Category: News

Edge Realty promotes new principal, Warren Smith

Posted on by Mia Goulart

Edge Realty Partners announced that Warren Smith has been appointed a principal at the firm. Smith, who joined Edge’s Dallas/Fort Worth office in 2015, was most recently a senior vice president. He specializes in tenant representation as well as land acquisition and disposition.

Smith represents institutional residential and industrial developers along with publicly traded companies such as Public Storage, Simmons First National Bank, and Texas Roadhouse. Throughout his real estate career, Smith has completed transactions valued at over $500 million.

K&G Fashion Superstore signs long-term Fort Worth lease

Posted on by Mia Goulart

K&G Fashion Superstore, a nationwide discount department store, has signed a long-term 31,473-square-foot lease at 4625 S. Cooper Street in Arlington. Beginning July 2023, the fashion retailer will renew its lease in the Cooper Street Plaza retail shopping center operated by Hartman Income REIT Management, Inc., a commercial real estate operator of its portfolio and owned by its affiliate, Silver Star Properties REIT, Inc. (Silver Star Properties) headquartered in Houston. 

K&G Fashion Superstore’s footprint of 31,473 square feet serves as a co-anchor tenant with OfficeMax, Home Depot, UPS, and Mattress Firm at the retail plaza. Cooper Street Plaza is conveniently located just one light south of Ronald Regan Memorial Highway. The property sees an average count of 150,000 vehicles per day while residing within three square miles of a population of 121,939. 

In the past year, the well-performing retail center has welcomed two additional well-known tenants to its mix, Black Rifle Coffee Company and State Farm Insurance. It also transacted with OfficeMax on a long-term lease renewal.

In the leasing transaction, Bryan Weiss, vice president of Hilco Real Estate, LLC, represented K&G Fashion Superstore, and Richard Maloof, executive vice president of leasing represented the landlord.

Finial Group coordinates a sublease at 155 Posey Road in San Marcos

Posted on by Mia Goulart

Doc Perrier and David Durham with Finial Group coordinate a sublease at 155 Posey Road, Building 2, in San Marcos, Texas.

The 14,250-square-foot building has 2,500 square feet of new office space in addition to two grade level doors and two dock high doors.

Doc Perrier and David Durham represented the sublessor in this transaction.

Hartman announces several new lease transactions

Posted on by Mia Goulart

Hartman INCOME REIT MANAGEMENT, Inc. has announced a handful of recent lease transactions:

  • Revelry Goods, Inc. Renewed 2,517 square feet at 5151 Mitchelldale in Houston, TX. Justin Harrity represented the landlord, Hartman Income REIT. 
  • 2M Research Services, LLC renewed 6,278 square feet at 1521 N. Cooper Street in Arlington, TX. Allison Fannin represented the landlord, Hartman Income REIT. 

Berkadia arranges sale and finance of garden-style multifamily community in North Houston

Posted on by Mia Goulart

Berkadia has arranged the sale and finance of Cypress Parc, a 200-unit garden-style multifamily community in Houston. Managing Directors Chris Young and Joey Rippel, Director Kyle Whitney, Managing Director Jeffrey Skipworth and Senior Managing Directors Chris Curry and Todd Marix of Berkadia Houston represented the seller, Lionel Partners, an investment management company based in Orem, Utah.

Senior Managing Director Cutt Ableson of Berkadia Houston secured the debt on behalf of the buyer, Trinnium Equity Group, a real estate investment and property management company based in Salt Lake City, Utah.

Located at 18001 Cypress Trace Road, Cypress Parc is a two-story multifamily community that uniquely offers only two- and three-bedroom units that range from 926 to 1,420 square feet. Individual unit amenities feature electric kitchens with pantries, floor carpeting, window coverings, ceiling fans, walk-in closets, private balconies or patios, and washer and dryer connections. Community amenities include a pool, fitness center, laundry facilities, business center, clubhouse, volleyball court, grill, and picnic area. 

Cypress Parc is across from Lents Dog Park and Lents Family Park and near the North Houston regional medical district. It is within 15 minutes of The Woodlands and George Bush Intercontinental Airport and less than 30 minutes from Downtown Houston.

Healthy Australian cuisine concept restaurant coming to Stream Realty Partners’ The QUAD project in Uptown Dallas

Posted on by Mia Goulart

A community-focused eatery based in Australian café culture will open its first Dallas restaurant at Stream Realty Partners’ office development, The QUAD, in Uptown Dallas.

Two Hands will occupy one of the five free-standing retail spaces surrounding the 12-story, Class AA office tower at 2699 Howell St. in the heart of Uptown. The casual restaurant will offer indoor and outdoor dining with a menu of fusion share plates and well-traveled classics for breakfast, lunch, and dinner. A comprehensive coffee program and full-service bar also will be featured. 

Stream, a national real estate services, development, and investment firm headquartered in Dallas, is developing the 345,425-square-foot, office building and surrounding 18,500-square-foot retail area heralded as the dawning of “A Different Dallas”. The project plays a key role in the rebirth of the Quadrangle, which once was Dallas’ first mixed-use development dating back to 1966.

Two Hands, which launched in 2014, currently has six locations in some of the country’s most upscale, chic neighborhoods including NoHo, Nolita, Williamsburg, and Tribeca in New York City, the Gulch in Nashville, and SoCo in Austin. Two additional restaurants in Denver and Franklin, Tennessee, are expected in 2023. An opening date for The QUAD eatery is planned for Q1 of 2024.

Two Hands is the first retail lease signed at The QUAD, with additional restaurant announcements anticipated by mid-2023. Chicago Title was the first office tenant to commit to the project in September 2022. The largest title insurer and provider of real estate-related products and services in the world will occupy 20,000 square feet in the office tower. The firm has officed at 2828 Routh St., an existing building on the same site as The QUAD, for more than a decade.

In addition to a workplace and next-generation retail space, The QUAD will boast amenities including a penthouse tenant lounge and conference center, full-service fitness studio with floor-to-ceiling windows, dedicated underground parking, bike valet, and plenty of outdoor seating and green space. The building will feature a cutting-edge user functionality and technological foundation with smart elements such as a proprietary centralized building operations app, hands-free “wave” doors, and hospital-grade air filtration systems.

The QUAD is owned and managed by Stream’s Investment Management Platform, which leverages expertise from the firm’s 14 local offices to make investment decisions based on real-time supply and demand fundamentals. Stream actively manages four discretionary commingled funds, in addition to several joint ventures, and wholly owned assets totaling 31 investments of 21 million square feet and approximately $3.1 billion in assets under management.

Stream Vice President Ryan Evanich and Senior Associate Marissa Parkin lease the office space at The QUAD.