Category: Deals & Announcements

Dickies officially finds new headquarters in Downtown Fort Worth

Posted on by Mia Goulart

One of the world’s leading performance workwear brands has found a new headquarters in the heart of its originating Texas city thanks to Stream Realty Partners.

Dickies, a top work apparel manufacturer founded in Fort Worth, has signed a lease at 500 Taylor St. in Downtown Fort Worth to serve as its new world headquarters. Dickies will occupy approximately 84,000 square feet at the six-story, mixed-use building. 

SADA Capital Partners, a Downers Grove, Illinois-based capital and asset management company, and SADA Tower LLC, a Texas limited liability partnership, purchased 500 Taylor St. (Tower Annex) and 500 Throckmorton St. (The Tower) in June 2022. 

Stream Executive Vice President Chris Doggett and Senior Associate Cullen Donohue represented the landlord in the transaction. Vice Chairman Randy Cooper and Vice President Wills Bauer of Stream represented the tenant. Stream is a national real estate services, development, and investment firm with a growing office in Downtown Fort Worth.

Dickies has occupied space at 509 W. Vickery Blvd. as a manufacturing facility and adjacent retail store for years.  

Dickies’ new headquarters will include space for office personnel, research, and design. 500 Taylor is a part of The Tower development, offering office and retail space with a 295-unit high-end condominium development directly above. Both properties were built in 1972 and redeveloped in 2005 after a tornado struck Downtown Fort Worth. The properties feature on-site property management and six restaurants. 

SADA Capital Partners plans to upgrade the building’s facade and add new finishes and lighting along 4th Street as it seeks new retail tenants in 2023. 

Mark Dabney of BOKA Powell is leading design on the project’s exterior improvements. 

Fort Worth Tower and Tower Annex are the first purchases SADA Capital Partners has made in Texas. 

Dickies is the largest new tenant signed in Downtown Fort Worth since Oncor relocated to 777 Main St. in 2020, according to Doggett. The company’s lease will absorb the third largest contiguous block of available office space in the Downtown submarket, which has seen a host of activity. The submarket recently saw Texas A&M announce plans to expand its current campus to 675,000 square feet and Apex Financial relocate its headquarters to 60,000 square feet in the Bank of America Tower. 

Stream Fort Worth has an office leasing and property management portfolio with more than 2.2 million square feet. The team has grown to 23 employees since the office in Frost Tower opened in 2015.

Alston Construction shares two promotions in Texas and Illinois

Posted on by Mia Goulart

Alston Construction has promoted Jayson Taylor to regional operations manager for the Central Region. He is proactive and responsible for providing the necessary resources to the central region project teams to deliver on-time, on-budget, and on-spec projects. Since joining Alston Construction in 2014, Jayson has contributed to managing processes in the Chicago office while supporting other offices’ field teams.

The Chicago office recently hired Mike Llewellyn to be the new operations manager. He has accomplished over 22 years of experience in successfully operating construction management projects in the cold storage, industrial, and manufacturing sectors. Mike is responsible for directing and overseeing the daily management, supervision, coordination, and successful completion of projects.

Merriman Anderson Architects celebrates with Realty Capital Residential the breaking ground of luxury residential tower on Lake Grapevine

Posted on by Mia Goulart

Merriman Anderson Architects (MAA) celebrates with Realty Capital Residential the groundbreaking of the 16-story luxury residential tower located at 3111 Sunset Boulevard on Lake Grapevine in Flower Mound, Texas. A ceremony was held on Wednesday, January 11 to celebrate the commencement of construction. The residential tower will consist of 207 one-, two- and three-bedroom units including penthouses and townhomes. 

Amenities for residents will include a golf simulator, billiards room, full-service bar, concierge, fitness center, valet, on-site structured parking for retail and residents, dog wash station, guest suites, and an elevated pool deck overlooking Lake Grapevine with a pool, spa and outdoor spaces to gather. 

The residential tower is part of the new 40-acre Lakeside Village resort community development. Lakeside Village is the final phase of the 160-acre Lakeside mixed-use project featuring an existing residential tower, hotels, lakefront restaurants, office space, retail shops, walking trails, and an outdoor performance venue. The new 3111 Sunset residential tower is adjacent to the new community lawn and provides luxury high-rise living with views of Lake Grapevine. 

Realty Capital Residential is the developer, and Archer Western is the contractor. MAA is the architect for the project responsible for the design and documentation.

The building is projected to be complete in early 2025.

Gensler announces several promotions in Texas

Posted on by Mia Goulart

Gensler has announced several promotions in its Austin and San Antonio offices: Principal John Houser, Managing Director/Principal Michael Rey, and Design Director/Principal Travel Albrecht.

John is known for his attention to client needs and his problem-solving ability fueled by inspired, creative thinking. He enjoys creating spaces that are as beautiful as they are comfortable, efficient, and purposeful.

John’s passion for design originates from his interest in architectural history, engineering, and the desire to create real-life works of art in the community. His design concepts are rooted in creating unique experiences and incorporating equity for both the client and the community.

While at Gensler, he has led planning and design efforts on projects including the University of Texas at Austin Moody Center and basketball practice facility, Block 16 + Austin Convention Center, 823 Congress building repositioning, The Orchard public art installation, and the Circuit of the Americas redevelopment master plan.

Michael Rey is the managing director of Gensler’s San Antonio office. He has 20 years of architecture, business development and project management experience. He has worked on a variety of building types, spanning civic, commercial, educational, hospitality, multifamily and urban design, which includes projects such as the UTSA National Security Collaboration Center and School of Data Science, ProjectMEND headquarters, an organization that supports veterans, the Alameda Theater, a historic Mexican-American venue, the San Antonio Zoo animal hospital, and ChildSafe facility, which serves children who are survivors of abuse.

Michael’s previous roles include senior principal and VP of operations at Overland Partners, lead architect for Jacobs San Antonio, as well as launching his own firm in 2011. He has taught at UTSA’s School of Architecture and currently serves as chair of their advocacy and advisory council. He is also passionate about educating and inspiring children and is an active supporter of organizations like the Boy Scouts of America, KIPP, San Antonio Sports Foundation–Healthy Kids, and Snack Pak 4 Kids SA.

Michael received a bachelor’s in environmental design from Texas A&M University, followed by a Master of Architecture from Yale University.

As a design director at Gensler Austin, Travis Albrecht is a highly sought after resource within the firm for his design vision and expertise in sustainable design and planning. Since joining the firm in 2008, he has been involved in many of their significant projects, as well as helped foster the growth of the office.

His experience spans a vast array of project types, from commercial office buildings and mixed use to education and master planning. Some of his notable projects include: 500 West 2nd (Google Tower), Block 164 Office Tower, The Domain Northside, The Fairmont Austin, Fifth + Tillery, Hilton Austin Overhead Walkway, the Moody Center (UT basketball arena and events center) and UPCycle.

Travis is also involved in strategic planning and thought leadership on topics including digital design, design resilience, and design purpose.

Travis received his Bachelor of Architecture degree from the University of Texas at Austin.

Texas-based LanCarte Commercial Real Estate announces major expansion into Dallas market, spearheaded by industry veteran

Posted on by Mia Goulart

LanCarte Commercial Real Estate, a dynamic real estate company offering, brokerage services, commercial investments and property management, announced the addition of its Dallas office led by industry veteran, Bill de la Chapelle. Sarah LanCarte, founder and president of LanCarte Commercial, will continue to guide the overall vision and operation of the firm. With over 30 years of commercial brokerage experience, Bill and the LanCarte team will provide client-centered real estate solutions in Dallas Fort Worth and across the United States. The addition of a Dallas office continues the firm’s strategic growth across the state over the next 10 years. 

This strategic expansion positions LanCarte Commercial to provide creative solutions and proactive partnerships to its clients. With concern in the marketplace about rising interest rates, this may seem like an unlikely time for growth, however, according to Sarah LanCarte, “there’s no better time than now to invest and grow.”

“Our company was founded during a period of robust growth. I know there is no better fit to support LanCarte’s continued growth than Bill,” said LanCarte. She continued, “Working together over the years, I have seen Bill’s tenacious commitment to the genuine success of each client and his skillful ability to work collaboratively. Now, this will be an official partnership and we could not be more thrilled to welcome his expertise and experience to the LanCarte team. As we enter this expansion phase of our company, we know he will be a major asset. As part of our growing team, we are pleased to announce that Sharon Cramer will join LanCarte Commercial as VP. With over 30 years of industry experience, we know she will be a vital team member!” 

Launched in 2018, LanCarte Commercial continues to grow by prioritizing collaboration and partnership. The firm sees this model as crucial, leading with the knowledge that clients require, complemented by guidance and expertise in all market conditions. Building upon Sarah’s innovative team-based approach, de la Chapelle brings a depth of technical knowledge and client relationships to the team that will support LanCarte in strategic planning for this expansion phase. 

When asked about his goals for LanCarte Commercial’s future, Bill de la Chapelle said, “The LanCarte team seeks to provide our clients with thorough and thoughtful service proven by profitable results. I am thankful for the opportunity to join Sarah and further support LanCarte’s clients and prospects. Texas is the number one growth state in the country; the Dallas-Fort Worth metropolitan area is the largest in the state and one of the fastest growing areas in the country. Although the economy suggests that storm clouds are ahead, the greatest outcomes emerge from times of the greatest adversity. The best is yet to come.”

Bill de la Chapelle Recent Milestone Projects: 

  • Supported a state-to-state relocation that achieved more than $20 million in cumulative savings over the course of the project. 
  • Acquired a highly competitive property in Austin, Texas, against six competitive bids by structuring a compelling offer and presentation that stood out among the rest.
  • Secured an ideal property for an Arlington startup business whose day-to-day operations were challenging for institutional property owners and municipalities.

K&G Fashion Superstore signs long-term Fort Worth lease

Posted on by Mia Goulart

K&G Fashion Superstore, a nationwide discount department store, has signed a long-term 31,473-square-foot lease at 4625 S. Cooper Street in Arlington. Beginning July 2023, the fashion retailer will renew its lease in the Cooper Street Plaza retail shopping center operated by Hartman Income REIT Management, Inc., a commercial real estate operator of its portfolio and owned by its affiliate, Silver Star Properties REIT, Inc. (Silver Star Properties) headquartered in Houston. 

K&G Fashion Superstore’s footprint of 31,473 square feet serves as a co-anchor tenant with OfficeMax, Home Depot, UPS, and Mattress Firm at the retail plaza. Cooper Street Plaza is conveniently located just one light south of Ronald Regan Memorial Highway. The property sees an average count of 150,000 vehicles per day while residing within three square miles of a population of 121,939. 

In the past year, the well-performing retail center has welcomed two additional well-known tenants to its mix, Black Rifle Coffee Company and State Farm Insurance. It also transacted with OfficeMax on a long-term lease renewal.

In the leasing transaction, Bryan Weiss, vice president of Hilco Real Estate, LLC, represented K&G Fashion Superstore, and Richard Maloof, executive vice president of leasing represented the landlord.