DFW’s Top Leases and Sales of 2014—Retail

Dunhill Partners' acquisition of the Dallas Design District was the largest retail sales transaction of the year.
Dunhill Partners’ acquisition of the Dallas Design District was the largest retail sales transaction of the year.

D Real Estate Daily published thousands of transactions in its DealTicker in 2014. We sorted through all of the posts—as well as news reports from the site and information from our exclusive data partner, Xceligent Inc.—to reveal the year’s top leases and sales for the office, industrial, and retail sectors, ranked by size (square footage).

The biggest retail lease of the year went to Sam’s Real Estate Business Trust, which will open a new Sam’s Club store along Haskell Avenue in Dallas. Rich Flaten with CBRE represented the landlord, TC Central Associates. Kroger Marketplace came in at the next three spots, with 123,000-square-foot stores in North Richland Hills, Lewisville, and Lantana Town Center in Denton County.

The largest retail sale of the year, by a wide margin, was Dunhill Partners’ acquisition of the Dallas Design District portfolio, which consisted of 693,751 square feet in various properties along Hi Line Drive and Oak Lawn Avenue. The sellers, Lionstone Investments and PegasusAblon, were represented by Jack Crews, Lauren Zimmer, and Evan Stone with JLL.

Below are the top 10 retail leases and sales. To see the top 10 office deals, click here. To see the top 10 industrial transactions, click here.

To ensure that your DFW deals are featured at D Real Estate Daily and published in the 2016 print edition of our D Real Estate Annual, please submit your transactions to [email protected]

RETAIL LEASES

• 140,000 sq. ft., Sam’s Real Estate Business Trust, 2345 N. Haskell Ave., Dallas. Rich Flaten with CBRE represented the landlord, TC Central Associates LLC.

• 123,000 sq. ft., Kroger Marketplace, North Tarrant Marketplace, North Richland Hills. Developer: NewQuest Properties.

• 123,000 sq. ft., Kroger Marketplace, Castle Hills, State Highway 121, Lewisville. Developer: Michelle Caplan of The Weitzman Group represented the developer, an affiliate of Cencor Realty Services.

• 123,000 sq. ft., Kroger Marketplace, Lantana Town Center, Denton County. Developer: NewQuest Properties.

• 60,000 sq. ft., John Peter Smith Health Network, Cooper Street Commons, 1020 S. Cooper St., Arlington. Phillip Hooks of The Weitzman Group represented the landlord, Cencor Realty Services, a Weitzman Group affiliate.

• 53,500 sq. ft., Bed Bath & Beyond, Caruth Plaza, 8005 Park Lane, Dallas. Steve Lieberman and David Fazio with The Retail Connection represented the tenant. Steve Preston with NADG and Carter Butler with UCR represented the landlord.

• 52,688 sq. ft., Fitness Connection, Mills Pointe,  2810 E Trinity Mills Road, Carrollton. Sherman Hinklebein and Wyatt Russo with The Retail Connection represented the tenant. Maury Levy and Robert Luleff with UCR represented the landlord.

• 52,000 sq. ft., Ged’s Floor Store, 2985 S. State Highwy 360, Grand Prairie. Bryan Dyer and Karen Mitchell of The Woodmont Co. represented the landlord.

• 51,935 sq. ft., Studio Movie Grill Holdings LLC, southeast corner of State Highway 26 and Hall Johnson Road, Colleyville. Venture Commercial Real Estate’s John Zikos and Chris Booras represented the landlord, American National Bank Special Assets LLC.

• 51,796 sq. ft., Fitness Connection, Shiloh Square, 2234 W. Buckingham Road, Garland. Sherman Hinklebein and Wyatt Russo with The Retail Connection represented the tenant. Bob Ginsburg and Amy Nott with CBRE represented the landlord, Southwest Buckingham LLC.

RETAIL SALES

• 693,751 sq. ft., Dallas Design District portfolio, Hi Line and Oak Lawn, Dallas. Buyer: Dunhill Partners. Seller: Lionstone Investments and PegasusAblon, represented by Jack Crews, Lauren Zimmer, and Evan Stone with JLL.

• 291,852 sq. ft., Burlington Coat Factory, 300 S. Plano Road, Richardson. Buyer: Scuben Plano LLC, represented by Chris Gibbons and John Zikos of Venture Commercial Real Estate. Seller: MDS Texas Realty I LP, represented by David Tran, Transmercial Commercial Real Estate Investments.

• 256,097 sq. ft., Eastchase Market, 1600 Eastchase Pkwy., Forth Worth. Buyer: Cole Real Estate Investments. Seller: Columbus Pacific Properties and Equity Alliance Fund, represented by Chris Cozby and Chris Gerard of CBRE Dallas and Kevin Holland of CBRE Houston.

• 230,842 sq. ft., Preston Center Pavilion and Square, 8335 Westchester Drive, Dallas. Buyer: A private investment fund advised by Crow Holdings Capital Partners. Seller: US Commercial LLC. HFF’s Barry Brown, Jim Batjer, Doug Hazelbaker, and Ryan Shore negotiated the transaction.

• 174,783 sq. ft., Hulen Pointe Shopping Center, Fort Worth. Buyer: TriMarsh Properties. Seller: Wes Walters Realty Inc., represented by Jennifer Pierson, Beth Pierson, Cameron Deptula with CBRE.

• 170,739 sq. ft., Garden Park Shopping Center, 1565 W. Main St., Lewisville. Buyer: CIG Retail Properties. Jennifer Pierson and Beth Pierson of CBRE represented the seller.

• 170,000 sq. ft., Little Elm Towne Crossing, Little Elm. Buyer: LETC Dunhill LLC. Seller: Little Elm Towne Center, represented by Robert Grunnah, Darrell Hurmis, and Daniel Harris of Henry S. Miller.

• 154,000 sq. ft., Carrollton Town Center, southeast corner of President George Bush Turnpike and Old Denton Road, Carrollton. Eric Deuilett of Structure Commercial brokered the transaction between the seller, Trinity/Denton II Ltd. and the buyer, New Quest Properties.

• 151,982 sq. ft., 901 W. Parker Road, Plano. Buyer: David Hoppenstein Family Ltd. Jennifer Pierson, Beth Pierson, and Cameron Deptula of CBRE represented the seller.

• 148,529 sq. ft., Mansfield Pointe Shopping Center, Mansfield. Buyer: Inland Real Estate Income Trust Inc., represented by David Disney of Disney Investment Group and Matthew Tice of Inland Real Estate Acquisitions. Alan Shor and Chad Bradshaw of The Retail Connection and Paul Bennett of Granite Properties represented the sellers.

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