Category: Deals & Announcements

Arlington-based Dodson Commercial Real Estate rebrands to ‘Street Realty’ and relocates HQ to Fort Worth

Posted on by Mia Goulart

Dodson Commercial Real Estate, a 39-year-old commercial real estate development firm based in Arlington, Texas, has rebranded to ‘Street Realty’ and will soon relocate its headquarters to Fort Worth, as part of its planned brand evolution in line with the vision of its new executive team led by Ryan Dodson and Alex Bryant. The ‘new’ Street Realty offices, along with Street’s 15+ employees, will be located in a newly acquired building at 3909 Hulen Street in Fort Worth.

With a focus on quality, organic growth, and conservative underwriting, the new Street Realty is well-positioned to take advantage of Tarrant County’s tremendous growth, so its rationale for rebranding to Street Realty and relocating to Fort Worth, where it plans to further expand its forward-thinking real estate services.

Street has multiple projects currently in-the-works throughout the region, including:

According to Ryan Dodson, whose father, Jerry Dodson, originally founded the firm in 1984, the rebranding effort was driven by the company’s growth, wide variety of projects, and continued expansion of services.

The company originally started as an Arlington-based property manager and developer. Once Ryan joined the company in 2002, it expanded services and established a decades-long track record of successful residential and commercial projects, including notable redevelopment projects in Downtown Arlington such as 404 Border, Block 300, and Urban Union. In the more recent years, the company has become active throughout Fort Worth, including projects in South Main Village, Magnolia Village, The Foundry District, and Clearfork. Dodson’s projects include notable customers such as The Bearded Lady, Nickel City, Salsa Limon, Fort Worth ENT, Fort Worth Locals, Panther City Salon, and more.

Alex Bryant joined the company in 2020 and brought with him years of commercial brokerage experience, where, under the Dodson CRE umbrella, he successfully launched a third-party services team. Bryant’s development experience includes the 2022 completion of the notable Texas Wesleyan student housing project, The Rosedale, which garnered community-wide praise and filled a much-needed demand for modern on-campus student housing at the University.

After joining forces in 2020, Dodson and Bryant ramped up their focus on urban projects with the development of The 701, a 68,000-square-foot mixed-use project in Magnolia Village, w

Midway signs Suderman & Young Towing Company as latest office tenant at East River

Posted on by Mia Goulart

Houston-based Midway, the privately owned, fully integrated real estate investment and development firm, announced Suderman & Young Towing Company, a tug service provider, has leased approximately 6,000 square feet in East River’s Trail Head 1 (Building F) office building, adjacent to the project’s bayou-side greenspace with views of Downtown Houston.

Founded in the late nineteenth century in Galveston, Texas, Suderman & Young Towing Company has provided professional towing and ship assist services to all types of vessels in Texas Gulf ports for over a century. Headquartered in Houston, the company’s tug fleet is strategically located in the ports of Houston, Galveston, Texas City, Freeport and Corpus Christi. Its full range of tug services include ship docking, undocking and harbor assistance; vessel escort; rig and special projects; and LNG terminal vessel assistance. Suderman & Young’s diverse tug fleet, which includes Z-Tech tractor tugs, can handle any vessel size.  All tugs are ISM and AWO RCP certified.

Construction Update
As leasing momentum continues, Midway has completed building construction on three retail/office components East River’s first phase. Two office buildings (Building F and Building C), which both feature retail space on the ground floor, are now complete, as is the retail component of The Laura multifamily community. Tenants are beginning to build out their spaces, with the majority slated for completion prior to the mixed-use development’s Fall 2023 opening.

In total, Phase 1 of East River will offer 300,000 square feet of leasable office space designed to fit a wide variety of business needs; three 10,000-square-foot independent office structures dubbed The Studios at East River, which are currently under construction and geared towards businesses looking to own their own space; The Laura, a five-story, modern-industrial multifamily community of 360 apartment homes; and an additional 100,000 square feet of retail at the ground floor of the office buildings, district garage, and bayou restaurant pavilions that will fuse commerce and culture with restaurant, hospitality, retail, medical, and entertainment forming spaces.

Confirmed Tenants and Leasing Information
Retail tenants confirmed for Phase 1 include Broham Fine Soul Food & Groceries, Lick Honest Ice Creams, El Condor Coffee Roasters, Tomi Jewelry, URBN Dental, and a new event venue and rooftop bar from the owners of The Astorian. Suderman & Young joins confirmed office tenants Impact Networking, Houston Maritime Center, Method Architecture and TEAL. OJB Landscape Architecture has pre-purchased one of The Studios at East River independent office structures.

Office and retail space is still available for lease at East River, though inventory is limited and going quickly. Only one full floor of office space remains in Building C, with small and full floors available in Building F. As momentum continues for retail leasing, Midway is proud to offer discounted retail space to Fifth Ward-owned businesses.

Brandi McDonald Sikes and Sobi Qazi with SVN | J. Beard Real Estate, Greater Houston are the exclusive leasing agents for the remaining office space in Phase 1, and retail leasing is handled in-house by Lacee Jacobs and Laura Harness from Midway’s Strategic Leasing and Advisory team. Suderman & Young was represented by Griff Bandy, Partners Real Estate.

Stream Realty Partners wins two leasing assignments for Unilev properties

Posted on by Mia Goulart

Stream Realty Partners’ office leasing team recently was awarded two new leasing assignments for Houston-area office buildings.

Stream, a national commercial real estate firm offering an integrated platform of services, will handle leasing and marketing for 3555 Timmons and 4550 Post Oak Place. Senior Vice President Brad Fricks and Vice President Matt Asvestas will serve as leasing agents at 3555 Timmons. Vice President Matthew Seliger and Senior Associate Danielle Rothchild will be responsible for leasing efforts at 4550 Post Oak Place.

Both 3555 Timmons and 4550 Post Oak Place are owned by Unilev, a seasoned real estate investment and management organization with a strong presence in the Houston market.

3555 Timmons is a 14-floor, Class A building in the Greenway submarket. The building is easily accessible to U.S. 59, Westpark Tollway, and Interstate 610, and is close to the residential areas of River Oaks and West University Place. Ownership has recently invested more than $3.2 million in capital improvements, including a complete lobby and conference room/training center renovation.

3555 Timmons is surrounded by a wide variety of restaurants, upscale hotels, and renowned retail. Availabilities at the building range from 1,500 square feet to 18,141 square feet.

4550 Post Oak Place is a three-story boutique office building in the Galleria submarket. The premier location offers immediate access to major thoroughfares including Interstate 610, San Felipe Street, and Post Oak Boulevard. The building features an on-site deli, covered parking, and controlled access. A myriad of popular restaurants, retail shopping, and hotels are minutes away. Availabilities at 4550 Post Oak Place range from 505 square feet to 7,653 square feet.

“Thanks to dedicated and stable ownership, 3555 Timmons and 4550 Post Oak Place are well-positioned to welcome new tenants and provide them with a top-of-the-line occupier experience,” said Fricks.

Fricks, a tenured broker with more than 31 years of office leasing experience, was recently named the Houston Office Leasing Brokers Association (HOLBA) 2022 Landlord Broker of the Year. He was recognized for his production at over nine million square feet throughout the course of his career, as well as his industry involvement and numerous accolades. With this newly awarded assignment, Fricks now serves as the leasing agent for three Unilev-owned properties: 3555 Timmons, One Riverway, and Three Riverway.

  • 3555 Timmons
  • 4550 Post Oak Place

Hartman announces new leasing transactions in North Texas

Posted on by Mia Goulart

Hartman has recently announced two leasing transactions in Texas:

  1. 20/20 Communications, Inc. renewed 2,228 square feet at 1333 Corporate Drive in Irving. In the transaction, 20/20 represented themselves and Allison Fannin represented the landlord, Hartman Income REIT. 
  2. Carey Asset Management renewed 3,313 square feet at 12221 Merit Drive in Dallas. In the transaction, Carey Asset Management represented itself and Alex Houston represented the landlord, Hartman Income REIT. 
  • 1333 Corporate Drive, Irving
  • 12221 Merit Drive, Dallas

CBRE changes Dallas HQ plans with new building still on hold

Posted on by Mia Goulart

Earlier this month, CBRE announced plans to relocate its Dallas HQ from 2100 McKinney Ave. to the building next door that once housed its now-obsolete flexible workspace concept, Hana, in Dallas’ Klyde Warren Park.

According to CoStar News, CBRE will move into the space at 2121 N. Pearl St. in the coming months and will occupy 67,000 square feet in the building.

It was reported that CBRE had originally planned to build a new tower in Uptown Dallas, but plans remain on hold due to the current cost of undertaking planned projects.

“We still believe it’s one of the best office sites in America,” CBRE CEO Bob Sulentic told the Dallas Morning News. “And that site is going to get built. It’s a 700,000-square-foot office building, and it doesn’t make sense right now. But we still need to have a global headquarters.”

The new building was expected to be developed by Dallas-based Trammell Crow Co., CBRE’s U.S. development arm, and the project will be reconsidered when office market conditions are right, CBRE told CoStar News.

For now, CBRE’s Dallas advisory and Trammell Crow Co. employees will continue to work out of its existing office at 2100 McKinney Ave.

CBRE confirmed their global HQ will likely be housed at 2401 McKinney Ave. in the future, as construction of a new building will take several years once a decision is made to break ground.  

Partners Real Estate arranges lease for Texas Installs, LLC in Schertz

Posted on by Mia Goulart

Partners Real Estate, one of the largest independent commercial real estate firms in Texas, arranged a 41,335-square-foot lease for Texas Installs, LLC located at 5800 Tri-County Parkway in Schertz, Texas.

Partners’ Chris Caudill and Troy Martin represented the tenant, Texas Installs, LLC in the transaction. Nick Prater with 4M Realty Company, represented the landlord, FHS Associates, San Antonio, LP.

Texas Installs, LLC is an appliance installation company headquartered in Houston. They have experienced a tremendous amount of growth and needed to expand their operations into the South Central Texas market.