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Stream Wades into HPP; The Deal Sheet

Dallas-Ft. Worth
Stream Wades into HPP; The Deal Sheet
Stream Realty Partners will lease and manage the 164k SF Highland Park Place Class A office building adjacent to the big money Highland Park neighborhood. 
 
Highland Park Place
The 17-story reflective glass tower at 4514 Cole Ave. was acquired by an affiliate of Chicago-based Heitman. Stream Realty's Ramsey March and Ryan Evanich will lead the leasing effort of the 83% occupied property. Stream SVP/co-manager Sarah Payne says that under the guidance of the building's new institutional ownership, she expects Highland Park Place to compete toe-to-toe with the Preston Center submarket. Ramsey tells us the new owner bought the building with plans to improve management and is considering physical improvements, as well. A big selling point, Ramsey tells us:24 restaurants within walking distance.

More New Business

Cabot Properties hired Lone Star Realty Advisors to lease its 81k SF warehouse building at 1225 Capital Dr. in Carrollton. This front-load facility has 26k SF available. Lone Star Realty Advisors has more than 800k SF of existing lease property plus another 370k SF of planned development for a total of 1.2M SF.

Leases

The US Army Corps of Engineers leased almost 5k SF in Towne North Shopping Center at the SWC of Beltline Road and Northgate Drive in Irving from Towne North S/C Partners. The Retail Connection's David Levinson repped the tenant. David also worked with Jack Weir repping PLAYtime Playcenters in a 4k SF lease in the Commons at Walnut Creek on the NEC of Hwy. 287 between Walnut Creek and Country Club in Mansfield.

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Bright Realty inked three new tenants for Southwest Center Mall, at Hwy. 67 and Camp Wisdom Road, adding almost 9k SF of retail.WAG Learning Center signed a 6k SF five-year lease. A restaurant and vacuum cleaner/supply store round out the trio of leases.

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Grubb & Ellis handled several deals including:

  • Sean Dalton and Russ Johnson  teamed up to rep landlords, Tremont Realty Capital, in three deals including Therapy Management Services12k SF of office space at Abrams Centre, 9330 LBJ Frwy. The Reynolds Co.'s Evan Reynolds repped the tenant. The other two Tremont deals totaled about 7k SF at Abrams Centre. 
  • Will Sale  repped tenants in two deals including   the  8k SF External IT lease in Meadow Park Tower, 10440 North Central Expressway from Meadow Park Office. Pillar Commercial's Manny Ybarra and Matt Wieser repped the landlord. Will also repped Schultz & Associates in its 7k SF deal in One Lincoln Centre at 5400 LBJ Freeway from Teachers Insurance and Annuity Association of America. Cousins Properties'Meredith Durham repped the landlord. 
  • Trae Anderson  repped the landlord, 1111 Mockingbird Partners, in a 4k SF lease by the USDA-RMA Dallas Compliance Office at Regions Tower, 1111 W. Mockingbird Lane. 
  • Dustin Griffiths  repped the landlord,  Archstone, in National Laser Institute & Physicians Skin Institute's 5k SF retail space in The Shops at Bluffview, 3850 W. Northwest Hwy. The Weitzman Group's Robin Barrow repped the tenant.

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Cenegenics leased 4k SF at the Bank of America building in North Arlington. SCM Real Estate SVP Theron Bryant represented the landlord and Ellis & Tinsley's Bill Tinsley represented the tenant.

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Transwestern's industrial team represented tenants in 454k SF of deals including:

  • Brant LandrySharon Morrison and Bill de la Chapelle repped  La Familia Distributing in a new 158k SF lease at 1810 Kelly Blvd. in Carrollton. Bill worked with Brad Struck  on a 33k SF  renewal for  Water & Power Technologies of Texas at 1217 Corporate in Arlington.
  • Brad teamed up with Jim Hazard  on two deals including  the 20k SF  IBP Texas Asset I new lease at 905 NW Carrier Pkwy. in Grand Prairie and the 17k SF new lease for DDI Storage & Warehouse at 1720 Hurd Dr. in Irving. 
  • On a solo basis, Jim repped Synergy Industries20k SF renewal at 909 S. 5th Ave. in Mansfield and Transtar Aircraft Interiors' 8k SF renewal at 1515 Avenue S in Grand Prairie. 
  • Brant repped Newsom Designs dba Wisteria in a new 20k SF lease at 6500 Cedar Springs Rd. in Dallas and David Goodman & Madole's 15k SF renewal at 5240 LBJ Freeway.
  • Sharon worked with Joe Whitmer  on a  43k SF  renewal for O'Neil Moving Systems at 2755 Miller Park N. in Garland and the 39k SF renewal of American Sugar Refining  at 11560 Hillguard Rd. in Dallas. Joe repped a new 20k SF lease for Eternalite Products & Candle Corp. at 2200 Big Town Blvd in Mesquite.
  • John Fulton and Scott Walker repped AerSale in a new 45k SF lease at 4155 Patriot Dr. in Grapevine. 
  • Ward Richmond  repped  Keyston Bros in a 17k SF renewal at 5036 Sharp St. in Dallas with Bo Riddle of Transwestern's Atlanta office. 
  • Sanders Thompson and Josh Knez represented Smith Jackson Boyer & Bovard in a 13k SF renewal at 9400 N. Central. 
  • Tom Clarke represented Hawk Electronics in a 9k SF renewal at Lincoln Porte at 14500 Trinity Blvd. in Fort Worth.Paul Stockard represented Silverleaf Debt Solutions in an expansion for 7k SF at 14850 Quorum Dr. Alan Harrington and Steve McCoy represented Conley Rosenberg & Brenneise in 6k SF renewal at 5080 Spectrum Dr. in Addison.Michael Griffin  repped  Preston Hollow Specialists in a new 6k SF lease at 8411 Preston Rd.

Relocations

 
Jaster-Quintanilla staff outside Fort Worth office
Jaster-Quintanilla relocated its Fort Worth offices to the former Texas and Southwestern Cattle Raisers Association museum space at 1301 W. 7th St. in Fort Worth. The move provides the firm with a central location to its clients, JQ principal Tom Scott tells us. Current Cowtown projects include the Tarrant County Jail and Tarrant County Civil Courts building (working with Fort Worth-based Gideon Toal and associate architect, Wiginton Hooker Jeffrey for the jail and HOK and associate architect HKS for the civil courts building.)JLL EVP David Walters repped JQ in the lease.

Financing

Quadrant Realty Finance secured $2M in permanent financing for Sylvan  Heights Shopping Center in Arlington. Quadrant's Jason Piering and Randy Fleisher placed the 5-year fixed-rate, non-recourse loan. The proceeds were used by the borrower to acquire the 43k SF 100% occupied shopping center, which is at the NEC of East Park Row Drive and South Collins Street.

People in the News

David Stack, a 23-year CRE veteran, joined Grubb & Ellis as VP of project management. David came from JLL, where he was an SVP of design and construction. He spent 11 years as a VP of design and construction for The Staubach Co. prior to its acquisition by JLL in 2008. He specialized in tenant rep for real estate brokerage and project management.

Kudos

The University  of Texas System's Office of Facilities Planning and Construction awarded Hill & Wilkinson its SILVER STEP safety award for its work on the new Academic Center at the University of Texas Health Science Center at Tyler. STEP awards are given by UT's OFPC to recognize contractors who meet UT's safety standards over a six-month period. Earlier this year, Hill & Wilkinson received two other UT OFPC SILVER STEP awards for the firm's work on the renovation/expansion of the Engineering and Sciences-University Center at the University of Texas at Tyler and new construction of the Student Services Building at the University of Texas at Dallas.

Related Topics: The Weitzman Group, Brad Struck, Bright Realty, Jason Piering, Sanders Thompson, Scott Walker, Sean Dalton, Ramsey March, Matt Wieser, Trae Anderson, David Goodman, Walnut Creek, Preston Center, David Levinson, Pillar Commercial, Russ Johnson, John Fulton, Brant Landry, Joe Whitmer, Sharon Morrison, Jim Hazard, Theron Bryant, The Staubach Co, Manny Ybarra, Beltline Road, Lone Star Realty Advisors, Northwest Hwy, Alan Harrington, Teachers Insurance, Will Sale, Randy Fleisher, Steve McCoy, Ryan Evanich, Annuity Association, Meredith Durham, US Army Corps, Sarah Payne, Jack Weir, David Walters, Tom Clarke, Mockingbird Lane, Michael Griffin, Abrams Centre, Ward Richmond, FINANCINGQuadrant Realty Finance, University Center, Josh Knez, North Arlington, Tremont Realty Capital, Paul Stockard, Southwest Center Mall, Meadow Park Tower, DDI Storage, One Lincoln Centre, Newsom Designs, Tom Scott, Evan Reynolds, La Familia Distributing, Smith Jackson Boyer, Highland Park Place, Regions Tower, Towne North Shopping Center, Miller Park, Texas System, Robin Barrow, The Reynolds Co, Southwestern Cattle Raisers Association, 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, Meadow Park Office, Dustin Griffiths, Texas Health Science Center, Student Services Building