UT Dallas Picks Up 151K SF Vacant Office Building: The DFW Deal Sheet
A major Dallas university just grabbed a 31-year-old vacant office building steps from its main campus to help meet its expansion needs.
The University of Texas at Dallas purchased the more than 151K SF space in order to expand its infrastructure to keep up with the school’s growing enrollment.
The five-story building is on more than 5 acres at 17787 Waterview Parkway in Dallas.
“This Waterview property will help support additional university academic and operational needs,” Avison Young Senior Vice President Bruce Butler said in a statement. “UT Dallas intends to occupy the entire property after necessary modifications are completed.”
Built in 1994, the property features large floor plates and 477 parking spaces. It is located near State Highway 190 to the north and Highway 75 to the east.
Avison Young’s Butler, Susan Gwin Burks and John Bowles represented the seller, CFT NV Developments, the property business of the family that owns the Panda Express restaurant chain. The buyer was the Board of Regents of the University of Texas System.
SALES
Marcus & Millichap arranged the sale of the 119-room Cambria hotel at 3605 Shire Blvd. in Richardson. Marcus & Millichap’s Chris Gomes marketed the property, which opened in 2019, on behalf of the undisclosed seller and procured the buyer.
LEASES
Fort signed an undisclosed tenant to a nearly 64K SF lease at its property at 2020 E. Fourth St. in Fort Worth. Fort was represented in the deal by Todd Hubbard of NAI Robert Lynn.
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Trademark Property Co. signed Pottery Barn and West Elm to fill more than 22K SF at the Westbend mixed-use development on Fort Worth’s University Drive. The two home furnishing brands, which are owned by Williams-Sonoma, will fill the retail center’s former Market by Macy’s store and bring Westbend to 100% leased. The stores are scheduled to open in May 2026.
PEOPLE
Uptown Dallas Inc. hired Kelem Butts as the organization’s new executive director. Butts brings extensive corporate and nonprofit expertise to the role and has been an Uptown Dallas resident for 24 years.
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Duchess, the signature restaurant at The Nobleman Hotel in Fort Worth, named Marcus Kopplin its new executive chef. Kopplin will collaborate with consultant Chef Casey Thompson on a modern Texas menu for the restaurant.
THIS AND THAT
Crow Holdings completed a recapitalization of a 6M SF industrial portfolio that included 16 buildings of nearly 4.5M SF in the Dallas-Fort Worth area. Blackstone Real Estate acquired a 95% stake in the portfolio, which also includes 11 other buildings in Houston and Chicago.
The DFW properties included in the deal were the 11-building Wildlife Commerce Park in Grand Prairie and the five-building Core35 I, II and III in Dallas. Blackstone announced the deal in April, when it said it was paying $718M for the majority stake.
Newmark’s Dom Espinosa, Jack Fraker, Dustin Volz and Kevin Donner advised Crow Holdings in the transaction, while the company’s Adam Spies, Marcella Fasulo and Josh King also supported negotiations. Fried Frank was legal counsel for Crow Holdings.
