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North Texas To Get Its First Community For People With Intellectual, Developmental Delays

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Granite Properties inked several new tenants at the 12-story, 306K SF Granite Park Five in Plano. Once these tenants move in, the tower at at 5830 Granite Parkway will be 87% occupied.
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Granite Park V Scores Several New Tenants, Brings Occupancy To 87%

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Five Areas Of Focus For The Next Generation Of Office Users
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Five Areas Of Focus For The Next Generation Of Office Users

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Grandscape inked three first-to-market concepts. Andretti Indoor Karting and Games leased 110K SF and will open in 2019 with more than 120 arcade games, a ropes course, racing simulators and a restaurant. Japanese restaurant Akira Back and Windmills Craftworks, a restaurant, beer, book and music concept hybrid, will both open in 2018.
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This Week's Dallas-Fort Worth Deal Sheet

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Frank Recruitment Group has leased 12K SF in Downtown Dallas’ Ross Tower as part of the firm’s U.S. expansion. 
This office, that will eventually employ more than 300 people, will be its largest location. Initially, Frank Recruitment Group will employ 150 people to operate its Nigel Frank International brand when it moves in June 5 on Ross Tower’s 24th floor. HPI Real Estate’s Hunter Lee repped the landlord. HPI, in partnership with Second City Real Estate and Bandera Ventures, bought Ross Tower for an estimated $120M in December 2015. It is currently under renovations to open up ground floor retail. 
Robbie Baty and Travis Boothe from Cushman & Wakefield’s Dallas office and Seth Hecht in Cushman & Wakefield’s New York office repped Frank Recruitment Group. The firm looked in many cities in the South and Dallas was the clear winner because of its Downtown walkability and energy, Baty said. 
Frank Recruitment Group has offices in London, New York and Philadelphia.
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London Recruiting Firm Continues U.S. Expansion With New Dallas Office

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Bed Bath & Beyond at Creekwalk Village in Plano
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Plano’s Creekwalk Village Snapped Up By Private Investor

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Dallas-Ft. Worth 05.25.2017

Fort Worth State of The Market

Betsy Price
— City of Fort Worth —
Bill Burton
— Hillwood Properties —
Scott Emmons
— Neiman Marcus —
WestBend Fort Worth
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Fort Worth's Growth Story Is Just Beginning

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In a joint venture, California-based Majestic Realty Co. and Fort Worth-based Hickman Cos. will develop a 320-acre master-planned business park called Majestic Fort Worth South Business Park. The 6M SF office, industrial and logistics park will be about 3 miles south of the intersection of Interstate 20 and Interstate 35 West.
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Majestic Realty, Hickman To Develop 6M SF Industrial Park In South Fort Worth

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How The Harwood District Helped Create Uptown Dallas, One Building At A Time
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How The Harwood District Helped Create Uptown Dallas, One Building At A Time

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Dallas-based developer Mustang Creek Estates started construction on its new assisted living and memory care community at at 3900 Ranch Road in Sachse. The $7.5M project will have six home-style residences available to house up to 16 seniors each. In total, the 42K SF project will create 50 jobs for about 90 residents.
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Mustang Creek Estates Breaks Ground On Fifth Affordable Senior Housing Community In DFW

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Lincoln Property Company Plans $50M Makeover For Former Village At Fairview
After purchasing the former Village at Fairview in December 2016, Lincoln Property Company has rebranded the retail center Fairview Town Center.
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Lincoln Property Plans $50M Makeover For Former Village At Fairview

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Vestar and the Woodmount Co. have rebranded Fort Worth’s West 7th corridor Crockett Row at West 7th in preparation for new tenants. In addition to branding, the five-block corridor at the southeast corner of West Seventh Street and University Drive North will get new way finding signage and features and enhanced parking garages exclusive to customers.
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West 7th Rebrands, Prepares For New Tenants

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For sale sign
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How Value-Add Has Changed Since The Great Recession

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Boxer Property concluded a multi-year expansion and renewal negotiations with TriDigital, a Dallas-based IT marketing firm, at 101 East Park Blvd. in Plano bringing its total size to 12K SF. Boxer’s  Julieann Chism and Gloria Medlock repped the tenant.
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This Week's Dallas-Fort Worth Deal Sheet

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Co-Living Grows Up: Scrappy Startups Preparing To Disrupt Housing On Massive Scale
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Co-Living Grows Up: Scrappy Startups Preparing To Disrupt Housing On Massive Scale

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Marcus & Millichap sold The Gables of Notting Hill, a 175-unit apartment property in Hurst.  Marcus & Millichap’s Al Silva and Ford Braly had the exclusive listing to market the property on behalf of the seller, a Houston-based private investment firm.  The buyer, a private Dallas-based investment group, was also secured by Al and Ford.
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Dallas Suburbs Gaining Renters Faster Than Urban Counterparts

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Lidl
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Lidl Sets Sights On 7 North Texas Sites

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Crescent Real Estate’s Uptown development, McKinney & Olive
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Legal Office Trends: DFW vs. Houston

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Insurance giant State Farm takes on another 500k SF in Richardson with the completion of CityLine's fourth office tower aptly named Four CityLine. KDC completed the tower on the east side of Plano Road this week.
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State Farm Shuttering 11 U.S. Facilities, Consolidating Employees To Dallas, Atlanta, Phoenix

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Bastrop texas downtown
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Texas Historical Commission Aims To Revitalize Small Town Texas With New Database Website

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HealthSouth Rehabilitation Hospital of Austin
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Healthcare Realty Trust Sold 6-Property Healthcare Portfolio Across 3 States

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Trammell Crow and joint venture partner PGIM Real Estate started construction on Phase II of 35-Eagle industrial park in Fort Worth. Three new buildings are planned for the 106-acre site: Building A, a 1.1M SF cross-dock warehouse; Building H, a 313K SF rear-load warehouse; and Building J, a 234K SF cross-dock warehouse. Completion for all three buildings is expected for late 2017.
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This Week's Dallas-Fort Worth Deal Sheet

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A 1.2M SF, two-building industrial park on will be developed on a speculative basis by Crow Holdings Capital-Real Estate in Lancaster. Construction on both buildings will begin this May and be completed Q1 of 2018.
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South Dallas Getting 1.2M SF Of Industrial Space In New Crow Holdings Project

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NE Development will break ground Thursday on the tallest multifamily building in Plano, LVL29. The 29-story, 328-unit complex designed by Humphreys and Partners with interiors by Henderson Design Studio will be constructed by Hunt Construction.
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The Largest HUD Construction Loan Ever In The Southwest Goes To …

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Gables McKinney in Uptown Dallas
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Housing Options For Families Remain Limited Downtown

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Seefried Properties has completed a $36.5M two-building training and distribution center for Mercedes-Benz in Grapevine. Mercedes-Benz employees moved into a 263K SF parts distribution center and a 59K SF learning performance center last week, Seefried executive chairman Ferdinand Seefried said. The parts center will be fully occupied and operational by May 10.
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Seefried Properties Completes Training, Distribution Campus For Mercedes-Benz

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Three Galleria Tower
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Galleria Towers Inks 88K SF Tenant

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Clearfork fort worth
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Institutional Investors Could Turn Fort Worth Into Tier One City

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Axiometrics' Jay Denton, Milestone Group's Robert Landin, Monogram Residential Trust's Mark Alfieri, Gables' Sue Ansel
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Milestone Completes Privatization After Starwood Purchase

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