No Feet On the Couch; Deal Sheet
| Weir's Furniture Village purchased the 416k SF former home of Worldcolor at 4800 Spring Valley Rd. in Farmers Branch to relocate the 62-year-old family owned furniture company's distribution center. | |
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| Located on 16 acres, the building will house Weir's corporate HQ, distribution center, and retail outlet store. The distribution center will support Weir's stores in Dallas, Plano, and Southlake. Approximately 45% of the company's workforce of more than 300 is expected to be based at the Farmers Branch HQ, which is a more central Metroplex location than the current site at Stemmons Freeway and Mockingbird. Colliers International EVPs Tom Pearson and Chris Teesdale represented Weir's and CBRE brokers Steve Berger and Dave Anderson represented Worldcolor. | |
Sales Zale Corson Group sold the Tribeca Apartments to BES Acquisitions. The 398-unit Class A multifamily asset was developed in 2008 and is located at the SWC of Ohio Drive and McDermott Road in Plano. Negotiations were handled by Charles Cirar and Mark Stymiest of CBRE. *** The Dallas office of HFF closed the sale of Nalle Woods, a 238-unit, Class AA multi-housing community in Austin. The HFF investment sales team was led by senior managing director Bill Miller and managing director Roberto Casas who represented the seller, Larry Peel & Co. Institutional investors advised by J.P. Morgan Asset Management - Global Real Assets purchased the property for an undisclosed price on an all-cash basis. Leasing School of Rock selected a more than 7k SF space at 3220 Southlake Blvd. as its third DFW location. Amid rapid national expansion, School of Rock plans to open nine more schools in the Metroplex by 2013. The Southlake site is the third location for Dean Tarpley, who also owns schools in Dallas and Frisco and holds the franchise rights to the DFW area. SRS Real Estate Partners associate Dan Harris represented School of Rock. RE/MAX's James Keoughan repped the landlord. *** Dollar Tree leased 10k SF in Woodbridge Crossing at the SEC of FM 544 and McCreary Rd. in Wylie. The Retail Connection's Jack Weir and Jim Weir repped the tenant. Buffalo Wild Wings leased 57k SF in The Shops at Highland Village at the NWC of FM 2499 and FM 407 in Highland Village. TRC's Mitch Traub and Wyatt Russo repped the tenant. *** Century 21 Commercial Judge Fite Co. represented IGPS Co. in the almost 6k SF sublease at 6801 Gaylord Pkwy. in Frisco for Carnegie Mortgage. Century 21's Stan Nelsen and Chris Flesner negotiated the deal with Swearingen Realty Group's Jason Brechen and Adam Brechen. *** CB Richard Ellis reps brokered leasing deals of all sizes across office, retail and industrial:
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| Jones Lang LaSalle was awarded leasing and management rights to the 237k SF Canal Centre, a recently renovated Class A office building in the Las Colinas Urban Center. The 10-story building at 400 E. Las Colinas Blvd. has undergone upgrades to its lobby, common areas, restrooms, conference center, and fitness facility. Amenities include concierge services and a WiFi café in addition to 24/7 security and an on-site management office. JLL SVP James Esquivel and VP Shannon Brown will lead the marketing and leasing for the owner, I&G Canal. Property management will be handled by JLL senior general manager Allison Millington and GM Kelly Brannen. *** Arrowhead Stairs leased 26k SF at 1225 Capital Dr. in Carrollton from Cabot Properties. The deal brings the building to fully leased. Lone Star Realty Advisors' Todd Jones repped the landlord and Henry S. Miller's Don Misner repped the tenant. *** PageSoutherlandPage will relocate to downtown by the first part of next year. The company will occupy 34k SF in the Mercantile Building. Cushman & Wakefield's Matt Heidelbaugh and Billy Gannon represented PageSoutherlandPage; Urban Commercial Realty's Jack Gosnell repped the landlord, Forest City Enterprises. *** Aquire Solutions leased almost 12k SF of space in the Canal Centre office building at 400 E. Las Colinas Blvd. in Irving. The space is additional to Aquire's North American HQ in Williams Square. Hudson Peters Commercial's Michelle Hudson negotiated the lease with Capstar Commercial's Rodney Helm. *** T.J. Maxx leased 10k SF of office space at 8500 Freeport Pkwy. in Irving for its regional HQ. Cushman & Wakefield's Dean Collins,Greg Biggs, and Jordan Rovito repped T.J. Maxx. Stream Realty's Rebecca Rambie and Tim Terrell represented the landlord. *** Eclipse Electronic Systems leased 24k SF of office flex space in a renewal and expansion of almost 3k SF in Richardson Technology Center at 1551 N. Glenville Dr. in Richardson from Richardson Technology Properties. Bradford Commercial Real Estate Services SVP Sharon Friedberg and UGL Equis SVP Nick Rossini represented the tenant. Maverick Commercial Real Estate's Mark Aston represented landlord. *** Noble Logistics renewed a 23k SF lease in Beltline Place at 1301 W. Beltline Rd. in Carrollton from Acquiport DFWIP. Bradford Commercial Real Estate Services VP Brian Pafford represented the landlord. NAI Robert Lynn's Rick Medinis repped the tenant. *** King Buffet inked an 8k SF lease at Vineyard Marketplace to occupy the old Washington Mutual pad site with an Asian, buffet-style restaurant. At 2030 Glade Rd. in Grapevine, the space is currently undergoing renovations for the restaurant's grand opening in late November. Henry S. Miller VP Henry S. Miller IV repped the landlord and William Davis Realty repped King Buffet. | |
Financing Quadrant Realty Finance secured permanent financing for Cross Pointe Center in Saginaw. Jason Piering and Randy Fleisher placed the five-year fixed-rate, non-recourse loan. The proceeds were used by the borrower to acquire the 45k SF neighborhood retail center, which is 82% occupied. Adjacent to a Walmart Supercenter, it was constructed in 2004 on 7 acres of land along the NWC of Business Highway 287/Business Highway 81/North Saginaw Boulevard and Bailey Boswell Road. *** 1st Service Solutions facilitated a $3M CMBS loan extension for the owner and operator of a retail shopping center developer in Los Angeles County, Calif. On behalf of the borrower, 1st Service Solutions worked with the special servicers and lenders' representatives to facilitate a one-year loan extension with an additional six-month option for a $3.4M loan originated in 2000 that had a fixed interest rate of 8.5%. The current outstanding principal balance was $3M. The 1st Service Solutions team was led by portfolio manager Andy Dunlap. Kudos *** | |
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| Corgan earned two 2010 Design Excellence Awards from the International Interior Design Association Texas/Oklahoma Chapter.Valliance Bank (pictured) in McKinney received an honorable mention in the retail category and the CIGNA Pointe office building in Plano received an honorable mention in the sustainability category. | |
People on the Move Marsha Getto-Aikens, former principal of Regroup Consulting, joined Gensler as a lifestyle studio director. She brings more than two decades of senior management experience in strategic planning, real estate, store development, rollout planning and execution, as well as asset management for national and international brands. *** CASE Commercial Real Estate Partners added four new leaders at the firm:
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