This Week's Dallas-Fort Worth Deal Sheet
Boxer Property concluded a multi-year expansion and renewal negotiation with TriDigital at 101 East Park Blvd. in Plano.
TriDigital now occupies 12K SF. Boxer’s Julieann Chism and Gloria Medlock repped the tenant, a Dallas-based IT marketing firm.
EXECS
Aecom named Steven Janeway as regional design director in the Dallas office for the firm’s buildings and places practice for the Gulf Southwest area, which includes Arizona, Arkansas, Colorado, Louisiana, Mississippi, New Mexico, Oklahoma, Texas and Utah.
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Dallas architecture firm th + a hired Ben Keyworth as a senior associate and healthcare practice leader, David Lee as senior project manager and Raquel Guerra as project manager.
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Colliers International hired Ross Longo as senior vice president in its growing industrial practice group. Longo will advise retailers and wholesale distributors on supply chain solutions.
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Flagship Capital Partners hired Brandon Schubert as director of investments overseeing the DFW market.
SALES
CBRE Capital Markets sold Estrada Apartments, a 244-unit, affordable housing community in Carrollton. Estrada EP purchased the asset from Irving-based VTP Realty for an undisclosed price in an off-market transaction. CBRE’s Chris Deuillet repped the seller.
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Frontier Equity and Silverado Interests acquired the Brookhollow Portfolio, a two-property, 391K SF industrial portfolio in Dallas. The portfolio consists of Quaker Court, a two-building, 205K SF project, and 7601 Ambassador Row, a 185K SF building. The portfolio is 100% leased to nine tenants.
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JLL sold 3700 Hulen St. in Fort Worth on behalf of Chemical Management Co. The five-building complex was purchased by 3700 Hulen. JLL managing director Pat McDowell and vice president Matt Montague led the sales team.
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KW Commercial’s David Tuttle sold a 6K SF office building at 3115 Erie St. in Fort Worth. Tuttle repped the seller, Wavelight Studios. The undisclosed buyer was repped by Theron Bryant with Coldwell Banker Commercial Advisors.
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Marcus & Millichap sold Forest Hills Strip Mall, a 14K SF retail property at 6609 Forest Hill Drive in Fort Worth. Marcus & Millichap’s Vincent Knipp and Joseph Murry marketed the property on behalf of the seller, a private investor. The asset is 100% leased.
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Jag CA Re-Development purchased a 31-unit apartment building at 9720 Starlight Road in Dallas. Troy Morgan of Structure Commercial repped the seller, and CBRE’s Chris Deuillet repped the buyer.
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Shoquist Investments IV purchased an 18K SF shopping center at 1500 West Hebron Parkway in Carrollton. Structure Commercial's Troy Morgan negotiated the sale.
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A local ownership group acquired the 85-unit Northridge Court Apartments in Cleburne with non-recourse agency debt. Old Capital arranged the assumption and supplemental loan.
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A local ownership group acquired the 143-unit Villas de la Colonia in Carrollton with a non-recourse Fannie Mae loan. Old Capital arranged the 75% loan-to-cost assumption and supplemental.
LEASES
Sirius XM Connected Vehicle Services extended its lease and expanded to 43K SF, adding 7K SF of office space in Freeport Corporate Center at 8650 Freeport Parkway South in Irving. Bradford Commercial’s Kevin Brookmole repped the landlord, Slate Freeport Holdings. Savills Studley’s Kelly Winn repped the tenant.
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Eco Mobile Solutions leased 12K SF of industrial space in Valwood 7 at 2025 McKenzie Drive in Carrollton. Bradford Commercial’s Clint Manning and Alejandro Rojas repped the tenant. Mark Graybill of Lee & Associates repped the landlord, FR Massachusetts 7.
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Elite Arms and Supply leased 7K SF of retail space at 13960 North Stemmons Freeway in Dallas. Structure Commercial's Don Wass negotiated the lease.
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Pure Flow leased 14K SF at 3080 West Story Road in Irving from OnAsset Intelligence. NAI Robert Lynn’s Todd Hubbard repped the tenant. Mercer’s Turner Petersen and Keenan Cook repped the landlord.
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Ascension’s newest location at Thanksgiving Tower in Downtown Dallas is now open. CBRE’s Amy MacLaren repped the landlord, Woods Capital Management. CBRE’s Jack Gosnell and Elizabeth Herman repped Ascension.
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In the Sack leased 7K SF of retail space in the Sanger Building at 415 Throckmorton St. in Fort Worth from Sundance Plaza Properties. Coldwell Banker Commercial Advisors DFW’s Judy Nitzinger repped the tenant. Robert Gamblin of Sundance Square repped the landlord.
DEVELOPMENT
Construction started on the new $91M Delta Hotels by Marriott Dallas Allen and Watters Creek Convention Center in Allen. The project is expected to take 18 months and will be the largest conference center along the U.S. 75 corridor between Dallas and Oklahoma.
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Daymark Living will break ground on its first Daymark Living neighborhood, a residential community at 818 Cantrell St. in Waxahachie that was conceived, designed and built for people with intellectual and developmental delays.
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Canyon Falls’ 7K SF amenity center, Canyon Falls Club, recently opened within the 1,200-acre master planned community in Flower Mound.
FINANCING
A local ownership group refinanced the 104-unit Casa Bonita Apartments in Dallas with a local bank. Old Capital arranged the 90% loan-to-cost cash out refinance.
