Hawrylak & Associates renewed 2,066 square feet at 1521 N Cooper St. in Arlington, TX. Allison Fannin represented the landlord, Hartman Income REIT.

Greystar Real Estate Partners, LLC recently broke ground on the McKinney Airport Trade Center in McKinney. Located at FM 546/Harry McKillop Boulevard, the industrial campus is Greystar’s first industrial center in the Dallas-Fort Worth metroplex. NAI Robert Lynn Executive Vice President Randy Wood represented Greystar on the purchase of the land, along with Bill and David Cox from Carey Cox Co.

Greystar has acquired 70 acres, with room to build up to five buildings within two phases that will total over 740,000 square feet upon completion. Phase one will consist of three buildings spanning 320,000 square feet. Phase two includes two buildings encompassing 434,000 square feet. NAI Robert Lynn was also awarded the management and leasing for the trade center and will partner with Carey Cox on the leasing assignment.

The average tenant size is expected to cater to small-to-medium user markets in the service industries. The property is unique with access to highways 5, 75, 121 and 380, with proximity to major shopping centers and service industries, offering a rare opportunity for companies looking for industrial space in McKinney.

Construction has started on the trade center, and phase one is expected to complete at the end of 2022.

Colliers Mortgage, part of Colliers International | U.S., recently closed a $6 million Fannie Mae loan for the refinancing of Prairie Hollow Apartments, a 172-unit market rate multifamily housing property located in Denton, Texas. The property was constructed in 1984 and features 15 two-story apartment buildings, an outdoor pool, and laundry facilities. 

The loan carries a 10-year term and 30-year amortization and was arranged for Fera’s Group LTD.

JLL Capital Markets has closed the sale of Intermodal Commerce Park, a new, fully leased industrial park comprising three buildings that house 1.4 million square feet within the highly sought-after AllianceTexas master-planned project in the Dallas-Fort Worth MSA.

JLL marketed the property on behalf of the seller, a partnership between Gruene Real Estate Partners, Weber & Company and the industrial team of Crow Holdings Development. Clarion Partners acquired the asset. Additionally, JLL arranged the leasing of the project on behalf of the seller.

Completed in the fourth quarter of 2021, Intermodal Commerce Park is home to H-E-B, Volkswagen, Prairie Industries and ANEW Business Solutions. The modern buildings provide clear heights ranging from 36 to 40 feet, deep truck courts, 266 dock-high doors, 10 ramp doors, 325 trailer parking stalls, ESFR fire protection and 641 car parking spaces.

Located in Haslet at 206, 230, 280 S Intermodal Parkway, Intermodal Commerce Park is at the doorstep to the BNSF Intermodal entrance north of Fort Worth and will have direct access to the new Haslet Parkway Project, which will extend Haslet Parkway on the southern portion of the site and connect I-35W and SH170 via an expanded, four-lane highway. Given the proximity to BNSF and AllianceTexas’ connectivity to major air and ground transportation throughfares, this new project will be a prime logistical location for the foreseeable future and will allow tenants to reach any major Texas or regional market.

The JLL Capital Markets Investment Sales and Advisory team that represented the seller was led by Dustin Volz, Stephen Bailey, Dom Espinosa, Wells Waller and Jack Copher.

The JLL Leasing team responsible for leasing the project consisted of George Curry, Jamie Galati, Blake Rogers and Madison Hornisher.

JLL announced today that global investment bank, Houlihan Lokey, has signed a 74,805-square-foot lease at The Link at Uptown, a 291,986 square foot office development in Uptown Dallas.

Houlihan Lokey will occupy the top three floors of the Class-AA office building, where it will join tenants Shearman & Sterling and PMG. It anticipates a move-in date of early 2023.

Travis Ewert with Colliers and Jihane Boury with CBRE represented the tenant. JLL’s Blake Shipley and Thirty-Four Commercial’s Sarah Kennington and Bryce Jackson represented the landlord, Kaizen Development Partners.

The Link at Uptown, located at 2601 Olive St., is a 25-story, Class-AA office tower located in Uptown Dallas. Serving as a connector between Uptown, Victory Park and Downtown Dallas, The Link offers tenants a rich selection of luxurious amenities. These include two ground-floor restaurants, overnight executive suites and a full amenity floor with an outdoor terrace offering breathtaking views of the city. The building provides great visibility of the city and access to U.S. Highway 75, I-35 and the Dallas North Tollway.

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Northcrest Village located at 3044 Old Denton Road in Carrollton, Texas.

The 136,061-square-foot shopping center is anchored by ALDI and Ace Hardware and was approximately 85 percent leased at the time of sale. Margaret Caldwell, Patrick Kelley and Gill Warner of Stan Johnson Company represented the seller, an Oklahoma-based developer. The 1031 exchange buyer was an individual investor based in Texas.

Located in the northern Dallas suburbs, the shopping center features 31 tenants across three buildings. The tenant mix reflects grocery, restaurant, hard goods, soft goods and service providers including national retailers like Subway, O’Reilly Auto Parts, The UPS Store, Little Caesars and State Farm. At the time of sale, there were four contiguous in-line suites available for lease along with one junior anchor space adjacent to Ace Hardware.