Integrated Telecom Solutions renewed 2,018 square feet at 12655 North Central Expressway in Dallas, TX. Yvette Rodriguez represented the landlord, Hartman Income REIT.
Category: North Texas Deals & Announcements
Cambridge Holdings To Develop Healthcare, Health & Wellness District At Frisco Station
FRISCO, Texas (October 7, 2021) – Dallas-based Cambridge Holdings Incorporated, a national healthcare, commercial office and mixed-use real estate firm, has entered into an exclusive agreement with the Frisco Station Partnership to develop healthcare and health and wellness-related projects within Frisco Station, a 242-acre mixed-use development in Frisco. This agreement will commence the Health and Wellness District at Frisco Station, situated in the northwest quadrant of the Dallas North Tollway and Warren Parkway, adjacent to the Dallas Cowboys’ world headquarters, The Star, and The Ford Center.
“With Cambridge joining our team, we are reaching the full potential of Frisco Station as a globally recognized Smart, Creative, and Healthy mixed-use neighborhood,” said Trey Sibley, general manager of The Rudman Partnership. “As a well-known powerhouse, Cambridge brings the most innovative approaches to health and wellness-related development. We couldn’t be more pleased to have them join us as we execute what’s considered to be the crown jewel of the project – the place where residents and visitors can experience ways to live healthier, more active and longer lives.”
A result of a prominent partnership between Rudman, Hillwood and VanTrust Real Estate, Frisco Station Partners has delivered 650,000 square feet of office space, 955 units of multifamily housing, 450 hotel rooms and six acres of a programmed park system since launching the project in 2015. As one of the first communities in the nation built from the ground up with AT&T’s 5G platform, Frisco Station has leveraged this connectivity throughout the development to create one of the most robust mixed-use projects in North Texas. Click to read more at www.wolfmediausa.com.
North Texas Behavioral Health Authority Leased 14,054 SF at 8111 LBJ Fwy in Dallas
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 Renewed 2,260 SF at 12850 Hillcrest in Dallas
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 Formally Underway
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.
1031 Exchange Buyer Snaps up Fully-Leased Warehouse in South Stemmons
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.