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Friedman Real Estate, one of the nation’s leading providers of commercial real estate services, recently leased the 2,504-square-foot office space to Wealth Partners Alliance in Houston, Texas.
Wealth Partners Alliance provides Financial Advisors and clients with a quality wealth platform and practice management tools to deliver optimal results and experiences.
Friedman’s Mark Zeidman advised the tenant in the transaction.
DALLAS – Sept. 29, 2022 – One of Texas’ largest speculative industrial buildings has broken ground in Wilmer within the South Dallas industrial submarket, boasting more than 1.35 million square feet of warehouse space.
Tradepoint 45 West, located at 1200 N. Sunrise Road in Wilmer, will offer 1,351,372 square feet under one roof, providing regional access to the State of Texas and central region of the country. The development is strategically located at the tip of the Texas Triangle, providing three-hour truck access to the Dallas-Fort Worth and Austin-San Antonio regions, which account for 66 percent of the state’s population. Champion Partners is the developer of this large-scale project in partnership with Cresset Partners, a Chicago-based investment and asset management firm with over $27 billion under management. Tradepoint 45 West will deliver in the 3rd quarter of 2023. Champion and Cresset have engaged Stream Realty Partners to provide leasing services for the project.
“We are proud to partner with the City of Wilmer and Champion Partners on the construction of Tradepoint 45 West. This project will fill a critical need for large users looking to locate in South Dallas to quickly access the DFW Metroplex and the greater Texas marketplace,” stated Dominic DeRose of Cresset Partners.
Thanks to accelerating e-commerce trends and an attractive location along Interstate 45 near Interstate 20, the City of Wilmer has experienced significant new industrial property growth the past few years, including 13 new “big-box” buildings aggregating over 10 million square feet. Tradepoint 45 West is the largest of these buildings, with state-of-the-art features that include 40-foot clear heights, 237 dock doors, 354 truck trailer parking stalls, and 306 employee parking spaces.
“We are thrilled about the ongoing partnership with Tradepoint 45 West, and we are proud to celebrate the groundbreaking of this new development. This is a great win for Wilmer as this project will continue to further strengthen our region and impact development statewide,” said Sheila Petta, Mayor of the City of Wilmer. “Our great City is one of the fastest growing within Southern Dallas County, and we continue thriving with growth. Our labor base, location, and regional proximity continue to remain as our strong points.”
Tradepoint 45 West is located in the heart of the International Inland Port of Dallas (IIPOD). IIPOD is a hub of the nation’s premier logistics transportation infrastructure composed of an intermodal and logistics district. Accessible by Interstates 45, 20, and 35 and Loop 9, the property is 2.3 miles from the Union Pacific Dallas Intermodal Terminal. The strategic location gives the development fast access to Loop 9, which is currently under construction, acting as the southern connector between Interstate 45 and Interstate 35. Downtown Dallas is 15 miles away.
“We were very fortunate to acquire this unique 95-acre property in the heart of the Inland Port area of South Dallas,” stated Champion Co-Managing Partner Steve Modory. “And thanks to prior very positive experiences working with the City of Wilmer, we felt confident pursuing a speculative project of this scale – it is the largest speculative building, not just in Wilmer and South Dallas, but within the larger DFW Metroplex.”
Many of North America’s most notable companies have distribution hubs in Wilmer including Proctor & Gamble, FedEx, NFI, Medline Industries, Crate & Barrel, Unilever, Yokohama, Nike, Ace Hardware, Makita, Sprouts, Smucker’s, and Amazon. “Stream could not be more excited to partner with Champion and Cresset on Tradepoint 45 West,” said Matt Dornak of Stream, a national real estate services, development, and investment firm headquartered in Dallas. “The project’s access, amenity base, and scale make it the premier single-building industrial development in the DFW Metroplex and the future home to one of the largest tenants in Texas.” Dornak, Senior Vice President Luke Davis, and Senior Associate Ridley Culp will provide leasing services at the development.
For leasing information, contact Stream Dallas at 214.267.0400
Ron Brown and Randy Sanders of MHW Brokerage Services represented the landlord, The Park @ 1488, in the lease of 1,250 SF of office condo space at 4714 FM 1488, Suite 202 in Conroe, Texas. Javier Gonzalez of the Urbankia Group represented the tenant, Massage Garden.
D&W Nameplate Service, Inc. Renewed 4,000 square feet at 5151 Mitchelldale in Houston, Texas. Jim Arledge with Arledge Group, Inc. Represented the tenant and Justin Harrity represented the landlord, Hartman Income REIT.
JLL has announced that 575, a Class-A office building, has jumped to more than 80% occupancy from a mere 30% in Summer 2021. Located in the heart of West Houston at 575 N. Dairy Ashford and formerly known as Energy Center II, 575 is one of the premier projects in West Houston.
JLL’s Christian Canion, Matt Pruitt, and Chrissy Wilson are the leasing agents for the property.
Located in Houston’s Energy Corridor, the office is situated within Woodcreek Park giving tenants direct and easy access to I-10. The master planned development is also home to Shell Oil, and a full-service Hyatt Regency Hotel. Amenities at 575 include a recently renovated lobby, fitness and conferencing center along with a full-service café.
Baker Hughes recently announced leasing 130,000 square feet at the project for their global HQ.
Over the last 12 months, JLL has upped the building’s occupancy to 83% and finalized deals with:
Baker Hughes (130,000 square feet) represented by Brent Woodruff, Lucian Bukowski, Collin Grimes and Craig Beyer with CBRE
Rockwell Automation (16,508 square feet) represented by Bill Boyer and Collin Grimes with CBRE
Winston & Strawn (12,916 square feet) represented by William Padon and Kevin Kushner with CBRE
Legacy Mutual Mortgage (3,874 square feet) represented by Anthony Squillante and Josh Morrow with Avison Young
Kemira Chemicals (3,605 square feet) represented by Joshua Brown and Audrey Selber with Newmark
Pogue Construction (2,368 square feet) represented by Ryan Young with Lee and Associates
Berkadia announces it has arranged the sale of Bend at Oak Forest, a 392-unit, garden-style multifamily workforce community located in Houston. Managing Director Jeffrey Skipworth, Senior Managing Directors Chris Curry and Todd Marix, Managing Directors Chris Young and Joey Rippel and Director Kyle Whitney of Berkadia Houston represented the sellers, a partnership between Goldcor Capital Partners, a real estate investment corporation based in Houston and Excelsa, a real estate investment company based in Bethesda, Maryland.
Kastle Assets, a multifamily investment and management company based in Houston, acquired the property.
“Bend at Oak Forest is a unique value-add asset in the affluent Timbergrove area of Houston and represents a great investment opportunity for Kastle Assets. The ongoing gentrification of the Timbergrove neighborhood and the proximity of the Houston Heights submarket ensure strong rental performance for Kastle. The new owners plan to implement a value-add strategy which will attract the growing segment of middle market renters seeking affordable but updated apartment options,” said Skipworth.
Located at 4000 Watonga Boulevard, Bend at Oak Forest offers one-, two- and three-bedroom apartments that average from 480 to 1,210 square feet. The updated individual unit amenities include wood-style flooring in entries, black or white appliance packages, frost-free refrigerators, walk-in closets, ceiling fans in bedrooms, and select-units feature; white shaker-style cabinets, kitchen pantries, carpeted bedrooms, washer and dryers, single basin undermount sinks and private patios and balconies. Community amenities include a clubhouse with Wi-Fi, a coffee bar, fully equipped fitness center, a swimming pool with seating and sundeck, a children’s playground, enclosed pet park, picnic tables with barbecue grills, open surface parking, clothes care centers and perimeter fencing and controlled access.
Bend at Oak Forest is near the sought-after Heights neighborhood Houston’s urban core with excellent accessibility to area amenities via the newly expanded Highway 290, including Memorial Park, Downtown Houston, the Galleria Uptown District and the only Houston station for the planned Texas Central bullet train.