This Week's Dallas-Fort Worth Deal Sheet
Texas Health Resources opened Texas Health Fitness Center CityLine, a neighborhood wellness center that'll provide both physical and mental health services.
The facility features the latest in exercise equipment technology, including a virtual environment that allows you to compete against other fitness center members–without the hassles of dodging traffic. The fitness center will operate alongside a behavioral health center and a family practitioner’s office.
The wellness center is the most recent addition to these smaller campuses created to give greater access to health services across the Dallas/Fort Worth area.
LEASES
Johnson Controls leased 55k SF at 1615 Diplomat Dr in Carrollton. Younger Partners’ Carter Crow repped the landlord, DCT Industrial. CBRE’s Jeremy Halbeck repped JCI.
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Professional Garage Door Systems leased 35k SF of industrial at 10401 Miller Rd in Garland. Lee & Associates’ Ken Wesson and Brett Lewis repped the landlord, Colony Capital. Cushman & Wakefield’s Blake Anderson repped the tenant.
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Drucker Labs leased 29k SF of industrial/flex space at 1600 Capital Ave in Plano. Lee & Associates’ Brett Lewis and George Tanghongs repped the landlord, GLP. The tenant was repped by Ron Putnam.
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Juan Millan leased 20k SF of special purpose space in Hacienda Vista Hermosa, 1950 Menefee Ave in Fort Worth. Coldwell Banker Commercial Alliance DFW’s Chris Mendez repped the landlord.
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Dallas Auto Sales signed a lease for 25k SF of industrial at 3400 Wiley Post in Carrollton. Lee & Associates' Nathan Denton repped the tenant. Colliers International's Greg Cannon repped the landlord, Futerfas Family LP.
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All Source Security Container USA renewed 10k SF of warehouse space for five years at 3016 Skyway Circle in Irving. Hartman Income REIT’s Derek Alexander repped the landlord, Hartman Income REIT.
SALES
A national self-storage operator snapped up Denton Tap Self-Storage, an 85k SF self-storage facility in Lewisville. Marcus & Millichap’s Brandon Karr repped the seller, a private investor.
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OSG USA purchased a 58k SF flex building at 1945 Walnut Hill Lane in Irving from CHM Industries. Transwestern’s Sarah LanCarte, Bill de la Chapelle, Sharon Cramer, Joseph Karmin, Justin Lerner and Robert Klinger negotiated.
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Weatherford/Topco Investors sold a 34k SF industrial building at 1810 Banks Dr in Weatherford to Newton Business Park. Transwestern’s Sarah LanCarte repped the buyer.
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JCO Properties purchased 141k SF of land at 5220 W Vickery Blvd in Fort Worth from Vickery Boulevard Properties. Transwestern’s Jack Huff, Kyle Poulson and Kelly Whaley repped the seller.
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GRT Transportation acquired 4.17 acres of industrial land at 4321 W Ledbetter Dr from Ace Investments. Coldwell Banker Commercial Alliance DFW’s Chris Mendez repped the buyer. Cushman & Wakefield’s Jean Russo repped the seller.
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A private investor sold Forest Ridge Office, a 57k SF property at 1600 Airport Fwy in Bedford. Marcus & Millichap’s Cody Payne repped the seller.
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IDI Gazeley purchased 29 acres at 3600 Leon Dr in Garland. Lee & Associates’ George Tanghongs and Brett Lewis repped the seller, The Silverman Group.
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The Shadow Apartments at 4322 Bowser Ave in Uptown and Bennett Place in east Dallas were sold to an undisclosed buyer. Henry S. Miller’s Graham Johnston and CMS Strategies’ Rick Scheurer brokered.
DEVELOPMENT
Huffman Real Estate (whose founding members are shown here) is building Legacy Medical Park III at the southeast corner of Legacy Drive and Warren Parkway in Frisco. The property will be 65k SF on five acres. Completion is slated for Q1 2017.
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DCT is developing two new industrial projects: a 107k SF project in Coppell (DCT Freeport West at 1204 W Bethel Rd), slated for completion in Q3 and a 347k SF bulk distribution facility in Lewisville also set for a Q3 delivery. Two more projects are in the works, and Crow is working with DCT to identify additional sites for development.
FINANCING
Tomlin Investments secured a loan for a master planned development, Green Meadows, a 15-phase, 1,408-acre community in the North Dallas suburb of Celina.Holliday Fenoglio Fowler secured the loan from Bank of the Ozarks.HFF’s Jeremy Sain and Steven Heldenfels repped the developer in negotiations.
