This Week's Dallas-Fort Worth Deal Sheet
Hartman Income has leased 41k SF at Bent Tree Green at 17300 North Dallas Pkwy in recent months, bringing occupancy to 89%.
Jessica Cyphers repped the landlord, Hartman, in the following deals:
- 360 Wealth Management expanded to 6k SF. Stephen Hemphill with Mohr Hill repped the tenant.
- Scott & Reid expanded 2k SF. Fults Commercial repped the tenant.
- Town Square leased 22k SF for eight years. Jackson & Cooksey repped the tenant.
- Physician Paradigms leased 6k SF for five years.
- John Hancock Life Insurance leased 7k SF for seven years. NAI Robert Lynn repped the tenant.
- Vaco Dallas expanded into 3k SF for three years. Transwestern repped the tenant.
EXECS
Dirk Goris and Ryan Reid with CBRE DFW’s multifamily investment sales team have been promoted to vice chairman.
***
KeyBank Real Estate Capital appointed Joe Schmidt as regional VP for the Southwest in its commercial mortgage group. His responsibilities include originating commercial and multifamily CMBS and separate account loans, and working with the balance sheet segments in the group. Schmidt will be based in Dallas.
***
Adam Hammack joined Cushman & Wakefield’s DFW office as senior director. Hammack brings 10 years of commercial real estate experience to the role, including six years at CBRE.
SALES
City Vet purchased a 21k SF pad at the Shops at Mockingbird at 4560 West Mockingbird Lane in Dallas. Mike Cagle and Taylor LeMaster of Inroads Realty repped the seller.
***
Transwestern sold two Dallas apartment complexes. Linda Vista at 13450 Maham Road has 370 units and Courtyard Village at 9737 Forest Lane has 270 units.
***
Transwestern sold two Fort Worth apartment complexes. The Realm at 2505 Ridgemar Blvd has 332 units and Woods of Ridgemar at 2200 Taxco Road has 235 units.
***
Local ownership purchased Salem Ridge Apartments in Denton. Old Capital arranged non-recourse financing for the 97-unit complex.
***
A local investor purchased Radford Place in Irving. Old Capital arranged 30-year amortization financing with a 3.94% fixed rate with three years of interest only.
***
Sealy & Co acquired 164k SF business park on 19 acres near DFW Airport. The park has both a value-add opportunity and 4.15 acres of developable land.
SVN arranged the sale of Hampton Terrace Apartments (above) in Dallas, a 244-unit garden-style community at 5000 South Hampton Road. The property underwent a major renovation in 2015. SVN’s Jon Krebbs repped the seller, a local private investor, and procured the out-of-state buyer.
***
Local ownership purchased Rose Ridge Apartments in Lewisville. Old Capital arranged cash-out refinancing to secure non-recourse financing with a 30-year amortization with a 4.19% interest rate.
***
Ownership completed cash-out refinancing of Sunrise Suites Apartments in Irving. Old Capital secured non-recourse Freddie Mac financing with a 10-year fixed rate under 4.35% and three years of interest only.
***
Experienced ownership purchased Wedgewood Apartments and Villas del Sol Apartments in Fort Worth. The combined properties have 222 units. Old Capital arranged 75% LTV non-recourse Fannie Mae loan assumption.
***
Miller Distribution sold a 110k SF industrial building at 1701 Pharr St in Fort Worth to GT Moving and Rigging. Transwestern’s Jeff Givens and Leland Prowse IV repped the seller.
***
GT Industrial Properties sold a 42k SF industrial building at 108 South Freeway in Fort Worth to FW 108 S Fwy Investors. Transwestern’s Sarah LanCarte repped the buyer.
***
BFH 113th sold a 22k industrial building at 2729 East Loop 820 South in Fort Worth to Cantwell Industries. Transwestern’s Jeff Givens and Todd Hawpe repped the buyer.
***
Bardin Square Investors purchased a two-story office building on half an acre at 801 East Border St (above) in Arlington from Snowden Family Properties. Renee Efimoff of Coldwell Banker Commercial Advisors DFW repped the local buyer. Jordan Foster of Peyco Southwest Realty repped the seller.
LEASES
Royal Nationwide Moving leased 12k SF at 8909 Chancellor Row in Dallas. NAI Robert Lynn’s Cole Horowitz repped the tenant. Mercer Co’s Jeremy Mercer repped the landlord, John McLeod Jr.
***
Platinum Press signed a 150k industrial lease at 4251 Empire Road in Fort Worth with MLRP 4251 Empire/ML Realty Partners. Transwestern’s Frank Jester repped the tenant.
***
Malin USA signed a 29k SF industrial lease with Mercantile Partners in Mercantile Center at 4770 Mercantile Drive in Fort Worth. Transwestern’s Bill de la Chapelle and Sarah LanCarte repped the tenant.
***
Dynevor Express renewed its 12k SF industrial lease in Berry 820 Business Park 1 at 5874-5880 East Berry St in Fort Worth with Berkeley Capital Trust. Transwestern principal Sarah LanCarte repped the tenant.
***
Action Gypsum Supply signed a new 30k SF industrial lease at 1005 Blue Mound in Fort Worth. Transwestern’s Sarah LanCarte repped the landlord, Hilzer Family Trust.
***
GRUMA Corp signed a new 16k SF industrial lease at 1806-1810 Mony St in Fort Worth with Hulen Park Associates. Transwestern’s Todd Hawpe and Jeff Givens repped the landlord.
***
Ekostar signed a new 11k SF industrial lease at 1926 North Great Southwest Pkwy in Grand Prairie. Transwestern’s Joe Rudd repped the landlord Jerry T. Ridnour DBA The Ridnour Co.
***
The Blum Firm extended its 11k SF office lease at 777 Main St in Fort Worth with F7 SSSM LLC. Transwestern’s Whit Kelly and Kelly Whaley repped the landlord.
***
Kingdom Resources leased 9k SF of office space in Freeport Corporate Center at 8650 Freeport Pkwy South in Irving. Bradford’s Kevin Brookmole repped the tenant. Geoff Shelton and Marshall Mays of Holt Lunsford Commercial repped the landlord, Slate Freeport Holdings.
