Trammell Crow Co. has announced the third phase of its 35 Eagle industrial park, located at Interstate 35 West and Eagle Parkway. Phase III will comprise five Class A speculative industrial buildings totaling more than 2.1 million square feet. Construction is scheduled to begin January 2022.
Once the project completes, Trammell Crow Co. will have delivered more than 5.2 million square feet of industrial space to the Alliance area.
“We are pleased to begin construction on the third phase of 35 Eagle and in response to the tremendous demand we are seeing throughout Dallas-Fort Worth for state-of-the-art industrial and warehouse space,” said Jake Marks, Principal with Trammell Crow Company’s Dallas-Fort Worth Business Unit. “The unmatched visibility and access along Interstate 35W, in the heart of one of the most desired industrial markets in the country, is a significant benefit to this project. Once we complete Phase III, we will have delivered more than 5.2 million square feet of industrial space to the Alliance area.”
35 Eagle Phase III is the third phase of TCC’s 35 Eagle development. Phase I is comprised of two buildings, spanning 1.5 million square feet, and Phase II features three buildings across 1.6 million square feet.
Alliance Architects Inc. is designing the new buildings.
Halff Associates, Inc. will serve as the civil engineer. Steve Trese and Bob Scully with CBRE Dallas are leasing and marketing the project.
INDUSTRIAL
Prologis Inc., one of the country’s largest industrial building owners and developers, has plans to build a 1.3 million-square-foot, two-building warehouse in the Mountain Creek Business Park on Interstate 20. The $64 million-plus industrial development will open late next year.
D/FW North Logistics Center, a two-building, 202,140 square foot. Class A logistics center, located at 2400 & 2402 Esters Blvd in Grapevine, has sold. STAG Industrial purchased the property from an affiliate of Olympus Ventures for an undisclosed price. Randy Baird, Jonathan Bryan, Ryan Thornton, and Eliza Bachhuber with CBRE National Partners arranged the transaction on behalf of the seller. According to CBRE’s Q3 2021 Industrial MarketView, the D/FW airport submarket remained tight with 3.9 million sq. ft. of net absorption year to date and a direct vacancy rate of 4.3 percent. There are currently about 1.9 million square feet of industrial product under construction, which is 27.8 percent preleased.
SCM leased 140,049 square feet at SouthPointe – Building B in Lancaster. CBRE represented the landlord, Clarion Partners. Ryan Boozer and Mac Hall with Stream Realty Partners represented the tenant.
Walnut Hill Business Center, a multi-tenant, 108,154-square-foot industrial property located at 2636 Walnut Hill Lane in Dallas, has sold. Adam Abushagur and Tyler Ranft with Marcus & Millichap’s Dallas office represented the seller and buyer.
Y.H. Texpert Corporation purchased an 81,398 square foot industrial building at 2910-2920 East Avenue F in Arlington. Allen Lee with RE/MAX Diamond represented the buyer. James Mantzuranis, Luke Davis, and Sarah Ozanne with Stream Realty Partners represented the seller, Alpha Thirty LLC.
A locally based LLC has acquired a 73,987-square-foot recently completed industrial building on 4.3 acres in Shiloh Commerce Center, located at 2700 Shiloh Road. The site was acquired to be used as distribution space by AOSS Medical Supply, a Louisiana-based leading private medical supplier to the plasma, blood bank, hemodialysis, EMS, dental, surgical and long-term care market segments. Taylor Black with Weitzman represented the buyer. Kirstin Temesvary and Bucky Gillett of Gillett Commercial represented the seller along with Matt Middendorf with Middendorf Commercial.
STS Steel Technologies leased 48,193 square feet at 4111 Robertson Street in Houston. Eric Crutchfield and Mac Hall with Stream Realty Partners represented the tenant.
TMobile has registered plans to expand its data hall at 11830 Webb Chapel in Dallas to 32,085 square feet. The more than $14 million project will begin in December and finish in March 2023, according to state records. HKS will lead the design.
(PCC) ProComputing Corporation renewed 20,055 square feet at DFW Global Logistics Centre I – Building A in Dallas. CBRE represented the landlord, Clarion. Jeremy Kelly and Todd Noonan with Stream Realty Partners represented the tenant.
D-7 Roofing purchased a 9,720 square foot industrial building at 4849 Olson Drive in Dallas. Adam Jones and Ryan Wolcott with Stream Realty Partners represented the seller, First Avalon Investments LLC.
MULTIFAMILY
According to planning documents filed with the state, Stillwater Capital, which built the Crosby Apartments on Hall Street in 2018, has plans to add a second apartment community to Deep Ellum on Taylor Street at Malcolm X Boulevard. The more than $60 million rental community would start construction early next year and would open in 2024. Dallas architect Omniplan is the listed designer.
Broadstone Southside, a 179-unit apartment property in the South Main Urban Village neighborhood of Fort Worth, has sold. Institutional Property Advisors Michael Ware, Drew Kile, Taylor Hill, Joey Tumminello, Will Balthrope, and Jeffrey Kindorf represented the seller, A joint venture of CP Capital and Alliance Residential, and procured the buyer, Railfield.
Prairie Ridge, a 100-unit apartment at 313 Freetown Road in Grand Prairie, has sold. Nick Fluellen, Bard Hoover, and Wesley Racht, investment specialists in Marcus & Millichap’s Dallas office, represented the buyer and seller.
Agave Villas, a 94-unit apartment at 1113 N O’Connor Road in Irving, has sold. David Fersing, Nick Fluellen, Bard Hoover, and Wesley Racht, investment specialists in Marcus & Millichap’s Dallas office, represented the buyer and seller.
OFFICE
SMU‘s former Plano college campus has sold to California investor Alvarez & Marsal Capital Real Estate, which plans to renovate the 16-acre, four-building property into offices for creative and tech firms.
Alliance For Children, the children’s advocacy center serving all of Tarrant County, is breaking ground on an expansion of its original location at 1320 W. Abram St. in Arlington—part of the nonprofit’s $15.8 million capital campaign. The expansion, which is planned for completion by fall/winter 2022, will include a 24,000-square-foot addition and remodel of the existing building to accommodate its growing counseling department. LBL Architects Inc. provides architectural services, and Hutcherson Construction, Inc. is serving as the general contractor.
Matsing, Inc. expanded into 5,529 square feet at 651 North Plano Road in Richardson. Jay Benner with Cushman & Wakefield represented the tenant, and Lynna Smith represented the landlord, Hartman Income REIT.
Jackson Spencer Law renewed 5,045 square feet at 12221 Merit Drive in Dallas. Collin Mangrum with Mangrum Commercial, LLC represented the tenant, and Richard Maloof represented the landlord, Hartman Income REIT.
RETAIL
The Storage Place, a 73,990 square foot facility at 4809 N. Belt Line Road in Mesquite, has sold. Brandon Karr with Marcus & Millichap’s Fort Worth office represented the seller and buyer.
Flowers Baking Co., a 14,001 square foot tenant flex property at 180 W. Pioneer Pkwy. in Grand Prairie, has sold. Adam Abushagur and Tyler Ranft with Marcus & Millichap represented the seller, a private investor.
Japanese department store Teso Life will move into 10,385 square feet of space at Frisco Ranch shopping center by mid-2022.
Malai Kitchen, a staple in the Dallas dining scene, is set to open its fourth location inside Preston Center Shopping Center at 6130 Luther Lane in Dallas on Nov. 2. The Preston Center Malai Kitchen offers an estimated 3,000 square feet of interior dining with seating for 115 guests. In addition, the new restaurant houses a large U-shaped 22 seat bar spanning a total of 42 feet, a versatile 28 seat patio with air conditioning during the summer along with a firepit for cooler Dallas evenings, and a 500-bottle showcase wine room visible from the dining room.
Pilates214, a locally based pilates studio, has leased 1,516 square feet of space at Mockingbird Central Plaza, a retail center located at 5400 E. Mockingbird Lane near its intersection with US-75, for a new location. Blane O’Banion and Michael Sweet with Weitzman handled negotiations as tenant representatives for the studio.
