue Ridge Mountain Resources leased 13K SF at 122 West in Irving. Younger Partners’ Sean Dalton and Kathy Permenter represented the landlord.
- Jupiter Prestige Group renewed its 12K SF lease at Royal Freeport Center in Irving. Stream Realty Partners’ Jeremy Kelly represented the landlord.
- Tachyon Technologies leased 2K SF at Las Colinas Highlands in Irving. Cawley Partners’ Kristi Waddell represented the landlord.
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Farrell’s eXtreme Bodyshaping leased 5K SF at 4855 Ohio Drive in Frisco. Goodwin Commercial's Pamela Goodwin represented the tenant. Capstone Commercial's Steve Burris represented the landlord.
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Big Texas Poker leased 10K SF of office space at 808 Stewart Drive in Plano. Goodwin Commercial's Pamela Goodwin represented the landlord.
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Parish-Hare Electrical Supply renewed its 18K SF lease with DDB Properties at 1243 Majesty Drive in Dallas. Mercer Co.’s Jeremy Mercer represented the tenant.
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Ring & Pinion Service Inc. entered a 29K SF lease with First Industrial Realty Trust at 1214 Ave. H in Arlington. Henry S. Miller Brokerage’s Dan Spika and Jim Breitenfeld represented the tenant, and CBRE’s Brian Gilchrist represented First Industrial.
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Men's apparel retailer Bonobos leased 1,200 SF in WestBend, a mixed-use development in the University District of Fort Worth. Its storefront will be between Warby Parker and Drybar. The WestBend redevelopment is adding office space, valet and free covered parking, and amenities. Developer Trademark Property Co. is continuing with Phase 2, expanding the property on 3.5 acres immediately south of WestBend. It will be built out with ground-floor retail, a signature hotel and multifamily units. At full build-out, WestBend will have 670K SF of mixed-use.
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Data Shredding Services of Texas entered a lease with Prologis Targeted Logistics Fund for 11K SF at 801 Hanover Drive in Grapevine. Mercer Co.’s Turner Petersen represented the tenant, and Prologis’ Oscar Couto represented the landlord.
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Aries Worldwide Logistics leased 16K SF with DFW Global Logistics Centre 3-Metro 3 at 1215 Metroplace Drive in DFW Airport. Mercer Co.’s Turner Petersen represented the tenant, and Ascendant CRE’s Steven Bradford represented the landlord.
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Service King Paint & Body leased 98K SF at 1910 Crown Drive in Farmers Branch from CI Dal I-V LLC. ESRP’s Brad Struck and Sharon Morrison represented the tenant, and CBRE’s Steve Trese and Wilson Brown represented the landlord.
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Statewide Transportation Inc. leased 30K SF at 4647 Leston Ave. in Dallas from Regal Business Center LLC. CBRE’s Corbin Crews represented the tenant.
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Gainsco Insurance leased 65K SF from GPI Lee Parkway L.P. at 3333 Lee Parkway, Dallas. CBRE’s Chelby Sanders and Josh White represented the tenant. Granite represented the landlord.
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FINANCING
BMC Capital has arranged a $3.8M loan for a 94-unit multifamily property in Dallas. The loan included a 10-year fixed term, 4.3% interest rate, three years interest-only and a 30-year amortization.
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JLL, led by Mark Brandenberg, secured acquisition financing from S2 Capital and partner Pennybacker Capital for Mark at 2600, a 250-unit, 208K SF multifamily community in Arlington.
DEVELOPMENT
Republic Property Group opened Walsh Village Market at 13801 Walsh Ave. in the 7,200-acre Walsh community.
CORRECTION, Aug. 30 1:55 PM CT: A previous version of this story gave the incorrect date of the Omni Frisco Hotel ribbon-cutting ceremony.
