North Texas Behavioral Health Authority leased 14,054 square feet at 8111 LBJ Freeway in Dallas, TX. Richard Maloof represented the landlord, Hartman Income REIT.
Neurotherapy Center of Dallas, Inc. renewed 2,260 square feet at 12850 Hillcrest Road in Dallas, TX. Lynna Smith represented the landlord, Hartman Income REIT.
Tarrant County College’s renovation and expansion of its 445,000-square-foot Northwest Campus is underway. Gensler is providing architectural design services to enhance the student experience and the campus’ learning environment.
Design work consists of “re-skinning” three existing buildings and the construction of four new ones. This approach will expand campus programs to incorporate an early college high school, classrooms and specialty labs, visitor welcome and administration, onboarding, and fine arts, learning commons, theater, music, and multifunction spaces.
A unique new design based on 21st century learning and the TCC student experience, each building’s identity is shaped by regional landscapes and is the backbone of wayfinding inspired by local Texas iconology. Additionally, knowing that 60% of learning occurs outside the classroom, the campus will integrate a variety of flexible environments to accommodate the different learning styles.
When complete in 2025, the campus will dramatically embrace the student experience and showcase an academic environment that encourages clarity, connectivity, community, identity, efficiency, and stewardship.
Huckabee and Skanska are also serving as the architect of record and contractor, respectively, on the project.
With 1031 exchange funds to deploy, a Southern California investment group has added to its Dallas/Fort Worth portfolio, buying a fully leased, multi-tenant industrial building in the South Stemmons submarket.
Tyler Family Real Estate Investments LLC has purchased a 28,800-sf warehouse at 321 N. Rogers Rd. in Irving, using the remainder of its 1031 exchange funds. Two months ago, the SoCal group bought a slightly larger multi-tenant distribution center at11401 Plano Rd. in Dallas.
“The South Stemmons project is a good value-add acquisition with immediate upside in below-market rents,” says Jason Finch, vice president of Dallas-based Bradford Commercial Real Estate Services. He and Noah Dodge, senior associate, represented the buyer.
Tyler Family Real Estate’s new holding is a 15-tenant project, of which 80% are automotive-related businesses. Bradford has been awarded the leasing assignment, with the new owner assuming management duties.
“Many of the project’s tenants have been there a long time,” Finch says, “and we’re optimistic they’ll remain in place. It’s difficult for automotive businesses to find good space.”
The warehouse was developed in 1984 specifically for automotive users. Suites average 1,500 sf. The property, totaling slightly less than two acres, includes 93 parking spaces. Jason Moser and Jamie Jennings of Stream Realty Partners represented the seller, LFH Rogers LLC.
“Our client prefers multi-tenant industrial buildings with smaller suites. It a perfect fit for the buyer’s sweet spot,” Finch says.
Simply Self Storage (the “Company”), a premier provider of storage solutions for a wide range of customer needs, today announced the acquisition of a seven-property self-storage portfolio in Houston and a self-storage property in Dallas. Financial terms of these transactions were not disclosed.
Simply Self Storage owns and operates a portfolio of approximately 80,169 units, encompassing more than 11 million net rentable square feet in 23 states. Its customers benefit from a leading suite of customizable solutions to address a broad range of storage requirements and preferences through its data-driven and technology-enabled management platform. Simply Self Storage is continuing to invest and expand its presence in high-growth markets that benefit from positive, long-term demographic trends.
“We are pleased to complete these acquisitions and expand Simply Self Storage’s offerings within the Houston and Dallas markets,” said Kyle Schmutzler, CEO of Simply Self Storage. “The importance of a customer-centric approach has increased significantly in today’s environment, and our platform is uniquely suited to meet these needs with high-quality, diversified storage options.”
“Houston and Dallas represent two of the most attractive submarkets in Texas, and we expect each will continue to benefit from strong consumer demand,” said Scott Levy, Executive Vice President, Investments at Simply Self Storage. “This is an exciting step in our continued efforts to accelerate Simply Self Storage’s national growth and bring the unmatched quality we are known for to a wider range of customers.”
Comprising seven facilities totaling nearly 620,000 net rentable square feet across more than 3,600 units, the Houston portfolio includes more than 207,000 square feet of climate-controlled space. Each of the seven facilities are highly visible, easily accessible and prominently located within some of the highest growth areas of the Houston market, which continues to benefit from an established consumer base and record high occupancy levels.
The Dallas property consists of 65,950 net rentable square feet. The property is centrally located in a mature residential community with excellent freeway visibility and population density and will benefit from strong demographic tailwinds.
Osman Centinkaya, an individual renewed 2,261 square feet at 12850 Hillcrest Rd in Dallas, TX. Lynna Smith represented the landlord, Hartman Income REIT.