DuWest Realty, DBA Commercial Real Estate Announce Merger: The DFW Deal Sheet
A pair of Dallas-based commercial real estate companies merged Monday to create a new retail and land brokerage firm with a familiar name.
DuWest Realty and DBA Commercial Real Estate announced their merger to form the new company DuWest. Led by Managing Partners Scott Rodgers, Austin Schenkel, Perren Gasc and Will Walters, the new firm will focus on retail and land brokerage, tenant representation, investment sales, development services and property management across Texas.
Corey Duhon of DuWest Realty will take an advisory role as founding partner with the new firm.
“By bringing these teams together, we are strengthening that foundation with more scale and a shared commitment to staying ahead of the curve,” Rodgers said in a statement. “This merger continues to position DUWEST to be one of the most dynamic and well-regarded firms in the state.”
With 45 team members, DuWest leases over 500 properties that total more than 10M SF, represents more than 50 national and regional tenant clients, and manages almost 3.5M SF of retail properties across the state.
DuWest Realty was founded in 2008, while DBA Commercial Real Estate started in 2016.
According to company leadership, the combined firm aims to be recognized for its youthful but experienced leadership, tailored customer service and understanding of the economics behind retail dealmaking.
“We saw a clear opportunity to create something stronger together than either firm could build on its own,” Gasc said in a statement.
In addition to its Dallas office, DuWest Realty has offices in San Antonio, Houston and Austin that will be rebranded under the combined firm’s name.
SALES
Curbline Properties purchased a five-property retail portfolio from N3 Real Estate. The portfolio includes retail strip centers strategically positioned in Flower Mound, Hudson Oaks, Southlake, Red Oak and Waco. JLL Capital Markets’ Adam Howells and Erin Lazarus represented the seller.
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Centurion American Development Group acquired 68 acres in Fort Worth’s extraterritorial jurisdiction that it plans to add to the company’s Alpha Ranch master-planned community. The property at 13376 John Day Road sits directly east of Alpha Ranch’s first phase of homes. David Davidson Jr. and Brad Chilcoat with Davidson Bogel Real Estate represented the buyer.
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McKinney Webb Holdings LLC bought the 1.7-acre Monticello West redevelopment site at 5114 McKinney Ave. in Dallas from Lakemore LCS Leasing WM LLC. JLL Capital Markets arranged the deal on behalf of the seller. JLL Capital Markets’ Jonathan Carrier, Michael Swaldi and Adam McDaniel represented the seller.
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Skywalker Property Partners acquired the nearly 74K SF Alliance Commerce Center office building at 2301 Eagle Parkway in Fort Worth for its current fund, The Leverage Strikes Back. The two-story building is 90% leased and sits on 5 acres in the AllianceTexas development.
Davidson Bogel Real Estate’s Cameron Deptula and Blake Schur represented the seller, Group O. Jack Mock and Chris Aguilar led the acquisition on behalf of Skywalker Property Partners.
LEASES
Continental Battery Systems will relocate its corporate headquarters to a nearly 26K SF full floor in the building at 750 N. John Carpenter Freeway in Irving. Continental signed a 10-year lease, committed to investing in building improvements, and will create or relocate around 96 jobs to Irving. The distributor of battery products for automotive, marine and heavy-duty applications plans to move into its new headquarters in mid-2026, following approval of a $75K incentive package from the Irving City Council.
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Healthcare consulting firm VMG Health leased 30K SF of offices at the 20-story One Victory Park building in Uptown Dallas. Cushman & Wakefield’s Matt Schendle and Carrie Halbrooks represented Clarion Partners.
CONSTRUCTION AND DEVELOPMENT
Construction has begun on Silveron Park, a restaurant-focused specialty retail project that is part of a mixed-use development at the corner of Lakeside Village Boulevard and International Parkway in Flower Mound. The project’s first phase of retail consists of 17K SF of shop space and is expected to be completed this fall.
At full build-out, Silveron Park will have 525K SF of office space, 40K SF of retail and 200 luxury apartments. Weitzman is managing the development of Silveron Park’s retail, with the firm’s Ben Terry, Lynn Van Amburgh and Avery Frisbie set to handle leasing. The general contractor is Spring Valley Construction Co.
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Harbert South Bay Partners broke ground on the 162-unit The Marianne on Inwood luxury senior living community in Dallas. The 3-acre community will offer 96 independent living, 42 assisted living and 24 memory care residences. The Marianne on Inwood will be operated by Momentum Senior Living and was designed by Arcadis. The project's leasing office will open this year, with occupancy slated to begin in late 2027.
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Kinective Fitness Club is building a nearly 51K SF facility at 4520 State Highway 121 in Plano. Kinective Plano, developed in collaboration with the architecture firm RDC, will feature four signature spaces housing seven studios and is expected to open early next year.
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Kindred Homes opened its 15-home Discovery Lakes community in Rockwall.
FINANCING
Gantry secured a $60M loan to retire maturing debt on a 1.4M-SF big-box warehouse facility in Fort Worth. The logistics facility is 100% occupied by a major toy manufacturer for its North American distribution needs.
Gantry’s George Mitsanas, Tim Storey and Chad Metzger represented the borrower, a private real estate investor. The two-year, fixed-rate, interest-only loan was secured from one of the firm’s correspondent insurance company lenders and includes two one-year extensions. Gantry will service the loan for the lender.
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JLL Capital Markets arranged refinancing for a portion of the Old Parkland west campus in Dallas. The collateral consisted of six of the campus’s office buildings totaling 288K SF. The six buildings included in the refinancing are: Old Main, Woodlawn Hall, Reagan Place, Oak Lawn Hall, Parkland Hall and Commonwealth Hall.
Working on behalf of the borrower, JLL placed the five-year, fixed-rate loan with funds affiliated with Blackstone Real Estate Debt Strategies. The JLL Capital Markets team representing the borrower included John Rose, Ryan Pollack and Jordan Buck.
PEOPLE
Avison Young added Noel J. Hutcheson as a principal and market leader for its Dallas office. He will concentrate on expanding the office’s capabilities across brokerage, property management, project management and valuation services. Hutcheson has nearly 30 years of experience and succeeds Greg Langston, who will remain at the firm as a principal and will continue to focus on representing corporate clients.
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Colliers appointed Matthew Pastrano to the role of senior vice president in its Dallas office, where he will focus on multifamily capital markets. He was previously with CBRE.
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Phelps added five lawyers in Uptown Dallas from the former boutique litigation firm Johnston Clem Gifford to support the business and litigation needs of financial services and corporate clients across Texas and the southwestern U.S. The addition of Kenneth C. Johnston and Robert W. Gifford as partners, along with P. Blaine Grant, Kodie Bennion and Catherine Gaither as counsels, will enhance Phelps’ banking and financial services team.
