Luxury automaker Mercedes-Benz plans to keep its financial services hub — as well as 900 direct and indirect jobs — in Fort Worth with the help of a new 200,000-square-foot build-to-suit facility at AllianceTexas.

Mercedes-Benz Financial Services USA LLC has signed a lease for the new built-to-suit facility, which will serve as the company’s national business operations center. The new operations center will be built within a mile of its existing hub.

The soon-to-be-built operations center will help reshape the way Mercedes-Benz Financial Services’ employees work, said Peter Zieringer, president and CEO of Mercedes-Benz Financial Services.

Click to read more at Dallas Business Journal. 

Dallas-based Stream Realty Partners, a real estate development, services and investment firm, unveiled $9 million in upgrades to a North Dallas office tower, which could help the ownership group snag some new office tenants.

The ownership group — a joint venture between New York Life and Dallas-based Encore Enterprises — decided to deploy a year-long renovation to the 24-story, 549,000-square-foot office tower to lure companies and employees to the property along LBJ Freeway near the Dallas North Tollway.

Click to read more at Dallas Business Journal.

FORT WORTH – December 13, 2017 – James Blake and Carl Brown with SVN / Trinity Advisors recently represented the seller in closing on Eden Drive Warehouse, located at 5955 Eden Drive in Haltom City, TX.  

The industrial property is a 25,600 SF manufacturing warehouse built in 1973 on 0.98 acres of land in Haltom City, TX. It includes an office and production area with grade level and dock high loading doors.  

Blake and Brown represented the seller, the Estate of Charles R. and JoAnn Lewis. Rockin R Realty represented the buyer, ECD9S Properties LLC.   

“Since the market is hot right now for DFW industrial leasing, and the mid-cities area is one of the prime areas that industrial leasing is taking place, this property was in high demand,” Blake said. 

SVN / Trinity Advisor Steve Fithian represented the buyer of an industrial flex building with seven tenants at 1101-1121 Cornell Parkway in Oklahoma City, OK.

The industrial property is a 41,720 SF industrial flex building on 2.57 acres of land with 12 grade level doors and one dock high door. 

Fithian represented the buyer, OKWI, LLC, which is a partnership organized by Fithian to purchase quality investment properties for its partners. David Cook with SVN David Cook, LLC represented the seller. 

“This property is located in one of the best industrial areas in the Oklahoma Metro area and not far from where three major interstates cross,” Fithian said. “After looking at the financials and the occupancy rates, it quickly became apparent this was a fantastic investment opportunity.” 

SVN / Trinity Advisors is a full-service real estate investment and Accredited Management Company in Fort Worth, specializing in brokerage, leasing, consulting and property management throughout the Dallas / Fort Worth area. For more information, visit //svntrinity.com.   

—

Rebekah Moore | Office Manager & Marketing Director

SVN | Trinity Advisors – An ACCREDITED MANAGEMENT ORGANIZATION® Firm
3000 Race Street, Ste. 100, Fort Worth, TX 76111 
Office 817.288.5525 | Fax 817.288.5585
Direct 817.288.5506 
rebekah.moore@svn.com | //svntrinity.com

An undisclosed, NYSE traded/Fortune 500 tenant signed a new 27,574-square-foot lease at Westridge Center at 2020 Westridge Dr. in Irving. The tenant, a leader in the facility services industry, was represented by Fritsche Anderson’s Mike Quinn and Site Selection Group’s Lee Wagner. The landlord was represented by Carter Crow and Todd Jones at Younger Partners, which was brought on by asset management firm, ProEquity Asset Management, who has recently expanded into Texas.

For further information, please contact:

Tonie Auer
214.294.4406
14643 DALLAS PARKWAY, SUITE 950 LB #58
DALLAS, TX 75254
Tonie.Auer@youngerpartners.com

Two long-awaited developments in some of Dallas’ hottest neighborhoods are expected to finally get underway next year by Charleston-based Greystar after years of gathering input from the community.

Construction isn’t quite ready to begin on the next phase of the Elan City Lights community near Live Oak and Texas streets or the proposed Forestwood community at Inwood Road and Forest Lane, but Greystar is gearing up to begin construction on the two Dallas projects in 2018.

Click to read more at Dallas Business Journal.

Dallas Midtown could begin taking shape in the next few years, with New York City-based Seritage Growth Properties (NYSE: SRG) and Dallas-based KDCreadying a 23-acre tract in North Texas for up to 1 million square feet of new office space.

The office campus will span two Class A office towers and will be part of a much-larger corporate magnet, which will include a hotel, apartment communities, as well as entertainment and retail space. Upon completion, the mixed-use project will replace the vacant Sears department store near the high-profile intersection of Preston Road and LBJ Freeway in North Dallas.

Click to read more at Dallas Business Journal.