Commercial Real Estate

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

Marcus & Millichap help seller close on a single-tenant headquarters building in Lewisville, Developer unveils $93 million residential tower near the Virgin Hotel, and more.

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

PERMITS

Urby, a unit of Hoboken-based Ironstate Development Co. has filed a permit to build a 27-story 548,000 square foot residential apartment tower at 1930 Hi-Line Drive—across the street from the Virgin Hotel at Hi Line and Turtle Creek Boulevard. Dallas’ 5G Studio Collaborative will design the estimated $93 million project. The luxury building is scheduled to open in late 2022.

LPC Southport III has filed a permit for a just over 1 million-square-foot speculative industrial building at Southport Logistics Park at 1300 Fulghum Road in Wilmer.

Stonehawk Capital Partners has filed a permit to build The Huntley, a five-story multifamily building at 904 E. Weatherford St. in Fort Worth. The 296-unit $20 million complex is expected to start construction July 27 and complete December 2021. Architecture Demarest is the listed design firm.

A construction permit was filed to build Primera Towne Square Place II, a two-story office building at 8400 Belleview Drive in Plano. Construction on the estimated $13.2 million building is expected to begin in September and end August 20201. O’Brien Architects is the listed design firm.

A permit was filed to build the two-story office at Friscos Medical Village, 8900 Dallas Parkway. Construction on the estimated $5.9 million building is anticipated to begin September and complete July 2021. Corgan Associate is the design firm listed.

INDUSTRIAL

JMV Transport leased 52,032 square feet at 2910-2920 East Avenue F in Arlington. Luke Davis, Sarah Ozanne, and James Mantzuranis with Stream Realty Partners represented the landlord, Alpha Thirty. Wells CRE represented the tenant.

Primos Unlimited purchased a 33,620 square foot building at 10379 Plano Rd. in Garland. Ryan Wolcott, of SIOR, and Adam Jones with Stream Realty Partners represented the buyer. Marshall Cooper with Cooper Commercial represented the seller.

Flint Group Packaging Inkes has signed a 28,892 square foot lease at Dallas Corporate Center Building 2, 11625 Columbia Center Drive. Cole Collins and Gary Lindsey with Newmark Knight Frank represented the tenant and Prologis represented the landlord.

West Shore Home leased 22,658 square feet at 13701 Hutton Drive in Farmers Branch. Jeremy Kelly and Jeff Rein with Stream Realty Partners represented the landlord, Entrada Partners. Art Campbell with Campbell Commercial Real Estate represented the tenant.

Crowley Business Park, a 18,400 square-foot industrial park in Arlington, has sold. Adam Abushagur and Cliff Zimmerman, of Marcus & Millichap, represented the seller, a private investor. The buyer, a private investor, was also procured by Abushagur and Zimmerman.

Enagic USA leased 10,000 square feet at Jupiter Business Park, 1111 Jupiter Rd., in Plano. Ryan Wolcott and James Mantzuranis with Stream Realty Partners represented the landlord, MoxieBridge.

LAND

Younger Partners’ Ben McCutchin brokered a 103-acre sale on FM 455, east of FM 1385 in Pilot Point. McCutchin represented the buyer, Gene McCutchin. Davidson Bogel Real Estate’s Grant Brodeur represented the sellers, Ron Berlin and Eric Berlin. The farmland was purchased to hold for investment. Both the buyer and the sellers are well-known landowners and investors in the northern suburbs of Dallas-Fort Worth.

MEDICAL

USMD Health Systems leased a 6,000 square foot medical development at 1711 Martin Drive in Weatherford. Medcore Partner’ Eric Sheets represented the tenant. Allison Sibley with TIG Real Estate Services represented the landlord.

OFFICE

Caliber Collision Headquarters, a two-story, 80,038-square-foot Class A office complex in Lewisville, has sold. Alvin Mansour and Kevin Mansour, of Marcus & Millichap, represented the seller and procured the buyer, who completed a 1031 exchange with the sale of a multifamily property in Southern California.

Planet Home Lending leased a 35,471 square feet at Riverside Commons Building 3, 5020 Riverside in Irving. John Wolf with Newmark Knight Frant represented the tenant. Cushman & Wakefield represented the landlord.

Attigo Health leased 5,779 square feet at The Spectrum, 15301 Spectrum Drive in Addison. Ryan Evanich, Chase Lopez, and Brandon Terrell with Stream Realty Partners represented the landlord, G&I VIII Quorum North L.P. Rubicon Representation represented the tenant.

Ricardo Rivera State Farm purchased a 2,205 square foot building at 3525 Denton Highway in Haltom City. Vic Meyer and Jeff Rein with Stream Realty Partners represented the seller, the Estate of Bill Carter.

RETAIL
North Preston Village is located at 790 North Preston Road

North Preston Village, a 14,240-square foot retail property, 790 North Preston Road in Prosper, has sold. Chris Gainey and Philip Levy with Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a partnership.

The 9th Cloud Smoke Shop has leased 937 square feet at Fossil Creek Shopping Center, 2200 Western Center Blvd. in Fort Worth. Mai Nguyen, of RESOLUT RE, represented the tenant.

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