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This Week's Dallas-Fort Worth Deal Sheet

The Statler was inducted as the 300th hotel of the Historic Hotels of America. The redesign of the Statler, perhaps the most talked about of the redeveloped hotels in Dallas, was headed by Merriman Anderson/Architects. 

The Statler
The Statler

The redesign was completed last year, and it now encompasses 33K SF with 159 rooms, 219 residences and five retail/restaurant spaces. 

“We are proud to help restore this historic and iconic hotel for the residents and visitors of Dallas and are thrilled to see it receive this recognition,” Merriman Anderson Architects President and founder Jerry Merriman said. “The Statler once again provides a mid-century design and a luxurious experience to all who engage within.”

Historic Hotels of America is the official program of the National Trust for Historic Preservation recognizing and celebrating excellence in historic hotels. Hotels must be at least 50 years old, designated as a National Historic Landmark or eligible for the National Register of Historic Places and have historic significance to be nominated/selected for membership in the program.

The Statler is part of the Hilton Curio Collection and is owned by Centurion American Development Group.

The developer of The Statler, Mehrdad Moayedi, is speaking at Bisnow's Dallas State of the Market May 8.

EXECS

Cassin & Cassin hired attorney Grace Getman. She is based in Dallas and focuses her practice on multifamily financing and affordable housing. Getman received her Juris Doctorate from Texas A&M University School of Law.

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Encore Wealth Management made George Kushner executive vice president. Kushner has 20 years of industry experience and has worked with BlackRock, Willis Investment Counsel, Man, Permal and Merrill Lynch’s Hedge Fund Development & Management Division prior to joining Encore Wealth Management.

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Westmount Realty Capital hired Dianna Hartwell as director of due diligence. Hartwell will oversee closings for industrial, multifamily and office acquisitions. Prior to joining Westmount, Hartwell spent 20 years managing CRE transactions for Goldman Sachs and its subsidiary Archon Group.

SALES

An undisclosed local buyer purchased Town Place and Castle Place, a 116-unit apartment portfolio in Dallas, from an undisclosed local private investor. Marcus & Millichap’s Al Silva and Ford Braly represented the seller.

The lobby of Saint Ann Court in Harwood
The lobby of Saint Ann Court in Harwood

LEASES

BCG renewed its 70K SF lease at Harwood No. 6-Saint Ann Court. CBRE’s Harlan Davis, Neal Puckett and Phil Puckett represented the tenant. Harwood’s Hannah Waidmann and Kelly Whaley represented Harwood.

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Extreme Wholesale Inc. leased 10K SF from Signature Imaging Corp. at 1700 Surveyor Blvd. in Carrollton. Mercer Co.’s David Wilganowski represented the tenant. 

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Mosley Basketball dba PickUP USA Fitness leased 17K SF of industrial flex space in Sandy Lake Business Center, 989 West Sandy Lake Road in Coppell. Bradford Commercial Real Estate Services’ Erik Blais represented the landlord, H2C Enterprises Inc. Colliers’ Allyson Yost and Cole Hooper represented the tenant.

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AM Linen Service dba Linen Rental leased 13K SF at 2623 Brenner Drive in Dallas from Knopf Family L.P. Mercer Co.’s Keenan Cook represented both the tenant and the landlord.