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Rock'n the Deal Sheet

Dallas-Ft. Worth

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Rock'n the Deal Sheet
Inking a new lease for almost 8k SFRockfish Interactive (the Ad Age 2008 Small Agency of the Year) moved within Hall Office Park from its less than 2k SF office
 
Rockfish Interactive
Moving into 3010 Gaylord Pkwy, Rockfish CEO/founder Kenny Tomlin says Hall Financial Group helped the firm find a new space that could handle the growth for the next 18 months as more clients are added. Rockfish already serves high-profile firms including Walmart, Sam's Club, Cisco, Kimberly-Clark, Tyson Foods, Sara Lee, ConAgra and Dr Pepper Snapple Group. Landlord Hall Financial Group was repped by Kim Vincent Butler and Tammy Lomonaco.
 
Ernst and Young Mini
 

Bisnow

Sales

3 Phase Technologies acquired a 25k SF office/warehouse in a quick-turning deal to expand its home base in the Great Southwest Industrial District. The relocation to 907 113th St. will be completed by July 1. 3 Phase Technologies will be vacating a 15k SF building it owns at 637 107th St., also in Arlington. Bradford Commercial Real Estate Services VP Michael Spain and market director Nick Talley represented Grey Pearl LLC, a single-purpose entity established for the acquisition. NAI Robert Lynn Co.'s Michael Stanzel represented the seller, Perry Rosenstein Intervivos Trust of Teaneck, NJ

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We told you about the sale of the former Ranch Style Beans plant on May 25, but we didn't have broker names to add, so here we go. ConAgra Grocery Products Co. sold a 212k SF food/warehouse facility to Allen's Inc at 1734 E. El Paso St. in Fort Worth. CBRE's David SoursKevin KellyTim Vogds, and Bob Scully negotiated the deal on behalf of the seller.

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Marshall Farms sold 2.66 acres of commercial land located at Firewheel  Town Center in Garland to GRLRE LLC. CBRE's Jim Whitten and Marty Neilon represented the seller and SRS Real Estate Partners' Mark Newman represented the purchaser.

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A JV between Knightvest Capital and Panther Transaction Group(headed by Tommy Pigg and Doug Kincaid) acquired a 158-unit multifamily complex in southeast Dallas. Knightvest Capital targets distressed multifamily properties in Texas. The property, currently known as August Park Apartments, is at 2808 N. St. Augustine in Dallas, a foreclosure in need of capital improvements. The JV was able to acquire the property at a significant discount allowing them to invest in the necessary capital improvements, implement comprehensive property management solutions, and offer a market-leading product at very competitive rent rates.

Relocation

Glenmount Global Solutions relocated its corporate HQ from Irvine, Calif., to Irving, Texas. (We're assured it was on purpose and not a clerical error.) The relocation enabled the company to consolidate  much of its executive and finance team in the Dallas area, and the financing provided capital needed for further expansion.

New Business

Stewardship Commercial Management has been selected to provide property management services at 700 Highlander. Located in close proximity to I-20 and The Highlands, the five-story, Class B,125k SF office building is situated in a heavily occupied medical, retail and restaurant district. SCM will also service Northstar, a two-story, Class B building that has full occupancy of 25k SF office space at 8721 Airport Frwy. SCM's Bret Messer, is the property manager for both properties. 

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Gorrondona & Associates acquired LFC Houston expanding services to now include geotechnical engineering and construction materials testing as well as land surveying, subsurface utility engineering, utility coordination and GIS. The firm has six offices in Fort Worth, Dallas, Houston, Austin and Lubbock.

Leases

CBRE's  Steve RigbyPeter DannaBaron Aldrine, and Mike Kay negotiated for tenants in two deals for Regus:

  • Almost 10k SF in The Colonnade at 15303 N Dallas Parkway in Addison. CBRE's JJ Leonard and Susannah Wallace repped the landlord. 
  • Almost 29k SF of office space at 30 South Wacker Drive in Chicago.

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AmWins Group Inc leased 6k SF of office space at 26 Century Blvd. in Nashville. CBRE's Jordan Buis and Warren Willey in coordination with CBRE Nashville's Harrison Johnson completed the transaction.

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Transwestern's Bill de la Chapelle  and  Emily Candee worked two deals repping the tenant.

  • TD Supply, Inc. renewed its lease at 1625 Vantage Rd. for 50k SF.
  • Adleta Corporation renewed its lease at 2055 Luna Rd. for 31k SF.

Transwestern teamed up to rep both tenant and landlord with the 16k SF new lease for Alarm Security Group LLC at 875 Sandy Lake Rd.Brett Owens and Natalie Snyder repped the tenant and John Fulton represented the landlord. 

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Vintage Realty and Vintage Management's Phyllis Garcia and Rich Muller represented CenterPlace Properties in leasing 53k SF of medical space for the new Continuum Rehabilitation Hospital at 3100 Peters Colony Rd in Flower Mound. Additionally, Phyllis was the tenant rep for Parker College of Chiropractic with 6k SF lease space for its new Chiropractic Wellness Center in Parker Square in Flower Mound.

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Vassallo & Salazar P.C. renewed 7k SF of office space in Regency Plaza at 3710 Rawlins St. in Dallas, owned by Gaedeke Group. Gaedeke VP Belinda Dabliz handled the direct negotiations for the landlord. She also repped the landlord in a 5k SF office lease in Richland Corporate Center at 9001 Airport Frwy. in North Richland Hills to S.R. Allison & Associates. Dowd Commercial's Bill Dowd represented the tenant.

People in the News

Corgan announced one new principal and three new VPs. Renee Sneed was promoted to principal. Prior to her promotion, Renee served four years as VP. She has overseen the firm's HR department for 11 years. Andrew Kirchhoff was promoted to VP. Promoted from associate in less than four years, he continues to support the aviation group by leading terminal planning and master planning assignments. Brett Sumrow was promoted to VP and specializes in project and contract management for the education team. Dan Drennan was promoted to VP and supports the critical facilities and corporate architecture teams.

Kudos

RTKL's expansion design for Multiplaza Pacific-Luxury Avenue shopping center in Panama City, Panama, won the 'Honoree Award' in the Design and Development category at the annual International Council of Shopping Centers' (ICSC) Best-of-the-Best Awards. The winners were announced at the ICSC RECon Convention. The award recognizes outstanding examples of shopping center design and development, sustainability, marketing, and community service worldwide. The project was developed by El Salvador-based Grupo Roble, the largest shopping center developer in Central America, with 19 centers totaling about 5M SF. It was designed collaboratively by RTKL and Grupo Roble's architectural team, headed by Francisco Rodriguez.

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Residential/retail development Shelby is 100% leased just months after opening and at above average market rents. Developed by Prescott Realty Group, the Shelby is located in the University Crossing neighborhood between Central Expressway and Greenville Avenue and bordered by Mockingbird Lane and Lovers Lane.Twisted Root Burger Co. leased almost 4k S F at the Shelby for its fourth location, which opened May 10.

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REALworkspaces CEO/co-founder Jim Melson has been nominated for the 2010 RealComm Digital Impact Award, which will be presented to four individuals who have consistently demonstrated tenacity and persistence in promoting technological innovation in the real estate industry.