Dallas, TX — 12/1/17 — DFW Lee & Associates, one of the largest privately owned national real estate firms, has completed a new lease transaction for a 21,923 square foot industrial space located at 1461 S Belt Line Rd, Coppell, TX 75019.

Corbin Blount of Lee & Associates Dallas/ Fort Worth represented the tenant, Trelleborg Wheel Systems America, and the landlord, Columbia Texas Beltline Industrial, LLC was represented by Michael Peinado and Gil Stroube of Lincoln Property Company.

Trelleborg Wheel Systems operation is part of the Trelleborg Group. It is a global supplier of tires and complete wheels for agricultural and forestry machines, fork-lift trucks and other material-handling equipment. The company provides highly specialized solutions, to create added value for customers.

Lee & Associates is the largest broker-owned firm in North America with 57 locations across the United States. With more than 850 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level.  Lee & Associates Dallas/Fort Worth was established in 2006 and is focused on the vibrant and rapidly growing DFW Metroplex. We provide superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients.  For the latest news from Lee & Associates, visit leedallas.com or follow us on Facebook, LinkedIn,  and Link our company blog.

The development group behind the massive $380 million redevelopment in downtown Dallas — called The Drever — at 1401 Elm St. has landed a nearly $67 million bridge loan, as expected, from a big capital group on the East Coast.

Real estate sources told the Dallas Business Journal a development group led by longtime developer Maxwell Drever had a loan keyed up to help financially after a lender claims the group defaulted on a $55 million loan. That lender, GCP Income Opportunities I LLC, appointed a new trustee readying the project for the Dec. 5 foreclosure auction.

Click to read more at Dallas Business Journal. 

An affiliate of New York City-based GFI Capital Resources Group Inc. has acquired a recently-built apartment community at Craig Ranch, a 2,200-acre, master-planned community in McKinney.

Terms of the deal were undisclosed. The 277-unit community, Venue Craig Ranch, at 4651 S. Custer Road in McKinney sits within State Highway 121 near Legacy Business Park. At the time, the community was 87-percent occupied.

Click to read more at Dallas Business Journal. 

Construction on a new hybrid hotel-apartment concept is underway in Richardson, which will help lead to a much larger expansion in major metros throughout the United States.

The concept, called WaterWalk, is a vision of entrepreneur Jack DeBoer and is already underway in Las Colinas near Dallas Fort Worth International Airport, with two additional locations in San Antonio, which open by the end of spring 2018.

In the next eight months, WaterWalk officials plan on beginning construction on seven new development sites throughout the United States.

Click to read more at Dallas Business Journal. 

North Texas’ rising home prices have helped lead the senior housing investment and developing division of Chicago-based CA Ventures — CA Senior Living LLC — to acquire three properties with hundreds of homes geared for senior residents from a Dallas-based developer.

Terms of the acquisition were undisclosed. An affiliate of the division has purchased the following communities from Dallas’ SRP Medical:

Click to read more at Dallas Business Journal.