Hunt & Hunt Engineering renewed 3,141 square feet at 7211 Regency Square Blvd in Houston, Texas. Donna Svec represented the landlord, Hartman Income REIT.

Meneses Law PLLC leased 2,961 square feet at 1521 N Cooper St in Dallas, Texas. Allison Fannin represented the landlord, Hartman Income REIT.

Eagle Property Capital Investments, LLC (EPC), a vertically integrated real estate investment manager focused on the value-add multifamily space, announced the disposition of Woodchase & Clarendon, a 266-unit apartment community located in Irving, NW of Dallas-Fort Worth, Texas. EPC Multifamily Partners III, LLC (Fund III), a private investment vehicle raised and managed by EPC, acquired the asset in partnership with Belay Investment Group (Belay) in June 2016. It sold for an undisclosed price to Lion Real Estate Group.

Woodchase & Clarendon, located at 4050 & 3800 N. Beltline Road in Irving, was built between 1977 and 1983. EPC’s renovation strategy included upgrading the apartment interiors, existent common areas and amenities, adding new amenities and services as well as employing water and energy conservation programs.

EPC owns 15 multifamily properties in the Dallas-Fort Worth market and remains an active investment and owner-operator in the region.

GREA, specializing in serving institutional and private real estate investors of multifamily assets, is pleased to announce the sale of The Power Properties Portfolio, a 20-property multifamily portfolio located in Old East Dallas that includes the esteemed historic neighborhoods of Swiss Ave, Lakewood, and Peak Suburban.

The 544 units were constructed between 1914 and 1962. The resort-style communities were impeccably renovated in the mid-1990s through the early 2000s. They were assembled by two brothers who are recognized as the original urban pioneers of East Dallas. Together, they worked to maintain the historical integrity of the buildings while infusing modern amenities and providing residents with a unique resort-style living experience. A broad range of architectural themes can be seen throughout, from Old-World Spanish influences, 1920s era Art Deco, New York brick buildings, Mid-Century Modern, French Quarter, Festive Contemporary, and Modern European touches.

GREA ultimately achieved a 105.4% list-to-close ratio on this Receivership sale through a complex marketing structure that included a stalking horse agreement to set a floor on offers before the properties were opened to the broader investor market. The stalking horse agreement was a bold move: If GREA did not achieve a minimum price through marketing, they committed to purchase the portfolio themselves for that price.

The seller was a court appointed receiver, but the properties were not economically distressed. It was a partnership divorce.

The Buyer is 180 Multifamily, a DFW-based investor specializing in value-add assets throughout Texas.

JLL Capital Markets has closed the sale of Star Commerce Center II and IIIA, two Class A industrial warehouses totaling 244,364 square feet in the North Dallas suburb of Frisco.

JLL represented the seller, Blue Star Land, in the sale to Lincoln Property Company.

Star Commerce Center II and IIIA are 100% leased to a strong roster of brand name distribution tenants, including GEA Food Solutions and Vivint. Delivered between 2020 and 2022, the rear-load buildings offer a 32-foot clear height, 34-38 dock high doors, three drive-in doors, 135- to 210-foot truck courts and approximately 15% office finish.

Located at 16005 Gateway Dr. and 16440 Gateway Path within the Northeast Dallas submarket, Star Commerce Center II and IIIA provides north-south and east-west accessibility, connecting the property to Dallas-Fort Worth’s fastest growing population centers as well as regional access to the Texas Triangle, the area between Dallas-Fort Worth, Houston, San Antonio and Austin. This area makes up the seventh largest mega-region in North America and ranks among the world’s 15 largest economies. Furthermore, over the next 40 years, the region’s population is expected to grow by more than 65%.

The JLL Capital Markets Industrial team representing the seller was led by Senior Managing Directors Dustin Volz and Stephen Bailey, Directors Dom Espinosa and Zach Riebe and Analyst Matthew Barge.

Cushman & Wakefield announced today the commercial real estate services firm has arranged a new 26,687-square-foot office lease in the Oak Lawn area on behalf of global talent partner Phaidon International.

Travis Boothe, Robbie Baty, and Hannah Henley of Cushman & Wakefield represented Phaidon International in the lease negotiation. Addie Ludwig with Cawley Partners represented the landlord, Oak Tree Capital and Cawley Partners.

Located at 3102 Oak Lawn Ave., the new Dallas office sits within The Centrum near Turtle Creek Park. The move comes following Phaidon International’s rapid growth within the DFW market. The new office will be able to accommodate in excess of 250 full time employees.

The Centrum features a 15,000-square-foot courtyard, a roof top deck, tenant lounge, conference center, fitness center, and street level restaurants. The mixed-use property also includes 10 stories of office space and eight stories of condominium space. The Centrum is more than just an office building, it’s a lively community workspace with ample areas for collaboration and innovation.