Texas

Cassidy Turley to Develop Office Space in Uptown Dallas

by Danielle Everson November 18, 2014

DALLAS — Cassidy Turley’s project and development services team will oversee the design and construction of Sidley Austin LLP’s 73,600-square-foot office space at the new McKinney & Olive office building in uptown Dallas. Sidley Austin is a law firm with more than 1,800 attorneys in 18 offices around the world. The company has leased the top three floors McKinney & Olive, a new office tower owned by Crescent Real Estate Holdings LLC. The space is located next to the Ritz-Carlton and a few blocks from The Crescent. Brad Blankenship, Dale Martin, Kyle Griffith, Randy Cooper and Craig Wilson of Cassidy Turley arranged the transaction on behalf of the tenant. Gensler is the architect for the project.

November 18, 2014

New Businesses Opening in Colleyville

by Danielle Everson November 18, 2014

COLLEYVILLE, TEXAS — A host of new businesses are set to open in the Dallas suburb of Colleyville. Teddy’s Bigger Burgers, Jersey Mike’s and Colleyville Smiles have all signed leases to open in Colleyville Stampede, a 12,847-square-foot retail building under construction at 4712 Colleyville Boulevard. Tey Tiner of United Commercial Realty represented Standridge Cos. in the lease negotiations. In addition, Luna Grill and Tea2Go have signed leases at Town Center Colleyville. Luna Grill has signed a 10-year lease for 2,443 square feet at 5505 Colleyville Blvd and Tea2Go has signed a 10-year lease for 2,000 square feet at 5611 Colleyville Blvd. Easley Waggoner of Venture Commercial Real Estate LLC represented Velocis Partners in lease negotiations.

November 18, 2014

Mixed-Use Texas

New Tenants Set to Join Mixed-Use Development in Metro Dallas

by Danielle Everson November 18, 2014

FLOWER MOUND, TEXAS — Realty Capital Management LLC, developer of the Lakeside DFW mixed-use development in Flower Mound, has leased 76 percent of the project’s first phase. Lakeside DFW is located at the intersection of FM 2499 and Lakeside Parkway. Phase I consists of six buildings with 50,000 square feet of commercial space on the ground floor, plus a 45,000-square-foot movie theater. Tenants who have signed leases include Cavaro Prime Brazilian Steakhouse, Paradise Bistro and Coffee Co., Taverna del Lago, Bottle & Bottega, Elite Pups Luxury Dog Daycare & Spa, Majestic Nail Spa, The Lodge Barbershop, Amber Michelle Salon, Engel & Volkers and State Farm Insurance. Phase I is set for completion early next year, with businesses opening throughout the first and second quarters of 2015.

November 18, 2014

Office Texas

Hudson Peters Arranges Office Lease in Dallas

by Danielle Everson November 18, 2014

DALLAS — Hudson Peters Commercial has arranged a 51,400-square-foot lease at the Pyramids Office Tower for Shackelford, McKinley, Melton & Norton LLP, a Dallas law firm. The property is located at 9201 N. Central Expressway and is part of the Pyramids at Park Lane complex. Healthcare Realty Trust Inc. owns the complex. Cincha Kostman and Sanober Syed of Hudson Peters represented the landlord. The Amend Group represented the tenant.

November 18, 2014

Multifamily Texas

M&M Arranges Sale of 59-Unit Apartment Building in Metro Dallas

by Danielle Everson November 18, 2014

GARLAND, TEXAS — Marcus & Millichap has arranged the sale of Kent Apartments, a 59-unit apartment complex located in Garland. Robert Denninger of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a limited liability company. Denninger also procured the buyer, an individual/personal trust. Kent Apartments is located at 3810 W. Walnut St., less than three miles north of I-635. The complex features 18 one-bedroom units and 31 two-bedroom units. Floor plans range in size from 625 to 825 square feet. The complex is pet friendly and includes a gated playground for children.

November 18, 2014

Mixed-Use Texas

Construction Begins on Mixed-Use Project near Texas A&M

by Danielle Everson November 17, 2014

COLLEGE STATION, TEXAS — Midway, a Houston-based real estate and development firm, has begun construction on a mixed-use development known as Century Square. The project is being built in partnership with Texas A&M University. The development will feature more than 290,000 square feet of shopping, dining, office and entertainment space, along with two hotels. Century Square will occupy a 60-acre tract along University Drive between Texas Avenue and College Avenue. The project is scheduled for completion in fall 2016.

November 17, 2014

Office Texas

CBRE Brokers Sale of Office Portfolio in Dallas

by Danielle Everson November 17, 2014

DALLAS — CBRE Capital Markets has brokered the sale of two uptown Dallas office buildings on behalf of Caddo Holdings LLC. The portfolio consists of 3500 Oak Lawn Ave. and 4245 N. Central Expressway. Westdale Real Estate Investment & Management purchased the assets for an undisclosed price. Eric Mackey and Gary Carr of CBRE’s Capital Markets Institutional Properties Group in Dallas represented the unnamed seller. 3500 Oak Lawn Ave. is a 101,541-square-foot office building constructed in 1980 at the intersection of Lemmon Avenue and Oak Lawn Avenue. 4245 N. Central Expressway is an 87,292-square-foot office building constructed in 1986 between the Knox/Henderson area and Fitzhugh Avenue.

November 17, 2014

Multifamily Texas

M&M Arranges Sale of 108-Unit Apartment Building in Fort Worth

by Danielle Everson November 17, 2014

FORT WORTH, TEXAS — Marcus & Millichap has arranged the sale of The Carlton Apartment Homes, a 108-unit apartment complex located in Fort Worth. Mason Green of Marcus & Millichap’s Fort Worth office represented both the buyer and seller in the off-market transaction. J. Stark Capital purchased the property in a 1031 tax-deferred exchange. A Fort Worth-based partnership was the seller. The Carlton Apartment Homes is located at 6301 Woodway Drive in Fort Worth. The property was built in 1969 on six acres. Units range from 500-square-foot studios to 1,240-square-foot, three-bedroom units. The average unit size is 1,024 square feet. Amenities include on-site laundry facilities, security cameras and gated entry access. The buyer plans to spend $500,000 in capital expenditures to improve curb appeal and continue a unit upgrade program already in place.

November 17, 2014

Mixed-Use Texas

Embrey Partners Begins Construction on Mixed-Use Development in San Antonio

by John Nelson November 14, 2014

SAN ANTONIO — San Antonio-based Embrey Partners has begun construction on a mixed-use development located at 1819 E. Sonterra Blvd. Dwell at Legacy is located near 326,455 square feet of retail space including Lifetime Fitness, Best Buy, Staples, Main Event Entertainment, Buffalo Wild Wings, Starbucks, Men’s Warehouse and a local farmer’s market. The development is scheduled to open in June 2015 with four buildings. When completed, it will include 289 apartments ranging in size from 550 square feet to 1,200 square feet with one- and two-bedroom layouts. Embrey will also manage the property once the project is complete. Dallas-based Good Fulton & Farrell is the architect. Texas Capital Bank is the lender.

November 14, 2014

Industrial Texas

NAI Houston Negotiates Sale of Industrial Property in Metro Houston

by John Nelson November 14, 2014

STAFFORD, TEXAS — NAI Houston has represented SBP-Development III Ltd. in the sale of a 15,000-square-foot, single-tenant industrial building located at 13340 Pike Road in Stafford, a suburb of Houston. John Ferruzzo, Darren O’Conor and Joshua Lass-Sughrue of NAI Houston represented the seller, SBP-Development III. Mike McMahon of REOC General Partners LLC represented the buyer, Blank Universal LLC.

November 14, 2014

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