Category: North Texas

Stream Realty Partners Completes 53,397-Square-Foot Lease at Gramercy Center South

Posted on by ginger

 DALLAS (Oct. 17, 2017) – Stream Realty Partners (Stream) – a national real estate development, services and investment firm, represented ATCAP Partners in its 53,397-square-foot lease for new tenant Advanced Infusion Solutions (AIS), a leader in the provision of home infusion solutions, intraspinal pump medication delivery and comprehensive pharmacy services.

As part of the Lower Tollway submarket, Gramercy Center South is a two-building, 256,000 square foot office park located at 18451 N. Dallas Parkway in Dallas, at the northwest corner of Dallas North Tollway and Frankford Road.

Stream’s Ryan Evanich, vice president; Matt Wieser, executive vice president; served as brokers in the transaction. Kimarie Ankenbrand, vice president, Jones Lang LaSalle (JLL); assisted as a cooperating broker in the deal.

About ATCAP Partners

ATCAP Partners is a private entrepreneurial commercial real estate company with a focus on middle-market assets within the office and industrial sectors. Visit www.atcap.com.

About Stream Realty Partners

Stream is a commercial real estate firm with locations across the country. The company’s full-service offerings cover the broad spectrum of leasing, management, development, construction, and investment sales services across the commercial real estate industry. In addition, Stream specializes in sourcing acquisition and development opportunities for the firm and its clients. Since its formation in 1996, Stream has grown from its two original partners to a staff of more than 750 real estate professionals nationwide, with regional offices in Atlanta, Austin, Charlotte, Chicago, Dallas, Denver, Fort Worth, Houston, San Antonio, San Diego, Southern California and Washington, D.C. Stream currently has more than 130 million square feet of assignments across the nation, completes over $2.4 billion in real estate transactions annually and is considered one of the most active investors and developers in the real estate industry. Visit www.streamrealty.com.

Why CBRE’s Jeff Ellerman believes DFW will benefit from growing U.S. corporate consolidation

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As corporate America continues to consolidate operations in the United States, CBRE’s Jeff Ellerman says he believes Dallas-Fort Worth is well positioned to benefit from the restructuring trend.

“Consolidation from corporate America will most certainly continue,” Ellerman, vice chairman in CBRE’s Dallas office, told the Dallas Business Journal. “In my opinion, we’re going to continue to see relocations and large-scale needs coming out of other states into North Texas.

“Things don’t just happen with Toyota bringing their North American campus here; it happens over a longer period of time,” said the longtime Dallas real estate broker, who represents some of the companies rethinking their operations.

Click to read more at Dallas Business Journal. 

Investment group buys Allen building near $91M conference center

Posted on by ginger

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

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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. 

DFW’s next big idea? Bringing walkable connections to downtown Dallas

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It’s been a year since the Urban Land Institute held its big annual conference in Dallas, and in that time North Texas stakeholders have brought some new ideas to the table for ULI North Texas’ third annual Impact Awards gala.

This year, Dallas-based Merriman Anderson Architects presented a pedestrian-friendly extension of the redevelopment of Commerce Street stretching from Deep Ellum into the Farmers Market with the help of Harwood Street.

The proposal was pitched last week under the generic title ‘The Statler Corridor’. It consists of the historic Statler Hilton with the adjacent Old Dallas Public Library and the new Harwood Garage and Residency, which could help connect this part of the city with these two neighborhoods.

Click to read more at Dallas Business Journal.

Why Dallas’ new Pacific Plaza Park won’t get underway until next year

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The long awaited — and much talked about— Pacific Plaza Park won’t get underway until next year, as the city remediates the surface-level parking lot to make it developable for a 3-acre city park.

The $15 million urban park along St. Paul Street was originally expected to get underway this year, but, like other redevelopment projects, faced some unforeseen circumstances.

“There are a few spots that have to be handled before construction can begin,” said Amy Meadows, president of the Parks for Downtown Dallas, which is the group overseeing the redevelopment of Pacific Plaza Park and three other downtown parks.

“The city of Dallas is going through a remediation process and until we have the final approval letter from TCEQ (the Texas Commission on Environmental Quality),” she said. “We have to wait.”

Click to red more at Dallas Business Journal.