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This Week's Dallas-Fort Worth Deal Sheet

Urban Land Institute has named the finalists of its 2018 North Texas Impact Awards, honoring excellent development and design.

Aerial rendering of Legacy West

A record 32 projects applied to this year's North Texas Impact Awards, and 12 were named finalists among the four categories. Here are the whittled-down contenders:

Influence Award

  • DFW Airport Commercial Development, submitted by DFW Airport
  • Factory 603, submitted by GFF Architects
  • Legacy West, submitted by Rogers-O’Brien Construction

Innovation Award

  • 400 Record St., submitted by Gensler
  • Boardwalk at Granite, submitted by Omniplan
  • Shake Shack at the Crescent, submitted by The Beck Group

Public Places Award

  • The Texas Sculpture Walk at Hall Arts, submitted by HALL Group
  • The Trailhead at Clearfork, submitted by Cassco Development Co.
  • A Tasteful Place at the Dallas Arboretum, submitted by Rogers-O’Brien Construction

The Next Big Idea Award

  • EpicCentral Grand Prairie, submitted by the city of Grand Prairie
  • Urban Commons, submitted by DSGN Associates
  • Smart Growth for Dallas, submitted by The Trust for Public Land

The judges also created a special award this year, Excellence in Execution and Sustainable Design to be given to Toyota's North American HQ, submitted by KDC.

Winners will be announced Oct. 25 at a gala.


Andre Bailey joined Pioneer Realty Capital as managing director over the commercial real estate lending business. He has 15 years of commercial real estate lending experience and has funded over $1B in CRE loans while with GE Capital, Cohen Financial and Zions Bank National Real Estate.


Dalton Vann joined CBRE’s Valuation & Advisory Services as a director and leader of the Right of Way/Eminent Domain specialty practice in Texas. He will develop and manage a team of right-of-way appraisal specialists in the region. The team has grown rapidly in the last 12 months and now is one of the largest right-of-way valuation firms in Texas, according to CBRE. Vann has more than 10 years of right of way experience and is on the board of the local International Right of Way Association chapter. He was previously with JLL and has worked at Integra Realty Resources DFW.


Haskell Flats

Fisch Properties purchased Haskell Flats, a 62-unit, Class-A multifamily community at 1500 North Haskell Ave. in Old East Dallas. CBRE’s Chris Deuillet, Chandler Sims, Nita Stewart and Jeremy Faltys represented the seller, Dallas-based Haskell Flats LLC.


GTIS Partners and Cortland Partners, through a new JV, purchased a multifamily property in Dallas and one in Orlando, Florida. The assets total more than 900 units in recently constructed Class-A garden-style apartment communities. The Dallas-area property is Cortland Waters Edge, at the intersection of Las Colinas, Irving and Farmers Branch. It was built in two phases between 2014 and 2016 and has 582 units in 22 three-story buildings.


Värde Partners and Texas-based real estate developers Craig Martin and David Blom teamed up to form development company Tellus Group, which in turn acquired Windsong Ranch, a 2,030-acre master-planned community in Prosper. Martin and Blom were the original developers of the project, which is building Texas’ first Crystal Lagoon. The seller was an affiliate of Terra Verde Group. Tellus Group will be looking for other residential investments.


213 Investments LLC purchased 8521 FM 850, a 121K SF industrial building in Tyler, for an undisclosed price from Legacy Measurement Solutions. Transwestern’s Randy Garrett and Landbridge Commercial Properties’ Brian Burks negotiated on behalf of the seller.


Sentinel Capital purchased a 37.65-acre tract in McKinney Industrial Park, at 1850 FM 546 next to McKinney National Airport. JLL’s Craig Phelps and Michael Haggar represented the seller, KONE.


Michaelson Real Estate Group, through a joint venture with a private equity firm based out of California, acquired three Dallas-area apartment communities. The assets are Corey Place Apartments (276 units), The Heights Apartments (79 units) and Brittney Place Apartments (169 units). Michaelson will have an undisclosed interest in the real estate and will provide property management and leasing services for the venture. 


Michaelson Real Estate Group and a private equity investor acquired Spanish Square Apartments, a 168-unit apartment community in Dallas at 2029 Dayton St. The property was built in 1968 and recently received $561K in interior renovations and $189K in exterior renovations.



LA Fitness negotiated deals for two locations in the Dallas area. Venture Commercial’s John Zikos and Jonathan Cooper represented LA Fitness with RealSource Partners in both deals. Zikos and Cooper have represented LA Fitness in the Dallas-Fort Worth, Austin and San Antonio markets for 15 years, handling more than 57 lease and sale transactions on its behalf.

  • LA Fitness leased 34K SF in Oak Cliff. It will be an additional anchor in Wynnewood Village, a 65-acre mixed-use development at the northwest corner of Illinois Avenue and Zang Boulevard. Venture’s Ben Hines and Mike Wilson represented the landlord, Brixmor Property Group.

  • LA Fitness purchased 5 acres for a build-to-suit at the northwest corner of State Highway 121 and Denton Tap Road in Coppell. Venture’s Amy Pjetrovic represented seller Legacy Gateway Ltd. LA Fitness will build a 37K SF asset there that will serve as a prototype. It will open by the end of the year.


PMRG’s Kurt Cherry and Shea Byers closed three deals for landlord American Realty Advisors at The Quadrangle, 2828 Routh St. in Dallas:

  • Chicago Title Insurance Co. renewed 16K SF, represented by Stream’s Tim Terrell.

  • Deaf Mule renewed 3,703 SF, represented by Days Real Estate’s Mike Day.

  • Ebby Halliday renewed 6,285 SF, represented by Jefflyn & Co.’s Jefflyn Williamson.


Graphic Solutions Group renewed 75K SF at 4601 Spring Valley Road in Farmers Branch. Mercer Co.’s Jeff Mercer negotiated the deal. The same tenant also leased 15K SF at 4425 Simonton Road in Farmers Branch. Mercer’s Jeff Mercer and David Wilganowski represented the tenant, and Holt Lunsford’s Andrew Gilbert represented landlord The Realty Associates Fund X.


TCE Interconnect leased 13K SF at 10990 Petal St. in Dallas. Holt Lunsford Commercial’s Josh Barnes and Ben Wallace represented the landlord, Rialto Capital. Troy Morgan of Structure Commercial represented the tenant.


PMRG’s Kurt Cherry and Shea Byers represented landlords in the following leases:

  • Shearer Supply leased 9K SF at Two Hickory, 1750 Valley View Lane in Dallas. Lee & Associates’ Ken Wesson and Mike Ebbitt represented the tenant. Capitol Commercial Investments owns the building.

  • United InvestexUSA dba New Western Acquisitions leased 2,265 SF at Tower 360, 1901 North State Highway 360 in Grand Prairie. Site Selection Group’s Jeff Patman represented the tenant, and PMRG represented landlord Capitol Commercial Investments.

  • Butler Aerospace Construction leased 5K SF at Ballpark Circle, 1401 Nolan Ryan Expressway in Arlington. The landlord is Lexington Realty Trust. There was no tenant broker.


Transwestern negotiated a number of industrial leases:

  • Better Home Products renewed and expanded its lease for 180K SF at Great Southwest Distribution Center, 600 109th St. in Arlington. Transwestern’s John Brewer represented the tenant.

  • L&W Supply leased 23K SF at 10539 Maybank Drive in Dallas. Transwestern’s John Waller and Timothy Veler represented the landlord, Bezet LLC.

  • Friedrich Air Conditioning Co. leased 21K SF at Prologis Stemmons 11, 151 Regal Row in Dallas. Transwestern’s Timothy Veler and Emily Rankin represented the landlord, Prologis. Ken Boyd of Jackson Cooksey represented the tenant.

  • Lamar Outdoor renewed its lease for 20K SF at Arlington Business Park, 625-629 109th St. in Arlington. Transwestern’s John Brewer represented the landlord, and Mohr Partners’ Matt Burton represented the tenant.

  • Protective Packaging renewed its lease for 18K SF of industrial space at Valwest I, 1746 West Crosby Road in Carrollton. Transwestern’s John Fulton and Brett Owens represented the landlord. Cushman & Wakefield’s Chris Hillman and David Eseke represented the tenant.

  • Dobinsky Wholesale LLC leased 13K SF at Plano Business Park, 3701 East Plano Parkway in Plano. Transwestern’s Joe Whitmer and Emily Rankin represented the landlord, Liberty Property Trust.


Transwestern negotiated the following office leases:

  • O-I Packaging Solutions renewed 16K SF at Tollway North Office Park, 5208 Tennyson Parkway in Plano. Transwestern’s Justin Miller and Kim Brooks represented the landlord, KBS Realty Advisors. Avison Young’s Greg Langston represented the tenant.

  • Silver Creek renewed its lease for 14K SF at MacArthur Plaza, 5525 North MacArthur Blvd. in Irving. Transwestern’s Matt Hurlbut and Nathan Durham represented the landlord, Brookwood Financial, and Jackson Cooksey’s John Beach represented the tenant.

  • TF Holdings Inc. signed a new lease for 13K SF at One Panorama Center, 7701 Las Colinas Ridge in Irving. Transwestern’s Duane Henley and Nathan Durham negotiated the transaction for both the landlord, RM Panorama LLLP, and the tenant.


Rendering of The Dylan in Fort Worth

Realty Capital Management and ArchCo Residential broke ground on The Dylan, a Class-A mixed-use community in Fort Worth. The development will have 227 multifamily units and 12K SF of ground-floor commercial space on approximately 9 acres. Dougherty Mortgage provided the $31.8M construction loan, and the U.S. Department of Housing and Urban Development is insuring the loan under its 221(d)(4) program. Equity for the project was provided by private investors in the U.S., Europe and the Middle East.


Abode Properties, a subsidiary of Transcontinental Realty Investors, began leasing Terra Lago, a Class-A, 451-unit multifamily property in Rowlett. Residents can begin moving in over the next several weeks.


Hill & Wilkinson General Contractors completed construction on Fourteen555, a 240K SF, Class-A office building at 14555 Dallas Parkway in Addison. It is the first of two planned office buildings at the location and was built tilt-wall. A full-service restaurant, a fitness center, a rooftop terrace and a courtyard area are housed in a separate three-story building called The Hub. Fourteen555, developed by Cawley Partners and designed by BOKA Powell, is already 50% leased.


Dallas-based MYCON General Contractors has acquired Pavlovich Construction Services of Grapevine.

“This acquisition gives us additional management depth and market reach in the industrial, office and retail interiors, food processing and manufacturing sectors,” MYCON CEO Charles Myers said in a statement.

Principals of Pavlovich will join MYCON, including Roger Pavlovich as vice president and Justin Swaim as project director.


RealPage has agreed to acquire substantially all of the assets of LeaseLabs, a provider of digital marketing services and software to approximately 800,000 units in the multifamily housing industry. The acquisition will add marketing analytic services, creative content design, direct marketing through social media channels, reputation management and geotargeting solutions to RealPage.