Cawley Partners and Staubach Capital Announce Acquisition of Sabre Corporate Offices In Southlake

DALLAS, TX – Cawley Partners and Staubach Capital have purchased the Sabre Global corporate offices located at 3120 and 3150 Sabre Drive in Southlake, Texas. The two-building campus totals 475,000 square feet of Class A office. Sabre Global, a leading software and technology company for the travel industry, has signed a 12-year lease for the entire 265,000-square-foot Building A, and entered into a short-term lease for the 210,000-square-foot Building B. The Work From Anywhere movement has proven not only possible, but preferable for many employees at Sabre Global. In light of Sabre’s shifting workforce, their need for nearly half a million square feet of office space has lessened. Cawley Partners and Staubach Capital jumped at the opportunity to purchase their campus in the ever-growing Southlake submarket. With Sabre retaining over 265,000 SF long term, there will be roughly 210,000 RSF (one entire building) available for lease in 2022. Beginning in Q1 2022, Cawley Partners plans to fully renovate Building B and add a full suite of upscale amenities, including: meeting rooms, fitness center, locker rooms, food service, and outdoor gathering spaces. “We are really excited about being in Southlake. With Charles Schwab, Microsoft and Robinhood growing in the area, we anticipate additional growth and demand for Class A space in the submarket,” commented Kristi Waddell, VP Leasing at Cawley Partners. 3150 Sabre Drive will be managed and leased by Cawley Partners. For leasing inquiries, contact Kristi Waddell at kwaddell@cawleypartners.com.

Deal Ticker: Another California-Based Real Estate Firm Relocates to Dallas

Lion Real Estate Group, an investment firm focused on multifamily and creative office properties, has relocated its Los Angeles-based headquarters to Dallas. The firm has taken space at 3811 Turtle Creek Blvd. “The decision to relocate our corporate headquarters to Dallas aligns with our strategy of acquiring desirable multifamily assets outside of the urban core, both here in Texas and in other high-growth cities across the Sunbelt and Southeast,” said Jeff Weller, co-founder and managing principal of LREG. Texas is already a key location for LREG, which has a national portfolio of 27 properties exceeding $900 million in estimated value as of Dec. 29, 2020. The firm owns five residential properties in the Lone Star State, including Embry Apartments (2210 Marsh Lane), a 151-unit multifamily property in Carrollton, 13 miles northwest of downtown Dallas. As of August 2020, Dallas-Fort Worth-Arlington is one of the nation’s 12 largest metropolitan statistical areas (U.S. Bureau of Labor Statistics). Late last year, CBRE also announced it was relocating from California to its new home base at 2100 McKinney Ave. in Dallas. Click to read more at www.dmagazine.com.

STREAM Capital Partners Arranges $29M Sale-Leaseback of Cold Storage Facilities in Dallas and San Antonio

STREAM Capital Partners has arranged the sale and leaseback of two cold storage, food-production facilities in Dallas and San Antonio. The properties total 187,000 square feet. Chelsea Mandel of STREAM Capital Partners represented the seller in the transaction. The facilities are occupied by Surlean Foods, a leading custom food manufacturer of both raw proteins and cooked kettle items. Founded in 1979, the company is a third-generation, family-owned business. “Chelsea and her team did a great job,” said Daryl Scott, president of Surlean Foods. “This transaction provides additional capital allowing us to continue reinvestment into our business that has seen tremendous growth over the last 12 months.” Mandel has been very active in the cold storage sector and sees tremendous investor appetite for freezer/cooler, food-related facilities. She expects this trend to continue throughout 2021. “This was a terrific transaction to lead,” Mandel said. “My client now has a real estate partner to help facilitate the business’s growth, and the buyer added to its portfolio two high-quality, cold storage assets in growing industrial markets leased on a long-term basis to a premier tenant in the food manufacturing space.”

Columbus Office of Marcus & Millichap Sells 95,000-Square-Foot Self-Storage Facility in Texas

The Columbus, Ohio, office of Marcus & Millichap closed the sale of Advantage Storage, a 95,825-square-foot self-storage facility located in Arlington, Texas. Brett Hatcher and Gabriel Coe, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller. Tim Speck, Division Manager and Broker of Record, assisted in closing this transaction. Advantage Storage is located at 1040 West Sublett Road in Arlington. It is a new, class-A facility that features 469 climate-controlled units, 302 non-climate units and four warehouse spaces, totaling 95,825 net rentable square feet.

Southwestern Health Resources Inks Long-Term Lease for Nearly 150,000 SF in DFW

Transwestern Real Estate Services principal, Duane Henley, provides leasing services for the property at 1601 and 1603 Lyndon B Johnson Fwy., on behalf of the building ownership, Browning Place LLC. Paul Whitman and Pat McDowell with JLL represented Southwestern Health Resources. “As one of the leading healthcare groups in the Unites States, Southwestern Health Resources can add a collaborative space to its existing real estate portfolio for its employees to communicate and interact,” said Henley. “The property’s location in the Famers Branch area provides easy access to great amenities that tenants can enjoy.” Located in the epicenter of the Dallas-Fort Worth metroplex, Browning Place consists of four office buildings totaling 627,560 square feet. Within minutes of DFW International Airport, the buildings offer tenants an on-site bank, jogging trail, café, high-end fitness center and upscale Texas granite-clad lobbies. Combining the strengths of UT Southwestern Medical Center, Texas Health Resources and more than 5,000 faculty, affiliated and independent community physicians, Southwestern Health Resources offers the largest provider network in North Texas. Southwestern Health Resources selected the facility because of its central location for its approximately 900 employees and the space flexibility to meet the needs of the organization’s diverse workforce. Services range from care management, utilization and risk management, medical and data analytics, physician network operations, health plan services and support departments such as IT, human resources, marketing and finance. According to Transwestern’s Third Quarter Office Market Report, Dallas-Fort Worth is a leading metro in various rankings of office occupancy and return to workplaces, and after accelerating sharply in the first half of third quarter, new sublease listings slowed considerably in the latter half.

Former Williamson-Dickie Manufacturing HQ Listed For Lease

Transwestern Real Estate Services is the exclusive leasing agent for 319 Lipscomb Street, a 21,548-square-foot, two-story office building in Fort Worth. Rebranded as The Schoolhouse on Lipscomb, the site is the oldest standing school building in Tarrant County and was named to the U.S. National Register of Historic Places in 1983. Originally built in 1892 in the Richardsonian Romanesque style, the building served as the Stephen F. Austin Elementary School until 1977. Famed golfer Ben Hogan and actress Ginger Rogers both attended the school. After purchasing the building in 1980, Williamson-Dickie Manufacturing Co. renovated the space to use as its corporate headquarters until 2020, when the company moved to its current headquarters at 509 W. Vickery Boulevard. Transwestern principal Whit Kelly and associate Dallas Margeson represent the property owner. “This history-rich building offers a one-of-a-kind chance to lease a beautifully designed space in a submarket that has seen incredible growth in recent years,” said Kelly. “Opportunities for single or multi-tenant use are extraordinary, and the design of the schoolhouse only supplements the tenant experience within the unique space.” The campus features multiple expansive executive offices with private restrooms, conference rooms, a catering kitchen, walkable outdoor green space with room for amenities, original chalkboards in most offices and ample parking. Large arches framing the recessed entries are complemented by hardwood floors throughout the space, antique glass, original doors and wainscoting. “The Schoolhouse on Lipscomb served the needs of our employees for decades,” said Philip Williamson, former CEO of Williamson-Dickie, and a long-time Fort Worth native. “It is truly unique, has a fantastic feel and offers a glimpse into the past, while meeting all the needs tenants might require in today’s world. We are excited for the possibility of a new tenant enjoying the space, just as we did.”