Bradford Cos. plans to invest $9.6M renovating a partially vacant office building it acquired in Far North Dallas.
Bent Tree Green, a 140K SF, three-story property at 17300 North Dallas Parkway, was 60% leased at the time of sale. The purchase effectively closes out the firm’s third opportunity fund, according to a news release.
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“Our reputation for closing deals made us stand out in the best-and-final round,” Bradford President and CEO Kevin Santaularia said in a statement. “Bent Tree Green offered the type of opportunity we continually seek in terms of acquisition basis and value-add creation through modernization, management and leasing.”
Richmond Collinsworth, senior vice president and managing partner at Bradford, represented the buyer of record, Bradford BTG Partners. JLL marketed the asset on behalf of its longtime owner, Silver Star Properties of Houston.
PEOPLE
Ann Jaggars joined Cushman & Wakefield as director in the Global Data Center Advisory Group. Jaggars will work with Executive Managing Directors Bo Bond and Ali Greenwood on the DFW data centers team. She joins the firm from KBC Advisors, where she specialized in industrial leasing, development and acquisitions as well as land sales.
LEASES
Cushman & Wakefield represented VariSpace in leasing 41K SF at its Southlake location to an unnamed technology company. VariSpace, a shared workplace venture by Vari, also has DFW locations in Coppell and Las Colinas.
SALES
GREA facilitated the sale of Sawyers Mill, a 133-unit multifamily property at 501 Fuller St. in Arlington. The undisclosed new owners plan to enhance the community by addressing deferred maintenance and introducing additional amenities.
CONSTRUCTION AND DEVELOPMENT
The city of Arlington approved Trademark Property Co.’s request to rezone Lincoln Square, a 45-acre shopping center at the southwest corner of Collins Street and Interstate 30. The decision paves the way for Trademark to redevelop the center into Anthem, a mixed-use development that includes office, retail, hotel, entertainment and residential. The firm anticipates that 229K SF of the existing center will be demolished, 243K SF of legacy space will remain and 65K SF will undergo renovations. Demolition is slated to begin in the second quarter of 2025.
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