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Creation Equity to Begin Construction on Industrial Development Mesquite 635

Plus: Transwestern begins construction on nearly 2 million square feet of industrial space; Colliers transacts a 260,000-square-foot office space along North Central Expressway; and more.
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Mesquite 365
Stream Realty

Creation Equity, in congruence with sister company LGE Design Build, will break ground in Q1 of 2022 on Mesquite 635, a 3-building, 555,790-square-foot industrial park located on the southeast corner of Interstate 635 and Highway 80.

Mesquite 635, a joint venture between Crow Holdings Capital and Creation, an alternative investment and real estate development firm, will offer three buildings of 159,728 square feet, 156,144 square feet, and 239,918 square feet. Stream Realty Partners‘ Managing Director Matt Dornak and Vice President Ryan Wolcott will oversee leasing. 

“The east side of the Metroplex is seeing a major uptick in industrial demand,” Dornak said. “But few opportunities are available, and the future development pipeline lacks for tenants ranging from 30,000 to 200,000 square feet. Mesquite 635 fills the market gap offering best-in-class industrial space to accommodate tenants 35,000 to 240,000 square feet. Being located at Interstate 635 and Highway 80 is the single-most attractive attribute of this project, which can serve the supply chain locally, regionally, and nationally.”

Pre-leasing demand for the project has already begun.

Industrial

Transwestern has begun construction on nearly 2 million square feet for two separate projects in Fort Worth and McKinney. Encompassing 1.02 million square feet is Cowtown Crossing, a three-building logistics center located at the intersection of Highway 287 and I-35W in Fort Worth. It is scheduled to be delivered in late 2022.

Totaling 945,000 square feet is McKinney National Business Park, which comprises 64 acres and five buildings located adjacent to the McKinney National Airport. Transwestern’s Denton Walker and Wilson White will lead efforts on both projects.

Urban Logistics Realty has announced a plan to develop Urban District 35, a four-building, 440,663-square-foot industrial park located in Denton. Jason Nunley, Adam Herrin, and Drew Feagin with Urban Logistics will oversee the development of the project with the leasing and marketing assistance of Andrew Gilbert, Keaton Brice, and George Jennings of Holt Lunsford Commercial. Construction is expected to be completed by Q4 of 2022.

CBRE has arranged the sale of Mercantile Distribution Center 40, a 182,500-square-foot distribution center located in North Fort Worth and less than two miles from I-820 and I-35 West. The facility is fully leased to a single tenant. New Jersey-based Faropoint purchased the property from Austin-based Marbella Interests. Randy Baird, Jonathan Bryan, Ryan Thornton, and Eliza Bachhuber with CBRE arranged the transaction on behalf of the seller.

Mercantile Distribution Center 40
Mercantile Distribution Center 40 CBRE

Billingsley Company announced that Zuri Furniture has inked a 10-year lease on 270,686 square feet at Austin Ranch located at 601 Tittle Drive. The warehouse is currently under construction and is expected to be delivered by March 1. Chad Albert from Robert Lynn Company represented Zuri Furniture and George Billingsley represented Billingsley Company.

White Box Real Estate represented Factory Blue in its lease negations of a new 23,339-square-foot warehouse located at 5200 E Grand Avenue in Dallas. Ben Crancer, Evan Hammer, and Brendan Zrowka represented Factory Blue in the transaction, and Cannon Shoults and Mitch Cantwell represented the landlord.

Office

Colliers has finalized the transaction of a 260,000-square-foot office space located along North Central Expressway bordered by Walnut Hill to the south and Royal Lane to the north. The building was acquired by Bradford Companies.

Richmond Collinsworth, first vice president of Bradford, represented the buyer, who will invest $8 million to upgrade the 16-story, class A office project. Construction will commence in Q1.

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Colliers

Williams Mechanical has leased 9,904 square feet of flex space in Las Colinas Business Park, located at 6025 Commerce Dr. in Irving, from DFW Gateway. Jared Laake, vice president of Bradford Commercial Real Estate Services, and Erik Blais, first vice president, represented the landlord. Anthony Enih of RE/Max Legacy Living represented the tenant.

XL Parts has leased 7,744 square feet of flex space in Whitlock Business Center II, located at 1235 Whitlock Lane in Carrollton, from Kennington Whitlock 2. Brian Pafford, executive vice president and managing partner of Bradford Commercial Real Estate Services, represented the landlord. Dave Peterson of NAI Robert Lynn represented the tenant.

Upside to Youth Development dba Holistic Therapeutic Services leased 4,478 square feet at 12850 Hillcrest Road in Dallas. Lynna Smith represented the landlord, Hartman Income REIT.

Irving Charismatic International Church has renewed 3,269 square feet of flex space in Las Colinas Tech Center, located at 2108 Hurd Dr. in Irving. Jason Finch, vice president of Bradford Commercial Real Estate Services, represented the landlord, Las Colinas Industrial, in the direct deal.

Turn Medical has leased 2,471 square feet of office/warehouse space in Commerce Park, located at 8401-8432 Sterling St. in Irving, from Commerce Park Owner. Jason Finch, vice president of Bradford Commercial Real Estate Services, and Michael W. Spain, executive vice president and managing partner, represented the landlord. Bo Puckett of JLL represented the tenant.

Kid Pro has leased 1,159 square feet of office space in White Rock Tower, located at 6510 Abrams Rd. in Dallas, from AG Commercial Management. Melanie Hughes, senior vice president of Bradford Commercial Real Estate Services, and Erik Blais, first vice president, represented the landlord in the direct deal.

Residential

Bloomfield Homes, in agreement with the City of Anna, will be developing a 390-acre mixed-use development west of U.S. Highway 75 and south of Farm-to-Market 455. Up to 969 single-family homes will become available, alongside commercial properties, multifamily developments, and a professional campus. The project will generate more than $600 million in taxable value with a sales tax revenue of $1 million for the City of Anna.

Banyan Residential has broken ground on Banyan Flats, a 289-unit apartment community located at 2022 N. Beckley Avenue. within the Bishop Arts District. Units will range from 415 square feet to 1,425 square feet. Banyan is partnering with Bridge Investment Group on the project and J.P. Morgan provided financing. The apartments will be designed by JHP Architecture.

Retail

David Dike Fine Art has leased 6,300 square feet of retail space in Alpha Plaza, located at 4887 Alpha Rd. in Farmers Branch, from Kennington Alpha Plaza. Melanie Hughes, senior vice president of Bradford Commercial Real Estate Services, and Elizabeth Hooper, market director, represented the landlord. Mike Smith of Mike Smith & Co. represented the tenant.

Game Show Battle Rooms has leased 5,040 square feet of retail space in Alpha Plaza located at 4887 Alpha Rd. in Farmers Branch, from Kennington Alpha Plaza. Melanie Hughes, senior vice president of Bradford Commercial Real Estate Services, and Elizabeth Hooper, market director, represented the landlord. David Wilganowski of Mercer Co. represented the tenant.

Bella Bra Shop has leased 3,600 square feet of retail space in Alpha Plaza, located at 4885 Alpha Rd. in Farmers Branch, from Kennington Alpha Plaza. Melanie Hughes, senior vice president of Bradford Commercial Real Estate Services, and Elizabeth Hooper, market director, represented the landlord. Angela Hawkins of Capstone Commercial Real Estate Group represented the tenant.

Hillside Village in Lakewood has added nine tenants to its shopping center lineup ranging from toy stores to health and wellness services. Tenants include Froggie’s 5 & 10 and Betty Lou, F45 Training, Ferrari Orthodontics, Pet Bar, Parlor’s Handcrafted Ice Cream, Susie Cakes, Boardroom Salon, and Massage Heights.

Author

Ben Swanger

Ben Swanger

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Ben Swanger is the assistant editor for D CEO, the business title for D Magazine. Ben manages the Dallas 500

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