This Week's Dallas-Fort Worth Deal Sheet
Dallas took second place on the list of top five manufacturing job markets (behind Detroit) with 6,700 new jobs in the industry, according to the US Bureau of Labor Statistics’ Current Employment Series.
One good example of the growth in manufacturing across the Metroplex is the upcoming opening of Hilti (a global manufacturer of construction tools and applications). The firm plans to open a 65k SF R&D facility in Irving after relocating its HQ (pictured) to Plano from Tulsa last October. Houston rounded out the top five in fifth place with 5,200 jobs.
LEASES
Chemstation of Texas renewed its 11k SF lease at 665 Jones St in Lewisville from Lobos Holdings. Henry S. Miller Brokerage’s industrial division principal/EVP Dan Spika closed the deal.
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ML Realty Partners completed 183k SF in leases including 91k SF to Cashion Home Services, Gunder Associates, Pacific Coast Transportation and East Penn Manufacturing Co in Crosby Trade Center in Carrollton. Additionally, 92k SF was leased to to JAS Forwarding (USA), Southwestern Carpets and J.C. Ehrlich Co in Park West Crossing (pictured) in Coppell.
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NorthStar Energy Services leased 11k SF at 1250 E. Copeland Rd in Arlington from Aque Investment Group. Bradford’s Richmond Collinsworth, Erik Blais and Clint Manning repped the landlord in the direct deal.
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Spear One Productions leased 10k SF at Hills at Decker Court in Irving. Cushman & Wakefield’s Steve Wentz repped the tenant. Younger Partners’ Kathy Permenter and Sean Dalton repped the landlord.
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RealPage leased a new corporate HQ at an undisclosed location in Richardson. The new lease will begin in September 2016 and expire in 2028, with two, five-year options to renew.
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Wingfoot Commercial Tire Systems leased 14k SF at 2820 Market St in Garland. Stream’s Matthew Dornak and Ryan Wolcott repped the landlord, Carleton/Graetz. CBRE’s Tim Vogds repped the tenant.
SALES
SHOP Cos investment sales’ Tommy Tucker and Tim Axilrod repped three sellers in four transactions totaling 36k SF. Among the deals were the 12k SF Stampede Crossing in Las Colinas. The duo repped the seller, a Dallas-based limited partnership. The buyer was a private DFW-based LLC. They procured a New York-based buyer for the 12k SF Flower Mound Plaza in Flower Mound off Long Prairie and Cross Timbers roads. They also repped the seller, a Central Texas-based individual.
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Stonesmith sold 31k SF at 10770 Sandhill Rd in Dallas. Avison Young’s Buddy Turner repped the seller, Investments Inc., COPA. Stream’s Luke Davis and Ryan Boozer repped the purchaser.
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The Hilsinger Co leased 26k SF at 1220 Champion Circle in Carrollton. Prologis’ Mitch Pruitt repped the landlord. Stream’s Ryan Boozer repped the purchaser.
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TIG Real Estate Services’ Kevin Mackey repped Cliff McFadden in the purchase of a 60k SF industrial building on five acres at 65 Oak Creek Dr in Kaufman. The property will now be the corporate HQ of McFadden Transport and Warehouse. The seller was repped by Sharron Worthy of Keller Williams.
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Wiki Wiki Properties–Secure Storage Series purchased a 128-unit multifamily complex at 1933 SH 161 in Grand Prairie from IfCap Treetop. Hudson Peters Commercial’s Curtis Hawkins and Michelle Hudson repped the buyer. Wells Asset Management’s Mike Wells and Robert Aiello repped the seller.
NEW BUSINESS
CoreLogic selected Billingsley Co to build a 327k SF office building as the DFW operations site for the California-based company. The new CoreLogic building will be four stories and is expandable to over 400k SF to handle projected company growth. The Cypress Waters site is at the northwest corner of Hackberry Road and Ranch Trail. The company plans to occupy the building in 2017. CoreLogic was represented by CBRE’s Jeff Ellerman, Scott Hobbs and Mike Scimo.
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KDC announced that Woolley’s Classic Suites signed on to join Avion Business Park (a 50-acre tract along SH 114 and Royal Lane between Esters Boulevard and Freeport Parkway in Irving). Avion Business Park is the second location in the country for the Woolley’s Classic Suites hotel brand. The first Woolley’s opened in Denver on May 22, 2014, near the Denver International Airport. Also at Avion, the American College of Emergency Physicians recently broke ground on a new three-story, 57k SF HQ. Construction on Woolley’s Classic Suites will begin in the fall with completion scheduled for winter 2016. The American College of Emergency Physicians HQ is scheduled to be complete in summer 2016.
