New HQ; Deal Sheet
|Cambium Learning Group inked a seven-year, 33k SF corporate HQ lease at Briargrove Place, while also allowing the tenant to lower facility costs, say Grubb & Ellis tenant reps SVP Daniel Rudd and associate VP Billy Vahrenkamp.|
|The educational material company will take occupancy at the Class A, four-story office building at 17855 N. Dallas Pkwy. Nov. 1. The company is relocating from Farmers Branch. Adds Daniel: âBriargrove Place presented an outstanding opportunity for Cambium Learning Group, which was created following the merger of Cambium Learning Corporation and Voyager Expanded Learning, to relocate and consolidate." Cambium will occupy the top floor and will have building signage. The property's owner, Crown Sterling Properties operating under Briargrove Place, was represented by Tom Dyer and Brian Griggs in the transaction.|
Stream Realty Partners' Russell Webb repped the buyer in two sales:
|The fully leased Chase bank building at 4709 Ross Ave., in Dallas sold to an international investor for $1.8M. Stan Johnson Co.'s Brett Butler represented the seller, a Dallas-based developer. Strategic Retail Advisors' Tom Roth represented the buyer.|
Transwestern's Industrial team represented tenants in 454k SF of deals.
Transwestern's agency leasing handled a slew of deals:
|Timberhorn signed a new 8k SF lease at 3000 Internet Blvd. at Hall Office Park in Frisco for its Timberhorn IT Solutions and Timberhorn Healthcare corporate HQ. Hall's director of leasing Kim Butler and leasing associate Tammy Lomonaco repped the owner and landlord, Hall Financial Group. Henry S. Miller's Jim Turano represented the tenant.|
Jones Lang LaSalle's Fort Worth landlord leasing team secured five leases totaling 49k SF in Fort Worth on behalf of several property owner clients.
JLL also secured 78k SF of space for Cook Children's Health Care System throughout Tarrant County. JLL EVP David Walters and VP Ryan Matthews represented the tenant in all three transactions.
North Texas Dermatology inked 5k SF at The Shire in Richardson near the SWC of Jupiter Road and George Bush Turnpike. Henry S. Miller SVP Matt Anding negotiated the deal.
EdgePark Surgical renewed a 38k SF industrial lease at NorthPoint Trade Center in North Fort Worth. The five-year tenant signed the last outstanding renewal for the four-building, 408k SF NorthPoint Trade Center at 700-51 Eight Twenty Blvd. Bradford Commercial Real Estate Services SVP Todd Lambeth repped the landlord, 5739 Pacific Partners LP. EdgePark Surgical was represented by JLL's Will James.
In another renewal, Bradford Commercial Real Estate Services SVPs Melanie Hughes and Sharon Friedberg finalized a 4k SF lease with Sentry Energy Production, which expanded by 1k SF in Westgrove Air Plaza at 4570 Westgrove Dr. in Addison from Westgrove Air Plaza Ltd.
Saxon Capitaland Morgan Stanley Credit expanded and extended its lease with KDC Real Estate Investments to 128k SF of office space at 3701 Regent Blvd. in Irving. CBRE's Dennis Barnes and Burson Holman negotiated the transaction with Cushman & Wakefield's Gary Collett and Mari Jones.
Frito Lay North America inked an 8k SF lease at 2707 Realty Rd. in Carrollton from owner Acquiport DFWIP. TIG's Jerod Hangartner represented the owner and Ashley Peterson represented the tenant.
Coppell-based CiCi's Pizza plans to add 500 restaurants in the next five to six years. To that end, the firm hired Bill Spae and Nancy Hampton to drive the expansion of the over 600-unit company. Bill brings more than 30 years of experience as a president, CEO, investor and franchisee to his position as chief development officer. Nancy, a 20-plus year restaurant veteran, will serve as chief marketing officer. She brings experience from Chili's Bar & Grill and Corner Bakery Cafe and most recently ran her own consulting firm. Bill's team will seek out developers and potential franchisees, particularly those interested in multi-unit agreements. Additionally, the plan targets nontraditional locations, like airports. Through recent market and demographic research, the company has identified these prime areas for expansion: the Inland Empire, Chicago, Upstate New York, Philadelphia, Miami and Phoenix.
|Hillwood broke ground last week on the next phase of its 2k-acre Heartland residential community in Kaufman County. Construction includes 111 lots on 20 acres and is scheduled for completion by year's end. Homes will be built by D.R. Horton, History Maker Homes, and J Houston Homes, and will range from $115k to $180k. Heartland—located on the south side of Interstate 20 at FM 741, approximately 20 miles southeast of downtown Dallas—has been the most active community in North Texas for the past year with 246 housing starts. Over the past 18 months, Hillwood also has developed more lots in North Texas than any other development company. Hillwood has also developed lots in its Twin Creeks community in Allen and 78 lots at its Heritage community in Fort Worth since 2009. Hillwood recently purchased the 468-acre Rocky Creek Ranch residential community in West Austin. The community already has 151 completed lots and can accommodate another 241. Rocky Creek Ranch will open in the first quarter of 2011.|
|People on the Move|
Justin Spooner has been named executive director of The Stayton at Museum Way, Fort Worth's first life-care seniors living community. Justin's making the move from senior living management at The Stayton's sister community, Querencia at Barton Creek in Austin, where he has served as associate executive director since 2007. He began working in seniors living in 2002 when he was an operations associate at SQLC's strategic partner,Greystone Communities. From 2004 to 2006, he was director of resident services at Edgemere in Dallas. The Stayton at Museum Way is under construction now in Fort Worth's Cultural District.
Crescent Real Estate Holdings' Trammell Crow Center became the company's first affiliated property to receive LEED certification, earning LEED Silver-EB, making the building one of only eight properties in Dallas and 44 in Texas to receive LEED EB.