DALLAS — Two locally based brokerage firms, Bill Foose Co. and Wingert Real Estate, have jointly negotiated the sale of a two-acre retail development site at the corner of I-20 and Dowdy Ferry Road in southeast Dallas. Bill Foose of and Jason Wingert collaborated to represent the seller, an entity doing business as 635 Dowdy Venture, in the transaction. Tulsa-based gas station giant QuikTrip purchased the site.
DALLAS — DFA Dairy Brands Fluid, a supplier of fresh milk, has signed a 26,203-square-foot industrial lease in the Owenwood area of Dallas. Holt Lunsford Commercial Investments owns the building at 5200 E. Grand Ave. Canon Shoults, Josh Barnes and Mitch Cantwell of Holt Lunsford’s brokerage division represented the landlord in the lease negotiations. The tenant was self-represented.
HOUSTON — Great Big Game Show, an entertainment concept that centers on interactive drawing, building, guessing and wagering challenges, will open a venue in West Houston. The space is located within the 47-acre CITYCENTRE mixed-use development, adjacent to The Escape Game, whose creators also conceived Great Big Game Show. The opening is slated for the fall. A partnership between Parkway and Midway owns CITYCENTRE.
FORT WORTH, TEXAS — A partnership between Phoenix-based developer Creation Real Estate and J.P. Morgan Asset Management has sold Fort West Commerce Center, a 531,601-square-foot industrial property in Fort Worth. The development comprises three buildings on a 30-acre site on the city’s north side. Tenants at Fort West Commerce Center include Lockheed Martin (136,135 square feet) and Big Ass Fans (221,444 square feet). The buyer was High Street Logistics Properties, an investment firm based in metro Boston. No third-party brokers were involved in the deal.
AUSTIN, TEXAS — A partnership between developers Lincoln Property Co. and The KOR Group has recapitalized Eastbound, a two-building, 233,550-square-foot office complex in East Austin. Fenway Capital Advisors, which previously owned a minority interest in the property, is now the primary equity partner of the co-developers. Ownership is building out spec suites that can support users with requirements from 5,000 to 41,000 square feet. Construction of Eastbound began in 2020 and was completed in mid-2022. Tenants include landscape architecture firm TBG and Furniture Marketing Group.
ALLEN, TEXAS — Amphenol Fiber Systems International (AFSI) has preleased a 94,413-square-foot industrial building in Allen, a northeastern suburb of Dallas. The manufacturer of harsh-environment fiber optic cables is taking space at 121 Technology Park, a development by Stillwater Capital, that will serve as its new headquarters. Mike Kay of Colliers represented the tenant in the lease negotiations. Ken Wesson of Lee & Associates represented the landlord. Occupancy is slated for October.
AUSTIN, TEXAS — JLL has arranged an undisclosed amount of acquisition financing for South Bend Center, a 43,811-square-foot mixed-use property in South Austin. The three-building property was built in 1984 and supports retail, flex warehouse, restaurant and medical office uses. C.W. Sheehan and Peyton Ackerman of JLL arranged the debt on behalf of the borrower, Duncan Park Capital. The direct lender was an undisclosed regional bank.
PLANO, TEXAS — Cadence McShane Construction Co. has signed a 16,242-square-foot office headquarters lease at One Legacy Circle, a 214,110-square-foot building in Plano. Garrison Efird and Steven Blankenship of Newmark represented the tenant in the lease negotiations. Jared Laake of Bradford Commercial Real Estate Services represented the landlord, an affiliate of Gildenson Real Estate. Occupancy is slated for early 2025.
KYLE, TEXAS — Locally based developer Rastegar Property Co. has unveiled plans for Inf1nity Square, a 318-acre master-planned development that will be located in the southern Austin suburb of Kyle. The development will feature roughly 1,000 single-family homes and 1,400 multifamily units as well as 185,000 square feet of commercial space. The commercial component will include retail space, an amenity center and an elementary school, all centered around a town square. In addition, Inf1nity Square will feature 61 acres of open green space that will connect to The Vybe, Kyle’s citywide trail network. CastleRock Communities and Brightland Homes will lead the development of first phase of single-family home development. Trez Capital has provided $31.7 million in construction financing for that phase of the project, which will encompass 329 lots.
DALLAS — Dallas-based Westdale Real Estate Investment & Management has received a $115 million loan for the refinancing of a portfolio of three commercial properties in Texas. The portfolio comprises Epic I, a 282,873-square-foot office building located in the Deep Ellum district of Dallas; Colonnade, a 168,255-square-foot office building located on the north side of San Antonio; and Woodmeade, a 304-unit multifamily property in Irving. The five-year loan carried a fixed interest rate of 7.11 percent and a 70 percent loan-to-value ratio. Giryes Capital Group, an intermediary that connects American borrowers and Israeli lenders, sourced the debt through Pando Cos., a Dallas-based company that is also owned and managed by Giryes founder and CEO Amir Giryes.