Commercial Real Estate

Deal Ticker: Amazon Plans Six New DFW Shipping Centers

Plus: An $8.7 million multifamily project is heading to south Arlington, a local barista-owned coffee shop leases space at Granite Park, and more.

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

A surge in online orders during the pandemic has Online giant Amazon jumping on more North Texas warehouse space. The digital retailer announced six more DFW delivery stations that will serve as “last mile” shopping hubs and range in size between 150,000 and 250,000 square feet. Amazon already has more than 12 million square feet of warehouse and distribution center in the region.

The stations, which are slated to open later this year, are located at 2400 Centennial Drive in Arlington, on Risinger Road at Old Burleson Road in Fort Worth, at Litsey Road and Beach Street in Fort Worth, at Klein Tools Boulevard and Seventh Avenue in Mansfield, at 12809 Eastgate Drive in Balch Springs and at 1398 Industrial Blvd. in McKinney.

HOSPITALITY

USEAI Enterprise has filed to build a four-story, 95 room hotel in McKinney called AVID Hotel. The $5 million project will be designed by Alux Construction & Development LLC.

INDUSTRIAL
3200 Kingsley Road
The deal secures a long-term lease agreement for 470,590 square feet of space within the 531,950-square-foot warehouse in Garland.

Plastikpak Packaging renewed its 470,590-square-foot lease at its 3200 Kingsley Road facility in Garland. Bryan Parker and Matt Hyman represented Duke Realty, and Andrew McCaig with Benchmark Partners represented Plastipak in the negotiations.

ED Ticker Distributor extended its 257,500-square-feet lease at Alliance Gateway 14, 4900 Alliance Gateway in Fort Worth. Newmark agents Louis Pascuzzi, Jim Cooksey, Trace Elrod, Chris Mason, John Beach, Reggie Beavan III, Andy Iversen, David Creiner, Brad Mason, and Jack Brewer represented the tenant. Hillwood Realty Services represented the landlord.

2917 Oakland Street, a 123,000-square-foot property in Garland, has sold. Stream Realty Partners’ Dallas industrial team of Adam Jones and James Mantzuranis represented CanTex in the transaction, while Hal Penchan and Matt Troutt with Alt+Co represented the seller.

Exeter Property Group plans to build a 102,207 square foot warehouse on Exeter Buckner Blvd. in Dallas. Construction on the $5,65. million project, designed by Alliance Architects, Inc., began in February and will end on later this year. 

Athos Group signed a new 23,386-square-foot office lease at 600 E. Las Colinas Blvd in Irving. Transwestern’s Duane Henley represents the Class AA urban center building.

Bridgeway Preparatory Academy leased 19,200-square-feet in Valley View Commerce Center, 1861 Valley View Lane in Farmers Branch. Brian Pafford and Susan Singer with Bradford Commercial represented the landlord. Matt Miller of Jim Lake Advisors represented Bridgeway Preparatory Academy.

WLS Lighting Systems purchased a 16,426-square-foot industrial building from AKOE, LLC. The industrial building is located at 6820 Corporation Pkwy. in Fort Worth. Transwestern’s Larry Jordan and Ben Coffee represented the seller, while Jeff Jackson with NAI represented the buyer.

Eberl Claims Service renewed 13,776-square-feet in Skyway Corporate Center, 3109 Skyway Circle North in Irving. Brian Pafford and Susan Singer with Bradford Commercial represented the landlord. Ryan Boozer of Stream Realty Partners DFW was the tenant rep for Eberl Claims Services.

2021 Alpha Business Center

Airway Technologies leased 5,981-square-feet in Alpha Business Center, 4300 Alpha Road in Farmers Branch. Brian Pafford and Susan Singer with Bradford Commercial represented the landlord. Stream Realty’s Todd Noonan represented the tenant.

SIS Promotionals signed a new 4,000-square-foot lease with University Investment Co. in Fort Worth. Transwestern’s Fremon Baker represented the landlord.

Closet Envy leased 2,981-square-feet in Whitlock Business Center, 1325 Whitlock Lane in Carrollton. Bradford Commercial Real Estate Services negotiated the deal. Brian Pafford and Susan Singer with Bradford Commercial represented the landlord. Jodie Flannery of KW Commercial Real Estate represented the tenant.

LAND

An undisclosed buyer has purchased 5.52 acres at 3520 E. Berry Street in Fort Worth. Alex Reed of RESOLUT RE represented the Buyer. Jennifer Dyess of Colonial Commercial Real Estate represented the Seller.

MULTIFAMILY
Debbie Lane Flats, a 331-unit multifamily community in South Arlington.

Funding of an $8.7 million acquisition and development loan for Provident Realty Advisors’ new project Debbie Lane Flats has been secured. The 331-unit multifamily will be built on 17-acres in south Arlington. The new community is slated to open in 2021. Trez Capital provided funding.

Cedar Square is located at 404 Andrews Ave in Dallas, Texas. The subject property features 161 units situated on 0.87 acres of land.

Cedar Square, a 116-unit apartment property at 404 Andrews Ave. in Dallas, has sold. Nick Fluellen, Bard Hoover, and Wesley Racht, investment specialists in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a local Dallas Fort Worth limited liability company, was also secured and represented by Fluellen, Hoover, and Racht.

OFFICE

Splunk leased 83,774-square-feet at Lincoln Legacy One, 6860 N. Dallas Parkway in Plano. Amand Tiano Jr., John Wolf, and Jim Graham of Newmark represented the tenant. Cushman & Wakefield represented the landlord.

Teachers Insurance and Annuity Association of America leased 32,519-square-feet at 5430 LBJ Freeway in Dallas. Newmark’s JR Tomlinson represented the tenant. Cushman & Wakefield represented the landlord.

ETS Celina has filed a permit to construct a 30,000-square-foot office warehouse at 1922 Choate Parkway in Celina. Construction on the $3 million project will begin in March and complete in 2022. Bannister Engineering will lead design.

Village Health Partners is building a 20,000 square foot, $1.2 million office on the second floor of the Frisco Medical Village building. No design firm has been assigned.  

The University of North Texas leased 19,916-square-feet at Hall Office Park in Frisco. Newmark’s Garrison Efird, Jim Cooksey, and Adam Faulk represented the tenant.

Enterprise America has filed to build a four-story office building in McKinney at 923 N Central Expressway. The $1.5 million build will be designed by Alux Construction & Development LLC. Construction will begin in March 2021 and end in March 2022. 

825 18th, Plano

Tri Global Energy renewed 16,012-square-feet at 17300 North Dallas Parkway in Dallas for 1 year. Jessica Cyphers represented the landlord, Hartman Income REIT.

A 2,474-square-foot office building on one acre at 825 18th Street in Plano sold. Scott Axelrod, in the industrial division of Henry S. Miller Brokerage, negotiated the sale. The buyers were private investors from Allen, TX, and the seller was Benoit Properties, LLC of Plano.

RETAIL

Stewart & Arango Oral Surgery signed a lease for 5,084-square-feet at 8611 Hillcrest in Dallas. Chris Lipscomb with Transwestern represented the tenant, and Lauren Perry with JLL represented the landlord.

Darling Hair Beauty Supply has leased 3,200-square-feet at Expressway Plaza, 1500 Lowes Blvd. in Killeen). Brian Sladek and Tucker Francis of RESOLUT RE represented the landlord.

Mo’Bettahs Hawaiian Restaurant leased 3,114-square-feet at Preston Shepard Place, 1713 Preston Road in Plano. The Retail Connection’s Jill Tiernan, Susan Ridley, and Jack Weir represented the landlord. Tyler Grisham and Steve Ewing of EDGE Realty Partners represented the tenant.

Zoom Room has leased 3,000-square-feet at Eldorado Crossing, 3180 W Eldorado Pkwy. in McKinney. Chris Flesner of RESOLUT RE represented the tenant. Eric Deuillet of Structure Commercial represented the landlord.

Set Studio, an interior design practice, signed a 2,800-square-foot lease at 3511 Cedar Springs in Dallas. Logan Turner with J. Elmer Turner Realtors represented the landlord. Sara Bodzy with TIG Real Estate Services represented the tenant.

4 Hits and Giggles leased 1,936-square-feet at Shafer Plaza in Wylie. David Levinson with The Retail Connection represented the landlord.

Parlor Doughnuts has leased 1,658-square-feet at Lake Worth Retail, 6547 Lake Worth Blvd. in Lake Worth). Chris Flesner and Mai Nguyen of RESOLUT RE represented the landlord.

Golden Boy Coffee was founded by Trey Suire and Andrew Cunningham in 2018. The barista owned coffee shop first opened in Denton in 2019 and expanded into Coppell in 2020.

Golden Boy Coffee Company, a Texas-based coffee shop, bar, and bakery, will officially open its third location on Feb. 8 at The Boardwalk at Granite Park. The shop signed a lease for 1,301-square-feet at the Colony destination and will be located between Union Bear Brewing Company and The Biscuit Bar.

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