KBS & Transwestern sign 38,000 square feet with two regional firms at Class A office in Dallas

KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation, and Transwestern Real Estate Services (TRS), announced that they have signed 38,501 square feet in lease agreements with two regional firms at Providence Towers, a 524,143-square-foot, LEED Gold-certified Class A office building in Dallas, Texas.

The transactions include a lease expansion with Tower Street Insurance, a Texas-based independent insurance agency—the company is expanding from 5,000 square feet to 24,399 square feet—and a new 14,102-square-foot lease with Fieldwork, a market research services company that is relocating to Providence Towers from another Dallas office building.

The leasing activity demonstrates the ongoing viability of premier office properties in key U.S. markets.

Providence Towers is located at a prestigious business address along the Tollway and has been the chosen place of business for some of the country’s most prominent companies. The 12-story property has been extensively upgraded under KBS ownership, including a complete redesign of the grand east and west tower lobbies, creating luxury entrances.

KBS is currently completing a multi-million-dollar renovation of the property that includes various indoor amenity upgrades. In 2021, the firm completed a completely reimagined tenant lounge and café and is currently underway on renovations for an upgraded fitness center, expanded conferencing facility and elevated common areas. The renovated tenant lounge includes hospitality-inspired amenities such as lounge with a fireplace, collaborative working space, pool tables, shuffleboard and a private dining room. Additional Class A amenities at the property include a wine bar and putting green.

Transwestern’s Kim Brooks, Justin Miller, Scott Walker and Laney Delin represented KBS in the lease negotiations.

Tower Street Insurance’s new lease agreement at the property essentially quintuples its space at Providence Towers.

KBS owns and operates several other Class A office properties in the Dallas market, including 3811 Turtle CreekHighland Park PlaceLegacy Town CenterPreston CommonsTollway North Office Park, and Sterling Plaza.

Providence Towers is located at 5001 Spring Valley Road in Dallas, Texas.

CBRE National Partners arrange sale of Class A+, 114,000-square-foot industrial property in Plano

CBRE National Partners announced the sale of 780 Shiloh Road, a Class A+ industrial building located in the NE Dallas submarket. A private Californian investor purchased the property from Founders Properties for an undisclosed price.

Randy BairdJonathan BryanRyan ThorntonNathan Wynne and Eliza Bachhuber with CBRE National Partners arranged the transaction on behalf of the seller. 

Ideally located in Plano’s Research/Technology district and minutes from US-75, 780 Shiloh Road has direct access to President George Bush Turnpike which connects I-35E, I-30 and the Dallas North Tollway. Built in 2001 and renovated in 2007, the property is leased to a single tenant through 2030.

CBRE arranges sale of Cooper Street Plaza in Arlington

CBRE announces the sale of Cooper Street Plaza, a 91,856-square-foot shopping center located at 4619-4623 Cooper Street in Arlington, Texas. Vista Property Company purchased the property from a Texas based real estate investment trust.

Jared Aubrey and Michael Austry represented the seller in the marketing and sale of the property.

Located along I-20 in the middle of a dominant retail corridor in Arlington, the shopping center was 97.5% occupied at the time of sale. The center garnered significant investor interest due to its high-visibility, long-term triple net leases and below market rents. The center is anchored by K&G Mens Company and Office Max and features other prominent tenants including Black Rifle Coffee Company, UPS, State Farm Insurance and Ninja Sushi. 

Moroch Partners relocates into new 24,000-square-foot office HQ in Dallas Design District

Transwestern Real Estate Services (TRS) and Quadrant Investment Properties (QIP) announce Moroch Partners, a Dallas-based full-service, independent marketing and communications agency, has signed a new, long-term 23,365-square-foot office lease at the Manufacturing District (MD), located at 147 Manufacturing St. The firm relocates from Hall Street at The Centrum and plans to move its employees into its new offices in 2024. Transwestern’s Paul Wittorf, Kim Brooks, Laney Delin and Collin Burwinkel represented QIP in lease negotiations. Jihane Boury and Clay Vaughn with Savills represented Moroch Partners.

Moroch Partners is a leading full-service, independent marketing and communications agency based in Dallas, with a presence in over 30 markets across North America. Moroch clients include McDonald’s, Planet Fitness, Six Flags Entertainment Corporation, Altitude Trampoline Park, Disney, Sony, Universal, Make-A-Wish Foundation and Midas, among others.

Moroch joins other tenants on-site at MD, including Alto, Smart Business Concepts and Kirksey. In June, Pennsylvania-based 84 Lumber, the nation’s largest privately held supplier of building materials, signed a 4,933-square-foot lease for its new western office headquarters. With the recent leases, MD is now more than 80% leased.

With tenant amenities such as a shared rooftop lounge featuring unobstructed panoramic views of downtown Dallas, Triumph’s Espresso & Whiskey, a pedestrian path that was re-envisioned from an abandoned rail spur, and The Grove, a shared outdoor community lounge with casual seating, lush landscaping and 6G Wi-Fi, amenities on-site at MD were carefully designed to create opportunities for tenants to work, socialize and enjoy outside of their office environments.

According to Transwestern research, the Design District has seen nearly $1 billion in private investment over the last 15 years. With top-tier local and out-of-market restaurants and new retail concepts recently announced, the area is one of Dallas-Fort Worth’s most widely sought-after locations.

For more images of the Manufacturing District, click here.

StreetLights Residential breaks ground on The Galatyn

Dallas-based StreetLights Residential has commenced construction on The Galatyn, a 20-story high-rise community featuring 56 penthouse-style apartment homes. Situated in the Upper McKinney District, where Harvard Avenue meets Highland Park, it stands across McKinney Avenue from its sister residential building, The McKenzie. Located on the quieter side of nearby Knox Street, The Galatyn is in close proximity to numerous dining and retail establishments, including the upcoming Tres Market specialty grocery store, and is just one block from the Katy Trail. The Galatyn is slated to open in 2025.

The Galatyn will offer two- and three-bedroom residences, averaging 2,700 square feet, with penthouse suites over 4,500 square feet. Building upon the success of The McKenzie, The Galatyn will offer spacious unit floor plans, with only three units per floor and two units on the penthouse level. Residence living spaces will include a formal entry with an attached powder room and an open kitchen with designer appliances, a waterfall island, and a bar. Private service kitchens will contain a second fridge, sink, and dishwasher. Primary suites will feature dual closets and a spa-grade bathroom with a freestanding bath and a walk-in rainfall shower. The interiors will showcase top-tier finishes, including natural wood flooring and quartzite countertops throughout, as well as floor-to-ceiling windows in the living areas.

Residents will have access to luxurious amenities, a full-service concierge bar, a variety of workspaces within private nooks or communal settings, and a resident coffee bar. A courtyard with a stunning community conservatory for tranquil relaxation, along with a fireplace, will overlook an exterior colonnade with lounge seating and pool views. As you explore, an expansive sunroom will await with antique fixtures and grand arched windows. Additional on-site resources will include a dog wash for dogs of all sizes with relief areas conveniently located on each residential floor. The property’s fitness center will feature a breakout flex room and an infrared sauna, as well as a year-round pool with a fully equipped catering kitchen, ideal for entertaining guests.

StreetLights Creative Studio is the architect of record for the project and is handling all interior design in-house. SLR Construction, LLC, is the general contractor.

Firehouse Subs to open new restaurant in Saginaw

The Woodmont Company is delighted to announce the execution of a lease for Firehouse Subs that will establish its presence in Saginaw, Texas. The forthcoming 1,300-square-foot Firehouse Subs restaurant location will find its home at 1017 N. Saginaw Blvd., Saginaw, Texas.

Firehouse Subs is a well-established name in the quick-service restaurant sector with over 1,200 locations nationwide and is celebrated for its hearty delectable subs. Grounded in a commitment to top-quality ingredients and exceptional service, Firehouse Subs has earned the loyalty of a dedicated customer base.

While the specific opening date for this new Firehouse Subs location in Saginaw, Texas, is yet to be determined, the local community is already abuzz with anticipation.

The Woodmont Company takes pride in its instrumental role in bringing Firehouse Subs to Saginaw, Texas, and eagerly anticipates the brand’s continued growth and success in the area. Kendall Graff, assistant vice president, and Grant Gary, president, of The Woodmont Company, acted as tenant representatives, collaborating with Barrett England, vice president at Vision Commercial Real Estate, who represented the landlord.