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No Feet On the Couch; Deal Sheet

Dallas-Ft. Worth
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.
 
Weir's
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.

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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.

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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.

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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.

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CB Richard Ellis reps brokered leasing deals of all sizes across office, retail and industrial:

  • Epiphany Lighting Products leased 115k SF of industrial space at 3901 W Miller Rd. in Garland from First Industrial. CBRE's Dave Anderson represented the landlord while Realty Advisors' Charles Lester represented the tenant.
  • Garland Independent School District leased 21k SF of industrial space at 11240 Grader St. in Dallas from TIAA-CREF. CBRE's Jake Marks and John Hendricks represented the landlord. 
  • Telect leased 100k  of industrial space at 1801 10th St. in Plano from KTR DAL I LLC. CBRE's Scott Hobbs and Jeff Ellerman represented the tenant. 
  • North Texas Food Bank leased 18k SF of industrial space at 4661-4663 Mint Way in Dallas from RCI Redbird. CBRE's David SoursKevin Kelly and Lee Coleman repped the tenant and CBRE's Jake Marks and John Hendricks represented the landlord. 
  • Highgate Holdings renewed its lease of 19k SF of office space at 545 E John Carpenter Frwy. CBRE's Bill Lokey and John Fancher represented the landlord. JLL's Russell Cosby and Rachel Hage represented the tenant.
  • TNG Worldwide leased almost 29k SF of industrial space at 117 Wrangler Dr. in Coppell from Buckhead-Coppell Industrial. CBRE's Tim Vogds represented the tenant while CBRE's Steve Trese and Adam Hammack represented the landlord.

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Canal Centre
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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

The HKS-designed Texas  Health Presbyterian Hospital  Flower Mound received the 2010 Symposium Distinction Design Team Award. Also, HKS principal/director health facilities Joe Sprague received the Individual Achievement Award from the Symposium on Healthcare Design organization.

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Valliance Bank
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.

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CASE Commercial Real Estate Partners added four new leaders at the firm:

  • John Rischard and Karen Loss, managing directors and founding principals of the entity, will provide clients with a platform for managing key corporate real estate data  to ultimately reduce operating costs. Under their direction, the team will also act as third party advisors to offer service capabilities to an expanded audience.
  • Bill Buntyn joined the company as director of the healthcare advisory group. In this role, he will offer real estate advisory services to healthcare systems, acute care hospitals, sleep centers, ambulatory centers and physician groups across the country. 
  • Joe Garrett joined the company as managing director of investment sales. Joe will lead and expand the investment sales initiative for the company locally and nationally.
Related Topics: Jeff Ellerman, JLL, Bill Miller, SRS Real Estate Partners, Jason Piering, Greg Biggs, Forest City Enterprises, Swearingen Realty Group, Hudson Peters Commercial, Michelle Hudson, Dollar Tree, Jack Gosnell, Cabot Properties, Highgate Holdings, Jordan Rovito, Brian Pafford, The Dallas, Sharon Friedberg, Steve Trese, Case Commercial Real Estate Partners, James Esquivel, Chris Teesdale, Tom Pearson, Rick Medinis, John Fancher, Rodney Helm, Adam Hammack, Walmart Supercenter, Tim Terrell, Steve Berger, Las Colinas Blvd, Shannon Brown, Realty Advisors, Mitch Traub, Highland Village, John Hendricks, Morgan Asset Management, Service Solutions, Matt Heidelbaugh, John Carpenter Frwy, Buffalo Wild Wings, Lone Star Realty Advisors, Jake Marks, Freeport Pkwy, Todd Jones, Rebecca Rambie, Kevin Kelly, Dean Collins, Williams Square, Jim Weir, Bill Lokey, Tim Vogds, Randy Fleisher, David Sours, Billy Gannon, Wyatt Russo, Stemmons Freeway, Russell Cosby, Allison Millington, Jack Weir, Wrangler Dr, Glenville Dr, Capstar Commercial, Washington Mutual, Scott Hobbs, FINANCINGQuadrant Realty Finance, Las Colinas Urban Center, Cross Pointe Center, Joe Garrett, Charles Cirar, Miller IV, Coppell Industrial, Andy Dunlap, Canal Centre, Dan Harris, Los Angeles County, Roberto Casas, The Southlake, Nick Rossini, Mark Stymiest, Chris Flesner, Richardson Technology Properties, Mark Aston, Rachel Hage, Valliance Bank, William Davis Realty, Ohio Drive, Lee Coleman, Aquire Solutions, Tribeca Apartments, Commercial Judge Fite Co, Garland Independent School District, Noble Logistics, King Buffet, Bill Buntyn