Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected].
The next phase of Frisco’s $1 billion Gate mixed-use project will bring 16,000 square-feet of restaurant and retail space to 49-acre Gate development just north of the Dallas Cowboys’ Star development. A luxury Colombian seafood restaurant has already signed a lease at the two-building center, according to developers.
Conduit Architecture + Design is the architect for the project, and the MSF Contracting Group is the contractor.
The next phases for the 2.3 million-square-foot site include a 28-story tower by Dallas-based JMJ Development that will include 225 luxury hotel rooms and 150 condo units.
INDUSTRIAL
Amazon continues to expand its DFW presence with two distribution sites in Tarrant County. The e-commerce giant leased about 400,000 square feet at 651 Klein Tools Boulevard in Mansfield and 2400 Centennial Drive in Arlington. The last-mile shipping hubs are valued for construction at more than $40 million. Arlington-based PDMS Design Group is the architect for the projects.
DXP Enterprises renewed 104,902 square-feet at Pinnacle Industrial Center – Building A in Dallas. NAI Robert Lynn represented the landlord, Pinnacle A. Jason Moser with Stream Realty Partners represented the tenant.
Magnus Chemical has expanded to The Star Commerce Center in Frisco. Magnus Chemical provides specific specialty cleaners developed and approved on foodservice equipment, along with hand care and full-service cleaning and sanitizing solutions. Located at 16005 Gateway Drive in Frisco, Magnus Chemical’s new 44,1444 square-foot space will accommodate the company’s need for a larger store and distribution center to better supply the high demand of cleaning and sanitation products that has arisen with the COVID-19 pandemic. This location also marks Magnus Chemical’s central location expansion from Irving, Texas, to a high growth area such as Frisco. Ryan Boozer, along with Charles Brewer and Lena Pierce of Stream Realty Partners’ Dallas Industrial Division, represented the tenant. Gil Stroube of Lincoln Property Company represented the landlord.
2500 Broadway Street, a 30,725-square-foot industrial property on 10-acres in Sweetwater, has sold. Adam Abushagur and Davis Cagle with Marcus & Millichap represented the buyer and seller.
Fairway Supply renewed 29 665 square feet at PARC 114 – Building 3 in Irving. Jeremy Kelly and Sarah Ozanne with Stream Realty Partners represented the landlord, Link Industrial Properties. Blake Kendrick, Ryan Boozer, and Lena Pierce with Stream Realty Partners represented the tenant.
E&A TransPros, an Illinois-based logistics firm, is expanding its Dallas-Fort Worth footprint with the lease of 19,643 square-feet at Hanover 4 at 801 Hanover Drive in Grapevine. E&A has relocated from Carrollton to a project that’s less than four miles from the airport’s northern entrance. Gil Stroube of Lincoln Property Co. represented the landlord.
Interceramic renewed 15,400 square-feet at Jupiter Service Center in Plano. James Mantzuranis and Ryan Wolcott, SIOR with Stream Realty Partners, represented the landlord, Ranger D-TX. Steve Berger, with CBRE, represented the tenant.
Deep Ellum Brewery leased 11,040 square feet at 1133 South Madison Avenue in Dallas. Drew Feagin and Adam Jones with Stream Realty Partners represented the tenant.
OFFICE
Prism Health North Texas (PHNTX) signed a new, two-floor 12,835 square-foot lease with Healthcare Realty Trust Incorporated at 4004 Worth Street in Dallas. This new location will support the organization’s nationally recognized HIV/AIDS medical research, community outreach, education, and care coordination services, along with a potential future expansion of medical services. Eliza Solender of Solender/Hall represented PHNTX, and Transwestern’s Chris Lipscomb, Laney Underwood, and Brooke Sutherland represented the landlord.
A Louisianna-based company has filed a permit to build Cascade Creek Office Condominiums at 3721 South Stonebridge Drive in McKinney. The 61,250-square-foot project is expected to begin construction this November and complete December 2022.
Octapharma Plasma signed a new 9,598 square-foot lease with Retail Plazas at 1030 West University Drive in Denton. Transwestern’s Mason Bishop represented the landlord.
Roscoe Properties leased 8,598 square-feet at Preston Commons Bank Tower in Dallas. HPI Real Estate Services & Investments represented the landlord, Medecision. Dan Harris, Randy Cooper, and Dante Krieger with Stream Realty Partners represented the tenant.
Bounty Minerals extended its 7,264 square-foot lease at 777 Main in downtown Fort Worth. Transwestern’s Whit Kelly and Dallas Margeson represented the landlord.
Sandra U Buttine, OTR, renewed 5,408 square-feet at 12850 Hillcrest Road in Dallas for 3 years. Alex Foley and Ben Goldthorpe with Swearingen Realty Group represented the tenant, and Dana Alfirevic represented the landlord, Hartman Income REIT.
Remedy RX renewed 4,040 square-feet at 1057 S. Sherman St. in Richardson for 5 years. DeMarcus Owens represented the landlord Hartman Income REIT.
Kansal Eye renewed 3,816 square-feet at 770 North Coit Road in Richardson for 3 years. Kat Morrison represented the landlord, Hartman Income REIT.
RETAIL
Hjjr purchased 3.5 acres of land in the Mira Lagos Community with plans to develop a neighborhood retail center to service the residents along Lake Joe Pool. Demian P. Salmon with Stream Realty Partners and Kevin Cho with The Way Realty Advisors represented the buyer. John Carter, with Hanover Property Company, represented the seller, Hanover Properties.
Asbury Automotive Group has filed a permit to build a David McDavid Lincoln Frisco dealership and service center at 6600 State Highway 121 in Frisco. Construction on the $10.5 million 37,800-square-foot project will begin in January 2021 and be completed by the end of the year. Praxis3 Architecture Corp is the listed design firm.
Belt Line Crossing, a 13,290-square-foot retail property at 2030 N. Beltline Road in Mesquite, has sold. Philip Levy, with Marcus & Millichap’s Dallas office, represented both the seller and buyer.
The Texas Ticket Building (Mandell Building), 7,396-square-foot retail property at 3508 Greenville Ave. has sold in Dallas. With Marcus & Millichap’s Dallas office, Joe Santelli and Matthew Sheard represented both the seller and buyer.
Take 5 Oil Change, located on University Drive in McKinney, was sold. The storefront has a new 10-year lease in place. Commercial real estate firm STRIVE represented the seller, a Dallas-are investor, and cooperated with an outside broker to source the Buyer from San Antonio.
Wave Max Laundry has leased 3,050 square-feet at Kroger Plaza on Galloway and Kearney streets in Mesquite. David Levinson, with The Retail Connection, represented the landlord, Kimco Mesquite. Dale Bryant of CIO Realty represented the tenant.
