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Spine Cracking Deal

Dallas-Ft. Worth
Spine Cracking Deal
Miron Grove Office Park in Southlake
Spine Team Texas purchased the 6k SF 290 Miron Dr. in the Miron Grove Office Park in Southlake. The buyer plans to relocate and expand its current ambulatory surgery center. Located off of FM 1709 south of Southlake Town Square, the development consists of five buildings ranging in size from 3k to almost 6k SF, and is adjacent to Texas Health Harris Methodist Hospital Southlake. Realty Capital Corp. VP Tim Coltart says there is just one building left (in shell form) in Phase 1 of the development. Two other buildings at Miron Grove are leased with a newly finished out-office space of almost 2k SF ready for immediate occupancy. RCC Miron Office, the seller, was repped by Realty Capital Corp.'s Mark Boone

Bisnow

Leases

Structure Commercial worked three leases including:

  • The Trophy Room lease of the restaurant/bar at 2714 McKinney Ave. in Dallas. Jeremy Cummings represented the tenant. 
  • Renato's Deli lease at 2810 E. Trinity Mills in Carrollton and A to Z Athletes at 13714 Gamma Rd. in Dallas. Eric Deuillet and Jeremy Cummings repped both parties in the first deal and Bob Kent and Troy Morgan worked the second deal.

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CB Richard Ellis leased more than 1M SF in DFW area and out-of-state deals. Among the transactions:

  • Ryder Supply Chain Solutions renewed its 176k SF distribution center lease at 5201 Alliance Gateway in Fort Worth. Seth KellyRyan Keiser and Nathan Lawrence represented Ryder.  
  • WalMart Stores East leased 50k SF of industrial space at 6401 Will Rogers Blvd. in Fort Worth from Madison Warehouse CorpBob Scully repped WalMart. 
  • Razor Business Strategy Consultants leased 41k SF of office space at 15851 Dallas Parkway in Addison from GPI-MadisonJeff Ellerman and Robert Blount repped the tenant. 
  • Regus Business Centre  leased 33k SF of office space at 100-300 Crescent Court in Dallas from owner Crescent TC InvestorsSteve RigbyPeter DannaBaron Aldrine, and Mike Kay repped the tenant.
  • Matheson Tri-Gas  leased 37k SF of office space at 909 Lake Carolyn Parkway in Irving from SP III 909 Lake Carolyn Parkway LPBill Lokey Jr. and John Fancher negotiated for the landlord. JLL's Doug Carignan and Jeff Staubach represented the tenant. Bill and John also repped the landlord in two deals including the Investar Financial Corp 15k SF lease of office space at 300 E John Carpenter Frwy. in Irving from SP4 Las Colinas LP. JLL's Alan WoodRachel Hage, and Campbell Henry represented tenant. The pair also worked the 13k SF lease by AeroTurbines Inc at 222 W. Las Colinas Blvd. in Irving from SP Millennium Center LP
  • L&B Realty Advisors  renewed its lease of 24k SF of office space at 8750 N Central Expressway in Dallas from Northpark CentralJ.J. Leonard and Jay Bailey represented the landlord and Jeff Ellerman and Scott Hobbs represented L&B Realty. 
  • Legacy Investment  leased 17k SF of office space at 5910 N Central Expressway in Dallas from Premier Place of Dallas.Dennis Barnes and Clay Gilbert repped the landlord. Trenary & Associates' Rusty Trenary represented the tenant. 
  • SBC Asset Management subleased 11k SF of space at 1410 Renner Rd. in Richardson to The Dallas Morning News.Peter Danna repped the sub-landlord and TAG Realty Management's Todd Awe repped the sub-tenant. 
  • Gibson McClure Wallace & Daniels leased 9k SF of office space at 8080 N Central Expressway in Dallas from YPI Central Expressway PropertiesBurson HolmanCeleste Fowden, and Blake Shipley repped the landlord. Lincoln Property Co.'s Peery Wood repped the tenant. 
  • Compliance Depot  leased 7k SF of office space at 1800 Preston Park Blvd in Plano from A&B Properties. Rick Rensi and Dennis Barnes repped the landlord while Stream Realty's Stephen Johnson represented the tenant. 
  • Select Commercial Services leased 5k SF  of office space at 1801 Royal Lane in Farmers Branch from Westwood Business ParkClay Gilbert and Burson Holman repped the landlord. JLL's Campbell Henry repped the tenant.
  • CompUSA Retail Inc leased 32k SF of retail space at 14060 Dallas Pkwy. in Dallas from FSH Galleria PlazaJeff Kittleson and David Copeland repped the landlord.

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Five Guys Burgers and Fries signed a lease at 6420 N. MacArthur at the NEC of MacArthur and Royal.

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Sigma Relocation Group renewed almost 10k SF and added almost 4k SF of office space in Regent Place at 1304 Walnut Hill Lane in Irving. Bradford Commercial Real Estate Services SVPs Sharon Friedberg and Melanie Hughes and Sunwest Real Estate Group's Marc Grossfeld represented the landlord, Regent Place. Stream Realty Partners' Kyle Jacobs represented the tenant.

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Screw Top Media leased 3k SF at 100 E. Royal Lane in Irving. Peloton Commercial Real Estate represented the landlord.

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Gaedeke Group VP Belinda Dabliz worked two deals, repping her own firm as the landlord in the 7k SF lease by Andres Construction Services  in Regency Plaza at 3710 Rawlins St. in Dallas with McLeod Zei's Bill Zei repping the tenant. The other deal is a 4k SF lease by Sanders & Co. also in Regency Plaza.

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Jones Lang LaSalle's Dallas agency leasing team secured 22 office space leases totaling almost 53k SF. Among the deals are several negotiated by SVPs Jeff Eckert and James Esquivel:

  • At 1700 Pacific, a total of 10k SF was inked for Berkeley First City. Other leases include English & Associates,Corporate Purchasing Solutions (Swearingen's Jim Montgomery represented the tenant), United Investment Managers and Hameline & Eccleston.
  • At Four Forest Plaza, the pair negotiated a total of almost 18k SF on behalf of Younan Properties. Among the deals were leases for Prescott Pailet Benefits (Newmark Knight Frank's Seth Weinstein represented the tenant), Colonial Savings (Corporate Realty Advisors' Clint Dabsky and Jay Rigelsky represented the tenant), THI of Texas at Samaritan Hospice (CBRE's Clay Gilbert  represented the tenant),Morton PLC (Swearingen's Paul Mungia represented the tenant) and Steven Sanders (The Amend Group's John Amend represented the tenant.)
  • The duo also repped landlord, Dividend Capital Total Realty Trust, in deals at Park Place on Turtle Creek for Willmac  with Swearingen's Bo Bowman repping the tenant. They negotiated for the same landlord at Preston Sherry Plaza for a lease to Park Cities Medical Associates. Annandale Real Estate's Jay Annand represented the tenant

At One Energy Square, SVP Sandie Matejek and associate Matt Samler  negotiated a total of almost 6k SF on behalf of Younan Properties with leases for NeofirmCrescent Oil & Gas (Jackson Cooksey's Mike Quint represented the tenant), TSC Oil & Gas (with Mike Quint again repping the tenant), Lewis Operating Co.Martha Ann SchneiderSpence Energy Square, and JR Woodley Ranch Real Estate.

Sandie and Matt also repped deals for Younan Properties and ECOM Real Estate Management with leases to Cowboys & Indians(Newmark Knight Frank's Kyle Jett and John Shaunfield represented the tenant), Terry Cross (Stream Realty's David Cooke represented the tenant), Queen Biel Fissette PC (Newmark Knight Frank's John Shaunfield represented the tenant), and Pierpoint.

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Cushman & Wakefield of Texas inked three leases. SolarCity Corp. leased 14k SF of warehouse space in the Lombardy Distribution Center at 10430 Shady Trail in Dallas. Cushman's Mark Collins and Kirk Collins represented the tenant. Lincoln Property is the landlord and was represented by Gil StroubeManchester Tank & Equipment Co. leased 20k SF of warehouse space located at 1312 West Crosby Rd. in Carrollton. Mark represented the tenant. Holt Lunsford Commercial's Scott Moore represented the landlord,Crosby Valwood GP. PokerTrainingNetwork.com leased 4k SF of office space at 4004 Beltline Rd. in Addison. C&W's Bill McClung,Mike Wyatt, and Robbie Baty represented the tenant. Bradford CORFAC's Sharon Friedberg represented the landlord, ARI Forum.

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Regency Centers leased a half-acre to Chase Bank at Hillcrest Village shopping center in University Park. The bank will be built on an outparcel located at the corner of University and Hillcrest Avenue. The bank is slated to open in 2012 and was represented by The Retail Connection's David Sacher. The fully leased 15k SF shopping center is merchandised with national retailers such as Chick-fil-A and Blockbuster. The center is located at 6423 Hillcrest Ave.

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The Retail Connection repped the landlord in two deals. Ulta leased 10k SF  in Denton Crossing at 1400-1800 South Loop 288 in Denton with David Levinson repping Inland-Wester. L'Patricia  leased 10k SF in the Sam Moon Center at the SEQ of I-35W and Heritage Trace Parkway in Fort Worth. Brandon Trimble, Andrew SudderthJim Weir and Steve Greenberg repped Sam Moon.

Sales

Capital Investment Management bought 673 W. Pipeline Rd. in Hurst. Structure Commercial's Eric Deuillet represented the buyer and Alliance Commercial's Phillip Samples repped the seller.

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Austin-based The Dominion Golf Group purchased the Lantana Golf Club in Denton for an undisclosed amount. The club opened nine years ago to serve as the centerpiece of Republic Property Group's Lantana master-planned community. The property is in southern Denton County and was owned by Dallas-based Republic Property Group. The Dominion Golf Group formed four years ago and now manages five private golf clubs in Central Texas.

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Healthcare Trust of America purchased a medical office portfolio located in Denton and Lewisville for about $13.5M. The Denton medical office building is 36k SF facility located on the campus of Texas Health Presbyterian Hospital Denton.  

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Pallas Partners VI LLC purchased an 80-unit apartment complex at 7112 Holly Hills Dr. in Dallas from RPP Holly Bend Apartments LLC. CB Richard Ellis' Chris Deuillet negotiated the sale on behalf of the seller.

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Wichita Falls Roast Beef purchased a 6k SF retail space at 4521 Kemp Blvd. in Wichita Falls, Kan., from National Retail Properties. CB Richard Ellis' Nathan Wood and Ryan Byrne repped the seller.

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Coherent Metal purchased a 22k SF office/warehouse facility located at 1210 E Ave. J in Grand Prairie. Cushman & Wakefield of Texas' Ashley Pope handled the transaction.

People in the News

Bill Reeves joined Hill & Wilkinson as director of safety and risk management. His appointment follows the retirement of Hill & Wilkinson's long-time safety director, Larry MacDonald. Bill has more than 17 years of experience in the construction industry. Previously, he had a 13-year tenure with JPI Cos., a national multifamily and student housing development and construction company, where he served as its national safety director.

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Munsch Hardt Kopf & Harr PC's Bob Voelker will be speaking at the annual Texas Housing Conference, which is sponsored by the Texas Affiliation of Affordable Housing Providers, regarding urban mixed-use and mixed-income projects in Austin on July 26-28 at the Four Seasons Hotel. This session will focus on the opportunities and challenges for developing mixed-use, mixed-income housing in urban areas, and as part of the expanding network of transit systems being developed in Texas.

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The Design Build of America's Southwest Region board members for the 2010-2011 term include the following DFW-area leaders: TDIndustries' Drew Yaggy as chairman; Speed Fab-Crete's David Bloxom as immediate past chairman; Callahan & Freeman Architects' Frank Callahan; Department of Homeland Security US Immigration & Customs Enforcement Office of Asset Management's Randy Landers; Ford Nassen & Baldwin's Timothy Matheny; NoteVault's John Shanks III; and Speed Steel Design-Build's Michael Stubbs.

Financing

The Houston office of HFF arranged a $9.2M refinancing for three self-storage facilities totaling 1,670 units located in Dickinson, Houston and Fort Worth. Working exclusively on behalf of Storage Choice, HFF associate director Colby Mueck placed the fixed-rate securitized loan with JPMorgan Chase Bank. The three properties include Storage Choice West Airport in Houston with 647 units; Storage Choice Mira Vista in Fort Worth with 547 units; and Storage Choice Dickinson in Dickinson with 476 units. 

New Business

Irving City Council approved the capital improvement plan for the Irving Convention Center at Las Colinas and an additional $1.6M for Las Colinas entertainment center developer Las Colinas Group. The Las Colinas Group plans to build a 5,200-seat live music and entertainment venue, and a plaza with 11 restaurants and public spaces. The project is expected to be completed in 2012.

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The creation of a new site for University Park Library has reached the point where a letter of agreement has been reached with the owners of The Plaza at Preston Center and the board of the Friends of the University Park Library. If approved, the agreement would call for the City of University Park to sell certain streets and alley rights-of-ways or easements in or adjacent to The Plaza in exchange for a second-floor library space of at least 15k SF to be owned by the City. The space would be part of a new commercial building in The Plaza, which will be solely financed and constructed by the center's owners.

Related Topics: Jeff Ellerman, JLL, Newmark Grubb Knight Frank, Peloton, Structure Commercial, Eric Deuillet, asset management, Baron Aldrine, Younan Properties, Kyle Jacobs, Jackson Cooksey, Mike Wyatt, Bob Voelker, Turtle Creek, Tim Coltart, Preston Center, Central Texas, Sharon Friedberg, Dennis Barnes, Chase Bank, Melanie Hughes, Jeff Kittleson, Jeff Staubach, Jeff Eckert, David Levinson, James Esquivel, Mike Kay, Peter Danna, Dallas Parkway, Steve Rigby, McKinney Ave, John Fancher, Robbie Baty, Bob Kent, Clay Gilbert, Nathan Lawrence, Scott Moore, Four Seasons Hotel, Royal Lane, Bill McClung, Las Colinas Blvd, Realty Advisors, Five Guys, Jay Bailey, Doug Carignan, Blake Shipley, Realty Capital Corp, John Carpenter Frwy, Speed Fab, Mark Collins, David Copeland, Rick Rensi, Southwest Region, Troy Morgan, JPMorgan Chase Bank, Seth Kelly, Mark Boone, Ryan Keiser, Walnut Hill Lane, Jim Weir, Campbell Henry, Jeremy Cummings, Bob Scully, Irving Convention Center, Chris Deuillet, Regency Plaza, Denton County, Kyle Jett, Premier Place, Andrew Sudderth, John Shaunfield, Dividend Capital, Corporate Realty Advisors, Lake Carolyn Parkway LP, 909 Lake Carolyn Parkway LP, Northpark Central, Ashley Pope, Gil Stroube, Colby Mueck, Southlake Town Square, Brandon Trimble, Seth Weinstein, John Amend, Sunwest Real Estate Group, Lake Carolyn Parkway, Ryan Byrne, Kirk Collins, Scott Hobbs, Jim Montgomery, Heritage Trace Parkway, Annandale Real Estate, Wichita Falls, The Amend Group, Marc Grossfeld, Regent Place, Berkeley First City, Trinity Mills, Crescent TC Investors, Alliance Gateway, Bill Lokey Jr, ARI Forum, David Sacher, Alliance Commercial, SP Millennium Center LP, Jay Annand, Crescent Court, Nathan Wood, David Bloxom, Matt Samler, Sam Moon, David Cooke, Stephen Johnson, Las Colinas Group, One Energy Square, Peery Wood, Four Forest Plaza, Randy Landers, The Denton, Las Colinas LP, Sigma Relocation Group, Jay Rigelsky, Mike Quint, Denton Crossing, 4 Las Colinas LP, Miron Grove Office Park, RCC Miron Office, Colonial Savings, ECOM Real Estate Management, Rachel Hage, Ford Nassen, YPI Central Expressway Properties, Preston Sherry Plaza, Steve Greenberg, Andres Construction Services, WalMart Stores East, Regus Business Centre, Corporate Purchasing Solutions, Clint Dabsky, Samaritan Hospice, Morton PLC, Paul Mungia, Steven Sanders, Bo Bowman, Crescent Oil, TSC Oil, Martha Ann Schneider, JR Woodley Ranch Real Estate, Terry Cross, Queen Biel Fissette PC, The Dominion Golf Group, Republic Property Group, Freeman Architects, University Park Library, Todd Awe, Drew Yaggy, Timothy Matheny, Bill Zei, West Crosby Rd, Sam Moon Center, Shady Trail, Matheson Tri, Investar Financial Corp