This Week's Dallas-Fort Worth Deal Sheet
Willow Bend Market in Plano has a new look following a large-scale renovation that improved the appearance and amenities of the 175K SF center.
Upgrades included new signs, lighting, landscaping and other improvements, according to the Dallas Morning News. The center's anchor, Tom Thumb, also underwent a renovation that impacted all areas of the store's layout, departments and merchandising, according to a news release.
The center, located at the southeast corner of Dallas North Tollway and West Parker Road, features a range of tenants, including On the Border, Starbucks, Newk’s Eatery, Chase Bank, Legends Popcorn, Dough Pizzeria Napoletana, Zaap Kitchen, Einstein Bros. Bagels and Baskin-Robbins.
The project was led by Weitzman — which also leases and manages the 25-year-old property — under the direction of Senior Vice President of Asset Management Bernard Shaw. Weitzman’s Emilie Gioia Paulson is the project leasing agent.
“As a result of these improvements, which also enhance security and safety at the center, Willow Bend Market continues to strive to create a great and wonderful shopping experience for its customers while remaining a vital and integral part of the brick-and-mortar commerce of the community,” Shaw said in a statement.
PEOPLE
Merriman Anderson Architects hired Amanda Hendrick as the firm’s director of strategy and development. Hendrick joins the MAA leadership team as an associate principal, bringing 15 years of experience in the commercial real estate industry. She comes to the firm from Corgan.
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Ching-Ting Wang joined Newmark as regional director of Texas and Southeast research. In her new role, Wang will lead teams in Texas, Florida, Georgia, North Carolina, Oklahoma, South Carolina and Tennessee. She comes to the firm from Cushman & Wakefield.
LEASES
Dallas-based design firm SHM Architects signed a new long-term, 12K SF lease in the historic Meadows Building at Energy Square, a 170K SF office building located at 5646 Milton St. in Dallas. The firm will relocate from the Knox District and move to the top floor of the building.
Transwestern’s Michael Griffin and Ethan Minter represented the tenant in lease negotiations. Jeff Eckert, Blake Shipley, Haley Hullett and Ayanna Jarvis with JLL represented the landlords, GlenStar and USAA Real Estate.
Diversco Inc. renewed 51.5K SF of flex space at Marsh Business Park West, 1100 Venture Court, in Carrollton. Brian Pafford, executive vice president and managing partner of Bradford Commercial Real Estate Services, represented the landlord, DKI Industrial Dallas LLC, in the direct deal.
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Archer Western Herzog 4.0 JV renewed 23.5K SF of office space in Building 1 at Counter Point at Valwood, 1548 Valwood Parkway, in Carrollton. Brian Pafford, executive vice president and managing partner of Bradford Commercial Real Estate Services, represented the landlord, Valwood Parkway Partners Ltd., in the direct deal.
Stream Realty Partners announced the following leases:
— Blackbeard Marine leased 39K SF at Texas Plaza I, 2220 Chemsearch Blvd., in Irving. Stream’s Mac Hall and Sarah Ozanne represented the landlord, Link Logistics. Rich Young Co. represented the tenant.
— Performance Door and Hardware leased 31.5K SF at Parc Royal, 3710 West Royal Lane, in Irving. Stream’s Jeremy Kelly and Sarah Ozanne represented the landlord, GID. Colliers International represented the tenant.
— Accu-Tech Corp. leased 26K SF at 1500 Luna Road in Carrollton. Stream’s Mac Hall and Sarah Ozanne represented the landlord, Link Logistics. Newmark Knight Frank represented the tenant.
— REV Robotics leased 32.6K SF at Frankford Trade Center 15, 2941 Commodore Drive, in Carrollton. Stream’s Eric Crutchfield represented the landlord, DCT Frankford 8B. Mercer Co. represented the tenant.
— Modular Power Solutions leased 190K SF at Bison Grove Business Park, 801 West Round Grove Road, in Lewisville. Stream’s Bob Hagewood and Kelly represented the landlord, Hines Interests. Stream’s Mac Hall represented the tenant.
— Sturrock & Robson USA leased 28K SF at Lakeside Trade, 1420 Lakeside Parkway, in Flower Mound. Stream’s Bob Hagewood and Mac Hall represented the landlord, Stockbridge Real Estate. Newmark represented the tenant.
— Senderra RX leased 30K SF at Plano Commerce Center, 3712 East Plano Parkway, in Plano. Stream’s Bob Hagewood and Dan Harris represented the tenant. Mark V Commercial represented the landlord, Provident Realty Advisors.
— TB Philly leased 49.6K SF at Live Oak Logistics Park, 4109 Live Oak Drive, in The Colony. Stream’s Bob Hagewood and Mac Hall represented the landlord, Link Logistics. Transwestern represented the tenant.
— Wavenet leased 32K SF at Live Oak Logistics Park, 4105 Live Oak Drive, in The Colony. Stream’s Bob Hagewood and Mac Hall represented the landlord, Link Logistics. DFW Lee & Associates represented the tenant.
SALES
LanCarte Commercial brokered the sale of a historic multifamily building located at 1324 East Lancaster Ave. in Fort Worth. The 20K SF, four-story property was built in 1926 and renovated in 2004. Sarah LanCarte and Riley Dow of LanCarte Commercial represented the landlord in the transaction.
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Knight REI Group sold The Patios of McKinney, located at 1904 West White Ave., to MBP Capital. The transaction was executed by Chris Deuillet, William Hubbard and Jaxx Davies of CBRE’s Multifamily Investment Sales team in Dallas, who represented the seller, Knight REI Group. Josh Berde and Andrew Woertendyke of CBRE’s Debt & Structured Finance team were responsible for securing financing for the purchaser.
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Marcus & Millichap brokered the sale of Maverick Oak Lawn, a 137-unit apartment property located at 2702 Arroyo Ave. in Dallas. Al Silva, senior managing director of investments, and Ford Braly, first vice president of investments in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a local partnership.
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White Settlement ISD purchased a 28K SF office building at 8224 White Settlement Road in Fort Worth. Jeff Rein and Cullen Donohue with Stream Realty Partners represented the seller, Empire Holdings.
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GSK Acquisitions purchased a 152.7K SF industrial building at 600, 812 and 900 East Ninth Street in Fort Worth. Forrest Cook and Seth Koschak with Stream Realty Partners represented the seller, UNPJ Holding Co. David Sours with CBRE represented the buyer.
CONSTRUCTION AND DEVELOPMENT
Aloft Hotels, part of Marriott Bonvoy’s portfolio of hotel brands, will open its latest property in Arlington. The tech-enabled hotel located at 4432 South Collins Street is owned and managed by Stonewood Hotels of Irving.
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Development firm Presidium completed Presidium Hill Street, a 290-unit luxury residential community in Grand Prairie. The property was designed by Dallas-based O’Brien Architects.
FINANCING
Los-Angeles based Veleta Capital Partners provided $18M in senior secured, floating-rate bridge financing for the acquisition and renovation of the 137-unit Maverick Oak Lawn Apartments in Dallas. Cleveland-based Bellwether Enterprise Real Estate Capital LLC brokered the transaction.
THIS AND THAT
Dallas-based KWA Construction was recognized as one of the Dallas Business Journal’s 2022 Best Places to Work in North Texas. The annual list spotlights the top 100 small, medium and large companies in the region that go above and beyond in creating an exemplary workplace and a thriving culture for their employees.
