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Atlas Acquires KC Site

Dallas-Fort Worth
Atlas Acquires KC Site
Liberty Lofts
The Dallas office of HFF arranged $1.8M in financing for the acquisition of 27 units at Liberty Lofts, a fractured condominium development in Kansas City, Mo. HFF associate director Adam Herrin worked exclusively on behalf of the borrower, Atlas Properties, to secure the five-year, construction mini-perm loan through Mutual of Omaha Bank. Loan proceeds were used to acquire the 27 vacant units and complete the remaining construction that the original developer did not complete. The condos will be completed and repositioned as rental units, Adam tells us.

Leasing News

Cushman & Wakefield's US industrial MarketBeat report shows the DFW industrial market ranked ninth in the nation in leasing activity with 2.6M SF. Greater Los Angeles came in first with 8.2M SF leased followed by Inland Empire, Chicago, Atlanta and Houston rounding out the top five. Leasing activity took a breather during first quarter but at least three major leases during 2Q10, each over 100k SF show DFW will soon regain its form, according to the report


Jones Lang LaSalle worked a number of deals across the Metroplex:

  • United Surgical Partners International expanded its office space to 83k SF and extended its lease term at Colonnade III at 15305 Dallas Parkway in Addison. The Colonnade location serves as USPI's headquarters. JLL's prez Paul Whitman and SVP Josh White represented USPI. CBRE's SVPs J.J. Leonard and Jay Bailey and associate Susannah Wallace represented the landlord, CB Richard Ellis Investors.
  • JLL SVPs Jeff Eckert and James Esquivel  worked two deals including one repping property owner Younan Properties at Four Forest Plaza with Steven Sanders leasing 3k SF repped by The Amend Group's John Amend. The pair repped property owner Berkeley First City, LP in a 1k SF lease with English & Associates at 1700 Pacific.
  • JLL SVP  Sandie Matejek and associate Matt Samler  repped property owner Younan Properties in several deals including: at Three Energy Square, Cowboys and Indians leased 6k SF. Newmark Knight Frank brokers John Shaunfield and Kyle Jett represented Cowboys and Indians; at Two Energy Square, they negotiated a lease with Terry Cross for 1k SF on a direct basis; at One Energy Square, they negotiated seven leases totaling 6k SF. Among the leases were 2k SF  for Neofirma, Inc., which was represented by Stream Realty. Spence Energy Company leased 1k SF as a direct transaction. Crescent Oil and Gas leased 1k SF and TSC Oil and Gas leased 881 SF. Both were represented by Jackson Cooksey. Lewis Operating Company leased 465 SF, Martha Ann Schneider leased 353 SF and JR Woodley Ranch Real Estate, Inc. leased 226 SF. All three tenants negotiated their deals on a direct basis.
  • Sandie  worked with VP Shannon Brown repping property owner ECOM Real Estate Management on a direct basis for a 2k SF lease for Pierpoint at Stone Tower.


Tio Carlos Restaurant & Bar relocated its restaurant to Henry S. Miller's Towne North Shopping Center at 3601 Beltline Road in Irving. The restaurant leased 6k SF. The landlord, Towne North Shopping Center Partners, Ltd. was represented by Henry S. Miller Brokerage assistant VP Kent Arnold and VP Henry S. Miller IV. Coldwell Banker Residential's Shelley Harber repped the restaurant.


The Dallas office of Grubb & Ellis Company recently completed a number of deals with Sean Dalton and Russ Johnson working three transactions including:

  • Representing the landlord, TSLF Abrams in two deals at Abrams Centre, 9330 LBJ Freeway: the 3k SF renewal by the General Services Administration, which repped itself; and the 2k SF lease of Farmers Insurance, repped by Duggan Realty Advisors LLC's L.J. Erickson.
  • Sean and Russ worked with colleague Kathy Permenter repping landlord, McKnight Dallas Real Estate L.P. in the 14k SF lease by Ocular LCB Inc. at 3 Park Central, 12700 Park Central Dr. Myers Commercial' Bob Myers of represented the tenant.

Grubb & Ellis' Heather Shover and Chris Wright  partnered in a pair of transactions including:

  • Repping the landlord, Bro-Co LLC, in two deals including a 6k SF lease by CLEAResult Consulting Inc. at Premier Center, 6500 N. Belt Line Road with JLL's Campbell Henry representing the lessee; and a 2k SF lease by PerfecTech at Plaza on the Parkway, 15443 Knoll Trail Dr. NAI Robert Lynn's Dan Jardine  repped the tenant.
  • Chris worked another deal with colleague Noreen Mehdi repping the landlord,  TCT Holding Company in a 3k SF lease by Bobby Goldstein Productions at Turtle Creek Tower, 3131 Turtle Creek Blvd. The lessee represented itself.  

Grubb & Ellis did some tenant rep, too, including:

  • Property Damage Appraisers renewed its lease of 9k SF at Mira Vista Commons, 6100 Southwest Blvd., from M&L Fort Worth Partners Ltd. Grubb & Ellis' Daniel Rudd and Billy Vahrenkamp represented the lessee and NAI Huff Partners'Bill Behr represented the lessor. 
  • Alpine Power Systems Inc. leased 7k SF of industrial space at 1357 N. Glenville Dr. in Richardson from TCIT Dallas Industrial. Grubb & Ellis' Ben Phillips represented the lessee and Bradford Companies' Chris Stout represented the lessor.


CB Richard Ellis negotiated several lease deals including:

  • Lasercut Machining Inc. renewed its 39k SF industrial lease at 11261 Indian Trail in Dallas. CBRE's Steve Berger represented the tenant and Sperry Van Ness' David Cook repped the tenant.
  • THD At-Home Services leased 11k SF of industrial space at 11419 Ferrell Dr. in Farmers Branch. CBRE's Adam Hammack repped the tenant and Holt Lunsford Commercial's Joshua Barnes repped the landlord, Riverbend DFW Industrial LP.
  • Plano Parkway Commons, 5068 W. Plano Parkway in Plano, leased 2k SF of office space to Goliath Games LLC. CBRE's Michael Dudley and Blake Shipley negotiated for the landlord, ACRON US Management Inc. HudsonPeters Commercial's Sara Fredericks represented the tenant.
  • AT&T Services leased 2k SF of office space at 3100 Loop 150 East in Bastrop.  CBRE's Steve RigbyPeter Danna,Baron Aldrine, and Mike Kay  negotiated for the tenant.


The Retail Connection worked two leases.

  • Anytime Fitness leased 5k SF in the Hillsboro Retail Center at 303 Coke St. in Hillsboro from Coke Street Partners, Ltd., which was repped by Merritt Capital's Joe Merritt. TRC's Andrew Sudderth and Matt Wilson repped the tenant.
  • Rally House of Texas leased 7k SF in Alpha Parkway Plaza at the NEC of Dallas North Tollway and Alpha from Dalsan Properties Co./Galleria Plaza Ltd., which was repped by Jenco's Jennifer Reynolds. TRC's Jeremy Zidell and John Mathes repped the tenant.


Transwestern's office handled a number of deals with multiple brokers including:

  • Transwestern's Fletcher Cordell represented the landlord, KBS Realty Advisors, in the following six deals: 3k SF at Gateway Tower. CBRE's Jennifer Young represented Baylor Health Network; 2k SF at Gateway Tower to Mohammed Al-Baki, who was repped by NAI Robert Lynn's Kent Smith; 2k SF at Pacific Center to Timepiece Public Relations, which was repped by Newmark Knight Frank's Kyle Pierson3k SF at Pacific Center to Stephens Dealership Management, which was repped by Transwestern's Travis Ewert and Paul Stockard2k SF at   Compass Bank Building, which Cushman & Wakefield's Steve Wentz representing the tenant, PE Services; and 6k SF at International Plaza III with colleague Kim Brooks to ServCorp Dallas LLC with CBRE's John Woolsey and Searcy Ferguson repping the tenant.

Transwestern's Justin Miller represented KBS Realty Advisors, the landlord, in the following deals:

  • 5k SF at 14800 Quorum to Red River Solutions, which was repped by Peloton's John Briggs; and 809 SF at Parkwood Place to JZB Enterprises, which was repped by Laughlin Commercial's Grant Laughlin.

Justin and Kim worked with colleague Matt Didyk to represent the landlord, Equastone in the following deals:

  • 2k SF at Palisades Center II to Verveba Telecom, LLC, repped by Newmark Knight Frank's Kyle Jett; and 1k SF at Palisade Central II to Dennis Patterson, P.C., repped by Potts Law Firm's Steve Potts.


Bradford Commercial Real Estate Services inked several deals including:

  • Product Innovation Research LLC renewed its 59k SF lease at Venture Distribution II, 1207 Trend Dr. Bradford VP Brian Pafford repped the landlord. CBRE's Nathan Lawrence represented the tenant. 
  • Bradford SVP Susan Singer and market director Jason Miller repped the landlord, SeaCal Addison, in two deals at Marsh Business Park East, 15164 Marsh Lane in Addison. A 6k SF renewal to Fuller's Acquisition Corp., which was repped by Metro Texas Commercial and a 5k SF lease to Speed Specialists LLC, repped by Freedom Realty.
  • 3R Electronics LLC leased 3k SF of light-industrial space in Sandhill Business Center, 10725 Sandhill Road in Dallas, from OMO Investment Co. Bradford broker associate Chris Larzalere represented the landlord.


Excel Trust, Inc., a retail focused REIT acquired 5000 South Hulen Shopping Center in Fort Worth for $22M. The 87k SF multi-tenant shopping center, anchored by Old Navy and Barnes & Noble becomes the fifth property in the newly formed REIT's portfolio, which already includes the properties of Five Forks PlaceNewport Towne CenterExcel Centre and Red Rock Commons.


Centric Capital Partners purchased the Ebby Halliday Realtors Building, 7520 MacArthur Blvd. in Irving from Reef Properties, Inc. The 10k SF net-leased building sits on an acre of land. The property was purchased for long term investment purposes. Marcus & Millichap's Jason Vitorino brokered the transaction.


Weathers Beltwood acquired a 54k SF office/warehouse at 4335 N. Beltwood in Farmers Branch. Capital Property Advisors' Tony Gilbert represented the purchaser. Studley's Ric Kanatzar and Adam Petrillo represented the seller, Lawson Products.


A private investor purchased 3k SF of office space from CitiBank at 3011 College Ave. in Snyder. CBRE's Steve RigbyPeter Danna,Baron Aldrine, and Mike Kay repped the seller.


TIG Real Estate Services, Inc. arranged the sale of a 12k SF industrial/flex building at 4808 S. Buckner Boulevard in Dallas. TIG's Ryan Wolcott and Michael T. Grant represented the building owner, Hartys Properties, L.P.


Henry S. Miller Brokerage's Rowan Sbaiti represented the seller in the sale of the 7k SF Boca Bargoons retail building on two acres at 1855 North Central Expressway. The property traded hands between two unidentified owner users. Residential Locators' Beverlee Heintges represented the buyer.


Business Acquisitions

An investment group led by Dallas-based ORIX-USA  Corporation and including Stonehenge Partners of Columbus, Ohio, acquired Red Capital Group from PNC Bank, N.A. Terms of the transaction were not disclosed. Red Capital Group provides financing for multifamily,senior living  and  health care projects through various FHA and Fannie Mae programs and includes a registered broker-dealer that provides underwriting and syndication of multifamily housing bonds and the related tax credits.


Jason Piering, former CB Richard Ellis' Debt and Equity Finance VP, joined Quadrant Realty Finance to manage its debt and equity platform. Since 1997, Jason has worked in commercial real estate finance. In his new role, he will provide debt and equity advisory services and help expand Quadrant's distressed commercial debt investment program. Prior to CBRE, he worked for Goldman Sachs Commercial Mortgage Capital (formerly Archon Financial), where he analyzed and closed CMBS transactions.


Bret Messer joins the Stewardship Commercial Management team as a portfolio manager in the property management division. He has more than 24 years of experience in commercial real estate with a primary focus in value enhancement. Bret has worked 12 years in the Tarrant County Market and 12 years in the Austin/San Antonio Market. During his career he has managed several office building portfolios including  San Jacinto Center  in Downtown Austin overlooking Town Lake. Prior to joining SCM, Bret worked for Centra Asset Partners, Equity Office Properties, and Pyramid Properties.


Hudson Peters Commercial VP Debi Carter earned her CCIM designation last month. Debi began her career with a local developer where she began as a leasing agent and later became a partner.


Karra Guess, formerly of The Staubach Company/Jones Lang LaSalle in Dallas, joined Transwestern as managing director and will lead the firm's Central region Tenant Advisory Services  practice. She will serve clients throughout the DFW marketplace, as well as multi-market clients. Karra held a variety of positions within The Staubach Company ultimately serving as SVP and COO. 

New Business

Perkins Coie  law firm opened a new office in downtown Dallas, inking a 4k SF lease in the Trammell Crow Center. This is the first Perkins Coie office in Texas; Steven R. Smith has been named the partner-in-charge. This new office will focus on serving clients with real estate workouts and lending needs. Crescent's Katy Cleary represented the owner, C-W #11 Limited Partnership (an affiliate of Crescent Real Estate Holdings LLC), while CBRE's Phil Puckett and Michelle Donaldson represented Perkins Coie. 


KAI Texas has been selected as the project designer for the new home for the National Multicultural Western Heritage Museum in Fort Worth. KAI will guide the architectural design for a multi-million dollar renovation to a 31k SF space at 3520 E. Berry St. that will house the new museum. The facility opens in 2013.


The Dallas office of HFF has been named to market for sale a 16-building, 2M SF, 99.7% leased industrial portfolio located in Oklahoma City and Tulsa. The HFF investment sales team will be led by managing director Jud Clements and director Robby Rieke who are marketing the portfolio on behalf of the seller, The Gardner Tanenbaum Group, which is based in Oklahoma City. The portfolio is being offered in two separate sub-portfolios as the portfolio is encumbered with two assumable debt options that run through March 2015 and January 2016. The two portfolios are being offered individually or as a single portfolio transaction. The portfolio is currently leased to 40 tenants with an average remaining lease term of approximately five years.

Related Topics: CBRE, JLL, Sperry Van Ness, Goldman Sachs, Kathy Permenter, Baron Aldrine, Farmers Insurance, Younan Properties, Phil Puckett, Billy Vahrenkamp, Daniel Rudd, Jackson Cooksey, Perkins Coie, San Jacinto Center, Trammell Crow Center, Downtown Austin, Adam Herrin, Ryan Wolcott, Sean Dalton, Equity Office Properties, Kansas City, Justin Miller, PNC Bank, Brian Pafford, NAI Global, The Dallas, Jason Miller, Old Navy, Park Central, Oklahoma City, Chris Wright, Jeff Eckert, Susan Singer, Chris Stout, James Esquivel, Mike Kay, Stonehenge Partners, Peter Danna, Dallas Parkway, Steve Rigby, TIG Real Estate Services, Russ Johnson, Adam Hammack, Nathan Lawrence, Steve Berger, Plano Parkway, Paul Whitman, Jason Vitorino, Shannon Brown, Centric Capital Partners, Jay Bailey, Blake Shipley, Fletcher Cordell, Beltline Road, Josh White, Quadrant Realty Finance, Ellis Company, Jud Clements, Campbell Henry, KAI Texas, Jeremy Zidell, Kent Smith, Katy Cleary, RED Capital Group, John Woolsey, Kyle Jett, Debi Carter, Lawson Products, Anytime Fitness, Andrew Sudderth, John Shaunfield, The Colonnade, Pacific Center, Matt Didyk, Susannah Wallace, Gateway Tower, Searcy Ferguson, Michael Dudley, SeaCal Addison, Ben Phillips, John Amend, Sara Fredericks, Glenville Dr, Myers Commercial, Heather Shover, Town Lake, Joshua Barnes, Dan Jardine, 3 Park Central, Travis Ewert, Abrams Centre, Bob Myers, John Mathes, Michelle Donaldson, The Amend Group, OMO Investment Co, Berkeley First City, McKnight Dallas Real Estate, Bradford Commercial Real Estate, Steve Wentz, Parkwood Place, Marsh Lane, Ric Kanatzar, Miller IV, Matt Wilson, Paul Stockard, Limited Partnership, Omaha Bank, Matt Samler, One Energy Square, Two Energy Square, The Staubach Company, Indian Trail, Four Forest Plaza, Jennifer Young, Tenant Advisory Services, Jennifer Reynolds, Colonnade III, Capital Property Advisors, United Surgical Partners International, International Plaza III, Turtle Creek Tower, ECOM Real Estate Management, Towne North Shopping Center, Bret Messer, Stewardship Commercial Management, Steven Sanders, Crescent Oil, TSC Oil, Martha Ann Schneider, JR Woodley Ranch Real Estate, Terry Cross, Baylor Health Network, Compass Bank Building, TCIT Dallas Industrial, Leasing NewsCushman, Premier Center, David Cook, HudsonPeters Commercial, Chris Larzalere, Tony Gilbert, Adam Petrillo, Crescent Real Estate Holdings LLC, Liberty Lofts, Atlas Properties, Rally House, Marsh Business Park East, Karra Guess, Kyle Pierson, Buckner Boulevard