A Private Fort Worth Company purchased Airport Commerce Park (300,000 SF) an Office Flex-Warehouse on Lee Road @ Sam Houston Parkway, Humble from Red Horn Capital. The broker was Tom Clarkson, West Star Marketing Group.

Wynne Transportation Holdings, LLC leased 2,635 square feet at 14110 North Dallas Pkwy in Dallas, TX. Noah Burns represented the landlord, Hartman Income REIT.

It was a big deal when Tesla announced its plans to open a second US vehicle production facility in Austin, Texas. It looks as though that decision may have started a trend because, according to a report published on Wednesday by Automotive News, Rivian might be getting ready to do the same, only not in the state capitol.

Yep, that’s right. Word ’round the campfire is that EV startup Rivian is considering building a second factory in Texas, which would join its primary production facility in Michigan and speaks to the brand’s intentions to expand its lineup. However, the company wouldn’t confirm that explicitly.

“Rivian is in discussions with multiple locations as part of a competitive process for siting a second manufacturing facility,” said Jim Chen, vice president of public policy for Rivian, in a statement. “This may include Rivian being involved in certain public-facing processes at potential locations. Involvement in these processes does not indicate a final decision.” Click to read more at www.cnet.com.

Trintech, a Dallas-based leading global provider of integrated financial software solutions, is pleased to announce it has signed a 70,000-square-foot lease at Granite Park Seven (5600 Granite Parkway) in Plano, Texas. Trintech’s headquarter relocation will accommodate the need for larger, more functional office operations that will improve team member health, collaboration and provide a state-of-the-art software environment to better support the needs of its current and prospective employees and customers. Craig Wilson, Executive Vice President, and Randy Cooper, Vice Chairman of Office Tenant Representation, with Stream Realty Partners (Stream), a national real estate services, development, and investment company, represented Trintech in the transaction.

“As an industry leader in the financial software industry who is consistently being recognized as one of the best places to work, we remain committed to providing our employees with the best resources and work environment to better serve our clients,” said Omar Choucair, Chief Financial Officer at Trintech. “Trintech has seen tremendous growth over the past several years and sees an even greater growth trajectory over the next 5 plus years so this new world-class facility was essential in ensuring we can continue to support the needs of our expanding team as we rapidly scale our global business.”

Located near Legacy at the intersection of Highway 121 and the Dallas North Tollway, Granite Park is located in one of the most active and dynamic submarkets in the United States. Granite Park offers innovative occupiers an elevated work environment with an abundance of walkable amenities. Notable recent developments within the Legacy submarket include Legacy West, Toyota NA headquarters and JPMorgan Chase Texas campus.

Stream’s Wilson, said, “As one of the world’s fastest-growing technology companies, it was critical for us to find Trintech a home that provided flexibility and growth opportunities to better support their growing clientele. After an extensive evaluation of the market and other business factors, we were thrilled to secure their new headquarters at Granite Park.”

Committed to providing a work environment focused on work-life balance, healthy lifestyles, community service and personal and professional development, Trintech continues to provide its employees with several benefits including:

• Hybrid WFH Work Model (3 in, 2 WFH)
• Open Time Off (OTO)
• Comprehensive healthcare and wellness programs
• 100% company-paid volunteer time
• Tuition reimbursement program

Banna Realty, LLC has finalized a deal for an office relocation off LBJ Freeway and the Dallas North Tollway. The space, located at 4901 LBJ Freeway, will serve as a corporate office for a local wholesale auto dealership. NAI Robert Lynn Principal Chad Albert represented the buyer in the deal. Susan Gwin Burks with Avison Young represented the seller. The move from the company’s previous Addison headquarters will provide a more spacious, convenient, and accessible location for employees with 49,504 square feet of space.

Despite challenges brought on by COVID-19, NAI Robert Lynn is still seeing a positive trend of office market transactions and office building acquisitions from its client base.

“The client tasked us with securing an office building to accommodate its accelerated growth over the last few years,” said Albert. “The objective was to pinpoint an office building that was well-located, satisfied current employee headcount, and provided the opportunity for additional expansion space for future projected hiring and growth. This particular property accomplished all of the above, along with an optimal location.”

Trez Capital is pleased to announce the sale of The Beacon on Westmoreland, in Desoto, Texas. The Beacon at Westmoreland was built in partnership with Thompson Realty Capital, LLC on a 10.41-acre tract of land, and offers 194-units in a Class A garden-style apartment complex. Trez Capital provided a $6,307,385 equity investment for the acquisition and construction of the project in February 2019.

The Beacon at Westmoreland is located along the southeast corner of Westmoreland and Beltline in Desoto, just 11 miles south of downtown Dallas. The unit mix consists of spacious homes, including 124 one-bedroom units, 58 two-bedroom units and 12 three-bedroom units. The floor plans range from approximately 550 square feet to 1,180 square feet.

“Our client-first mentality, dependability, and transparency define Trez Capital and has made us a partner of choice for leading real estate developers and owners in Canada and the United States seeking short- and mid-term financing on a diverse range of commercial real estate development projects,” said Chairman and Chief Executive Officer of Trez Capital, Morley Greene. “For years we have been providing equity investment solutions and know that The Beacon on Westmoreland is a strong addition.”

Trez Capital’s joint-venture partnership program provides experienced developers with equity investments for value-add and ground-up developments in key markets with strong population, employment, and GDP growth. In these areas, Trez Capital targets investments in the multi-family, single-family for rent, industrial, and self-storage asset classes. Trez Capital, along with its development partners, intends to provide capital appreciation for investors through the development process and sustainable income from holding properties over the long-term.