HPM recently announced the hiring of accomplished industry professional and long-time owner’s representative Gaila Barnett, AIA, making her the company’s latest addition to its fast-growing west region. Barnett leads HPM’s ongoing work in the construction of the $35 million Hyatt Place hotel at Texas Christian University in Fort Worth, and will also play a vital role in helping HPM to expand its footprint in several industries. With decades of experience in the architecture, construction and owner’s rep markets, Barnett serves as a utility player who will help bridge the gap between HPM’s lines of service and client management on upcoming projects for the company. Barnett’s versatile background has given her a unique vantage point into the nuances of all phases of program management and equips her with the skills needed to guide key project partners across HPM’s broad portfolio of assignments. Throughout her career, she has led projects totaling $2 billion across 26 states in a variety of design, construction and owner’s rep leadership roles, adding continued depth and versatility to HPM’s bench of talent. Possessing a resume loaded with experience in the healthcare sector, Barnett brings the ability to home in on various facets of guaranteed maximum price, design-bid-build and design-build projects while navigating the challenges associated with each phase in complex organizations. Barnett began her career as an architect in the Dallas area and Los Angeles, learning all aspects of the industry’s business while leading major projects for high-profile clients including IBM, Dell and Southwestern Bell. She worked for the commercial construction firm The Beck Group in Dallas as a construction account manager for IBM in 17 states and oversaw a successful merger with one of the region’s leading design firms. Barnett led several dozen healthcare capital projects for Hammes Company including St. Luke’s Health in Houston, Pitt County Memorial Hospital in North Carolina and Scott & White in Temple, Texas, before expanding her own company, Barnett Consulting Group. As an entrepreneur, she began her company in 1995 as an ADA consulting firm and expanded her services to provide program management and owner’s rep services in 2010 for a number of signature clients, including Baylor, Scott & White Health in Texas and Cinemark in 17 states. “I’m thrilled to join the team of talented professionals at HPM and look forward to helping the company blaze new trails in Texas,” Barnett said. “I am confident in my ability to act as both a manager and mentor in all project stages, and believe that my extensive background in architecture and construction, along with the ability to see through the lens of the owner, will play an integral role in bridging the common language barriers often found in high-stakes project work. We’re off and running on the Hyatt Place hotel in Fort Worth, and I’m grateful for the confidence of the entire leadership team at HPM.” Barnett will add value by helping to plug in key knowledge gaps in the design phase spurred by the current void of mid-range project experience hampering the architecture community. A registered architect in Texas and California, Barnett was awarded the AIA Young Architect of the Year Award by the Dallas AIA chapter in 1996 and has appeared in several leading publications, including Contract Design Magazine. She is a registered accessibility specialist in Texas and has served as an ADA expert witness for the U.S. Department of Justice on numerous class action lawsuits. “Gaila’s keen understanding of the necessities and key details behind each phase of a major capital project allows her to produce superior work and communicate effectively with all parties involved,” said James Adams, vice president of HPM’s west region. “HPM is poised to benefit from her versatility and impressive list of industry contacts in Texas, and we anticipate her leadership will help guide us into the next decade of continued growth and expansion as we tap into new markets.”
Stream Realty Partners recently completed four transactions in the Dallas/Ft. Worth metro area. DRP Countryside, LLC purchased an 8,205-square-foot office building at 3737 Hulen Street in Fort Worth. Cullen Donohue and Vic Meyer with Stream Realty Partners represented the buyer. Jayson Williams with JL Williams Co. represented the seller, K/NECI Ltd. Cavalry Construction Company, Inc. leased 10,500 square feet at Royal Ridge Business Park, 8105 N. Belt Line Road, in Irving. Jones Lang LaSalle Brokerage, Inc. represented the landlord, Hay and Jones, Inc. Mac Hall with Stream Realty Partners represented the tenant. Ricoh USA, Inc. renewed its 8,429-square-foot lease at Harwood Center, 1999 Bryan Street in Dallas. J.J. Leonard and Ryan Evanich with Stream Realty Partners represented the landlord, FPG-DMT Harwood, LP. Wills Allen and Joe Siglin with Newmark Knight Frank represented the tenant. Home Delivery of Houston, Inc. leased 11,500 square feet at Perimeter Distribution Center, 12591-12623 Perimeter Drive, in Dallas. CBRE represented the landlord, WPI Perimeter LLC. Adam Jones with Stream Realty Partners represented the tenant.
TriGate Capital, a Dallas-based real estate investment management firm, has selected Stream Realty Partners for management and leasing of Comerica Bank Tower in downtown Dallas. Located at 1717 Main Street in Dallas, Comerica Bank Tower has long served as one of the most defining pieces of the Downtown Dallas Skyline. The 60-story, 1.5-million-square-foot building is home to major tenants such as Comerica Bank, K&L Gates, Marsh USA and Fish & Richardson. “Comerica Bank Tower functions as a true landmark of downtown Dallas,” said Paul Sharp, senior vice president of TriGate Capital. “The asset offers a tremendous value opportunity that is appealing for potential tenants navigating today’s office environment. The TriGate team is confident that the building’s high-caliber tenants coupled with Stream’s leasing and management expertise will prove to be successful as we launch Comerica Bank Tower into its next phase.” With over 450,000 square feet of office space available for lease, the building presents future tenants with Class A amenities, a flourishing location and the opportunity to join the likes of some of the most notable companies in the country. Comerica Bank Tower has undergone many improvements since 2014, including recently finished lobby renovations with upgraded entrances, seating and coffee bar coming in fall 2020. In addition, tenants have access to premium on-site amenities including white tablecloth dining, a delicatessen, tenant conference center, executive lounge with wine lockers, patio bar for social hour, sundry shop, shoe repair and access to the pedestrian network system. “Stream is excited about the opportunity to represent TriGate on such an iconic asset in Downtown Dallas,” said Rhett Miller, vice president of Stream’s Dallas office. “The submarket has shown a dramatic increase in leasing demand as of late and we are confident Comerica Bank Tower provides a perfect solution for tenants desiring to be in a Class A building in an amenity-rich location. We look forward to building on our success in downtown Dallas with the successful lease-up of Comerica Bank Tower.” Miller, alongside Matt Wieser and J.J. Leonard of Stream’s Dallas division, will handle the leasing and management of Comerica Bank Tower on behalf of TriGate Capital. The building is within walking distance to some of the most prominent restaurants and retailers in the city, in addition to the entire Central Business District, Arts District, and Uptown submarket. Its central location allows for easy access to major thoroughfares including the Dallas North Tollway, US-75, I-35, and I-30, and is just a short drive from both DFW Airport and Love Field.
Jonathan H. Brinsden, chief executive officer of Houston-based real estate investment and development firm, Midway, has been appointed as ULI Americas chairman. Brinsden, who succeeds Jack Chandler, founder of Majesteka Investment Holdings, will serve on a voluntary basis for a two-year term starting on July 1, 2020 and will also join the ULI global board of directors. Brinsden brings extensive ULI leadership experience to his new role having previously served as a global board director, governing trustee, ULI Foundation governor and as chair of ULI Houston. Brinsden is active in a number of civic leadership and charitable organizations including serving as chairman of Central Houston, on the executive committee, and board, of Buffalo Bayou Partnership, the board of SEARCH Homeless Services and the board of Coalition for the Homeless. Brinsden is a former adjunct professor at the University of Houston Bauer Graduate Real Estate Program and a frequent guest lecturer at Texas A&M University and Rice University. “We are excited to welcome Jonathan as ULI Americas chairman,” said Gwyneth Jones Cote, president of ULI Americas. “He has a wealth of experience in both the industry as well as within ULI. He is very passionate about real estate working for everyone in society and is a strong advocate of ULI’s mission. Jonathan’s drive to work with ULI members and communities to accomplish meaningful and lasting change is inspiring and I look forward to working with him closely over the next two years.” “For more than 25 years, ULI has always been an important part of my career and it is an honor to be named as ULI Americas chairman,” said Brinsden. “ULI is my primary place to connect with other industry leaders, share best practices and work to positively impact communities. ULI has always shaped how I think about real estate, the role our company can play in the industry, and the impact we can have in communities in which we work.” Brinsden starts his role at a critically important time for the real estate industry following the impact of the COVID-19 crisis and widespread demonstrations on racial inequity and said: “Although we are navigating incredibly challenging times, like all successful organizations, ULI will be agile and adapt to change. The fundamental goals of the Strategic Plan for the Americas are still relevant, more so now than ever. I see my role as supporting the ULI staff leadership team to help find opportunities in the midst of change and strengthen the Institute for the long term.” Brinsden has outlined that his priority will be diversity in ULI and the wider real estate industry. “Over the next two years, I have particular interest in focusing on how ULI can take a greater leadership role in tackling racial inequity and systematic racism in our industry and communities. ULI is committed to working with our members and communities to accomplish impactful and lasting change.”
NAI Robert Lynn landed a sublease deal in Dallas for Veritex Community Bank, a Texas-based bank specializing in business banking, commercial loans, small business lending, treasury management and mortgages. NAI Robert Lynn executive vice president and principal, Kent Smith, represented Veritex Bank along with Dan Boyles of NAI Partners in Houston. Veritex Bank is expanding its Dallas banking operations with the newly remodeled, 26,418-square-foot space inside the high-rise office building at 12750 Merit Drive. The new office is conveniently situated near the intersection of I-635 and U.S. 75 and is about seven miles from Veritex Bank’s headquarters. “It’s a unique space that was occupied by a global wealth management firm that had remodeled within the last two to three years,” said Veritex executive vice president, Rudy Beeching. “Thanks to NAI Robert Lynn we’re moving from a traditional space to a bigger, open workplace environment with great collaborative workspaces.” The space will accommodate up to 150 of Veritex Bank’s 700-plus statewide employees. Updated amenities include a conference center, comfortable tenant lounges, a state-of-the-art fitness center and deli. The new office location is also within proximity to the Westin Dallas Park Central Hotel. “This a huge deal for the office real estate industry because we completed it during an unprecedented pandemic,” Smith said. “The deal was finalized in early April and is a long-term sublease that included tenant improvements from the building and the sublandlord. The building amenities will provide Veritex Community Bank employees a lot more to look forward to when at work. NAI Robert Lynn was thrilled to represent this well-known, highly regarded bank.” Veritex Bank will move into the space in October.
Cambridge Realty Capital Companies provided a $3,907,100 HUD Lean loan to refinance Summer Meadows, a 115-bed skilled nursing care facility located in Longview, Texas. Hymie Barber, Cambridge Realty Capital’s national originations manager, said the fully amortized, 29-year loan was arranged for the owner, a New York limited liability company, using the HUD Section 232 pursuant to Section 223(a)(7) funding program. Underwriting the transaction was Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans.