Investor Picks Up 775K SF Industrial Portfolio In Hot Submarket: The DFW Deal Sheet

An investment management firm has pounced on a Dallas-Fort Worth industrial portfolio.

Cushman & Wakefield arranged the sale and financing of the 775K SF Greater Valwood Industrial Portfolio on behalf of an undisclosed seller. The firm also served as the exclusive adviser to the buyer, Stockbridge, in securing an acquisition loan provided by Lincoln Financial Group. 

“Industrial portfolios located in the Valwood/North Stemmons and Metropolitan Addison submarkets rarely come to market, which resulted in significant investor interest,” Cushman & Wakefield Executive Managing Director Robby Rieke said in a statement.

The seven-building portfolio is 100% leased to 14 tenants with an average tenure of more than nine years.

Cushman & Wakefield’s Rieke, Jim Carpenter, Jud Clements, Emily Brandt and Trevor Berry represented the seller. T.J. Sullivan, John Alascio and Jason Blankfein of Cushman & Wakefield’s equity, debt and structured finance group advised Stockbridge.

SALES

Criterion Development Partners sold the 236-unit The International at Valley Ranch multifamily development in Irving to Consolidated Investment Group. Located near Dallas Fort Worth International Airport in the Valley Ranch master-planned development, the four-story mid-rise asset was completed in 2024. Drew Kile, Michael Ware, Joey Tumminello, Taylor Hill, Shelby Clark and Jack Windham of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer.

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Whitestone REIT acquired 5000 South Hulen, a nearly 87K SF shopping center in Fort Worth. The property is adjacent to Hulen Mall, between Interstate 20 and Hulen Street.

LEASES

Investigative technology company LeadsOnline will expand its headquarters to a full floor at the Legacy Town Center II building in Plano. LeadsOnline’s lease will be for 27K SF at the 6900 North Dallas Parkway property. Savills’ Clay Vaughn and Jihane Boury oversaw real estate strategy for LeadsOnline.

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Polsinelli relocated to 41K SF at the Old Parkland campus in Dallas. Located at 4020 Maple Ave., the new Dallas office covers one floor spanning three buildings on the east campus of Old Parkland: Resolute Tower, Providence Hall and Endeavor Hall. 

CONSTRUCTION AND DEVELOPMENT

High Street Residential and its development partners broke ground on two new housing developments in Allen. The Crestview Apartments at 2050 Peak St. are being developed in partnership with Abington Properties. Its first units will be delivered by the third quarter of 2026, with full delivery expected by March 2027.

The Crestview Townhomes are being built in partnership with MetLife Investment Management at 1951 Painted Trail Drive. The first townhomes are expected to be delivered by Q1 2026, with full completion slated for August of that year.

High Street Residential is the residential subsidiary of Trammell Crow Co. Both projects were designed by ESG Architecture and Design and are being built by Andres Construction. Spiars Engineering is the civil engineer, TBG Partners is the landscape architect and is handling interior design, Urban Structures is the structural engineer, and Jordan & Skala Engineers are the mechanical, electrical and plumbing consultants. Associated Bank provided construction financing for the Crestview Townhomes, while JPMorgan Chase provided construction financing for the Crestview Apartments.

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Developer Wood Partners will break ground on its Alta River Park multifamily development in Fort Worth this month. The development is expected to deliver its first units in the fall of 2026, with completion slated for the spring of 2027. Alta River Park will feature 365 units and will be located just west of the Chisholm Trail Toll Road.

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Cerris Builders completed work on 121 Commerce Center, a 262K SF warehouse facility at 1800 State Highway 121 in Grapevine. Developed by GTIS Partners and designed by Alliance Architects, the site is positioned to serve distribution, logistics and warehousing needs.

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Omni Las Colinas Hotel completed a $20M renovation of all 421 rooms and the Las Colinas Ballroom, the property’s largest event space. The latest work follows a $13M revitalization of the property’s common spaces.

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Venu Holding Corp. broke ground on the Sunset Amphitheatre on June 13. The $300M, 20,000-seat facility is being developed as part of a public-private partnership between Venu, the city of McKinney, the McKinney Economic Development Corp. and the McKinney Community Development Corp. It is slated to open in 2026.

FINANCING

CBRE arranged a $61.8M loan to acquire a 463K SF industrial portfolio made up of four recently completed facilities in the DFW and Nashville metros.

Bixby Capital Management bought the portfolio for $84.2M from an undisclosed seller. CBRE Capital Markets’ Brian Linnihan, Mike Ryan, Richard Henry and J.P. Cordeiro secured the floating-rate, full-term interest-only loan from PCCP on behalf of the sponsor and buyer.

The DFW-area property is Red River Business Park at 900 Arthurs Lane in Lewisville. It was completed in 2024 and features three rear-load buildings totaling more than 241K SF. It was 56.2% occupied by three tenants at the time of financing.

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Marcus & Millichap Capital Corp. secured financing for the acquisition of the 101-unit Living Oaks apartment community in Red Oak. Marcus & Millichap Capital Corp. worked on behalf of borrower Magnolia Equity Partners to arrange the 75% loan-to-cost fixed-rate loan. Marcus & Millichap Capital Corp.’s John Brickson represented the borrower.

PEOPLE

Lincoln Property Co. expanded its corporate advisory and solutions group with four new hires. Will Burchfield was appointed business development director, Madison Davis was hired as a business development strategist, Andrew Dixon was added as business development manager, and Joe Hartmann was named senior business development manager.

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Mohr Partners Inc. added Jeff York and Shawn Hall to its Dallas brokerage team. York joins the company as managing director with more than 30 years of commercial real estate experience. Hall was named director at Mohr Partners and has more than 20 years of experience. 

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SRS Real Estate Partners named Karla Smith co-market leader in the firm’s Dallas office. Smith joined SRS five years ago. She will work to grow SRS’ presence in DFW while collaborating with market leaders across the state to enhance the firm’s reach and client impact throughout Texas.