Investment group buys Allen building near $91M conference center

A Florida-based real estate investment firm has acquired a Class A office building adjacent to Allen’s soon-to-be built $91 million conference center hotel — which is slated to open next year.

The 150,506-square-foot office building along North Central Expressway, called One Allen Center, has sold for an undisclosed sum to Hallandale Beach, Florida-based Accesso Partners LLC.

An HFF team in Dallas brokered the deal. Real estate sources say the seller was New York City-based Investcorp.

Click to read more at Dallas Business Journal. 

Partnership to build data center campus within AllianceTexas in Fort Worth

Atlanta-based T5 Data Centers and Fort Worth-based Hillwood are teaming up to co-develop a data center campus in AllianceTexas, an 18,000-acre master-planned community in north Fort Worth.

The proposed data center campus, called T5@Alliance, is being backed financially by IPI Data Center Partners Management LLC, which invests in data centers and tech-connected real estate.

The partnership with T5 and IPI gives Hillwood the ability to deliver even more data center campuses to a growing number of customers in North Texas, said Mike Berry, president of Hillwood.

Click to read more at Houston Business Journal. 

DALLAS (Sept. 29, 2017)Stream Realty Partners (Stream) – a national real estate development, services and investment firm, represented TexasLending.com, in its 24,850-square-foot lease renewal at The Centre, an 11-building, Class-A office complex at 4100 Alpha Road in Farmers Branch.

TexasLending.com specializes in home purchase loans, home equity loans, refinance loans and reverse mortgages. With this renewal, the company is well positioned for several years within a bustling central location with access to a highly-educated labor force and growing client base.

Stream’s Senior Vice President, Todd Noonan represented TexasLending.com in the transaction. Mark Dowdle and Jordan Myller of Boxer Property Management represented Boxer Property as the landlord, in the renewal.

“We’re delighted to work with TexasLending.com in their renewal at The Centre,” said Noonan. “The West LBJ submarket vacancy rate is appealing right now, providing new opportunities for tenants. This renewal will allow TexasLending.com to better serve its clients, and to grow additional long-term business.” 

 Click to download press release. 

Gather Kitchen’s First Location Now Open In Thanksgiving Tower In Dallas CBD

DALLAS – September 28, 2017 – CBRE announces  Gather Kitchen,  a new fast casual restaurant, is now open at Thanksgiving Tower in Downtown Dallas. This is the first location for Gather Kitchen, which serves healthy comfort food using local and seasonal produce gathered from local farmers. 

Touted as a new generation of fast food, this restaurant caters to the need for a quick and healthy food option downtown. Customers choose breakfast, lunch and dinner bowls from a variety of base proteins, vegetables and five scratch-made sauces while watching as they are constructed along an assembly line for complete transparency of quality and freshness. Their unique offering of locally-sourced ingredients creates a seemingly infinite amount of combinations enabling a customer to experience a new dish every day.

The 2,400-square-foot restaurant features a bakery corner with original recipes, including gluten-free, vegan and Paleo options, an outdoor seating area, and floor-to-ceiling windows with spectacular views of the Dallas CBD. 

Gather Kitchen is dishing up breakfast, lunch and dinner Monday-Friday from 8 a.m. to 7 p.m. and on Saturday from 10 a.m. to 3 p.m. For groups of 15 or larger, Gather Kitchen has a customizable catering program with solutions for any type of event or business gathering. 

“We are thrilled to see this unique fast-casual restaurant concept open its doors,” said  said Greg Pierce, Senior Vice President, CBRE. “There was an overwhelming demand for delicious healthy options in downtown and Gather Kitchen has certainly delivered. Ryan May and I are excited to resume the search for their next great location and continue the spread of Gather Kitchen’s high quality yet convenient approach to mealtime.”

“We are very humbled by the great initial reception we have received from our neighbors, and look forward to introducing more people to our philosophy of healthy eating and living,” said Soraya Rechid, co-founder of Gather Kitchen.”

Mr. Pierce and Ryan May represented Gather Kitchen in site selection and lease negotiations. CBRE’s Jack Gosnell and Amy MacLaren represented the landlord, Woods Capital Management

Alkami Technology Expands At Granite Park Three In Plano

DALLAS – October 2, 2017 – CBRE announces the lease renewal and expansion for Alkami Technology, a Dallas-based provider of online and mobile banking solutions for U.S. financial institutions, at Granite Park Three. Alkami will occupy approximately 90,000 square feet after a 55,000-square-foot expansion at 5601 Granite Parkway in Plano, Texas. 

Alkami will occupy an additional two floors following the expansion to support the company’s growing employee base. With a current employee base of 275 people, the technology company plans to significantly expand its employee count in the next few years. 

“It is exciting to continue to express ourselves as one of the most innovative and collaborative work cultures through an increased investment in an expanded work environment,” said Mike Hansen, CEO, Alkami. “It is thrilling to seize the opportunity to do that in a location that we have called home for more than four years. As one of the fastest growing software companies in the U.S. delivering digital and mobile banking solutions to our clients, we have grown more than eight-fold since first planting our roots in Granite Park. I am so glad we can continue to grow right here in one of the best locations in North Texas.” 

Gensler has been hired to design the new space and CBRE Project Management will oversee construction set to begin this month with a completion date in the first quarter of 2018. 

“It’s gratifying to find a terrific win-win-win solution for all parties,” said Jeff Ellerman, Vice Chairman, CBRE. “Alkami was able to secure the space they need today as well as space for future growth while remaining in their existing building with a fantastic landlord.”

“Alkami is one of the fastest growing tech companies in North Texas, and we are very pleased that we were able to find the perfect solution for them, especially in this tight market,”  said Clay Vaughn, Senior Vice President, CBRE. ”They are creating an awesome office environment that will be a showcase for attracting and retaining the top tech talent.”

Mr. Ellerman, Mr. Vaughn, and Preston Lynn with CBRE in Dallas represented Alkami in lease negotiations. Robert Jimenez, Aarica Mims and Avery Bush with Granite Properties in Dallas represented the landlord, Granite Properties. Scott Eldredge and Kris Hopson with CBRE Project Management will oversee construction. 

Granite Park Three is a 14-story, 362,000 square foot Class-A office building located at the intersection of State Highway 121 and the Dallas North Tollway in Plano. Part of Granite Park, Granite’s 3-million-square-foot, mixed-use, master-planned development, the office tower delivered in 2006. Granite Park is home to six class-A office towers, a 300-room Hilton Hotel, and over 80,000 square feet of retail space. 

Facebook takes another big bite of downtown Austin with major lease, report says

Facebook Inc. is reportedly poised to massively expand its presence in downtown Austin, with another office inside of a gleaming skyscraper.

The social media behemoth plans to lease more than 230,000 square feet inside Third+Shoal, the 29-story tower being built at 208 Nueces St., the Austin American-Statesman reports.

That’s in addition to its 120,000 square feet inside the nearby tower known as 300 West Sixth, which it renovated at significant cost— go here to see a June slideshow of the space. About 700 employees work there. The new space could handle more than 1,000 additional employees, according to the Statesman.

Click to read more at Austin Business Journal.