After Hours Dentistry leased 4,747 square feet of space at Luna Crossing at 3933-3937 N. Central Expressway in Plano. The Retail Connection’s David Levinson and Paul Cooke, III negotiated the lease with Steven Jensen and RCA Global Partners.
Category: North Texas News DO NOT USE
HKS Expands Senior Living Practice With Addition of D2 Architecture Leadership Team
HKS, the global design leader, announced today that it has expanded its Senior Living Practice with the addition of senior living specialists David Dillard, FAIA; Grant Warner, AIA; Siobhan Farvardin Winfrey, AIA; and Keith Wilson, AIA, all formerly with D2 Architecture of Dallas. The remaining D2 staff will be joining HKS in the coming months as projects in progress are completed. “The senior living market is poised for tremendous innovation and growth, and the addition of this team to our firm adds top talent to our bench,” said HKS Global Director, Kirk Teske. “David and his team have a deep knowledge of the senior living practice area as well as excellent client relationships and an enviable portfolio of completed projects that run the gamut from intimate residential communities to high-rise towers. Increasingly our commercial/mixed-use, education, health and hospitality clients are looking to expand their real estate portfolios and investment in this growing market segment. We want to partner with them by offering planning, design and interior design services at scale.” “HKS is the perfect place for us at this stage of our careers,” added David Dillard. “We built a practice around senior living because we love it. Over the years we have crafted solutions for more than 300 senior living communities around the country. We look forward to taking everything we have learned working hand-in-hand with HKS teams across multiple practice areas and applying that knowledge to projects across the globe.” Click to read more at www.hksinc.com.
RESOLUT RE Closed Five Deals Around Texas
RESOLUT RE recently completed one land sale and four retail leases in Texas. The deals included transactions in the Austin, Dallas and Houston markets. Bento Bakes has leased 559 square feet at Market at Lake Creek (13776 US Hwy 183, Austin). Michael Noteboom and Andrew Perkel of RESOLUT RE represented the landlord. Gabrielas has leased 6,236 square feet at SouthPark Meadows II (9600 S I 35, Austin). Joey Mendez and Samuel Hartley of RESOLUT RE represented the tenant. Crab Heads Cajun Boil has leased 4,400 square feet at Steeplechase Landing Shopping Center (9626 Jones Road, Houston). Joaquin Orozco of RESOLUT RE represented the landlord. Daniel Tran of P R Associates Commercial represented the tenant. A tattoo shop has leased 1,100 square feet at Barclay Garden Plaza (18311 Clay Road, Houston). Myra Vorrice of RESOLUT RE represented the tenant. A convenience store has purchased two acres at Shops at Winterfield II (northwest corner of Gattis School Road and Winterfield Drive) in Hutto, Texas. Barret Espe of RESOLUT RE represented the seller. Henry De Keratry Jr. of Kera Realty represented the buyer.
Max Chanon, The Retail Connection, Negotiated Lease of 3,221 SQ FT Retail Space in Dallas
The Retail Connection’s Max Chanon negotiated the lease of the 3,221 square feet retail space with Joe Pastora and Alex Johnson with Stockdale Investment Group. Mayweather Boxing + Fitness is a retail space at the Shops of Highland Park at 4252 Oak Lawn Avenue in Dallas.
New Construction Office Property Breaks Ground in Lubbock
Construction has begun on a new, class A office building totaling 84,000 square feet at 5107 82nd Street in Lubbock, Texas. The property is being developed by CMS Properties, Inc and the leasing company on the project is Coldwell Banker Commercial Capital Advisors. The previously undeveloped site on the south side of 82nd Street and just west of Slide road will include four floors of office space served by two elevators. The building will offer views overlooking Lakeridge Country Club. The floor plates are approximately 21,000 square feet with suites divisible to 5,000 square feet. Suites will be built out to suit the needs of the tenants. Asking lease rates are $26 per square foot NNN with generous tenant improvement allowances available. “This is a terrific property located on the southwest side of the Lubbock market where there has not been enough supply of class A office space to satisfy tenant demand,” said Jef Conn, CCIM, SIOR and one of the leasing agents on the assignment. “CMS Properties builds top-notch commercial projects throughout Texas and New Mexico. We are pleased to partner with them to market this quality office asset.”
CBRE Brokers Sale and Arranges Financing for 180-Unit Multifamily Property in Euless
CBRE announces the sale and financing of Riverside Villas, a 180-unit, Class A multifamily community located at 3741 Post Oak Boulevard in Euless, Texas. First Capital Advisors (FCA) purchased the property from Dallas-based Trinity Postoak Ltd. Chris Deuillet, Jeremy Faltys and William Hubbard with CBRE capital markets’ investment properties in Dallas represented the seller. Jeff Stein, Michael Thompson and Brock Hudson with CBRE capital markets’ debt and structured finance team in Houston arranged the financing on behalf of FCA. This is the second multifamily purchase for FCA as they re-enter the Dallas-Fort Worth market. They were encouraged by the strong DFW market fundamentals and foresee the area as a core market for multifamily ownership across the country. “With Riverside Villas coming out of its initial lease up in the midst of the pandemic, collections were not affected,” said Deuillet. “This was one of our first assets to market in a post-COVID environment and Dallas-Fort Worth is still a very desirable location for solid returns. I was surprised on the level of interest we received.” The CBRE debt and structured finance team worked with FCA to secure attractive 10-year fixed rate agency financing from Freddie Mac. “Riverside Villas garnered intense lender interest from both agencies, but in the end, Freddie Mac was able win the assignment by allowing FCA to lock rate immediately and got comfortable with borrower projections on a property that was just stabilizing amidst COVID-19,” said Stein. Constructed in 2019, Riverside Villas offers residents high quality interior features and community amenities including a resort-style pool, 24-hour fitness center and business center. The property has close proximity to several major Dallas-Fort Worth employers, including DFW Airport, American Airlines, General Motors, Lockheed Market and the University of Texas at Arlington. The property was 94 percent occupied at the time of sale.