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This Week's Dallas-Fort Worth Deal Sheet

Gartner Inc. signed a 152K SF long-term, full-building lease at 6011 Connection Drive in Las Colinas with Piedmont Office Realty Trust. 

6011 Connection Drive
6011 Connection Drive

Cushman & Wakefield’s Andy May, Randy Cooper, Matt Heidelbaugh and Amber Roberts represented the tenant. Peloton Commercial Real Estate’s Joel Pustmueller and Sarah Hinkley, along with Piedmont’s Joe Pangburn and Damian Miller, represented the owner. 

“Completing a new lease of this size speaks to the quality and attributes of our property, as well as the demand for the amenity-rich Las Colinas submarket,” said Pangburn, a Piedmont executive vice president, in a statement.

Cooper, a Cushman & Wakefield vice chairman, cited Las Colinas' amenity expansion, multifamily growth and infrastructure development as primary drivers for the increased interest in the Las Colinas office submarket. 

Gartner has leased 6011 Connection Drive through 2034.

EXECS

Moss Construction hired Robert Hodges as vice president to spearhead its relocation from El Paso to Dallas-Fort Worth. The new Moss office will be a 10K SF space at 6950 TPC Drive in McKinney. Hodges has been in the industry for more than three decades and will oversee/secure business opportunities in Moss’ multifamily, hospitality, office and mixed-use sectors.

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Pacific Medical Buildings hired Ken Henry as senior vice president to help establish its new Dallas office. Henry has more than 15 years of experience in healthcare. Prior to joining PMB, Henry was the vice president of healthcare development for Lendlease.

4651 Custer Road
4651 South Custer Road

SALES

GFI Capital Resources Group purchased Venue Craig Ranch at 4651 South Custer Road, a 277-unit multifamily property in McKinney within the Craig Ranch development.

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CJM2 Properties purchased the 11K SF property at 1260 Shiloh Road in Plano from Stratosphere Motion. Mercer Co.’s David Wilganowski represented the buyer, and Duggan Realty’s LJ Erickson represented the seller. 

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Reserve Capital Partners, along with Trinity Private Equity Group, purchased the 232K SF Class-A Dallas office building, Hidden Grove at 12404 Park Central, from Red River Asset Management. CBRE’s John Alvarado, Gary Carr, Eric Mackey, Evan Stone, Jared Chua and Robert Hill represented the seller. Transwestern’s Nora Hogan represented the buyer.

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Americo-Story L.P. purchased the 65K SF Story Road Business Center at 3010 West Story Road in Walnut Hill Business Park in Las Colinas from 3100 Emery LLC. NAI Robert Lynn's Jim Hancock represented the buyer.

LEASES

Mercer Co. logged three new DFW leases totaling 22K SF.

  • Sign Assign leased 8K SF at 702 Shepherd Drive in Garland from Eminent International Enterprises. Mercer Co.’s David Wilganowski represented the tenant. TIG’s Matt Spellman represented the landlord.
  • LS Logistics leased 7K SF at 751 Port America Place No. 425 in Grapevine from Stockbridge Port America L.P. Mercer Co.’s Turner Petersen represented the tenant. Lincoln Property Co.’s Gil Stroube represented the landlord.
  • Fastenal Co. leased 7K SF at 10480 Shady Trail No. 104 in Dallas from CAM Investment 351. Mercer Co.’s Corby Hodgkiss and Keenan Cook represented the tenant. Lincoln Property Co.’s Greg Morris represented the landlord. 

DEVELOPMENT

Jack DeBoer’s third WaterWalk, a two-building, 153-room hybrid hotel and multifamily development, broke ground in Richardson at 2210 North Glenville Drive with sponsorship from MBC Partners. The property is set to open in November 2018. 

THIS AND THAT

Varidesk CEO Jason McCann and Chairman Dan Flaherty, co-founders of the Coppell-based company, won the emerging category of Ernst & Young’s 2017 Entrepreneur Of The Year awards. The award is given to outstanding entrepreneurs at companies between two and five years old who demonstrate excellence in innovation, financial performance and personal commitment to their businesses and communities.