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Deal Ticker

McKinney’s District 121 Signs Its First Restaurant Tenants

Plus: Trammell Crow Residential's push for affordable housing in Denton; Transwestern's 109,000-square-foot sale-leaseback; and more.
By Taysha Billinger |
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District 121 in McKinney Courtesy M Crowd Restaurant Group

District 121, a $250 million mixed-use development, has signed its first restaurants in Fort Worth. The site is located at the northeast corner of State Highway 121 and Alma Road in McKinney, adjacent to Craig Ranch. Bob’s Steak & Chop House has taken 7,600 square feet in a stand-alone building including a cigar bar. M Crowds’ Mi Cocina concept will occupy 6,600 square feet in a standalone location. Texas Bank and Trust is the loan originator for the project.

The location will be Mi Cocina’s 23rd restaurant. “Our plan is to build a restaurant where guests can enjoy Mi Cocina favorites like enchiladas, fajitas, and, of course, the legendary Mamo Taxi, with a second-floor upscale bar for adults to enjoy elevated margaritas and cocktails, overlooking the District 121 greenspace below,” says Edgar Guevara, president and CEO of M Crowd Restaurant Group.

Industrial

Biagi Warehousing renewed its 179,875 sqaure foot industrial lease with Mapletree Investments located at 605 110th St. in Arlington. Transwestern’s John Brewer and Riley Maxwell represented the landlord.

Morgan Development and Supply renewed its 60,000-square-foot industrial lease with Gillis Thomas Company located at 3715 East Ave. E in Arlington.  Transwestern’s John Brewer and Riley Maxwell represented the tenant.

Multifamily

Trammell Crow Residential is planning on constructing $1.5 billion worth of affordable housing across the country, starting with Allora apartment communities in both Denton and Houston. The Denton project is located near U.S. Highway 380, and will open 378 units this spring.

“As many people in the country grapple with economic uncertainty and rising costs, the demand for attainable communities like Allora will only continue to grow,” said Crow Holdings CEO Michael Levy in a statement.

Office

Dezine News Accessories completed a 109,000-square-foot sale-leaseback at 4051 La Reunion Pkwy. Transwestern’s Collin Rock and Robert Deptula represented the seller.

Sterling Management Company of New Mexico sells a-21,282 square-foot medical office building at 812 W Morphy, Tarrant County. Transwestern’s Jim Sager facilitated the transaction.

IES Residential signed a new 10,575-square-foot industrial lease with Minsprings in Arlington. Transwestern’s Lyndon Todd represented the tenant.  

Westwood Contractors renews its 7,791-square-foot office least at 901 W 7th St. in Fort Worth. Transwestern’s Jack Huff represented the tenant.

Crossplaine Capital Management signs a 7,344-square foot office lease at Saint Paul Place in Downton Dallas. Transwestern’s Billy Gannon represented the tenant. Heitman is the landlord.

Burns & Wilcox renewed its 7,347-square-foot lease at Providence Towers in Dallas. Transwestern’s Kim Brooks, Scott Walker and Justin Miller represented the building. KBS Realty Advisors is the landlord.

Retail

Wing Snob has leased 2,021 square feet of retail space in Midpark Center located at 3400 East Hebron Parkway. Korey Silverman with Weitzman was an exclusive tenant representative for Wing Snob. Stewart Korte with NAI Robert Lynn represented the shopping center.

Wing Snob will open in early 2022 and join a lineup that includes Pie Five, Five Guys Burgers & Fries and Gigi’s Cupcakes, making it their fifth North Texas location.

Capriotti’s Sandwich Shop, a Las Vegas-based restaurant chain, has leased 1,441 square feet of retail space at 801 International Parkway near the Lakeside Parkway intersection. Gretchen Miller and Maggie Hansen with Weitzman handled negotiations as tenant representatives for Capriotti’s Sandwich Shop.

Land

AKOE sells 106 acres of land to DBK Industries located at 200 W Cleburne Road. Transwestern’s Larry Jordan and Ben Coffee facilitated the transaction.

Total E&P USA Real Estate has sold an 8-acre site of land to Pearson Grove at 1630 Rogers Road. Transwestern’s Gibson Duwe and Kyle Poulson facilitated the transaction.

Author

Taysha Billinger

Taysha Billinger

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