This Week's Dallas-Fort Worth Deal Sheet
Villa Creek Drive purchased a 161-unit, value-add multifamily property in Farmers Branch.
The 131k SF asset was 93.5% occupied at closing. CBRE's Chris Dueillet repped the seller, Villa Creek Associates. The complex was built in 1964 and sits on approximately 7.5 acres at 2835 Villa Creek Dr with significant green space to add community amenities.
The Real Estate Council of Greater Fort Worth selected Coldwell Banker Commercial Alliance DFW's Casey Tounget as its 2016 Outstanding Young Leader.
Silverstone Healthcare Co held a groundbreaking ceremony March 30 for HarborChase of the Park Cities, a 134-unit assisted living and memory care community. The project, rendered here, is unique for its 14k SF of public and private terraces. Completion is projected for fall 2017.
Metro-Webb Wholesale Food Service renewed its 12k SF lease at 909 Avenue T in Grand Prairie. Mercer Co's Corby Hodgkiss repped the tenant, and Lincoln Property Group's Michael Peinado repped landlord Columbia Texas Ave T Industrial.
May Group International signed a long-term renewal, totaling 138k SF in two buildings at 1200 Forum Way S, for its HQ-production complex in Carter Industrial Park in South Fort Worth. Coldwell Banker Commercial's Theron Bryant negotiated. The landlord is May Sound Crazy; May Group International did a sale-leaseback in 2013 with Hangover Opportunity Fund.
End Zone Athletics leased 24k SF of office/warehouse space at 1111 W Carrier Pkwy in Grand Prairie. NAI Robert Lynn's Michael Stanzel repped the tenant.
Nhip Song Music leased 51k SF of office/warehouse space at 2745 Market St in Garland. NAI Robert Lynn's Stephen Cooper repped landlord DCT Industrial, and Tranwestern's Greg Cannon repped the tenant.
The Dallas Firefighter's Museum leased 11k SF of industrial space at 1606 S Barry Ave. Lee & Associates' Corbin Blount repped the tenant. Holt Lunsford's Josh Barnes repped the Landlord, City Warehouse.
Sumair Trading purchased a 41k SF building at 1750 Regal Row. Henry S. Miller's Parvez Malik repped the buyer, while Stream Realty's James Mantzuranis repped the seller.
Mercer Co's Jeremy Mercer repped two sales:
- Michael Bergenholtz bought 1322 Round Table Dr (27k SF). Transwestern repped the buyer; Jeremy repped seller CJM2 Properties.
- KP-Krypton purchased 5151 Mercantile Row (48k SF). The seller was MDP Management Trust, repped by Bates & Myers' Floyd Bates.
Greysteel's Boyan Radic, Doug Banerjee, Andrew Mueller and Ryan Hill sold El Sol Del Lago, a 318-unit apartment community. Greysteel’s team repped seller Oradell Lane Holdings.
Marcus & Millichap announced two sales:
- The Woodlands of Arlington, a 264-unit apartment property. Al Silva and Ford Braly repped the seller, a Dallas-based partnership that had owned the property for over 25 years, and the buyer.
- Soho, a 64-unit apartment property. Scott Ogilvie and Trey Caldwell marketed for the seller, a limited liability company. The buyer, another LLC, was procured by Scott.
Jewish Family Services of Greater Dallas Foundation purchased 5314 Arapaho Rd. NAI Robert Lynn's Mike Smith and Dan Avnery repped the seller. Bill Roth repped the buyer.
Dalfen America Corp purchased McKinney Central Business Park at 2010 and 2040 N Redbud Blvd in McKinney.
HFF's Cullen Aderhold and Trey Morsbach secured a $74.5M refinancing for a Class-A industrial portfolio totaling 1.6M SF within the AllianceTexas development in Fort Worth and Roanoke. Meggie Lowy managed the transaction for borrower Hillwood.
Greysteel arranged the financing of Walker Place, a 67-unit Cardinal Housing apartment community. Greysteel’s Anton Mattli and John Marshall Doss served as exclusive adviser to the buyer. The five-year note was funded by a national bank.