|The 10-story, 257k SF 6565 MacArthur at Sierra, a Class A office building near the intersection of SH161 and MacArthur Boulevard achieved a LEED-EB: O&M Silver. Managed by Cousins Properties Services, senior property manager John Wehmeyer tells us the ultimate cost savings in utilities and operating expenses over the long haul make the upfront certification costs worthwhile. Plus, using less electricity and water makes it the right thing to do, he adds. It also attracts tenants: âIf you have two like properties, and one is LEED, that building is going to appeal to more tenants.â.|
Bradford Commercial Real Estate Services SVPs Melanie Hughes and Sharon Friedberg worked a couple of deals:
Colliers International completed two lease renewals totaling more than 96k SF in the Plano and Lewisville submarkets.
IHOP inked a 4k SF lease at 7830 N. Central Expressway at Caruth Haven in Dallas from Rosebriar Caruth Haven, a Texas limited partnership. The Retail Connection's Terry Syler repped the tenant working with Rosebriar Properties' Robert Claycombe, Ryan Stewart, and Kelly Pennock.
Robert Half International signed a long-term lease renewal at the Bank of America building in Arlington. SCM Real Estate handles the leasing and management of the seven-story, Class A building located at 2000 E. Lamar Blvd. SCM Real Estate Services senior leasing agent Theron Bryant represented the landlord and Cresa Partners' Bret Hefton repped the tenant.
Grubb & Ellis Co. completed the following lease transactions with Heather Densmore Shover and Chris Wright representing the landlord in three deals:
Russ partnered with Sean Dalton in two other deals repping the landlord including the 4k SF lease renewal for American Group Insurance in 3 Park Central at 12700 Park Central Dr. from McKnight Dallas Real Estate. The lessee represented itself. The other deal is an almost 5k SF lease for Med-Provider Solutions in Abrams Centre at 9330 LBJ Freeway from Tremont Realty Capital. CBRE's Mike Cleary represented the tenant.
Brown & Partners renewed its lease of 10k SF in The Quadrangle at 2828 Routh St. from the Clover Quadrangle Corp. Grubb & Ellis'Cribb Altman and Lee Wagner represented the lessee and Peloton Real Estate Partners' Grant Sumner represented the landlord.
Weaver Boos Consultants leased almost 13k SF in Crosslands Plaza Office Center at 6420 Southwest Blvd. from RP Investments. Grubb & Ellis' Daniel Rudd and Billy Vahrenkamp represented the lessee. Dal-Worth Management & Realty's Ellen Brooks repped the landlord.
Parkside Center, a 26k SF retail property at 13881-13901 Midway Rd. in Farmers Branch was sold for an undisclosed price to Greenway Investment Co. of Dallas. Cushman & Wakefield Capital Markets Group's Brandon Beeson, Barney McAuley, Tom Salanty, and Will Walters represented a special servicer in the sale of the property. Parkside Center is a two-building facility situated on the corner of Midway Road and Parkside Center Boulevard. Current major retail tenants include UPS, Sports Clips, and Schlotzkys.
Stan Johnson Co. and Integral Real Estate Services completed the sale of three net- leased retail properties in Dallas for $4.1M. Brokers included Stan Johnson's Ryan Butler and Brad Moulder and Integral Real Estate Services's Joseph Gampper and Angella Gregory. The properties, sold to three separate individual investors, include:
R.A. Properties acquired 15 acres on Randol Mill Road just east of East Loop 820 in Fort Worth. Stream Realty Partners' Todd Noonan repped the buyer and The Chrisman Co.'s Randall Chrisman represented the seller.
People in the News
Cynthia Prendergast joined Providential Realty Partners as VP, assisting in the company's eastward expansion. Southlake-based Providential provides leasing, brokerage, and asset management consulting. Prior to joining Providential, Cynthia was an asset manager with RREEF for 10 years. She joins former RREEF managing director Kevin Archer, who formed Providential Realty Partners.
Arledge Partners Real Estate Group CEO Susan Arledge was awarded w2wlink's Ascendancy Award in the entrepreneur category at a May 27 reception at the Tower Club in downtown Dallas. She was selected as an outstanding woman who has ascended to achieve and innovate in the entrepreneurial setting. She was recognized for mentorship and being a guiding light to women.
New Service Line
Cushman & Wakefield of Texas added retail leasing services to its list of Dallas branch offerings. Former Blatteis & Schnur SVP and managing partner Lisa Streidl joins C&W as a director in the transaction services group specializing in retail leasing. Lisa will focus on both tenant and landlord representation in the retail sector. Her responsibilities include leasing, site selection/acquisition, site disposition, and portfolio administration in the Dallas-Fort Worth area. Prior to joining Blatteis & Schnur, she was a VP with CBRE.
The Juanita L. and Henry S. Miller Jr. Arts Foundation announced a matching grant to The Dallas Symphony Orchestra for $125k, which has been matched by symphony supporters. Because of the matching funds, the symphony will receive additional grants of $500k totaling $750k in unrestricted funds for operations. The gift is made in the spirit of Juanita and Henry, foundation chairman Vance Miller announced on behalf of co-trustees Henry Miller III, Patsy Miller Donosky, and Jackie Miller Stewart. More than two decades ago, the couple accepted a challenge on behalf of the Dallas Symphony Orchestra, leading to the Dallas Arts District, which incorporates the Meyerson Symphony Center and the AT&T Performing Arts Center.