Tracy Li, CCIM closed lease at 909 Lake Carolyn Pkwy, Irving, TX 75039— OCTOBER, 2022 — SVN | Dunn Commercial, a full-service commercial real estate brokerage firm and part of the SVN® brand, is pleased to announce the lease of a 12,890 SF class A office space in Irving, TX.

Tracy Li represented the lessee through an extensive search of the DFW market and ultimately assisted them with their selection of Tower 909. The reason that this property made it to the top of their list was due to the unparalleled views, walkability, and easy access to the DFW Airport. “The minute that we walked into the space, my client felt right at home. The floor plan suited them well and the landlord was easy to work with,” Tracy Li said.

Tower 909 is a high-rise, multi-tenant, Class A office building recognized for its location within the Urban city of Las Colinas. This reflective glass 374,251 square-foot, 19-story office building has beautiful views overlooking Lake Carolyn. Amenities like an on-site fitness center, tenant lounge, a grand two-story lobby, and more make this office space an attractive space to lease for any tenant. Nearby transportation, entertainment, restaurants, and shopping also add to the value of this office space.

For more information on SVN Dunn Commercial or assistance with your commercial real estate needs, please check out our website or give us a call at 817-640-9964.

About SVN®

SVN International Corp. (SVNIC), a full-service commercial real estate franchisor of the SVN® brand, comprises over 1,600 commercial real estate Advisors and staff, in more offices in the United States than any other commercial real estate firm and continues to expand across the globe. Geographical coverage and amplified outreach to traditional, cross-market and emerging buyers and tenants is the only way to achieve maximum value for our clients. This is why we proactively promote properties and share fees with the entire industry. This is our unique Shared Value Network® and just one of the many ways that SVN Advisors create amazing value with our clients, colleagues and communities. All SVN® offices are independently owned and operated.

For more information, visit www.svn.com.

Contact Name: Tracy Li, CCIM
Title: Advisor
Email: tracy.li@svn.com
Phone: 972-391-7016
745 Atlantic Avenue, 8th Floor | Boston, MA 02111 | P. 888-311-0605 | www.svn.com

DALLAS – Dec. 1, 2022 – The first phase of a 2.3-million-square-foot industrial park that delivered in the third quarter of this year is now 100 percent leased.

Mesquite Airport Logistics Center is a state-of-the-art, multi-phase industrial park at 4180 E. Scyene Road in Mesquite owned by Dalfen Industrial. Phase I of the master-planned project included over one million square feet between two buildings. Tempe, Arizona-based Coleman Powersports leased Building 1, totaling 379,620 square feet. Masonite International Corporation, based out of Tampa, FL, leased Building 2 totaling 626,718 square feet. Both companies are expanding their industrial footprint in the Dallas-Fort Worth area. Stream Realty Partners, a national real estate services, development, and investment firm, represented Dalfen in the transaction.

“We are excited to welcome Coleman Powersports and Masonite Corporation as the first occupants of Mesquite Airport Logistics Center,” said Sean Dalfen, President and CEO of Dalfen Industrial. “We’ve developed and acquired over 3.5 million square feet in Mesquite and continue to see increased tenant demand attracted to the eastern side of the Metroplex. This project was designed to capture the needs of tenants like Coleman and Masonite that recognize the value and opportunity of investing in their supply chain and logistics operations in DFW. It’s been great seeing that vision come to fruition.”

The logistics park offers amenities such as ample parking to accommodate a wide range of tenants, from distributors to manufacturers. Trailer parking, 36-foot and 40-foot clear heights, speculative office space, white boxed warehouse, painted columns, and easy access provide tenants with a move-in ready facility that can be easily configured. Once completed, the park will boast over 2.3 million square feet of cross-dock space, which can be easily secured.

Located in Mesquite, within Kaufman County and east of the heart of Dallas, Mesquite Airport Logistics Center provides access to a strong labor pool that continues to draw tenant attention. The park is close to FedEx Ground, UPS Customer Center, and the Union Pacific Intermodal, and adjacent to the Mesquite Metro Airport. The park’s easy access to Highway 80 and Interstates 635 and 20 position it well for distributors.

Phase II is under construction and expected to deliver in the second and third quarters of 2023. It includes three buildings totaling 1,333,790 square feet. Buildings 3 and 4 each will be 342,196 square feet, and building 5 will be 649,398 square feet.

“Mesquite and Kaufman County make up a rapidly growing area that offers a pro-business environment and unmatched access to labor–meeting two of Coleman Powersports and Masonite Corporation’s goals for their expansion,” said Matt Dornak, Managing Director of Stream Dallas. “Dalfen analyzed the park and built a logistics center that appeals to many companies demanding space in the Mesquite area. The 1.3 million square feet of phase II is much-needed industrial space to the area and meets the needs of tenants we are seeing in the market.” Dornak and Senior Vice President Ryan Wolcott provide leasing services at the development. For leasing information, contact Stream Dallas at 214.267.0400.

About Stream Realty Partners

Stream Realty Partners is a full-service commercial real estate firm with integrated offerings in leasing, property management, tenant representation, development, construction management, investment sales, and investment management services. Headquartered in Dallas, Stream is dedicated to sourcing acquisition and development opportunities for the firm and its clients. Since 1996, the company has grown to a staff of more than 1,200 professionals with offices in Atlanta, Austin, the Carolinas, Chicago, Dallas, Denver, Fort Worth, Houston, Greater Los Angeles, Nashville, Northern Virginia, Phoenix, San Antonio, and Washington, D.C. Stream completes more than $5.8 billion in real estate transactions annually and is an active investor and developer across the nation. Visit www.streamrealty.com.

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CONTACT:
Brian J. Medricka
Stream Realty Partners
Director, National Communications, Public & Media Relations
214.560.3033

Linda Leciejewski d/b/a Aflac Insurance leased 2,710 square feet at 17300 N. Dallas Parkway in Dallas, TX. Jack Moravcik with Swearingen represented the tenant, and Caleb Ninemire and Richard Maloof represented the landlord, Hartman Income REIT.

Steven Bell leased 2,239 square feet at 12655 N. Central Expressway in Dallas, TX. Justin Utay with NAI Robert Lynn represented the tenant, and Caleb Ninemire and Richard Maloof represented the landlord, Hartman Income REIT.

Wealth, abundance, prosperity, and substantiality are our ‘gold,’
says Douglas Elliman’s Arthur Greenstein.

We hear about it every day – the interest rate is going up, supply issues, backed-up permit offices, and the pending recession. A lot of what you read might be clickbait, the doom, and gloom that draws our ever-inquisitive attention to the story at hand. The media faces the challenge of keeping readers gripped to the story while being informative about every market and submarket in the country. Writers often must choose between macro and microeconomics to share a more transparent look into what’s going on specifically in our state and even deeper for a more augmented look into our city.

We are not in good shape; WE ARE IN GREAT SHAPE!

According to the US Bureau of Economic Analysis, Texas is the 9th largest economy in the world. We’re the second biggest economy in the U.S., and our exports are higher than New York and California combined. Commercial real estate sales in Dallas Fort Worth are the highest in the country, almost equaling Los Angeles and Atlanta combined.

Texas, and specifically Dallas, is not just in good shape; it’s in great shape! Let’s dive into a few of the main reasons why…

Click to read more at www.dmagazine.com.

Pensam has closed on a $7.6 million preferred equity investment for the recapitalization of The Elise, a 341-unit apartment community located in Dallas, Texas. In connection with the transaction, the sponsor, Windmass Capital, arranged senior financing with a senior mortgage lender and sought out Pensam’s preferred equity solution to provide incremental capital to support the refinancing.

“With the rapid increase in interest rates, proceeds from senior loans have been dramatically compressed, making Pensam’s various capital and lending solutions a vital source of financing for multifamily owners,” said Pensam Head of Capital Markets and Lending Ray Cleeman. “In this transaction, Pensam was able to increase total loan proceeds up to 75% of the capital stack, a significant increase above the senior loan.”

Cleeman also added that, “Pensam has a deep pool of capital ready to deploy for these types of scenarios and are seeing a significant increase in demand for our lending solutions, including both preferred equity and mezzanine loans that go behind other senior lenders including the agencies, commercial banks, life companies and debt funds.”

The Elise was built in 1987 and is located at 1720 John West Road. Renovated units at the property feature granite countertops, new black appliances, subway tile backsplash, faux wood floors, new cabinet faces, upgraded fixtures and hardware, new paint, and resurfaced cabinets. Amenities include a fitness center, resort-style swimming pool, gated access, landscaping, and on-site/on-call maintenance.

Pensam’s investment will support the sponsor’s continuing capital improvements plan to incorporate additional value-add amenities at the property for the enhancement of the resident experience.