This Week's Dallas-Fort Worth Deal Sheet
Want to get a jump-start on upcoming deals? Meet the major Dallas-Fort Worth players at one of our upcoming events!
Snap Kitchen inked its first Tarrant County site in the new 13k SF Colleyville Stampede that’s under construction at 4712 Colleyville Blvd by Standridge Cos.
Also inking deals in the shopping center are Teddy’s Bigger Burgers, Colleyville Smiles and Jersey Mike's. Snap Kitchen’s architects submitted tenant improvement plans for review and permitting in the first week of March. Tey Tiner of CBRE/UCR is the developer. Shop Cos’ Alden Harris repped Snap Kitchen. Scott+Reid General Contractors raised the walls of the 8k SF outparcel building where Zoe’s Kitchen is signed to be the first tenant. Contractors are on site now shoring the braces and ensuring that the structure is dried in, so tenant improvements may begin. City of Collevyille economic development director Marty Wieder tells us this project is the second ground-up multi-tenant retail center to start in recent months, just in front of Colleyville Downs, which is building across the street. Marty says the 2014 opening of Whole Foods Market has been an attractive magnet for restaurants and other retailers.
Blocksport Volleyball Club leased 36k SF from Colony Financial at 10401 Miller Rd in Dallas. Lee & Associates’ Ken Wesson, George Tanghongs and Brett Lewis repped the landlord. Stream’s Eric Crutchfield repped the tenant.
Kuehne & Nagel leased 268k SF at 1800 Waters Ridge in Lewisville. DTZ’s Blake Anderson and David Eseke repped the tenant.
Esiquio Cornejo leased 20k SF at 4834 Reading St. Stream’s Jason Moser repped the landlord. Mercer Co’s Jeff Mercer repped the tenant.
Faciliserv Furniture Services renewed 18k SF at 9003 Governors Row. Stream’s Ryan Boozer repped the tenant. Gillis Thomas Co’s Kevin Conlon repped the landlord.
Texas Universal Recycling Technologies signed a 44k SF lease at 2301 Franklin Dr in Fort Worth with Kensington Realty. Transwestern’s Jeff Givens and Tracy Georges repped the landlord.
Altair Global signed a 14k SF lease for its corporate HQ at 7800 N Dallas Pkwy in West Plano. NAI Robert Lynn’s Dan Jardine III and Tom Lynn repped the tenant.
Catalyst Urban Development secured $21M in construction financing for the first phase of a 249-unit multifamily development adjacent to the Medical Center of McKinney and Collin College at US 75 and SH 121. JLL’s Capital Markets’ Jason Piering and Adam Mengacci arranged the financing through Comerica, which provided a five-year, floating-rate loan.
Cooper Holdings sold the 180-unit Cooper Park at 812 Cooper Square Circle in Arlington to Upper Level Acquisitions I. Greysteel’s Boyan Radic, Doug Banerjee, Andrew Mueller and John Marshall Doss repped the seller.
Gladstone Commercial Corp, through a wholly-owned subsidiary, purchased the 156k SF 250 East Arapaho in Richardson from Peloton Capital Partners. CBRE’s Gary Carr, Eric Mackey, John Alvarado and Robert Hill repped the seller.
TFC Fort Worth Noah’s Boise Etal sold 3.51 acres at 4301 Fossil Creek in Fort Worth to TMC Management. Transwestern’s Alex Bryant repped the seller.
Reo Speedway sold a 20k SF industrial building at 9534 Industrial Blvd in Justin to Metroplex Acoustical. Transwestern’s Todd Hawpe and Jeff Givens repped the seller.
Bonsai American sold a 45k SF industrial building at 14232 N Hwy 171 in Cresson to Tire Welder Texas. Transwestern’s Todd Hawpe and Davy Wright repped the buyer.
THIS & THAT
Mohr Partners joined with Jonathan's Place as the headlining sponsor for its second annual Strike Out Child Abuse bowling tournament. The tournament (at Bowl & Barrel) raised more than $39k for the foster group home for drug-addicted babies and small children. It’s the only emergency shelter in Dallas County for abused children from newborn to 17. Here’s The Bowling Stones team: Mitch Kumin, Pepsi Windland, Stephen Hemphill, (behind them) Tanya Pratt, Sara Wardrup and Seth Juwenburg.
Pamela Robison Mullins joined the Daniel Rudd-Billy Vahrenkamp tenant advisory team at Colliers International North Texas as a VP. She joins Colliers from Cresa Dallas, where she was an SVP in the tenant rep and corporate services group.
Robert Elliott Custom Homes started construction on The Mondara, a luxury condominium development on Abbott Avenue in Highland Park. Designed by Stocker Hoesterey Montenegro, the project features single-story flats in a three-story building.
Trademark Property Co, the operating partner for Uptown Village at Cedar Hill, plans a multimillion-dollar renovation of the 610k SF shopping center that includes a rebrand, enhanced entrances, upgraded landscaping, common area improvements, a new children’s play area, new amenities for adults and children, and new signage throughout the property. In addition, Trademark is working with several prospective junior anchors to add to the merchandising mix.