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750k Spec Data Center; Deal Sheet

750k Spec Data Center; Deal Sheet
Yes, Virginia, there are still spec projects. 3000 Skyline Dallas, a 750k SF data center development in Mesquite— just nine miles from the Dallas CBD—was completed this month and is ready for tenants.
 
3000 Skyline Drive
The property is a powered shell development of Dallas-based Capstar Commercial Real Estate Services and The Cambay Group of Walnut Creek, Calif. It has its own on-site 100M-watt substation  powered by Oncor Electric Delivery Co. Capstar principal John Patterson says 3000 Skyline Dallas is one of the country’s five most powerful  data centers. The LEED-designed facility, divisible into four quadrants of 20M watts each, will provide TIA-942 design standards for Tier III data centers. Scalable data center spaces are divisible from 45k SF to 750k SF. Structure Tone Southwest completed the renovation project on time and to detail, John says. RTKL designed the facility and Thornton Tomasetti provided structural engineering consulting. No price tag was disclosed.
Leases
 
4055 Corporate Dr.
Stream Realty’s Blake Kendrick and Cannon Green represented Hines REIT in an 83k SF renewal with Harland Clarke at 4055 Corporate Dr in Grapevine. Blake, along with Chris Jackson, also repped represented Crow Holdings in a 19k SF expansion of FedEx Trade Networks at 1144 W. Bethel Rd in Coppell.

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Stream’s Seth Koschak and Blake Kendrick represented First Industrial on two 10-year leases at Walnut Ridge Business Park.  The building was vacant upon Stream taking the listing three months ago. Ocean Fresh Laundry leased more than 12k SF and Advanced Beverage leased almost 15k SF. In another industrial deal, Stream’s David Duwe and Jason Moser leased a 30k SF warehouse in Brookhollow to Future Foam Co.

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Jeff Jackson and Cannon Green leased 32k SF at Pioneer 360 to Bledsoe Brace. CRESA Partners represented Bledsoe Brace and Stream represented ING.

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PetroData Business Systems expanded and extended its lease for 10k SF at Chase Bank Center at 1301 S. Bowen Rd in Arlington. PM Realty Group’s Kurt Cherry represented the landlord, Arlington Bank Building Operating Associates. Kurt also repped The State of Texas Office of Attorney General in its 10k SF lease at 2001 Beach St in Fort Worth. RBI Realty’s Belinda Billings negotiated the lease agreement. Kurt also handed an almost 8k SF lease for Concorde Career Colleges at 524 E. Lamar Blvd in Arlington. He repped the landlord, Arlington Plaza.

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Novamex USA leased about 144k SF at 4401 Samuell Blvd in Mesquite Business Center. Jackson & Cooksey represented Novamex and Stream’s Jeff Jackson and Bob Hagewood repped the landlord, Exeter Property Group.

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Duffee & Eitzen signed a new 8k SF lease at Hampton Court, 4311 Oak Lawn Ave in Dallas. Transwestern’s Robert DeptulaNora Hogan and Natalie Snyder repped the tenant.

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Revstone Industries signed a new 67k SF lease at Amber Point Building 4 at 200 Northpoint Dr. in Coppell. Transwestern’s John Fulton and Brett Owens repped the landlord and CBRE’s Ryan Keiser repped the tenant.

People in the News

Stream Realty Partners expanded its Dallas retail division with the hire of Linda Alexande r as VP. Prior to Stream, she worked with RREEF Funds, Colonial Properties Trust, ING Clarion, MEPC American Properties, LaSalle Partners, and Vantage Cos.

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Cushman & Wakefield of Texas added Pete Richardson as director and Drew Richardson as associate to the industrial brokerage group in the firm’s Dallas office. The brother-brokerage team will specialize in land and industrial transactions in the North Texas region. The duo comes from Henry S. Miller Brokerage.

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Duane Henley, formerly of PM Realty Group in Dallas, joined Transwestern’s Dallas office as managing director in the firm’s central region agency leasing team. Duane will continue working with his existing building ownership clients and will work to increase the firm’s overall list of clients. 

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Granite Properties director of property management Tessie Nolan of Dallas and property manager Mary Butler of Houston have been named presidents of their local IREM chapters. Tessie is responsible for Granite property management operations in the DFW area.

Sales
 
3315 E. Division
Fowler Properties sold an almost 224k SF building at 3315 E. Division to Premilec for an undisclosed amount. Transwestern's Jim Hazard represented Premilec and Stream Realty’s Jeff Jackson and Cannon Green repped the seller.

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An unnamed insurance company sold a 2.21-acre site, which is currently a Central Parking lot, in the 2000 block of Ross Avenue, bound by Ross and San Jacinto Street to the north and south. A Cushman & Wakefield of Texas rep says it is one of the largest remaining land sites in the Dallas CBD. A small portion on the northeast corner of the city block, the current location for a branch of Northern Trust Bank, was not included in the sale. Sale price was not disclosed. Cushman senior director Mike Gosslee and vice chairman Bob Edge repped the seller. Bradley & Bradley Realtors’John Bradley repped the buyer, TerraPark Group. Mike says the property was never formally listed for sale, but his client was happy with the offer and the purchaser recognized that this large site is the premier location, and well-suited for a quality development.

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Investors Business Daily and O’Neal Data Systems purchased a 218k SF  office and warehouse facility at 3100 E. Plano Pkwy in Plano. The companies are expanding their office, manufacturing, assembly and distribution operations to Plano. Cushman’s Bob EdgeGary CollettMatt HeidelbaughMari Jones and Billy Gannon repped the buyers. Holmes Davis of Binswanger represented the building seller. Investors Business Daily will occupy 28k SF. Expanding from LA, O’Neil Data Systems will occupy 190k SF for the printing, assembly, and distribution of a variety of publications.

Completed Projects

The expansion and remodel of the 46k SF St. Philip’s School  and Community Center was completed this fall. t. howard + associates was the designer and architect of record. The new design creates a front door to the campus (we presume there were other ways to access it before) and a new  bell tower  provides an identifiable landmark for the campus.


WASHINGTON DC 10.19.2017

THE FAIRFAX COUNTY STATE OF THE MARKET

Development Pipeline and Current Projects

Katherine Bonnafé
Combined Properties
Greg Trimmer
JBG SMITH
Alex Nyhan
First Washington Realty