Lake Washington Partners acquires industrial property in Dallas

JLL Capital Markets has closed the sale of Tradepoint 20/45, a newly-completed 418,000-square-foot industrial building in Dallas.

JLL represented the buyer, Lake Washington Partners, in the sale from Blumenfeld Development Group and Declaration Partners.

Tradepoint 20/45, which was completed in early 2022, offers 36-foot clear heights, 60-foot deep staging bays, 78 dock doors, two ramps, 124 parking spaces and 107 trailed parks.

Located at 4831 Cleveland Road Tradepoint 20/45 is positioned 13 miles from Downtown Dallas, 18 miles from Dallas Love Field Airport and 33 miles from Dallas/Fort Worth International Airport. The property has easy access to the Texas Triangle, the area between Dallas-Fort Worth, Houston and San Antonio/Austin. This allows future tenants to reach 25 million residents within a five-hour drive.

The JLL Capital Markets Investment Sales Advisory team representing the buyer was led by Senior Managing Directors Dustin Volz and Stephen Bailey, Executive Managing Director Adam Citron, and Directors Dom Espinosa and Zach Riebe.

cura interiors, within Dallas Architecture Firm “three” Launches

Following the addition this year of Sarah Bay, RID, IIDA as Director of Interior Design, national architecture firm three has announced the formation of cura interiors, a studio devoted to the creation of inspiring environments for clubhouses and workplace settings.

According to Bay, the new studio leverages three’s decades of experience to expand the mission to create “design that lifts the human spirit”. Founded on the same core principles that made the Dallas firm a nationally recognized architectural practice in hospitality and senior living, cura interiors will apply three’s unique client engagement process to interior design for commercial offices and leisure spaces.

Bay’s design team will lead clients through a discovery process for each project, resulting in designs that take their cues from feelings and emotions the environment is intended to elicit in the end user.

According to Bay, today’s employees value well-designed environments in which they feel comfortable, healthy, productive and valued, and discerning employers competing for highly skilled recruits have learned that a hospitality-inspired design approach can help realize appealing, cutting-edge workplaces, helping to attract and retain top talent.

Hitting the ground running, cura‘s first major project win is the complete renovation and redesign of the clubhouse for Pinnacle Golf Club, a residential-recreational community on Cedar Creek Lake southeast of Dallas. Other notable accomplishments for Bay with previous firms include a major headquarters expansion in Westlake, Texas for a national insurance company.

South Texas Retail Center Trades to Dallas-based Dunhill Partners

JLL Capital Markets announced today that it has closed the sale of the 206,284-square-foot, value-add Northcross Shopping Center located within a prime retail corridor in Victoria, Texas.

JLL marketed the property for a Dallas-based client and sold it to Dunhill Partners.

The 91% occupied Northcross Shopping Center is currently leased to Ashley Furniture, Office Depot, Tuesday Morning, Dollar General, Dollar Tree and more. Additionally, the center has presented strong leasing momentum with Ace Hardware, Pittsburgh Paint, Beauty Bar, Any Lab Test Now and Rock Discount Vitamins.

Located at 5016–5319 N. Navarro St., Northcross Shopping Center sits at the intersection of U.S 77 and Sam Houston Drive and is positioned between the power markets of Houston and Corpus Christi. The center is visible to approximately 40,573 vehicles per day and is situated in a super-regional trade area reaching a customer base from the surrounding 50 miles. The property benefits from Victoria County’s population of approximately 92,084 and average household income of $83,767.

The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Senior Managing Director Adam Howells, Managing Director George Cushing and Analysts Matthew Barge and Cole Sutter.

Suburban Dallas Multi-housing Community Trades to New Owner

JLL Capital Markets announced today that it has closed the sale of Independence Crossing, a 124-unit, boutique, value-add multi-housing community located in the Dallas, Texas suburb of Plano.

JLL represented the seller. Langdon Street Capital acquired the asset.

Built in 1999, the two-story Independence Crossing offers one- and two-bedroom units averaging 942 square feet. Select units feature stainless steel appliances, contemporary wood-style flooring and fireplaces. Community amenities include a resort-style swimming pool, a fully equipped fitness center, a modern clubhouse, a resident lounge, an executive business center, private yards, a dog park and detached garages.

Situated at 6501 Independence Pkwy, Independence Crossing offers residents convenient connectivity to the Dallas area’s major thoroughfares, including US-75, Dallas North Tollway and SH-121. The property sits just five miles from the largest employment centers in North Dallas, CityLine and Legacy Business Park, and is within proximity to top retail and entertainment destinations, including The Shops at Legacy and Stonebriar Centre. Additionally, the community is adjacent to the Bluebonnet Trail and is near several parks and greenbelts.

The JLL Capital Markets team was led by Senior Managing Directors Rob Key and Roberto Casas and Managing Director Greg Toro and Senior Director David Austin.

Stream Realty Partners Helps LERMA/ Double its Footprint in Dallas’ West End

Dallas native creative agency expands from 27,959 square feet to 55,918 square feet in one year in one of Dallas’s newest and most innovative creative office spaces.

The Luminary is located at 401 N. Houston St. in the West End, adjacent to the Central Business District. LERMA/ will occupy an additional full floor of the building. Stream Realty Partners Managing Director Dan Harris and Senior Associate Nate Hruby represented LERMA/ in the transaction. Senior Director of Project Management Services Bobby Kunkle provided construction management services. Stream, headquartered in Dallas, is a national real estate services, development, and investment company.

The Luminary offers an unmatched and innovative office experience with sweeping views of Downtown through electrochromatic glass windows that dynamically change tint in response to sunlight. Efficiently laid out floor plates and advanced building technology contribute to the collaborative atmosphere that LERMA/ strives towards.

Recently purchased by Harwood International, The Luminary also offers a rooftop terrace, 52 bike racks and daily food service. The building is centrally located at the intersection of the Harwood District, Dallas Arts District, Design District, Downtown, Uptown, and Victory Park, offering tenants easy access to a host of retail and dining options. The West End is accessible by all major highways, thoroughfares, and public transit, including all four of DART’s light rail lines. Harwood International’s Kelly Whaley and Hannah Mesh represented the owner in the transaction.

Stream Realty Partners Helps LERMA/ Double Its Footprint In Dallas’ West End

DALLAS – December 6, 2022 – Dallas native creative agency expands from 27,959 square feet to 55,918 square feet in one year in one of Dallas’s newest and most innovative creative office spaces.

The Luminary is located at 401 N Houston Street in the West End, adjacent to the Central Business District. LERMA/ will occupy an additional full floor of the building. Stream Realty Partners Managing Director Dan Harris and Senior Associate Nate Hruby represented LERMA/ in the transaction. Senior Director of Project Management Services Bobby Kunkle provided construction management services. Stream, headquartered in Dallas, is a national real estate services, development, and investment company.

“Our expansion is an incredible testament to our team’s hard work, talent, and their commitment to our culture,” said Pedro Lerma, CEO of LERMA/. “I believe that a great office space improves productivity and company culture. We look forward to continuing to do great things in The Luminary for many more years and, hopefully, many more expansions.”

The Luminary offers an unmatched and innovative office experience with sweeping views of Downtown through electrochromatic glass windows that dynamically change tint in response to sunlight. Efficiently laid out floor plates and advanced building technology contribute to the collaborative atmosphere that LERMA/ strives towards.

“Dan and Nate were wonderful to work with, helping answer questions and solve problems as we navigated our exciting expansion,” said Melissa Sinkoski, COO of LERMA/. “We couldn’t be more proud of our team’s hard work that allows us to expand. The Luminary is a perfect place for our exciting growth; it meets all our needs.”

Recently purchased by Harwood International, The Luminary also offers a rooftop terrace, 52 bike racks and daily food service. The building is centrally located at the intersection of the Harwood District, Dallas Arts District, Design District, Downtown, Uptown, and Victory Park, offering tenants easy access to a host of retail and dining options. The West End is accessible by all major highways, thoroughfares, and public transit, including all four of DART’s light rail lines. Harwood International’s Kelly Whaley and Hannah Mesh represented the owner in the transaction.

“Pedro and his team have doubled their footprint at a time where many companies are downsizing or remaining the same,” said Harris. “Their growth over the past year is fascinating and a testament to the unique and collaborative office environment they’ve created.”

About Stream Realty Partners

Stream Realty Partners is a full-service commercial real estate firm with integrated offerings in leasing, property management, tenant representation, development, construction management, investment sales, and investment management services. Headquartered in Dallas, Stream is dedicated to sourcing acquisition and development opportunities for the firm and its clients. Since 1996, the company has grown to a staff of more than 1,200 professionals with offices in Atlanta, Austin, the Carolinas, Chicago, Dallas, Denver, Fort Worth, Houston, Greater Los Angeles, Nashville, Northern Virginia, Phoenix, San Antonio, and Washington, D.C. Stream completes more than $5.8 billion in real estate transactions annually and is an active investor and developer across the nation. Visit www.streamrealty.com.

#

CONTACT:
Brian J. Medricka
Stream Realty Partners
Director, National Communications, Public & Media Relations
214.560.3033