This Week's Dallas-Fort Worth Deal Sheet: Entertainment Attraction Sets Opening Date In The Colony

Fritz’s Adventure will bring more than 100K SF of family entertainment to the Grandscape mixed-use development in The Colony in early April.

The brand's new space at Grandscape will be its first expansion beyond its original location in Branson, Missouri, which opened in 2016. 

Fritz’s Adventure will feature a zipline course through the interior and exterior of the building, a multilevel ropes course, a climbable city wall, treehouses, slides and underground tunnels.

The facility will also offer a café serving sandwiches, pizza, coffee, smoothies, beer and wine. 

Before officially opening to the public on April 2, Fritz’s Adventure will host a sneak peek on March 29 from 6-9 p.m.

PEOPLE

Westmount Realty Capital added Deuce Robertson II as senior legal counsel and managing director of transactions. With more than a decade of experience in real estate law, corporate structuring and contract negotiation, Robertson will support Westmount’s opportunistic investment strategy and asset management. Robertson was previously senior vice president of real estate and contract law at Southern Glazer’s Wine and Spirits LLC.

SALES

CCG Valwood LP sold a more than 22K SF industrial project on an acre at 1208-1216 Tappan Circle in Carrollton to MVVP Tappan LLC. Bradford Commercial Real Estate Services’ Richmond Collinsworth represented the seller in the direct deal.

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M2G Ventures acquired the 14-building Inwood Design Center at 1110 Inwood Road in Dallas. Spread across a 38-acre site, the 740K SF project is a light industrial, showroom and retail park near Interstate 35. The Inwood Design Center was 93% leased at the time of the deal.

Project improvements include a complete repositioning, with an emphasis on branding, art and signage. Upgraded building exteriors and storefronts, enhanced parking, landscaping upgrades and enhanced lighting are also in the works. Shop Cos.’ Jake Sherrington and Victoria Pappas will lease the retail and showroom component of the property, while Holt Lunsford’s Canon Shoults and Maddy Coffman will lease the industrial component.

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The Georgetown Co. purchased the 63-acre mixed-use Waterside community and retail center in southwest Fort Worth from Trademark Property Co. Waterside features more than 157K SF of retail space and was 98% leased at the time of the deal. JLL Capital Markets’ Chris Gerard, Barry Brown, Erin Lazarus and Andrew Griffin represented Trademark.

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Dallas-based CanTex Capital purchased a 230K SF manufacturing facility in Fort Worth at 7901 South Freeway. CanTex plans to implement a capital improvement plan that includes painting the exterior, refreshing office spaces, renovating all restrooms, adding LED lighting and improving the land to accommodate outside storage. CanTex plans to complete the capital improvements before Q2. NAI Robert Lynn’s Todd Hubbard represented CanTex.

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BH Properties purchased the 374K SF Legacy R&D business park in Plano. The seven-building business campus is on a 40-acre site at 6400-6700 Pinecrest Drive and 5212-5220 Tennyson Parkway.

Legacy R&D was 58% leased at the time of the deal. Eastdil Secured’s Elizabeth Malone and K.C. Scheipe represented the seller, while BH Properties’ Scott Henry represented the buyer. Stream Realty’s Chase Lopez, James Mantzuranis and Sam Bass will oversee leasing. 

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CenterPoint Hospitality purchased the 96-room Homewood Suites by Hilton Dallas-Lewisville hotel at 700 Hebron Parkway in Lewisville from Brandy Lodging LLC. The three-story hotel was built in 1995 and renovated in 2008. Amenities include two meeting spaces, an outdoor pool and a fitness center.

Marcus & Millichap’s Chris Gomes and Skyler Cooper marketed the property on behalf of the seller and procured the buyer with support from Allan Miller of the Miller-Gomes Hotel Group of Marcus & Millichap. 

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Younger Partners’ Andrew Boster brokered the sale of 54 acres at 9646 Thompson Road in Alvarado for future development. Boster represented the buyer and seller.

LEASES

Granite Properties and joint venture equity partner Highwoods Properties announced that Lockton signed a 53K SF lease for two floors at Granite Park 6 in Plano. Lockton will nearly double its office space when the company moves in 2026.

Lockton was represented by Cushman & Wakefield’s Mike Mayer and Josh Goldsmith and Stream Realty Partners’ Dan Harris and Randy Cooper. Granite was represented by its in-house leasing team of Robert Jimenez, Burson Holman and Elizabeth Fortado.  

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Seyfarth Shaw renewed and expanded to just over 18K SF at KPMG Plaza in Dallas. Stream Realty Partners’ J.J. Leonard, Matthew Wieser and Marissa Parkin represented the landlord, while Cushman & Wakefield’s Ryan Hoopes and Tom Sutherland represented the tenant. 

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Vizio Services renewed and expanded to nearly 54K SF at Quorum Place in Addison. Stream Realty Partners’ Chase Lopez and Patrick Cruz represented the landlord, while Ross Longo of Longo Commercial Advisors represented the tenant. 

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Smile Doctors leased more than 24K SF at Pinnacle Tower in Dallas. Stream Realty Partners’ J.J. Leonard, Chase Lopez and Marissa Parkin represented the landlord, while Medical Space Advisors’ Mady McFarland represented the tenant.

CONSTRUCTION AND DEVELOPMENT

The Texas Rangers and The Cordish Cos. celebrated the grand opening of the One Rangers Way residential community in the Arlington Entertainment District. The 300-unit community offers more than 43K SF of interior and exterior amenity space, including a resort-style outdoor pool with views of AT&T Stadium, a private event entertainment room, an upscale residential bar and game lounge, and a 2K SF fitness center.

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KAI completed the Student Engagement Center on Dallas College’s Cedar Valley Campus in Lancaster. The multifunctional facility was designed by KAI in collaboration with Dallas College and offers classrooms, an e-learning/gaming suite, a multipurpose room and outdoor learning space. Dallas College spent $24.4M on the project. In addition to architecture, KAI provided programming, interior design, mechanical, electrical and plumbing engineering, and construction administration services for the 50K SF facility.

FINANCING

PGIM Real Estate provided a $58M fixed-rate loan on behalf of its core debt strategy for the acquisition of Alliance Center North, an industrial property at 14901 N. Beach St. in Fort Worth. The 6.5-year, fixed-rate loan was provided to an affiliate of Tishman Realty. The property is more than 1.1M SF and fully leased to LG Electronics. PGIM Real Estate’s Tom Goodsite led the financing.

THIS AND THAT

Origin Investments announced that its first Delaware Statutory Trust acquisition, the 300-unit Starling multifamily community in Dallas, reached fully subscribed status.

Starling attracted nearly $40M in investments and more than 40 investors who used a 1031 exchange to step out of an actively managed investment vehicle. Completed in 2022, Starling consists of 11 three-story, garden-style residential buildings on a 12-acre site in Princeton. Starling was around 92% occupied at the time of the deal.