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This Week's Dallas-Fort Worth Deal Sheet

HFF secured a $20M refinancing for a portfolio of eight Walmart shadow-anchored retail strip centers totaling 172K SF in various Texas cities. HFF worked on behalf of the borrower, N3 Real Estate, to place the three-year, floating-rate, non-recourse loan with two one-year extension options with Southside Bank.

HFF secured a $20M refinancing for a portfolio of eight Walmart shadow-anchored retail strip centers totaling 172K SF in various Texas cities. HFF worked on behalf of the borrower, N3 Real Estate, to place the three-year, floating-rate, non-recourse loan with two one-year extension options with Southside Bank.
 
The DFW properties include Hudson Oaks Corners Shopping Center at 200 South Oakridge Drive in Hudson Oaks and Ovilla Corners Shopping Center at 109 East Ovilla Road in Red Oak.
Ovilla Corners Shopping Center at 109 East Ovilla Road in Red Oak

The DFW properties include Hudson Oaks Corners Shopping Center at 200 South Oakridge Drive in Hudson Oaks and Ovilla Corners Shopping Center at 109 East Ovilla Road in Red Oak.

EXECS

James Selmser joined AECOM as the Texas healthcare program director. Selmser has 21 years of experience in construction management and business development.

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Oaxaca Interests appointed Ryan Monteiro chief operating officer and Tisha Vaidya director of acquisitions.

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JLL hired new team members in its national property tax practice. Dan Leonard and Debbie Moore joined as vice presidents in the Dallas office. 

SALES

Local ownership bought The Bristols apartments in Hurst with a non-recourse agency loan. Old Capital arranged the 80% loan-to-cost 12-year loan with three years of interest only for the 94-unit property.

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Local ownership purchased the 108-unit Carlton Apartments in Fort Worth with non-recourse agency debt. Old Capital arranged the 80% loan-to-value 12-year loan with 30-year amortization and one-year interest only. 

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Local ownership purchased Villa Encanto apartments, a 72-unit complex in Dallas, with a regional bank loan. Old Capital arranged the bridge loan with one-year interest only and no prepayment penalty. 

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NBS Corp. bought the 23K SF property at 1121 Fountain Parkway in Dallas. Mercer Co.’s Corby Hodgkiss represented the seller, Cleod9 Investments.

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Vision Commercial’s Roger Smeltzer and Michael Gonzalez, and Structure Commercial’s Troy Morgan, completed sale negotiations for 3295 South Cooper St. in Arlington. The 28K SF, value-add shopping center has 56% occupancy with Arlington Urgent Care and Arlington Nephrology as anchor tenants.

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HFF arranged $18M in post-acquisition financing for Creekwalk Village, a 174K SF fully leased retail center in Plano. HFF worked on behalf of the borrower, an entity controlled by Sterling Organization, to place the loan with Southside Bank.

LEASES

American Fidelity Assurance named JLL the leasing assignment for its recently acquired Las Colinas asset Plaza one61. The four-story, Class-A property, formerly known as Granite Plaza, is at 7301 N. State Highway 161 in Irving.
Plaza one61 in Las Colinas

American Fidelity Assurance named JLL the leasing assignment for its recently acquired Las Colinas asset Plaza one61. The four-story, Class-A property, formerly known as Granite Plaza, is at 7301 North State Highway 161 in Irving.

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BG Staffing leased 9K SF at Quorum Place at 14901 Quorum Drive in Addison. Citadel Partners’ Mac Morse and Taylor Dickerson represented the tenant. Stream’s Ryan Evanich and Chase Lopez represented the landlord. 

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Law Firm of Aaron A. Herbert P.C. expanded into an additional 6K SF at 8330 Lyndon B. Johnson Freeway in Dallas. This is the firm’s second expansion in the last six months. Boxer’s Alexander Renwick represented Boxer Property during negotiations with The Michael Group Real Estate’s Alex Hwang, who represented the tenant.

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Colliers International signed two leases for GL Corporate Pointe L.P.

  • Caliber Collision expanded its headquarters by 8K SF to 48K SF at Corporate Point at 401 East Corporate Drive in Lewisville. JLL’s Andrew Taguwa represented Caliber Collision.
  • BayMark Health Services moved from its headquarters at 401 East Corporate Drive to 1720 Lakepoint in Lewisville. BayMark expanded from its former space of 10K SF to 18K SF. CBRE’s Jeff Eiting represented BayMark.

Colliers’ Michael Bowles and Colin Merritt represented GL Corporate Pointe in both leases.

Related Topics: Deal Sheet, The Deal Sheet