This Week's Dallas-Fort Worth Deal Sheet

In The City For Good’s newly renovated facility has been completed. The three-classroom building at 3901 Latimer will be used for a portion of Park South YMCA’s overcrowded preschool classrooms.

Developer Trammell Crow, Alliance Architects and Fast-Track Construction offered their commercial real estate development expertise to convert an abandoned 2k SF laundromat into a preschool building and increased the capacity from serving 100 to 145 children.

EXECS

JLL hired Allison Holland as a managing director. Working under David Williams, leader of JLL’s Multifamily Capital Markets, Allison will provide debt and equity placement and advisory services for senior housing and healthcare assets across the nation. 

SALES

Westmount Realty Capital acquired Forest Oaks Apartments, a Class-B garden-style apartment property at 2408 Forest Oaks Lane in Arlington. Westmount will rebrand the 164-unit property as Westmount at Forest Oaks. Financing was provided by Berkadia through the Freddie Mac Value-Add Program. 

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Greysteel was named exclusive adviser and agent by AMG Ventures for the sale of Geneva Apartments in Dallas. Greysteel’s Boyan Radic, Doug Banerjee, Andrew Mueller, Ryan Hill and Andrew Hanson are marketing the property.

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Milan-East Park Row sold a 21k SF industrial building at 3401 East Park Row Drive in Arlington to RMB 13. Bradford’s Kevin Santaularia and Michael Spain repped the seller. Michael Cargile of Voit Real Estate Services repped the buyer.

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Hawkeye Realty Campbell Ranch sold 14 acres at SEC Highway 3040 and Valley Parkway in Lewisville to Senior Care Living VI. CBRE’s Marty Neilon repped the seller. Valhalla Real Estate’s Matthew Huckin repped the buyer. A specialty senior care development is planned for the site.

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Dallas County Hospital District sold 11 acres to Trimurthy Holdings at 4202 Brook Springs Drive in Dallas. CBRE’s David Glasscock repped the seller. 

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Dallas Logistics sold 17k SF at 3409 High Prairie Road in Grand Prairie to Dallas Terminal. CBRE’s Brian Gilchrist, Steve Koldyke and Kacy Jones repped the seller.

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VKM II sold 42k SF at 6125 Airport Fwy in Haltom City to 6125 Partners. CBRE’s Brice Wells repped the seller. The building was purchased by the current tenant, The Country Network.

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Marcus & Millichap’s Institutional Property Advisors sold Avenue 900 (above), a 300-unit apartment complex in Euless. IPA’s Will Balthrope, Drew Kile, Joey Tumminello and Rowan Burch repped the seller and procured the buyer.

LEASES

Brothers Flooring leased 9k SF at 2112 Regency Drive in Irving from Knopf Family Partnership. Landon Broach repped the tenant. Mercer’s Keenan Cook repped the landlord.

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Peloton is now leasing The Brewery at 703 McKinney Ave. The six-story, 209k SF building was built in 1890 and will complete renovations next year.

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A shopping center at 2003 West Davis St in the Bishop Arts District is 100% leased after the addition of two new tenants—a convenience store and Pipes & Culture. Vision Commercial’s Roger Smeltzer repped the landlord, Nadroz Inc. The two tenants were self-repped.

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AACA Parts & Supplies renewed 20k SF of warehouse space in Falcon Centre at 1707 Falcon Drive in DeSoto. Bradford’s Michael Spain and Brian Pafford repped the landlord, Owen Bros Enterprises. Matt Elliott of NAI Robert Lynn repped the tenant.

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IES Commercial leased 11k SF of industrial flex space in Marsh Business Park East at 3744 East Arapaho Road in Addison, from GIJV Arapaho Road. Bradford’s Susan Singer, Brock Wilson and Joe Santaularia repped the landlord. Holt Lunsford's Andrew Gilbert repped the tenant. 

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QuikTrip renewed 7k SF of warehouse space in Woodlands Business Center at 2007 108th St in Grand Prairie. Bradford’s Michael Spain, Brock Wilson and Will Dillard repped the landlord. Michael Peinado of Lincoln Property repped the tenant.

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The Camp Arlington leased 7k SF of industrial flex space in Randol Mill Service Center at 2400 East Randol Mill Road in Arlington. Bradford’s Will Dillard repped the tenant. Transwestern's John Brewer repped the landlord, UVAG Realty.

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Walter Surface Technologies leased 23k SF at 710 Gateway Blvd in Coppell from Prologis. CBRE’s Brian Gilchrist repped the tenant. 

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Quality Edge leased 36k SF from Uni-Pacific at 634 107th St in Arlington. CBRE’s Brian Gilchrist repped the tenant. 

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AC Products renewed 10k SF from A&H Properties Partnership at 3551 Plano Pkwy Office in The Colony. CBRE’s Tommy Nelson and Lucy Durbin repped the landlord. 

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The Charter School Fund leased 102k SF of office space from GSMC 2011-GSC The Hills at 6361 Grapevine Hwy in North Richland Hills. CBRE’s Tommy Nelson repped the landlord.

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Fishman Jackson Ronquillo renewed 8k SF and expanded 2k SF at Galleria Office Towers at 13155 Noel Road in Dallas. CBRE’s Celeste Fowden, Shannon Brown and Kenzie Killgore repped the landlord, CBRE Global Investors. 

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Worley Claims Services leased 27k SF of office space from LSREF3 Arizona Reo at 3000 Kellway Drive in Carrollton. Transwestern repped the landlord. CBRE’s Clay Vaughn and Preston Lynn repped the tenant.

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JLL’s Pat McDowell negotiated an office lease renewal and expansion on behalf of accounting firm Auldridge-Griffin. The office lease is for 9k SF and includes a nearly 2k SF expansion. John Grace repped the landlord, Colliers International.

FINANCING

Greysteel arranged bridge financing for the refinance of The Trails Apartments (above) in Dallas on behalf of 4335 Cedar Springs. The 12-month interest-only line of credit, provided by a local lender, features a floating-rate 325 bps over the 30-day LIBOR rate. This transaction was negotiated by Greysteel’s Anton Mattli and John Marshall Doss.

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CBRE Capital Markets’ debt and structured finance arranged debt financing for Tollway Towers, a three-building office asset in Dallas. CBRE worked on behalf of Champion Partners and CrossHarbor Capital Partners to obtain a $32M non-recourse loan. CBRE’s Scott Lewis, Greg Greene and Matt Ballard originated and secured the financing on behalf of the borrower.

THIS AND THAT

Great Place to Work and Fortune magazine named Transwestern one of the “100 Best Workplaces for Women” for the second consecutive year. The only third-party, full-service commercial real estate firm to be recognized, Transwestern was ranked 10 places higher than in 2015.