Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected].
Cherry Coatings will grow its Dallas-Fort Worth operations with a new corporate headquarters at the popular 56,000-square-foot Inwood Soccer Center in Addison. Cherry Coatings, which specializes in new construction painting, industrial flooring, and maintenance coatings, will relocate from Carrollton to the former soccer landmark at 14801 Inwood Road, which sits on over three acres of land. The 53-year-old company will retrofit the building to house 75 corporate employees and a large warehouse with loading docks.
Since 1988, the soccer center—with its signature domed roof—was like a second home to multiple generations of families who grew up playing the sport. Employees will use the “bubble” portion of the building for recreational activities.
Renovations will be completed by nationally recognized McCarthy Building Companies and BOKA Powell, an architectural design firm headquartered in Dallas. The space will have distinct work environment zones, utilizing the tremendous ceiling height with a mezzanine and increasing natural light. A large training room will support employee performance and an indoor break room that can open into a large outdoor courtyard. Exposed raw steel beams in the interiors will reveal how materials are constructed while showcasing the company’s capabilities as painters and coatings experts.
Cherry Coatings plans to begin construction in early 2021, with a move-in date set later in the fall.
NAI Robert Lynn’s Chad Albert represented Cherry Coatings in the deal.
INDUSTRIAL
Plans for the 431,630-square-foot build-to-suit Project Sunshine facility in Wilmer have been filed with the state. The $19 million project began construction in November and plans to be completed by July 2021. It will include a 6,370-square-foot office finish out. GSR Andrade Architects is a leading design.
Manna Pro Products leased 250,000-square-feet at Pinnacle Industrial Center – Building F in Dallas. Matt Dornak, Drew Feagin, and Sarah Ozanne with Stream Realty Partners represented the landlord, Nuveen Real Estate.
1000Bulbs.com leased 203,040-square-feet at Urban District 30 – Building 1 in Mesquite. Matt Dornak and Drew Feagin with Stream Realty Partners represented the landlord, Urban Logistics Realty. Blake Kendrick and Seth Koschak with Stream Realty Partners represented the tenant.
Duke Realty Secures Lease Expansion and Extension for Premier LogiTech, securing 178,984-square-feet of space at Freeport II in Coppell. The lease agreement includes an expansion with improvements of 110,157-square-feet of space plus an extension of their current lease for 68,827-square-feet in the same project. Bill de la Chapelle with Rubicon Representation, LLC represented Premier, and Matt Hyman handled the negotiations on behalf of Duke Realty.
Looking to expand its hub in the Southwest Region, Florida-based Structured Cable Products Inc. has leased 53,496-square-feet in Turnpike Distribution Center. The company is in the process of moving into Turnpike 11, 3665 La Reunion Parkway in Dallas, where it’s leased more than 44 percent of the project. Structured Cable is picking up nearly 22,000-square-feet of extra operating space with its relocation from Arlington. Brock Wilson and Joe Santaularia of Bradford Commercial Real Estate Services represented Structured in the site search and long-term lease negotiations.
Bauhaus Interiors Group renewed 29,540-square-feet at Space Center Industrial Park – Building 1 in Dallas. Drew Feagin and Hanes Chatham with Stream Realty Partners represented the landlord, Ranger D-TX LP.
With 28,989 square feet of deals inked recently, Avion Business Center Building 500 is now at full occupancy. Younger Partners’ Trae Anderson and Garrett Marler represent the landlord, Fort Worth-based Fort Capital. The recently completed leases include:
- JDC Healthcare Management leased 18,447 square feet. CYC Commercial’s Cyrus Chen represented the tenant.
- CLVR Agency inked 4,237 square feet. Rich Young Company’s Rich Young Jr. represented the tenant.
- AuthenTEK Solutions leased 3,729 square feet.
- Beyond Engineering signed a 2,576-square-foot lease. Stream Realty Partners’ Lena Pierce and Ryan Boozer represented the tenant.
EastGroup Properties recently purchased 11.24 acres at 2300 East State Highway 121 in Lewisville. Dan Spika of Henry S. Miller’s Industrial Division represented the seller, D & M Boat Brokerage.
Hamilton Commercial purchased 10.91 acres at 1550 South Great Southwest Parkway in Grand Prairie. Ryan Boozer and Luke Davis with Stream Realty Partners represented the seller, Austin International Ventures, Inc.
Phoenix Technology Services has subleased a 29,070-square-feet lease at 2605 Technology Drive in Jupiter Resource Center. Garrison Efird, Adam Faulk, and Jim Cooksey with Newmark, represented the tenant. Barry Stokes with Exeter Property Group represented ownership while Colliers represented the sublandlord.
MULTIFAMILY/HOSPITALITY
Construction on the 272-unit Prairie Modern is expected to begin in April 2021. The $37 million project will include a four-story wrap building. It is expected to be completed by April 2023. O’Brien Architects is leading design.
Hanover Midtown Park, a 422-unit apartment asset near Preston Hollow, has sold. Drew Kile, Will Balthrope, Joey Tumminello, and Grant Raymond of Marcus & Millichap represented the seller, Hanover Company, and procured the buyer.
Dolce Loving Home Town, a 316-unit apartment asset in North Richland Hills, has sold. Drew Kile, Will Balthrope, Joey Tumminello, and Grant Raymond of Marcus & Millichap represented the seller, DLC Residential, and procured the buyer, SPI Advisory.
270 Development Group has filed a permit to construct a four-story hotel at 5303 Challenger Drive in Dallas. Construction on the $6.2 million Dallas Executive Airport hotel will begin May 2021 and complete September 2022. Apex Engineered Solutions is leading design.
OFFICE
Construction of a 97,450-square-foot building at Craig Ranch, 6500 Meyer Way in McKinney, is expected to begin February 2021. The $11.7 million project is expected to deliver December 2021. Pross Design Group is the listed design firm.
London & London leased 2,717-square-feet at 8111 LBJ Freeway in Dallas for 5 years. Njeri Mwaniki London with Monsoon Realty represented the tenant, and Jessica Cyphers represented the landlord, Hartman Income REIT.
Constant Investments, inc. dba Mortgage One Group leased 2,218-square-feet at 17300 N. Dallas Parkway in Dallas for 3 years. Julee Nguyen with Citiwide Properties Corp. represented the tenant, and Noah Burns represented the landlord, Hartman Income REIT.
RETAIL
Walnut Land Retail Strip, an 8,400-square-foot, 100 percent occupied retail strip off Walnut Lane and SW U.S. Route 80 in Forney, has sold. STRIVE’s Sam House represented the seller, a Dallas-area investor, and cooperated with an outside broker to secure the buyer, an investor from California.
Buddy’s Home Furnishings has leased 6,720-square-feet at West 7th Shopping Center, 1809 W 7th Ave. in Corsicana. Colin Cannon and Chris Flesner of RESOLUT RE represented the landlord.
David’s Wholesale has leased 5,600-square-feet at West 7th Shopping Center, 1809 W 7th Ave. in Corsicana. Colin Cannon and Chris Flesner of RESOLUT RE represented the landlord. Evan Webb of Mercer Company represented the tenant.
Fossil Creek Liquor has leased 3,000-square-feet at Shops at Three Eighty, 2281 E University Dr. in Prosper). Chris Flesner and Brian Sladek of RESOLUT RE represented the Landlord. Pike Chapman of Lot 7 Realty represented the tenant.
Levant Kebab leased 2,8300-square-feet at Richardson Heights Shopping Center, 100 S. Central Expressway in Richardson. Kat Morrison represented the landlord, Hartman Income REIT.
Dapper Five Fine Men’s Grooming leased 2,045-square-feet at Three Eighty, 2281 E. University Dr. in Prosper. Chris Flesner and Brian Sldek of RESOLUT RE represented the landlord.
Eclipse Clinic has leased 1,800 square feet at Legacy Ranch Professional Centre, 1006 Legacy Ranch Road, Ste 104 in Waxahachie. Tony Gilbert of Gilbert Realty Group represented the landlord. Jaime Eagleson of Concept Commercial Realty represented the tenant
