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This Week's Dallas-Fort Worth Deal Sheet

Norma’s Cafe opened its fourth location at 6am today. The first 100 customers will receive free chicken fried steak for a year (so if you hurry, you might still make it). 

Norma’s Cafe opened its fourth location at 6am today. The first 100 customers will receive free chicken fried steak for a year (so if you hurry, you might still make it). The 4k SF 133-seat Dallas institution is in Caruth Plaza at 9100 N. Central Expy, Suite 151, across the street from The Shops at Park Lane.

The new 4k SF location in Caruth Plaza at 9100 North Central Expy, Suite 151, across the street from The Shops at Park Lane, seats 133. It's a modernized update of the original Norma’s Cafe on West Davis (a true Dallas institution) in Oak Cliff near the Bishop Arts District and similar to the locations in North Dallas and Frisco. Now you know where you’ll be taking your lunch meeting.

EXECS

Curtis Knapp joined HOK as SVP. Curtis will serve as director of HOK’s global consulting group, which helps organizations align their real estate and facilities to support their workplace needs. 

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Scott Pitt joined MYCON General Contractors as project director. He'll be responsible for overseeing the project management team for MYCON’s institutional market, including contract negotiations and execution, construction planning and scheduling, quality control and safety, and compliance management.

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Skanska USA made a slew of personnel moves this week:

  • It hired Daniel Mortimer as general superintendent for the $94M Irving Music Factory project. Skanska is converting the 16.8-acre greenfield site into an entertainment destination. Daniel previously worked for Brasfield & Gorrie as senior superintendent.
  • Todd Reeves rejoined as project executive. He previously worked at Skanska for 11 years, then returned after a short stint at Balfour Beatty.
  • The firm promoted Bryan James to pre-construction manager. Since joining Skanska two years ago, James provided pre-construction services for numerous projects, including West Memorial Place and Capitol Tower in Houston, and Prairie View A&M University’s new football stadium.
  • Marty Massey was promoted to SVP of operations for the Texas region. In his new position, Marty is responsible for growing Skanska’s business in Texas, facilitating the execution and completion of projects, and ensuring quality.

SALES

CBRE sold Savannah Square, a 29k SF 56-unit multifamily community  at 321 Southwest 5th St in Grand Prairie. Flower Mound-based WoodOak Corporation purchased the asset from MMAR Holdings for an undisclosed price. CBRE’s Chris Deuillet repped the seller.

CBRE sold Savannah Square, a 29k SF, 56-unit multifamily community at 321 Southwest 5th St in Grand Prairie. Flower Mound-based WoodOak Corp purchased it asset from MMAR Holdings for an undisclosed price. CBRE’s Chris Deuillet repped the seller.

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RR Morton purchased an 8k SF building on a 13k SF lot at 2818 Morton St in Fort Worth from Bosquenova. Theron Bryant of Coldwell Banker repped the buyer. Transwestern's Kirk Kelly repped the seller.

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Gault Co's Roger Gault sold a single-tenant industrial building at 1939 Hereford Drive in Las Colinas to an undisclosed buyer. The 25k SF building sits on 1.5 acres in the Las Colinas Walnut Hill Distribution Center. Stream’s Ryan Boozer brokered the sale.

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Transpacific Development acquired a 1.4M SF Class-A distribution building at 5600 Mark IV Pkwy in Fort Worth, which was developed and is occupied by DHL Supply Chain.

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Cushman & Wakefield completed the sale of Mountain Creek Distribution Center 1, a 630k SFdistribution center at 7343 Grady Niblo Road, Dallas. A Boston-based advisory firm purchased the facility from a private fund advised by Crow Holdings Capital. The seller was repped by Cushman & Wakefield’s Randy Baird, Jud Clements, Robby Rieke and Taylor Starnes.

Cushman & Wakefield completed the sale of Mountain Creek Distribution Center 1, a 630k SF distribution center at 7343 Grady Niblo Road in Dallas. A Boston-based advisory firm purchased the facility from a private fund advised by Crow Holdings Capital. The seller was repped by Cushman & Wakefield’s Randy Baird, Jud Clements, Robby Rieke and Taylor Starnes.

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Greysteel arranged the sale of Edmundton Apartments at 5601 Birchman Ave in Fort Worth. Greysteel’s Boyan Radic, Doug Banerjee, Andrew Mueller, Ryan Hill and Andrew Hanson arranged the transaction. 

LEASES

Hoya Optical Labs of America leased 11k SF at Waters Ridge Tech II in Lewisville. The tenant was repped by NAI Robert Lynn’s Mark Miller and Tyson Erwin. The landlord was repped by Younger Partners’ Heather Shover, Kathy Permenter and Sean Dalton.

Hoya Optical Labs of America leased 11k SF at Waters Ridge Tech II in Lewisville. The tenant was repped by NAI Robert Lynn’s Mark Miller and Tyson Erwin. The landlord was repped by Younger Partners’ Heather Shover, Kathy Permenter and Sean Dalton.

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DogTopia leased a 7k SF retail space at 1830 FM 407 in Highland Village. Jeremy Cummings and Eric Deuillet of Structure Commercial negotiated the lease.

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English Eateries leased the 6k SF former Chili’s at 8000 Bedford Euless Road in North Richland Hills. Eric Deuillet and Troy Morgan of Structure Commercial negotiated.

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Goodman Distribution renewed 26k SF of warehouse space in Carter Business Park Building 1 at 7841 Will Rogers Blvd in Fort Worth. Bradford's Nick Talley repped the landlord, Realty Associates Fund X LP. Landry Commercial's Brant Landry repped the tenant.

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Bright Realty brokered the lease for a new R Taco (formerly Rusty Taco) in Hurst. The 2k SF restaurant will be in the Hurst Crossing Center on Highway 26 and Precinct Line Drive. Bright Realty’s Paul Harmon and Timothy McNutt repped the tenant in negotiations with landlord Crestview Real Estate.

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Omega Acquisition Corp leased 76k SF of office space from Industrial Property Trust at 5355 FAA Blvd in Irving. Cushman & Wakefield’s Dan Cook and Mark Becker repped Industrial Property Trust. Jackson Cooksey’s Trace Elrod repped the tenant.

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Dr. T. Jeff Russell leased 8k SF of office space from CFO2 Dallas II at 3535 Travis in Dallas. Cushman & Wakefield’s Johnny Johnson and Layne Mayfield repped the tenant while Pegasus Ablon’s Ruth Griggs repped the landlord.

DEVELOPMENT

Alliance Architects completed the architectural design for 907 Security Row in Richardson. Alliance Architects’ team members included Chad Michel and Tegene Mariam. DPR Construction provided general construction and construction management services.

Alliance Architects completed the architectural design for 907 Security Row in Richardson. Alliance Architects’ team members included Chad Michel and Tegene Mariam. DPR Construction provided general construction and construction management services.

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Gensler was chosen as the prime architect and designer for the $138M Dallas County Records Building Complex renovation and addition.

FINANCING

Pillar originated a $9M fixed-rate, 10-year Fannie Mae loan with a 30-year amortization schedule for the acquisition of Villa Bonita Apartments in Dallas. The fully occupied property features 232 affordable and market rate rental units. 

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CBRE refinanced Rochelle Plaza, a market-rate apartment community in Irving. The $6.7M loan was funded through HUD’s Section 223(f), providing a 35-year, fully amortizing, fixed rate and non-recourse loan structure. The loan will finance rehabilitation of the 120-unit Class-B garden-style apartment complex.

Related Topics: Deal Sheet, The Deal Sheet