Trademark To Add Multifamily To Fort Worth Mixed-Use Project: The DFW Deal Sheet
Trademark Property Co. will continue work on a Fort Worth mixed-use project it started in 2016.
Trademark Property Co. broke ground on the 321-unit Westbend Residences development in Fort Worth’s University District. It marks the second phase of the Westbend mixed-use project that features 281K SF of office and retail space.
Trademark redeveloped the initial phase in 2016 and expects to deliver the multifamily portion in the first quarter of 2027. The development’s office and retail spaces are currently 100% leased.
“Expanding our mix of uses at Westbend allows us to create a walkable neighborhood where residential, office, retail and public spaces come together to form a true mixed-use community,” Trademark founder and CEO Terry Montesi said in a statement.
Located on more than three acres along the Trinity Trails, Westbend Residences will offer direct access to Texas Christian University as well as retail and dining options. The seven-story community will also feature a ground-floor restaurant space.
SALES
Jason Hiley of Hiley Automotive Group purchased Lakeside Chevrolet in Rockwall from Carol Grady, Michael Grady and Bob Holliman. The dealership will be renamed Hiley Chevrolet but will remain at 2005 S. Goliad St. Performance Brokerage Services’ Eric Scott and Paul Kechnie were the seller advisers for the transaction.
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Archway Equities purchased the 373-unit Infinity on the Mark multifamily development near the intersection of Interstate 635 and U.S. Highway 75 in North Dallas. Marcus & Millichap’s Wes Racht, Nick Fluellen and Bard Hoover represented the undisclosed California-based seller in the deal and procured the buyer. They worked in conjunction with Drew Kile, Taylor Hill, Joey Tumminello, Michael Ware and William Hubbard from Marcus & Millichap’s institutional property advisers division.
CONSTRUCTION AND DEVELOPMENT
GTIS Partners LP will develop the approximately 442K SF Remington 30 cross-dock facility on a newly acquired 26-acre site in the Great Southwest submarket. The site is located within a designated qualified opportunity zone and capitalized by GTIS Opportunity Zone Fund I, a $630M investment fund raised by the company to develop in undercapitalized areas.
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Toll Brothers opened its residential community The Ranch at Uptown Celina. The 150-acre development is located within the Uptown Celina master-planned community in Celina.
PEOPLE
Partner Valuation Advisors added James Graber as senior managing director. He is based in Dallas and will support the entire South Central region. Graber brings experience in commercial real estate valuation, strategic growth and operational leadership from his past senior roles at BBG Real Estate Services and CBRE.
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Hospitality industry provider Pure Wellness named Casie Squires its new director of sales. Squires will focus on expanding the company’s presence in both medical and healthcare-adjacent hotel markets, strengthening existing partnerships and supporting revenue growth across the Dallas-based company’s portfolio.
Squires has more than six years of hospitality and travel industry sales experience and was previously business development manager for North America at Saber Corp.
THIS AND THAT
Garfield Asset Management announced plans to expand its hotel asset management platform to between 10 and 15 third-party owners of full-service hotels over the next three to five years.
Services offered by the affiliate of Garfield Public/Private LLC include financial review assistance, budget preparation, performance benchmarking and facility inspections. Senior Vice President of Asset Management Walter Peseski leads Garfield Asset Management.
