Rendering of Weir's Plaza

Commercial Real Estate

Weir’s Plaza Lands Another Major Tenant

Plus: Massive industrial warehouse planed for Fort Worth, MELT ice creams heads to Mule Alley, and more.

Fortress Investment Group is expanding its North Texas presence with a 47,850 square foot lease at the redeveloped Weir’s Plaza on Knox Street. Fortress, a leading global investment manager with approximately $53.1 billion of assets under management, has a significant and growing North Texas presence, with more than 50 employees based in its Irving office.

The firm will maintain its office in Irving following the opening of Weir’s Plaza. Fortress executives Drew McKnight and Josh Pack, co-chief investment officers and managing partners of the firm’s Credit business will be based in the new Weir’s Plaza location.

Weir’s Plaza broke ground in July 2019 and is scheduled to open in November 2021.

The firm is joining anchor tenant Kirkland & Ellis at the under-construction mixed-use retail and office project.

Weir’s Plaza is being developed by Four Rivers Capital on the former location of Weir’s Furniture store at 3219 Knox Street.

Tommy Nelson and Dennis Barnes, with CBRE’s office leasing team in Dallas, represented the landlord, Dallas-based Four Rivers Capital. Howard Grufferman, Billy Vahrenkamp, and Brad Balke with Colliers International. Jeff Ellerman and John Ellerman with CBRE co-represented Fortress in the lease.

INDUSTRIAL

NP-OV Project 3 filed a state permit to construct a 1 million-square-foot distribution warehouse in Fort Worth. Construction on the $26.5 million project will begin in mid-September and end in October 2022. StudioNorth is the listed design firm.  

The nation’s largest supplier of wholesale goods for green industry professionals signed a lease for a regional distribution hub at 1200 W. Wintergreen Road in Hutchins.

SiteOne Landscape Supply has leased 337,913 square feet at 1200 W. Wintergreen Road in Hutchins. Adam Curran, David Eseke, Gary Collett, and Jeff Eisenhart of Cushman & Wakefield represented the tenant in the lease negotiations. Cabot Properties is the landlord.

USICV High Point 67 Lot 1 filed a state permit to construct a 221,360-square-foot cold dark shell building on US Highway 67 in Dallas. Construction on the $10,005,469 project will begin in August and conclude in May 2022. GSR Andrade Architects will lead the design.  

FleetPride renewed 200,000 square feet at DFW Trade Center – Building B in Grapevine. Jeremy Kelly and Sarah Ozanne with Stream Realty Partners represented the landlord, Lasalle Investment Management. Cushman & Wakefield of Texas represented the tenant.

New Thermo- Serv renewed its 117,047 square foot lease at 3901 Pipestone in Dallas. John Gorman with Holt Lunsford Commercial represented the landlord Prim Turnpike Portfolio. Art Leichner and Andrew Crites with Newmark represented the tenant.

American West Worldwide Express signed a 108,000 square foot lease at 3535 La Reunion Pkwy in Dallas. John Gorman with Holt Lunsford Commercial represented the landlord Taurus Investment Holdings. Stephen Williamson with Lee & Associates represented the tenant.

CoServ filed a state permit to construct a 98,000-square-foot operation building on Highway 380 in Krum. Construction on the $15 million project will begin in late June and end in June 2025. Bates and Martin Architects is the listed design firm.  

Standard Textile Co. renewed its 87,816 square foot industrial lease with Heller VII Partnership, L.P. at 225 SW 14th St in Grand Prairie. Transwestern’s John Brewer and Riley Maxwell represented the landlord. Tim Vogds with CBRE represented the tenant.

SPRF C/Haslet Crossing filed three state permits to construct three industrial shell buildings in Haslet. Building A is an 83,434-square-foot, $2.7 million project, Building B is a 92,341-square-foot, $3.1 million project, and Building C is a 321,590, $7.8 million project. Construction on the three buildings will begin in September and conclude September 2022. GSR Andrade Architects is the listed design firm. 

ATC Transportation renewed 75,676 square feet at 12750 Perimeter Drive in Dallas. Ryan Wolcott, SIOR Adam Jones, and Hanes Chatham with Stream Realty Partners represented the landlord and the tenant.

Brilliant Fulfillment renewed its 41,500 square foot industrial lease with DWS Group at 1520 Luna Road in Carrollton. Transwestern’s John Fulton, Brett Owens, and Clayton Johnson represented the landlord.

MULTIFAMILY

S2 Capital just acquired the 369-unit Lincoln Park at Trinity Bluff property in Downtown Fort Worth. The property will undergo a $4.8 million renovation program. Additionally, S2 is planning a complete property rebranding, including new name signage and refreshed amenities. The updated Lincoln Park at Trinity Bluff property will reopen as The Franklin.

Alexan Henderson, a 321-unit apartment property in the Knox-Henderson neighborhood, has sold. IPA’s Drew Kile, Joey Tumminello, Will Balthrope, Taylor Hill, Michael Ware, and Grant Raymond represented the seller, Trammell Crow Residential, and procured Nuveen Real Estate.

RM Texas Partners filed a state permit to construct a 36,192-square-foot multifamily apartment in Fort Worth. Construction on the $18 million project will begin mid-August and conclude in December 2022. Wright Group Architects and Planners is the listed design firm.  

An affiliate of Livingston Street Capital, a boutique private equity firm focused on commercial real estate investments throughout the U.S., has acquired a 180-unit 55+ active adult apartment at 901 N. Garden Ridge Blvd. in Lewisville. The property, which the firm has rebranded as Haven at Lewisville Lake, is the first Texas addition to Livingston’s geographically diverse 55+ active adult and independent living portfolio

Villa Creek, a 162-unit multifamily community located 2835 Villa Creek Drive in Farmers Branch, has sold. Dallas-based Blue Ocean Capital purchased the property from Irving-based Darcorp. Chris Deuillet and William Hubbard with CBRE Capital Markets’ Investment Properties in Dallas represented the seller. William Givens and Robert Siddall with CBRE Debt & Structured Financing group arranged the financing on behalf of the buyer.

Villa Creek Apartments, located at 2835 Villa Creek Drive in Farmers Branch, has sold. The 161-unit residential complex was purchased as an “off-market” transaction from a Dallas-based investor in 2016 and disposed of in 2021. Darwin German Real Estate Investments handled the transaction.

OFFICE

TC Legacy Phase I Venture filed a state permit to construct a 420,000-square-foot, 25 story office building with 14 levels of office over 10 levels of podium parking at Legacy Drive and Communications Pkwy. in Plano/ Construction on the $85 million project will begin in November and conclude in late December 2023. HKS Inc. will lead the design.

Granite Tower, a 10-story high-rise on Valley View Lane at LBJ Freeway, has sold. The 240,000-square-foot building sold to an investment partnership headed by St. Louis-based Larson Capital Management, deed records show.

AIP Plano filed three state permits to construct three multi-tenant buildings in Lewisville with construction starting in July and ending June 2022. Building one will be 26,432-square-feet with 10 units, building two will be 25,657-square-feet with 10 units, and building three will be 17,715-square-feet with eight units. Building one is a $2.4 million project, building two is a $2.4 million project, and building three is a $1.9 million project. GPD Group Professional Corporation is the listed design firm.  

PTCC filed a state permit to construct a 58,800-square-foot single-story office park on Preston Road in Prosper. Construction on the $3.84 million project will begin in July and conclude in December 2023. No design firm is currently listed.  

AHOC filed a state permit to construct a 44,100-square-foot single-story office park on Auburn Hills Parkway in McKinney. Construction on the $2.88 million project will begin in July and end in late December 2023. No design firm is currently listed.  

Randstad Professionals US leased 31,884 square feet at Plaza at Legacy in Plano. Matt Wieser and Ryan Evanich with Stream Realty Partners represented the landlord, MCP Plaza at Legacy. Transwestern represented the tenant.

Dallas Surgical Partners renewed its 17,477 square foot office lease with HRT Properties of Texas. Located at is 3920 Worth Street. Transwestern’s Chris Lipscomb, Brooke Sutherland, and Laney Underwood represented the landlord.

Finance of America Holdings renewed its 9,931 square foot office lease at Tower 909 in Las Colinas. Transwestern’s Kim Brooks, Justin Miller, and Scott Walker represented the landlord., KBS.

Zion Oil & Gas renewed 8,774 square feet at 12655 North Central Expressway in Dallas. Bill Bell with Republic Realty Advisors represented the tenant, and Michael Bowles represented the landlord, Hartman Income REIT.

501 Elm Place

The DevHouse Agency has expanded its space at 501 Elm Place in Dallas. The new lease expands The DevHouse Agency, an AR, VR & Game Production company, to 7,134 square feet in Dallas’ historic West End. Brendan Zrowka and Evan Hammer of Whitebox Real Estate represented the tenant in the transaction, and Ben Cuzen of HPI represented the Landlord.

Ivie & Associates renewed 5,714 square feet at Quorum Place in Dallas. Chase Lopez, Ryan Evanich, and Brandon Terrell with Stream Realty Partners represented the landlord, G&I VIII Quorum Place. Jones Lang LaSalle represented the tenant.

Digital.ai Software leased 5,009 square feet at Granite Park Three in Plano. Granite Properties represented the landlord, Granite Park NM/GP III. Matt Dornak, Wills Bauer with Stream Realty Partners represented the tenant.

Integrity Mortgage Corporation of Texas leased 2,035 square feet at 12221 Merit Drive in Dallas, TX. Ryan Hoopes with Cushman & Wakefield represented the tenant, and Michael Bowles represented the landlord, Hartman Income REIT.

RETAIL

Colony 72 filed a state permit to construct a 32,880-square-foot shell retail building in The Colony. Construction on the $6.5 million project will begin in August and conclude in mid-June 2022. Patrick Ahearne will lead the design.  

Dallas-based experiential lifestyle store, Saint Bernard, just opened its fourth location in Southlake. The newest addition will be located in Shops of Southlake and 14,000 square feet.

RK @ Frisco filed a state permit to construct an 11,345-square-foot retail center on Highway 380 in Princeton. Construction on the $1.5 million project will begin in July and end in January 2022. Stephen Hundley will lead the design.  

Ashton Gray filed a state permit to construct a 10,900-square-foot retail shell in Sunnyvale. The $1.3 million project will begin construction in September and conclude in early January 2022. Miller Architects is the listed design firm.  

Ashton Gray filed a state permit to construct a 9,564-square-foot retail shell at Josey Lane and Parker Road in Carrollton. Construction on the $2,445,775 project will begin in September and end in January. Miller Architects will lead the design.  

Kohshean Kuda filed a state permit to construct a 9,213-square-foot wedding venue and event center in Princeton. Construction on the 1.2 million project will begin in July and end in June 2022. No design firm is listed.  

Italy Family Pharmacy filed a state permit to construct an 8,600-square-foot commercial medical clinic, office, and pharmacy. Construction on the $1.25 million project will begin in July and end in March 2022. Rivera & Cintron will lead the design.  

SSAA-TDYMB Ventures filed a state permit to construct a 4,000-square-foot carwash on Preston Road in Celina. Construction on the $1 million project will begin in July and end in December. Madison Industries is the listed design firm.  

An undisclosed buyer purchased the 2,632 square foot Former 7-Eleven – Fort Worth at 4500 Sycamore School Road. Colin Cannon and Chris Flesner of RESOLUT RE represented the seller. Ben Searway of Coldwell Banker represented the buyer.

Cornerstone Counseling leased 2,233 square feet at Highland Park West, 4300 MacArthur Avenue in Dallas. David Harris, Ben Crancer, and Brendan Zrowka of Whitebox Real Estate represented the tenant on this transaction, and Richmond Collinsworth and Jared Laake with Bradford Commercial Real Estate represented the landlord.

The MELT Ice Creams menu focuses on seasonal fun and funky ice creams with flavors changing regularly.
Courtesy Melt Ice Creams

Fort Worth-based ice cream shop MELT Ice Creams will open a new location at Mule Alley in the historic Fort Worth Stockyards. The 615-square-foot space is being designed by Bennett Benner Partners and will embody MELT’s signature bright yellow aesthetic. The store will be located at 128 E. Exchange Ave.

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