The former Home Depot distribution center in southern Dallas has sold for nearly $247 million to Phoenix-based Vereit and Korea Investment & Securities Co

Commercial Real Estate

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

Southern Dallas distribution center sells for nearly $247 million, Food Network-featured bakery opens Lewisville location, and more.

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

PERMITS

Plans are in the works to build a co-working suite at the Dallas Farmer’s Market, 910 S. Pearl Expressway. The estimated $3.5 million renovation will build out the first floor of the building. Atlanta-based NELSON will lead the design.

Manufacturer First Co. has filed a permit to build an 83,609 square foot office building at 8224 Moberly Lane in Dallas. O’Brien Architects will design the estimated $8 million build. The project is anticipated to start this October and will take about a year to build.

A permit has been filed to build a three-story multifamily apartment building in Denton at 2014 W. Hickory. The $2 million project will deliver 27 new apartments and is expected to start construction in November. Golden Star Rock Investments is the listed owner.

INDUSTRIAL

The former Home Depot distribution center in southern Dallas has sold for nearly $247 million to Phoenix-based Vereit and Korea Investment & Securities Co. The 2.3 million square foot center built last year. The building was constructed with the aid of almost $6 million in economic incentives from the city of Dallas. CBRE brokered the sale.

Passport Park

Uline, a leading distributor of shipping, industrial and packaging materials in North America, has signed a nearly 1.2 million square foot lease at Passport Park development, 2600 Rental Car Drive in Irving. Uline plans to move into the cross-dock distribution center in May 2021. The Dallas-Fort Worth office of Trammell Crow Company and its JV partner CBRE Global Investors announced the signing.

Talley Riggins Construction Group’s Irving industrial build will include eight suites with 1,000 square feet of open office space and a 9,000 square foot warehouse.

Graybar Electric Company renewed its lease for 202,500 square feet of industrial space at 2700 Regent Blvd at DFW Airport. Steve Trese and Wilson Brown with CBRE in Dallas represented the landlord, Airport Trade Center. Mike Voelker, with Pinnacle Commercial, represented Graybar.

Packaging Corporation of America, a 168,725 square foot property, 1015 Hayden Drive in Carrollton, has sold. Adam Abushagur, with Marcus & Millichap, represented the buyer and seller.

Talley Riggins Construction Group is building an 83,000 square foot tilt-wall industrial building in Irving. The owner is PS Business Parks, Inc., a real estate investment trust that owns over 27.6 million rentable square feet nationally. Blackbird Studio Architects designed the building, and Steve Riordan with Stream Realty is managing the project. Scheduled for completion in the fourth quarter of 2020, the project will achieve LEED Silver recognition. The structure will include eight suites with 1,000 square feet of open office space and a 9,000 square foot warehouse. Blackbird Studio Architects design the structure. Steve Riordan, vice president of construction and development for Stream Realty, is managing the project.

Westrock Container leased 62,158 square feet of industrial space at 5181 Samuell Blvd in Mesquite. Trevor Atkins with CBRE in Dallas represented Westrock in the lease negotiations. Josh Barnes with Holt Lunsford represented the landlord.

Advatix renewed its lease for 29,311 square feet of industrial space at 110 North Freeport Pkwy in Coppell. Steve Trese, Nathan Lawrence, and Krista Raymond with CBRE in Dallas represented the landlord, Prologis.

Continental Office Group renewed its 22,374 square foot lease at Gateway East Business Center – Building 1, 4002 W. Miller Road, in Garland. Matt Dornak and Ryan Wolcott with Stream Realty Partners represented the landlord, Barings. Jones Lang LaSalle represented the tenant.

IDM Products leased 12,645 square feet of industrial space at 10460 Markison Road in Dallas. Trevor Atkins with CBRE in Dallas represented IDM in the lease negotiations. Ben Wallace with Holt Lunsford represented the landlord.

P4 Holdings purchased a 12,280 square feet industrial building at 1133 Quaker Street, in Dallas. Hanes Chatham with Stream Realty Partners represented the buyer. Charlotte Cooper, with Venture DFW with represented the seller, Estate of Raymond Louis Fogg, Sr., and Frances Fogg.

Rockler Retail Group and Vladimir Grebennikov, MD renewed leases at 500 N. Coit Road in Richardson for a total of 11,390 square feet. Rockler renewed 6,531 square feet for one year, and Grebennikow renewed 4,859 square feet for three years. Kat Morrison represented the landlord Hartman Income REIT.

Information Technology Disaster Resource Center Ind. leased 10,800 square feet at Northern Crossing Business Park, 3051 Northern Cross Blvd., in Fort Worth. Holt Lunsford Commercial represented GID, Windsor at Northern Crossing LLC. Forrest Cook with Stream Realty Partners represented the tenant.

Red Bull Distribution Company is situated on 6.04 acres of land and was built in 1999.

Red Bull Distribution Company has leased 10,500 square feet at 1462 Freedom Way in Cedar Hill. Adam Abushagur, with Marcus & Millichap, represented the buyer and seller.

Architectural Veneers International renewed its 10,424 square foot lease at Newkirk Business Center, 10630 Newkirk Street, in Dallas. Drew Feagin and Todd Poticny with Stream Realty Partners represented the landlord, Ranger D-TX LP. Mercer Company represented the tenant.

The Christman Company leased 8,499 square feet for their regional office consolidation at 130 E. John Carpenter Freeway in Irving. Ben Davis, Fletcher Cordell, and Michael Dudley with CBRE in Dallas represented the landlord. Natalie Snyder Bode, CCIM with Cushman & Wakefield in Dallas, represented the tenant.

MULTIFAMILY
Mesa Park
Mesa Park

Mesa Park, a 12-unit apartment property, 2462 Ft Worth St in Grand Prairie, has sold. Matt Aslan, Nick Fluellen, and Bard Hoover, with Marcus & Millichap, represented the buyer and seller.

 

OFFICE

Javelin Energy Partners leased 12,554 square feet of office space at 8401 North Central Expressway in Dallas. Clay Vaughn and Preston Lynn with CBRE in Dallas represented Javelin in the lease. Worthey Wiles, with Lincoln Property Company, represented the landlord.

Fuzzy’s Taco Opportunities, owner and franchisor of nearly 150 Fuzzy’s Taco Shops in 16 states, has leased 8,150 square feet of office space for their headquarters at 4200 Regent Blvd. in Irving. Dennis Barnes and Michael Dudley, with CBRE in Dallas, represented the landlord. Andrew Beckman, CCIM with Glacier Commercial Realty in Dallas, represented Fuzzy’s.

Rise Power leased 4,706 square feet at 651 North Plano Road in Richardson for six years. Taylor Stell, with Lee & Associates, represented the tenant, and Demarcus Owens represents the landlord, Hartman Income REIT.

Churchill Communities leased 4,377 square feet of office space at 5605 N. Macarthur Blvd in Irving. Clay Vaughn and Preston Lynn with CBRE in Dallas represented Churchill in the lease. Matt Hurlbut, with Transwestern, represented the landlord.

Renaissance Tower
Renaissance Tower

The Cambria Group has leased 1,550 square feet at Renaissance Tower in downtown Dallas. Clay Gilbert, Dennis Barnes, and Ben Davis of CBRE represented the landlord. Cambria has also leased space at 3899 Maple Avenue in Old Parkland. Garrison Efird and Jim Cooksey with Newmark Knight Frank represented the tenant.

RETAIL

iKids Pediatric Dentistry & Orthodontics leased 2,265 square feet at Lakewood Shopping Center, 2011 Abrams Parkway in Dallas. Sarah Lamb with The Retail Connection represented the landlord, Lakewood Harrell Park Partners. Travis Wildeman with Wynmark Commercial represented the tenant.

The London Baker
Elizabeth Rowe’s The London Baker is best known for its award-winning, edible works of art that have been featured on Food Network shows, including Cake Wars, Halloween Wars, Dallas Cakes, and Holiday Wars. The bakery also added the Food Network Challenge to its list of TV appearances this January.

Food Network featured bakery, The London Baker, has signed a lease for a second location at The Realm at Castle Hills in the Lewisville master-planned community. The 1,638 square foot bakery will open Spring 2021. Britton Lankford and Dan Looney represented the landlord, Bright Realty, in The London Baker transaction. Robyn Heathcock, Keller Williams, represented the tenant. The London Baker isn’t the only Castle Hills business to open a second location this year. Chef Salvador Hernandez of The Lakes at Castle Hills private golf and country club will soon open El Patio, a 3,800 square foot “Mex-Tex” concept featuring a blend of authentic Mexican cuisine and true Texas barbecue, at Offices at The Realm at Castle Hills. Construction on El Patio is currently nearing completion.

Spirit Halloween has leased 9,945 square feet at the former Advance Auto Parts in Arlington, 711 W Pioneer Pkwy in Arlington. Stephanie Jacobs and Jeff Lewin of RESOLUT RE represented the landlord.

Milan Laser Hair Removal leased 1,340 square feet at Pleasant Run Towne Crossing in Cedar Hill. David Levinson and Jack Weir with The Retail Connection represented the landlord. Kendall Ibsen, also with The Retail Connection, represented the tenant.

MKJ Vape has leased 1,000 square feet at Westwood Village Center, 215 Sunset Blvd in Sherman. Colin Cannon and Stephanie Jacobs of RESOLUT RE represented the landlord.

 

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