Greyheller LLC renewed 2,356 square feet at 8111 LBJ Fwy in Dallas, TX. Alexander Houston represented the landlord, Hartman Income REIT.

New Lease Expands TQL’s Total Space in Worth & Associates’ Exchange Tech Center to 42,269 Square Feet

SAN ANTONIO—JUNE 15, 2022. Worth & Associates, San Antonio’s premier commercial real estate developer, has signed a new lease with Total Quality Logistics (“TQL”) to expand its existing operations by 17,590 square feet in Exchange Tech Center, bringing TQL’s total leased space in the center to 42,269 square feet. The company will use the space for a logistics center.

With this new lease, only 7,974 square feet remains available for lease on the first floor of Exchange Tech Center.

“We are delighted to welcome TQL to our Worth family of tenants and are especially gratified by their decision to significantly expand their leased space so quickly,” said Worth & Associates Senior Vice President of Leasing and Acquisitions Shawn Gulley. “We hope that Exchange Tech Center is an ideal location for their best in-class logistics operation and team culture in terms of both the space itself and its easily accessible location. TQL is highly respected and a leader in their industry — and we value their trust in Worth & Associates to suit their real estate needs.”

Last September, TQL leased the entire second floor of Exchange Tech Center, which encompasses 24,679 square feet, and moved into that space in April. In March of this year, before taking occupancy of the second floor, the company leased an additional 17,590 square feet on the building’s first floor and expects to move in sometime this fall. Currently, TQL is the only tenant in Exchange Tech Center; with this new lease, only 7,974 square feet remains available in the building.

Bryan Sethney, of Cushman & Wakefield, represented TQL in the lease negotiations. Shawn Gulley and Rob Gish represented Exchange Tech Center on behalf of Worth & Associates.

TQL is the second-largest freight brokerage firm in North America, employing more than 10,000 people nationwide, with over 200 employees based in San Antonio. The company plans to continue to invest in the region by hiring more employees, visit TQLjobs.com for more information.

Exchange Tech Center is a two-story, 50,243-square-foot office building located in the northwest submarket of San Antonio at the intersection of Wurzbach Road and Exchange Parkway. This location provides excellent access to Bandera Road and Loop 410 and is just 12 minutes from the San Antonio International Airport. It close to numerous desirable neighborhoods and apartment homes, as well as a wide range of retail shops, hotels, restaurants and public transportation options.

About Worth & Associates
Worth & Associates is a locally owned San Antonio commercial real estate development, investment and brokerage firm that operates exclusively in South Texas. With a stable portfolio of more than 3 million square feet of commercial real estate properties owned and managed internally, Worth & Associates exceeds clients’ expectations by offering exceptional customer service, with a focus on developing flexible, highly efficient buildings and space plans designed to meet tenants’ long-term business needs. For more information, visit https://worthsa.com.

About TQL
Total Quality Logistics (TQL) creates greater supply chain efficiencies for our customers by combining industry-leading technology with unmatched customer service. Customers and carriers turn to us daily to solve their transportation needs with competitive pricing, continuous communication and a commitment to do it right — every time. Through our comprehensive portfolio of logistics services and network of 130,000+ carriers we move 3 million loads of freight annually. Our company and employees make the world a better place by donating thousands of volunteer hours and millions of dollars each year through TQL Cares and the TQL Foundation. We are proud to be the naming rights sponsor of TQL Stadium, home of Major League Soccer’s FC Cincinnati. Founded in 1997 in Cincinnati, Ohio. TQL is one of the largest freight brokerage firms in North America, with 10,000+ employees in 56 offices across the U.S. Learn more at TQL.com.

DALLAS – June 14, 2022 – Stream Realty Partners has officially broken ground on a 3.4-million-square-foot, multi-building development in one of the nation’s most robust industrial submarkets.

20 East at 12955 FM 2932 in Mesquite is expected to deliver in two phases. The first phase will include 1.8 million square feet across three buildings, with the second phase adding three buildings totaling 1.6 million square feet. Stream, a national real estate services, development, and investment company, is developing, leasing, and managing the industrial park.

The development offers build-to-suit potential and building expandability. Modern amenities and features will include heavy trailer storage and car parking, the ability to fully secure the park, and a building variety that meets the growing demand in the area.

20 East’s location is prime for productivity, with access directly off Interstate 20 and FM 2932. The development, part of Mesquite’s growing master-planned business corridor called Trinity Pointe, is close to Interstates 635, 30, 45, and 35, offering ideal logistics to prospective tenants. Located east of downtown Dallas, Mesquite offers some of the most sought-after labor in Dallas-Fort Worth.

“Mesquite and Stream Realty Partners have a longstanding and valued relationship, and we are excited for them to build the largest industrial park in Kaufman County,” said Mesquite Mayor Daniel Aleman, Jr. “The 20 East at Trinity Pointe business park will bring many opportunities for job growth and additional commercial development to this area.”

Phase one of the project will include three warehouses that sit on 192 acres of land. Buildings can be leased in whole or part and offer build-to-suit office space. Building one boasts 294,063 square feet, 36-foot clear height, and a rear-loading configuration. Buildings two and three will be 1,009,360 square feet and 485,550 square feet, respectively. Both offer 40-foot clear height and cross-dock loading configurations. Phase two of the project includes a planned speculative three-building layout with 1.6 million square feet on 92 acres or build-to-suit opportunities.

“Stream could not be more excited to bring 20 East to the City of Mesquite,” said Matt Dornak, Managing Director at Stream Dallas. “This development will provide both the eastern side of the Metroplex and the Interstate 20 corridor with much-needed industrial space attracting tenants in the logistics and distribution space. Mesquite’s pro-business position, growing population base, and access to labor make it a great city to partner with.”

20 East is developed and owned by Stream Realty Partners. Bringing over 170 years of combined experience, the Industrial Development Services division at Stream sources and executes development opportunities across a growing platform and offers a full suite of development-related services. Stream’s Investment Management Platform leverages expertise from Stream’s 14 local offices to make investment decisions based on real-time supply and demand fundamentals. Stream actively owns 38 investments of 17.5 million square feet and approximately $2.2 billion in assets under management. Dornak and Ridley Culp, a Senior Associate, will manage the leasing of 20 East. For leasing information, contact Stream Dallas at 214.267.0400.

The Class A office property—Element Towers—is highly visible and prominently located along LBJ Freeway, just east of I-35

Dallas, TX (June 14, 2022) — Newmark announces the sale of Element Towers, a recently renovated, 673,150-square-foot office property in Dallas, Texas. Newmark Vice Chairmen Gary Carr, Chris Murphy, Robert Hill and Director Chase Tagen represented the seller. Newmark Vice Chairman David Milestone, Senior Managing Director Brett Green and Director Josh Francis facilitated the financing for the buyer.

Prominently located at 3010 and 3030 LBJ Freeway, Element Towers comprises two Class A office towers with adjacent parking garages on seven acres along the south side of LBJ Freeway (I-635). The building lobbies were recently renovated, and each tower includes a fitness center with locker rooms and showers, a conference facility and a full-serve café with dining area. Element Towers is 68 percent leased to a diverse base of tenants that generate a strong in-place cash flow.

“This sale reflects the continued strong demand for value-add office investment opportunities in Dallas-Fort Worth—demand that will soon exceed pre-pandemic levels,” said Carr. “With DFW among the nation’s top corporate relocation destinations, investors are eager to capitalize on the metroplex’s unparalleled growth and business-friendly environment.”

Surrounded by some of Dallas’ premier residential communities, Element Towers is convenient to the Galleria, Las Colinas and many of Dallas’ high-growth suburban communities to the north. With a high visibility location and direct access to LBJ Freeway, the property is within 15 minutes of Dallas/Fort Worth International Airport and Dallas Love Field.