REBusinessOnline

Perot Development to Build 2.4 MSF Industrial Park Near DFW Airport

IRVING, TEXAS — Perot Development Co. will build a 2.4 million-square-foot industrial park on a 196-acre tract located at the eastern end of Dallas-Fort Worth International Airport. The site, which is located near the regional hubs of FedEx and UPS, fronts the George Bush Turnpike and connects to a Dallas Area Rapid Transit (DART) station. The project is expected to break ground by March 2019 and will deliver four buildings that are anticipated to be available for lease by 2020. Halff …

Chatham Lodging Acquires Marriott-Branded Hotel in Downtown Dallas for $49M

DALLAS — Florida-based hospitality REIT Chatham Lodging Trust (NYSE: CLDT) has acquired the 167-room Courtyard by Marriott Downtown Dallas for $49 million. The 12-story hotel, which opened in September, features 3,500 square feet of meeting space and a rooftop restaurant and bar. Island Hospitality Management will manage the property, the seller of which was not

StorageMart Purchases 500-Unit Self-Storage Facility in San Antonio

SAN ANTONIO — Missouri-based self-storage owner-operator StorageMart has purchased a facility located on Braun Road in northwest San Antonio. The property totals 72,000 square feet of net rentable space across 500 units, 212 of which are climate-controlled. The property also offers 23 parking spaces for rent. The new ownership will upgrade the facility’s security systems and fencing. The seller was not

Adolfson & Peterson Delivers Apache’s New 70,000 SF Office in Midland

MIDLAND, TEXAS — Minneapolis-based general contractor Adolfson & Peterson Construction (AP) has delivered a new, 70,000-square-foot regional office for oil and gas firm Apache Corp. in the West Texas city of Midland. Designed by Kirksey Architecture, the property offers amenities such as a cafeteria, fitness center, childcare center, meeting space and a health clinic. Construction began in July

Coworking Firm to Open 31,152 SF Space at West Plano Village

PLANO, TEXAS — Coworking firm Spaces, which was founded in Amsterdam, will open a 31,152-square-foot space at West Plano Village on the northern outskirts of Dallas. The space is scheduled to open in late summer 2019. Fults Commercial and Weitzman, the latter of which manages the retail and office space at West Plano Village, handled lease negotiations for the landlord. CBRE

PGA to Move Headquarters from South Florida to Frisco, Invest $500M

FRISCO, TEXAS — The PGA of America will move its headquarters from South Florida’s Palm Beach County to Frisco, where it will anchor a 600-acre, mixed-use development. The organization’s initial investment in the northern Dallas suburb will exceed $500 million, while the overall economic impact of the move will exceed $2.5 billion over the next 20 years. The PGA’s new headquarters will include two championship golf courses, a short course and practice areas totaling 45 holes, as well as …

Logistics Property Co. Buys 252-Acre Industrial Park in Metro Dallas

WILMER, TEXAS — Chicago-based Logistics Property Co. LLC (LPC) has purchased Southport Logistics Park, a 252-acre industrial park located in the southern Dallas suburb of Wilmer. The site, which is located one mile from Interstate 45 and the Union Pacific Intermodal, currently houses 1.5 million square feet across two buildings. LPC intends to expand the park to ultimately feature more than 8.6 million square feet of Class A space. CBRE will market the project for

Leon Capital to Develop 364-Unit Apartment Community in Lewisville, Texas

LEWISVILLE, TEXAS — Dallas-based Leon Capital Group will develop Lakeyard District, a 364-unit multifamily community that will be located in the northern Dallas metro of Lewisville. Situated on 15.2 acres, the Class A property will offer one-, two- and three-bedroom units and amenities such as a pool, outdoor grilling area, fitness center, dog park and TV lounges. LG Wade is the general contractor for the project and BGO Architects is handling design. Preleasing is expected to begin in …

Q10 KDH Arranges $26.1M Loan for Office Portfolio in Texas

HOUSTON — Houston-based Q10 KDH has arranged a $26.1 million non-recourse loan for a portfolio of single-tenant office buildings located across Texas. The portfolio consists of 20 assets totaling 295,104 square feet across 18 markets. Proceeds were used for both acquisitions of new properties and refinancing of existing assets in the undisclosed borrower’s portfolio. Emily Zarcaro of Q10 KDH arranged the 10-year, fixed-rate loan, which included five years of interest-only payments, through …

Greysteel Arranges Sale of 54-Unit Apartment Community in Fort Worth

FORT WORTH, TEXAS — Greysteel has arranged the sale of Ridglea Square Apartments, a 54-unit multifamily community in Fort Worth. The property was built in 1960 and is located near Texas Christian University, the Fort Worth Botanical Gardens and Fort Worth Zoo. Doug Banerjee, Boyan Radic, Andrew Mueller, Andrew Hanson, Scott Simon, Jack Stone and Moises Maldonado of Greysteel represented the seller and procured the buyer in the transaction. Both parties requested

subscribe


Conferences