The Week in Deals
LEASES
HBS Systems will relocate its HQ this summer into approximately 25k SF at 3400 Waterview Pkwy in Richardson. Colliers International’s Billy Vahrenkamp and Daniel Rudd (pictured) repped the tenant. Cushman & Wakefield’s Bill Brokaw represented the landlord, Colliers International’s Howard Templin is providing project management services and worked with Page, formerly PageSoutherlandPage, which provided programming and design services for HBS.
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Koper Enterprises inked a 12k SF lease at 2512 Tarpley Rd in Carrollton from Group Real Estate Services. Lee & Associates’ Brett Lewis represented the tenant. The landlord was represented in-house by Mike Rose.
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Universal Nutrients signed a 130k SF lease at 14801 Sovereign Rd in Fort Worth from MLRP 14801. Lee & Associates’ Trey Fricke and Reid Bassinger represented the tenant. The landlord was represented in-house by Matthew Smith.
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Waste Track Services leased 52k SF at 2920 Avenue F in Arlington from FPA Division Associates. Bradford’s Michael Spain and Jim Ferris represented the landlord. Bradford’s Will Dillard represented the tenant.
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America's Infomart leased 10k SF at 200 E. Bethany Dr in Allen from LFP Real Estate. Bradford’s Susan Singer represented the landlord. Mark V Commercial’s Jeff White represented the tenant.
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CBRE’s Adam Hammack repped the landlords in three deals.
•POSH Couture Rentals signed a 24k SF lease at 101 to 111 Cole St in Dallas from Crow Family 1991 Limited Partnership. Adam repped the landlord. Stream’s Jason Moser repped the tenant.
•Nippon Express USA inked a 40k SF lease at 1100 N 28th Ave at DFW Airport from LIT Industrial. Colliers’ Noel Hutchison repped the tenant. Adam and colleague, Steve Trese, repped the landlord.
•Trakk Fulfillment signed a 61k SF lease at 204 Airline Dr in Coppell. Adam and Steve repped the landlord, Teachers Insurance & Annuity Association. Mercer Co’s Ryan Boozer repped the tenant.
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Atosa Catering leased 13k SF at 2015 McKenzie in Carrollton. Stream’s Seth Koschak and Luke Davis represented the landlord, First Industrial. The tenant was represented by CBRE’s Tim Vogds.
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Gift Services leased 15k SF at 1525 Greenview Dr in Grand Prairie. Stream’s Matt Dornak represented the landlord, Cabot Properties. The tenant was represented by Stream’s Ryan Boozer.
EXECUTIVE PEOPLE
The LaSalle Group appointed Sherry Daughtery as director of finance. She will be responsible for sourcing debt and equity for new construction developments throughout the county and will secure bridge and permanent financing for existing properties. In addition, she will oversee a team of financial analysts who provide analytical support for all of The LaSalle Group divisions, including expansion initiatives, diversification and special projects. Previously, she worked in the Capital Markets division of Fairfield Residential Co.
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Lincoln Property Co hired Matt Craft as EVP. Previously, Matt was with JLL as a managing director in the tenant representation group.
THIS & THAT
The Hudson Peters Commercial team won second place in the ribs category at the Big D BBQ Battle benefiting the North Texas Food Bank and hosted by the North Dallas Chamber. The Hudson Peters Team was manned by the Dallas Police Association. Among the winning group pictured is Hudson Peters' Elizabeth Ocando, Kimberly Lay, and Cincha Kostman.
SALES
An LLC purchased the 64k SF II Creeks Plaza at 2700 Custer Pkwy in Richardson from a partnership. Marcus & Millichap’s Philip Levy repped both buyer and seller. The property is 90% occupied, and 94% of the existing leases are triple-net.
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Winn Cos and The Roseview Group acquired the 420-unit Trails at River Park apartments in Arlington through Roseview Winn Residential Fund 1. The project is 96.4% leased. Winn plans improvements to the property. WinnResidential will be the property manager and operator.
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Inland Real Estate Acquisitions purchased the 57k SF Tarrant Parkway Commons at US Hwy 77 at North Tarrant Parkway in Keller. UCR Investment Sales’ Adam Howells, Kevin Catalani, and Jessica Donnelli repped the seller. The property is fully leased to Sprouts and Michael’s.
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Applebee’s purchased a one-acre pad site at 1301 E Belt Line Rd in Richardson. Leon Capital Group’s Sterling Hillman repped the seller. Venture Commercial’s John Zikos, Christopher Gibbons, and Chris Booras repped the buyer.
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Kimco Realty sold its 210k SF Mesquite Town Centre Plaza on 15 acres in Mesquite. Cushman & Wakefield’s Tom Salanty, Chris Harden, and Kris Von Hohn represented the seller. C&W’s Trisha Connoly represented QEH Mesquite to finance the purchase.
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Boxer Resorts purchased the DFW Holiday Inn in Bedford. The full-service Holiday Inn has 245 rooms and on-site conference facilities. The seller was represented by Hospitality Real Estate Counselors’ Hank Wolpert.
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Sandlin Homes’ Scott Sandlin purchased 58 acres along Iron Horse Boulevard and Liberty Way in North Richland Hills for a master-planned development called Cambridge. Approximately 192 single-family homes are planned for the community in three phases.
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Hanover Property Co purchased a 358-acre tract at the corner of FM 156 Blue Mound Road and Hwy 287 in Fort Worth for the $300M master-planned development, Berkshire. About 750 single-family homes are planned for the community. The first phase will deliver spring 2015. Texas Capital Bank provided financing. Hanover is working with Jacobs Engineering to develop the site plan and landscape architect Mesa Design Group.
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United Commercial Development sold a 100k SF Coppell Market at SH 121 and Denton Tap Road in Coppell to The Phillips Edison Group. CBRE’s Chris Cozby and Chris Gerard repped the seller.
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Southwest Securities FSB sold the 31k SF Rogers Hotel at 100 N College St in Waxahachie to the Jim Lake Cos. Coldwell Banker Commercial Alliance DFW’s Judy Nitzinger represented the seller. Independent broker Rocky Stones of Waxahachie represented the buyer.
