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New HQ; Deal Sheet

Dallas-Ft. Worth

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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.
 
Briargrove Place
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: “Briargrove 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. 
Sales

Stream Realty Partners' Russell Webb repped the buyer in two sales:

  • 2129 Martin Dr. in the Sunnycrest Office Park. The buyer was Sahsim Properties. The seller was repped by JPC Realty. 
  • 959 Glade Rd. was purchased by Atinasil. The seller was Khan Ventures.

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Chase bank
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.

Leases

Transwestern's Industrial team represented tenants in 454k SF of deals.

  • La Familia Distributing signed a new lease at 1810 Kelly Blvd. in Carrollton for 158k SF. Tenant reps were Brant LandrySharon Morrison, and Bill de la Chapelle.
  • AerSale signed a new lease at 4155 Patriot Dr. in Grapevine for 45k SF.  Tenant reps were John Fulton and Scott Walker.
  • O'Neil Moving Systems renewed its 43k SF lease at 2755 Miller Park North in Garland. Tenant reps were Sharon  and Joe Whitmer
  • American Sugar Refining renewed its 39k SF lease at 11560 Hillguard Rd. in  Dallas. Tenant reps were Sharon   and Joe. 
  • Water & Power Technologies of Texas renewed its 33k SF lease at 1217 Corporate in Arlington. Tenant reps were Brad Struck and Bill. 
  • Newsom Designs dba Wisteria signed a new lease at 6500 Cedar Springs Rd. in Dallas for 20k SF. Brant served as tenant rep.
  • Synergy Industries renewed its 20k SF lease at 909 S. 5th Ave. in Mansfield. Jim served as tenant rep. 
  • IBP Texas Asset I signed a new lease at 905 NW Carrier Pkwy. in Grand Prairie for 20k SF. Tenant reps were Jim and Brad. 
  • Eternalite Products & Candle Corp. signed a new lease at 2200 Big Town Blvd in Mesquite for 20k SF.  Joe served as tenant rep.
  • DDI Storage & Warehouse signed a new 17k SF lease at 1720 Hurd Dr. in Irving. Tenant reps were Jim and Brad. 
  • Keyston Bros signed a renewal of its 17k SF lease at 5036 Sharp St. in Dallas. Tenant reps were Ward Richmond with the Dallas office, along with Bo Riddle of the Atlanta office. 
  • David Goodman & Madole renewed its 15k SF lease at 5240 LBJ Freeway in  Dallas. Brant represented the tenant.
  • Transtar Aircraft Interiors renewed its 8k SF lease at 1515 Ave. S in Grand Prairie. Jim repped the tenant. 
  • Smith Jackson Boyer & Bovard renewed its 13k SF lease at 9400 N. Central Expy. in Dallas. Sanders Thompson and Josh Knez represented the tenant.
  • Hawk Electronics signed a 9k SF renewal in Lincoln Porte at 14500 Trinity Blvd. in Fort Worth. Tom Clarke repped the tenant.
  • Silverleaf Debt Solutions signed an expansion at 14850 Quorum Dr. in Dallas for 7k SF. Tenant rep was Paul Stockard.
  • Conley Rosenberg & Brenneise renewed its lease at 5080 Spectrum Dr. in Addison for 6k SFAlan Harrington and Steve McCoy represented the tenant.
  • Preston Hollow Specialists signed a new 6k SF lease at 8411 Preston Rd. in Dallas. Michael Griffin represented the tenant.

Transwestern's agency leasing handled a slew of deals:

  • Traxxas signed a 44k SF renewal at Plano Tech Center.Emily Candee and Henry Knapek represented the landlord. Jackson & Cooksey's Trace Elrod represented the tenant.
  • Reid Caldwell represented the landlord in 27k SF of deals, including RD&F Advertising in a renewal and expansion lease at Quorum Place for 8k SF. Colliers International's Greg Hoffman represented the tenant; Industry Consulting Group signed a renewal and expansion lease at Stemmons Place for 7k SF. CBRE's Chris Herrmann represented the tenant; Staples Contract & Commercial signed a renewal at Stemmons Place for 7k SF. Fischer & Co.'s David Ginther repped the tenant.
  • Scott Walker represented the landlord in deals totaling 17k SF, including a 13k SF renewal for Columbia Insurance Co. at 3333 Lee Pkwy. Transwestern's Kim Brooks also represented the landlord. Cushman & Wakefield's Craig Wilson represented the tenant; Brasfield & Gorrie signed a new lease at The Berkshire at Preston Center for 5k SF. JLL's Stephen Holley represented the tenant.
  • Kim and Matt Didyk represented the landlord in 11k SF across five deals. Kim partnered with Justin Miller to rep the landlord in the 8k SF new lease for OrthoRx in the Tollway North Office Park. Jackson & Cooksey's Chris Bosley and Brad Mason repped the tenant.

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Timberhorn
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.

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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.

  • At Carter Burgess Plaza, JLL SVP Whit Kelly negotiated 26k SF on behalf of ownership, Crescent Crown Greenway Plaza.Texland Petroleum leased 16k SF. CBC Worldwide J. Searcy represented the tenant. Sproles Woodard leased 7k SF
  • At University Centre I, JLL SVP Frank Taylor  negotiated 9k SF lease on behalf of ownership, U Centre I Real Estate.Woodard Insurance leased almost 6k SF of that. 
  • At University Centre II, JLL SVP Frank Taylor negotiated 12k SF on behalf of OmniAmerican Bank, including a 7k SF lease to Roach Smith Howard & Barton. JLL's David Walters represented the tenant.

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.

  • Cook Children's renewed a 39k SF in Westcliff Shopping Center at 3584 South Hills Ave. in Fort Worth. The landlord, HP Westcliff, was self-represented by Andy Greenspan
  • Cook Children's leased 32k SF of medical care space in Cornerstone Plaza Shopping Center at 2727 E. Southlake Blvd. in Southlake. The Woodmont Co.'s Karen Mitchell represented the landlord, US Bank National Associates as the trustee for registered holders of JPMorgan Chase. 
  • Cook Children's leased 8k SF of medical rehabilitation space in Millennium Retail Center at 2000 Matlock Rd. in Mansfield, Landlord Mansfield Millennium was self-represented by Ryan Dodson.

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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.

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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.

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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.

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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.

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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.

Development

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 EmpireChicagoUpstate New YorkPhiladelphiaMiami and Phoenix.

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Heartland
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. HortonHistory 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.

Kudos

Crescent Real Estate HoldingsTrammell 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.

Related Topics: JLL, Brad Struck, JPMorgan Chase, Brad Mason, Kim Butler, Hall Financial Group, Hall Office Park, Sanders Thompson, The Woodmont Co, Billy Vahrenkamp, Daniel Rudd, Scott Walker, Trammell Crow Center, David Goodman, Frank Taylor, Tarrant County, Preston Center, Justin Miller, Stan Johnson Co, Sharon Friedberg, Dennis Barnes, Todd Lambeth, Brant Landry, Joe Whitmer, Sharon Morrison, Stephen Holley, Regent Blvd, Tammy Lomonaco, Jim Turano, North Fort Worth, Craig Wilson, Gary Collett, Alan Harrington, LEED EB, Twin Creeks, Reid Caldwell, Cook Children, Crown Sterling Properties, Emily Candee, Mari Jones, Steve McCoy, Matt Didyk, Barton Creek, The Stayton, David Walters, Tom Dyer, Tom Clarke, Chris Herrmann, Tollway North Office Park, Henry Knapek, Whit Kelly, Central Expy, Brian Griggs, Russell Webb, Plano Tech Center, George Bush Turnpike, Michael Griffin, Will James, Strategic Retail Advisors, Briargrove Place, Cultural District, Ward Richmond, Upstate New York, Westgrove Air Plaza, Northpoint Trade Center, The Berkshire, Matt Anding, Josh Knez, Paul Stockard, Corner Bakery Cafe, Kaufman County, Quorum Place, DDI Storage, Westgrove Dr, Newsom Designs, OmniAmerican Bank, Karen Mitchell, La Familia Distributing, Smith Jackson Boyer, Stemmons Place, CBC Worldwide, Ryan Dodson, Lee Pkwy, West Austin, KUDOSCrescent Real Estate Holdings, Timberhorn IT Solutions, David Ginther, Health Care System, Cambium Learning Group, Neil Moving Systems, American Sugar Refining, Power Technologies, Synergy Industries, IBP Texas Asset, Eternalite Products, Candle Corp, Keyston Bros, Bo Riddle, Transtar Aircraft Interiors, Hawk Electronics, Lincoln Porte, Silverleaf Debt Solutions, Conley Rosenberg, Preston Hollow Specialists, Chris Bosley, Crescent Crown Greenway Plaza, Texland Petroleum, Woodard Insurance, EdgePark Surgical, Rocky Creek Ranch, Greystone Communities