Deal Ticker: DFW’s Top Leases, Sales, and New Projects

Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected].

PERMITS

A permit has been filed to build a tenant fit-out of an existing 1.044 million square foot warehouse—reportedly for Amazon—at Southlink Logistics Center, which was built by Houston-based developer Hines. Located at 4700 Cleveland Road in Dallas, the estimated $41,652,000 million is expected to finish August 2020. Stantec Architecture is the listed design firm. Amazon filed a building permit with the city of Dallas for the space earlier this month.

Cawley Partners has filed an $18 million construction permit to build a four-story, 120,000 office building named Parkwood Office Building behind Delta Blues Smokehouse, in the 3900 block of Dallas Parkway in Plano. Construction is expected to begin in October and end in August 2021. Gensler is the listed architect.

A permit has been filed to renovate the interior of IBM Global Solution Center, 1177 S. Belt Line Road. The $12 million renovation is expected to begin in August and end February 2022. Gensler will lead the design.

A permit has been filed to build a 57,154 square foot warehouse at 1735 West Crosby Road in Carrollton. Construction will begin in October and is anticipated to end in April 2021. The listed design firm is Meinhardt & Associates.

Ascension Medical Properties has filed a permit to build an estimated $4.3 million 14,850 square foot medical office space and ASC facility at 2600 W. University Dr. in McKinney. Construction will begin this month and end August 2021. 708 Studios will lead the design.

INDUSTRIAL

Teltech Group, a nationally recognized telecom asset management, and logistics/supply chain services company, has signed a new lease for 198,854 square feet at 1901 Lakeside Parkway in Flower Mound, Texas. Transwestern’s John Fulton and Brett Owens provide leasing services on behalf of the building owner, Black Creek Group, a leading real estate investment management firm headquartered in Denver.

Communications Test Design has leased 185,000 square feet in Duke Realty’s Lakeside Ranch 1001 building on Lakeway Parkway. Lee & Associates, Jackson Cross, and JLL negotiated the lease with Matt Hyman of Duke Realty.

CKS Packaging purchased 2.07 acres at 2850 Dairy Milk Lane in Dallas. Ryan Boozer and Lena Pierce with Stream Realty Partners facilitated the transaction.

Arlington Investment Properties purchased a 53,586 square foot industrial building at 1200 Gambrel Road in Arlington. James Mantzuranis with Stream Realty Partners represented the buyer. Sarah LanCarte and David Corle with LanCarte Commercial represented the seller, 109th Street Limited Partnership.

Langhals Enterprises purchased a 46,600 square foot building at 705 Harrison Street in Great Bend. Ryan Boozer and Lena Pierce with Stream Realty Partners represented the buyer.

Monarch Office Furniture leased 19,769 square feet from ABGI Properties at 680 S. Royal Lane in Coppell. Corby Hodgkiss, with Mercer Company, represented the tenant.

Indigo Tiny River Homes, a veteran-owned tiny house construction company, signed a new 16,800 square foot lease with Summit Partners at 10863 Rockwall Road in Dallas. Transwestern’s Michael Griffin represented Indigo Tiny River Homes. Stephen Cooper, with NAI Robert Lynn, represents summit Partners.

Burrell Enterprises dba LitePower leased 13,026 square feet at 680 S. Royal Lane in Coppell. Corby Hodgkiss, with Mercer Company, represented the tenant.

Evolve Scholastic has relocated and tripled the size of its headquarters and distribution center in Dallas, vacating space that enabled another company to expand. The supplier of caps, gowns, and graduation accessories has leased 12,000 square feet at 8920 Premier Row in Dallas. Richmond Collinsworth with Bradford Commercial Real Estate Service represented Evolve. He also leases the Tappan Circle project for the landlord, CCG Valwood LP. In tandem with the move, Quality Biomedical has backfilled Evolve’s 4,500 square feet of vacated space at 1208 Tappan Circle in Carrollton. Danny Muse of TenantBase represented the medical equipment company.

Home Delivery of Houston leased 11,500 square feet at Perimeter Distribution Center, 12591-12623 Perimeter Dr., in Dallas. CBRE represented the landlord, WPI Perimeter LLC. Adam Jones with Stream Realty Partners represented the tenant.

Stone of Coat DFW leased 11,430 square feet at 11431 Ferrell Drive in Farmers Branch. David Wilganowski, with Mercer Company, represented the tenant.

Cavalry Construction Company leased 10,500 square feet at Royal Ridge Business Park, 8105 N. Belt Line Rd., in Irving. Jones Lang LaSalle Brokerage, Inc. represented the landlord, Hay and Jones. Mac Hall with Stream Realty Partners represented the tenant.

Market Pioneer International Corporation leased 2,862 square feet at 8925 Sterling in Irving. Andrew Johnson, with Mercer Company, represented the tenant.

MULTIFAMILY

Red Oak, a 108-unit apartment property located in Fort Worth, was sold. Nick Fluellen, Bard Hoover, and Wesley Racht with Marcus & Millichap represented the seller. The buyer, a limited liability company, was secured and represented by George Miller, an investment specialist in Marcus & Millichap’s Seattle office.

OFFICE

HNTB Corporation, an employee-owned infrastructure solutions firm serving public and private owners and construction contractors, has leased office space in Frost Tower Fort Worth (FTFW). X

The University of Texas Southwestern Medical Center renewed its 48,770 square foot lease at 3000-3030 Waterview Parkway in Richardson. Matt Wieser and Ramsey March with Stream Realty Partners represented the landlord, GI Partners.

Veritex Bank is expanding its Dallas banking operations with the newly remodeled 26,418 square foot space at 12750 Merit Drive. Robert Lynn and Kent Smith, with  NAI Robert Lynn, handled the sublease deal, along with Dan Boyles of NAI Partners in Houston. The space will accommodate up to 150 of Veritex Bank’s 700-plus statewide employees. Veritex Bank will move into the new office in October.

BakerHostetler, an Ohio-based legal firm, has leased 19,699 square feet of office space in Harwood No. 10. Phil Puckett, Harlan Davis, and Neal Puckett, of CBRE, negotiated the lease with Kelly Whaley and Hannah Waidmann, of Harwood International.

Perdure Petroleum has leased 17,212 square feet in the Office Campus at Allen to relocate and expand its headquarters in far north Dallas. The oil and gas company will relocate in Q4 to 1101 Central Expressway South in Allen, gaining nearly 10,000 square feet of additional space and backfilling the office building’s only vacancy. Jared Laake and Susan Singer with Bradford Commercial Real Estate Services represented the landlord.

Carter Arnett, a litigation firm based in Dallas, signed a 15,999 square foot renewal with Campbell Centre at 8150 N. Central Expressway. Transwestern’s Sanders Thompson and Jordan Wade represent Carter Arnett. JLL’s Barbara Houlihan and Michael Williams represented Campbell Centre.

Transwestern’s Fort Worth office has signed a relocation and extension deal at 777 Main, with the Brookdale Group for 11,210 square feet—moving from the 11^th to the 15^th floor. Transwestern’s Whit Kelly and Dallas Margeson represented the Brookdale Group. Leland Prowse represented Transwestern.

Ricoh USA renewed its 8,429 square foot lease at Harwood Center, 1999 Bryan St., Ste 2000 in Dallas. J.J. Leonard and Ryan Evanich with Stream Realty Partners represented the landlord, FPG-DMT Harwood. Wills Allen and Joe Siglin with Newmark Grubb Knight Frank represented the tenant.



LH Capital renewed its 8,423 square foot lease at Trammell Crow Center, 2001 Ross Ave., in Dallas. Ramsey March, Sara Terry, and Chase Lopez with Stream Realty Partners represented the landlord, J.P. Morgan Asset Management. Tim Terrell and Brandon Terrell with Stream Realty Partners represented the tenant.

DRP Countryside purchased 8,205 square feet at 3737 Hulen St. in Fort Worth. Cullen Donohue and Vic Meyer with Stream Realty Partners represented the buyer. Jayson Williams, with JL Williams Co., represented the seller, K/NECI Ltd.

Rowland Ventures purchased a 3,580 square foot office building at 6500 W. Vickery Blvd in Fort Worth. David Corley III, with LanCarte Commercial, represented the buyer. Vic Meyer and Cullen Donohue with Stream Realty Partners represented the Sellers, Garrett and Bernard Whitney.

RETAIL

Method Pharmaceuticals increased its space at 419 Bank Street in Southlake from 13,167 square feet to 19,731 square feet. Transwestern’s Frank Jester represented the tenant, while Holt Lunsford’s Matt Carthy, Hogan Harrison, and George Jennings represented the landlord.



Roanoke Corners, a 14,218-square foot retail property located in Roanoke, has sold. Philip Levy, with Marcus & Millichap, represented the buyer and seller.

 



Bill Bledsoe, with Henry S. Miller, closed two automotive deals in June. He represented both parties in each deal. Auto Liquidators purchased a 10,000 square foot building in Dallas for auto sales, and ADL Auto Sales purchased an 8,345 square foot showroom and service center in Fort Worth.

LUX Salon Suites has leased 11,795 square feet at Shops at Three Eighty, 2281 E University Drive in Prosper. Chris Flesner and Brian Sladek, of RESOLUT RE, represented the landlord. Greg Strawn of J2 Commercial Real Estate represented the tenant.

Mr. Gatti’s Pizza renewed for 7,876 square feet at the University of North Texas Health Science Center at 550 Bailey Ave. in Fort Worth. Transwestern’s Whit Kelly and Dallas Margeson represented the landlord.

Watauga Retail Center, a 100 percent leased 6,000 square foot retail property located at 8540 Denton Highway in Watauga, has sold. Philip Levy, with Marcus & Millichap, represented the buyer and seller.

Spectrum has leased 4,000 square feet at Denton Crossing West, 1800 S Loop 288. David Levinson and Jack Weir with The Retail Connection represented the landlord, RPAI Southwest Management. Jeremy Halback with Southern Site Selection represented the tenant.



A second-generation dental office will soon become a retail site with the acquisition of 7680 Preston Rd. in Frisco. Linrfa acquired the 3,825 square foot freestanding building from Leon Capital Group. The buyer was represented by Younger Partners’ Elaine Xu and Nan Li. The seller, LCP Preston Rd VB Frisco, LLC, was represented by Leon Capital Group’s Daniel Morales.

Nothing Bundt Cakes has leased 2,200 square feet at the Shops at Three Eighty, 2281 E University Drive in Prosper. Chris Flesner and Brian Sladek, of RESOLUT RE, represented the landlord. Mark Stanislawski of The Retail Strategy represented the tenant.

Zalat Pizza leased 1,260 square feet at Parker Crossing in Plano. David Levinson with The Retail Connection represented the landlord, Indus Investments. Phillip A. Slyby with Integrated Real Estate Development represented the tenant,

Noire Beauty has leased 1,200 square feet at the Shops at Three Eighty, 2281 E University Drive in Prosper. Chris Flesner and Brian Sladek, of RESOLUT RE, represented the landlord.