Contact Us
News

This Week's Dallas-Fort Worth Deal Sheet

Want to get a jump-start on upcoming deals? Meet the major Dallas-Fort Worth players at one of our upcoming events!

WinCo Foods’ 120th store, an 82K SF building, is opening in Carrolton at Trinity Valley Shopping Center. 

Trinity Valley WinCo
WinCo Foods at Trinity Valley

Weitzman’s Matt Luedtke and Byron Howard handle leasing for Trinity Valley under the direction of property manager Zoe Lopez. Venture Commercial’s Kevie Beard, McGregor Converse, Jonathan Cooper and Theo Thompson represented WinCo Foods LLC.

“This strong new anchor, sure to drive significant shopper traffic and loyalty, confirms the strength of this site at the intersection of two key thoroughfares in a densely populated trade area,” Weitzman Director of Asset Management Randy Stebbins said in a statement.

The nearly 300K SF center is slated for remodeling following the opening of WinCo. The update will include a redo of the center’s aesthetic presence, landscaping and the construction of additional parking. Remodeling of the 40-year-old property is slated to begin later this year.

The new WinCo will serve as Trinity Valley’s anchor. It will open on March 29.

EXECS

Fort Capital hired Patrick Pine as managing director, multifamily division, and Abby Osvog as director of marketing. Pine has been in the industry for almost a dozen years and most recently was vice president and regional asset manager for JPI’s western division in San Diego. 

***

McGough is launching its South Central regional office in Dallas at 4851 Lyndon B Johnson Freeway. Nate Wood, a 20-year company veteran, will serve as vice president and general manager of the Dallas office. Wood and his colleagues are in the process of building out the company’s Dallas-based team. The new office will formally open later this spring.

***

Phoenix American Hospitality hired Audrey Kamin as senior vice president of distribution and national accounts manager and hired Amy Kangleon as national accounts coordinator and internal wholesaler. Kamin has more than 20 years of experience and joined Phoenix from The Parking REIT Advisors. Kangleon has over 10 years of experience and also worked at Steadfast Cos., HSBC and UBS.

SALES

A California private investor sold Colleyville Square, a 22K SF office property at 6221 Colleyville Blvd. in Colleyville, to an undisclosed buyer. Marcus & Millichap’s Cody Payne and Ross Meisner represented the seller.

***

CJM2 Properties LLC purchased a 50K SF property at 1505 West Walnut Hill Lane in Irving from WREV Walnut Hill LLC. Mercer Co.’s Turner Petersen represented the buyer. Stan Johnson Co.’s David Clary represented the seller.

***

NKJV Entities LLC purchased 21K SF at 722-744 Ave. H East in Arlington from Farmer Bros. Co. Corby Hodgkiss of Mercer Co. represented the buyer. Cushman & Wakefield’s David Eseke represented the seller.

***

Richardson Tech Center
Richardson Tech Center

Hartman vREIT XXI Inc., a subsidiary of Hartman Income REIT Management Inc., purchased Richardson Tech Center, a four-building, multi-tenant portfolio with 97K SF in Richardson. JLL’s Zane Marcell and Dustin Volz represented the seller. Hartman Income REIT’s David Wheeler and Russell Turman represented the buyer, Hartman Richardson Tech Center LLC.

LEASES

Eggar Insurance Services Inc. subleased 10K SF from Insureon Holdings LLC in the Office Campus at Allen at 1101 Central Expressway in Allen. Bradford Commercial Real Estate Services’ Susan Singer and Jared Laake represented the sublessor. Engvest Commercial Realty LLC’s Calvin Wong represented the tenant.

***

NAI Robert Lynn completed three leases totaling 16K SF:

  • InfoVision Inc. leased 10K SF of office space at 800 East Campbell Road in Richardson. NAI Robert Lynn’s Kent Smith represented the tenant. Fobare Commercial’s Pat Hanahan and Rick Currey represented the landlord.
  • Lap Van Duong/Charlie Viet Vo leased 5K SF of retail space at 213 North Highway 67 in Cedar Hill. NAI Robert Lynn’s Tom Heraty represented the tenant.
  • Hiek Kim Phou leased 1K SF of retail space at 205 South Main St. in Red Oak. NAI Robert Lynn’s Tom Heraty represented the landlord.

FINANCING

Thackeray Partners closed its fifth private equity fund, Thackeray Partners Realty Fund V. The fund achieved $350M of limited partner equity commitments, above the target of $250M, and closed four months after fundraising began. The fund will provide the opportunity to invest in approximately $850M of property over the fund’s investment period.