Texas

Dallas Cowboys Announce Name for New Headquarters in Metro Dallas

by Haisten Willis November 12, 2014

FRISCO, TEXAS — The Dallas Cowboys have unveiled the name of their planned 91-acre mixed-use development that will include the team’s new headquarters. The Star in Frisco is the official name for the development that will house the Cowboys’ training complex, a 12,000-seat multi-use event center, an Omni hotel and a range of mixed-use elements on the property. The complex is located at the northwest corner of Warren Parkway and the Dallas North Tollway. The Cowboys expect to move into the complex in 2016.

November 12, 2014

Hillwood Announces New Entertainment Venue at Alliance Texas

by Haisten Willis November 12, 2014

FORT WORTH, TEXAS — Hillwood Properties has finalized an agreement with Dallas-based Entertainment Properties Group Inc. to develop PINSTACK, a 50,000-square-foot entertainment venue at Alliance Town Center in Fort Worth. The planned venue will include bowling lanes and a full-service restaurant and bar that can accommodate up to 2,000 guests. The venue will also include meeting spaces to align with corporate and business needs. PINSTACK is scheduled to open in early 2016 at the intersection of Hillwood Parkway and Heritage Trace Parkway.

November 12, 2014

Retail Texas

Robert Faust Co. Arranges $2.8M Construction Loan in Metro Dallas

by Haisten Willis November 12, 2014

KAUFMAN, TEXAS — Robert Faust Mortgage Co. has arranged a $2.8 million construction loan for the proposed Shops at Kings Fort in Kaufman. The 13,244-square-foot retail center will be located on 1.7 acres on the south side of Kings Fort Parkway. The location is just east of Old Kemp Highway and south of Highway 175. A Walmart opened adjacent to the site in April 2014. Tenants will include AT&T, Texas Dentistry, Roma’s Restaurant, Oasis Nails, Great Clips, Popcorn Paradise and Verizon Wireless. Jim Meara with The Meara Co. is the developer.

November 12, 2014

Industrial Texas

NAI Houston Arranges Sale of 10.4 Acres in Metro Houston

by Haisten Willis November 12, 2014

ANGLETON, TEXAS — NAI Houston has brokered the acquisition of 10.4 Acres at Highway 288 Business and CR 220 in Angleton. The site will be developed into an eight-building industrial park. Joel Michael of NAI Houston represented the buyer, Teal Development, in the transaction. Bob Peltier of Bob Peltier & Associates Real Estate represented the seller, Second Baptist Church of Angleton.

November 12, 2014

Mixed-Use Restaurant Retail Texas

Coal Vines Restaurant to Join CityLine Mixed-Use Development in Metro Dallas

by Haisten Willis November 12, 2014

RICHARDSON, TEXAS — KDC has announced that Coal Vines, a fast-casual restaurant, will join CityLine, the company’s 186-acre mixed-use project in Richardson. The restaurant is scheduled to open in summer 2015. The restaurant is an Italian bistro concept serving individual pizzas, salads, pastas and several whole wheat and gluten-free options. Coal Vines will be located on State Street near CityLine Plaza.

November 12, 2014

Office Texas

Hines, Cousins Properties to Develop Office Tower in Dallas

by Haisten Willis November 11, 2014

DALLAS — Hines and Cousins Properties Inc. have formed a joint venture to develop Victory Center in the Uptown Dallas submarket. The planned 23-story tower will include 466,000 square feet of office and retail space. Duda/Paine Architects will design the project, which will be built to LEED Gold standards. The 2.9-acre site is under contract and construction is expected to begin in mid-2015. Victory Center will be located just north of Hines’ One Victory Park office development, near the DART rail system, the Katy Trail, W Dallas Victory Hotel and American Airlines Arena.

November 11, 2014

Retail Texas

New Tenants Sign on at Mixed-Use Development in Dallas

by Haisten Willis November 11, 2014

DALLAS — New restaurant and retail leases have been signed in Phase I of Preston Hollow Village, a 42-acre mixed-use development in Dallas. The property is located at the northwest corner of Walnut Hill and Central Expressway. Phase I of the project is slated to open in early 2015, with Phase II groundbreaking scheduled for about the same time. A 14,000-square-foot Trader Joe’s and 75,000 square feet of retail and restaurant space will anchor Phase I. Dentist, doctors and other professional service firms will move into a 60,000-square-foot office building, which is on target to be completed in early 2015.

November 11, 2014

Retail Texas

HFF Arranges Sale of Retail Center in Metro Houston

by Haisten Willis November 11, 2014

KATY, TEXAS — HFF has arranged the sale of Mason Village Shopping Center, a 97,405-square-foot retail center in the Houston suburb of Katy. HFF marketed the property on behalf of a private Houston owner. DNA Partners purchased the asset free and clear of existing debt. The property sits on 9.5 acres at 21945 Katy Freeway near the intersection of Mason Road and I-10. The 99 Cents Only Store anchors the shopping center, which is 94 percent leased to 17 tenants including Harbor Freight Tools, Jason’s Deli, Freebirds World Burrito, Huntington Learning Center, Just for Feet and Jiffy Lube. Ryan West led the HFF investment sales team representing the undisclosed seller.

November 11, 2014

Industrial Texas

Lee & Associates Negotiates Sale of Industrial Portfolio in Fort Worth

by Haisten Willis November 10, 2014

FORT WORTH & BRYAN, TEXAS — Lee & Associates has negotiated the sale and lease back of a two-building industrial portfolio in Fort Worth and Bryan. Mark Graybill and Adam Graham of Lee & Associates’ Dallas/Fort Worth office represented the unnamed seller for the two properties. The portfolio consists of a 48,000-square-foot industrial building located at 7200 Jack Newell Blvd. in Fort Worth, and a 26,000-square-foot industrial building at 2801 N. Earl Rudder Freeway in Bryan. Both properties are manufacturing facilities with outside storage and long-term leases. Triple Net Acquisitions purchased the property and was represented in-house in the transaction.

November 10, 2014

Multifamily Texas

Muskin Commercial Arranges Sale of Apartment Complex in Austin

by Haisten Willis November 10, 2014

AUSTIN — Muskin Commercial LLC has arranged the sale of Retama Trace Apartments, a 42-unit complex located at 9209 Northgate Blvd. in Austin. The property was built in 1984 and sits on 1.3 acres of land. Amenities include a swimming pool, picnic courtyard and native landscaping. Karl Haussmann of Hindsite 20/20 Real Estate represented the buyer, 3405 Dimond LLC. Ellen Muskin and Daniel Elam of Muskin Commercial represented the seller, 9209 Northgate LLC.

November 10, 2014

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