“Cadent Medical Communications (Syneos) renewed 12,609SF at 1707 Market Place Blvd. in Irving, TX for 5 years. Erika Jean McNeil with Jones Lang LaSalle, Inc. represented the tenant, and Michael Bowles represented the landlord, Hartman Income REIT.”

EBO Marketing Inc., developer of Sandy Lake Office Park, has sold the class A suburban project to a local accounting firm after walking back its original plan to part with just one of its two buildings. The multi-tenant office buildings, totaling 9,224 square feet, are situated on one acre at 1507 and 1529 E. Sandy Lake Road in Coppell, Texas. They were 75 percent leased at sale time. Richmond Collinsworth, first vice president of Bradford Commercial Real Estate Services, and Jared Laake, vice president, represented the seller, who developed the office park in 2010 and has used part of the space as its headquarters from the onset. Phillip Maxwell of Glacier Commercial Realty LP represented the buyer. “As the developer, EBO Marketing has an intrinsic attachment to Sandy Lake Office Park. After deep deliberations, the seller concluded it made sense to the keep the project together,” Laake said. Sandy Lake Office Park will continue as an owner-user project. The buyer of record, JV Empire LLC, is setting up shop in 1,500 square feet at 1507 E. Sandy Lake Road, which previously was occupied by the seller. In turn, EBO Marketing is moving into 2,250 square feet in the adjacent building through a short-term sale-leaseback. JV Empire had been searching the Coppell market for a site to lease. “Finding less than 2,500 square feet and building signage on a prominent road doesn’t exist in this area,” Collinsworth said. “This is an analytical buyer who recognized the merit of acquiring a building and accruing equity versus paying a landlord.” The Bradford team’s marketing attracted six solid offers because of Sandy Lake Office Park’s high visibility, freeway proximity and construction quality. The project is readily accessible to Interstate 35 E and President George Bush Turnpike and minutes from Dallas/Fort Worth International Airport.

The prominent Dallas leaders who make up the board for the Thanks-Giving Square Foundation are in early talks of what a significant overhaul of the downtown oasis might look like. While still in initial discussions, the foundation’s president and CEO, Kyle Ogden, suggest it might be upward of $25 million to breathe new light into the private meditation garden. Interestingly, the greenspace anchored by a spiraling nondenominational chapel was conceived by a real who’s who of Dallas—such as The Hunts, The Meadows—following the 1963 assassination of President John F. Kennedy. The idea, Ogden told D CEO, was to build something that Dallas could be proud of in the wake of the abased slaying. “My belief is the community came together around something they could be proud of that expressed the virtues and values of Dallas beyond what was in the headlines,” Ogden said. Before the Square’s dedication in 1976, religious leaders behind the project called it “a beacon of hope for generations.” No expense was spared as Dallas city leaders bought a city block and hired the most famous architect at that time, Phillip Johnson. Johnson has designed monumental buildings worldwide—Texas and Dallas held a special place for him, though. He first conceived the de Menil House in Houston in 1950 and, in 1964, designed the Beck House, which is well-known for its facade of slender concave arches that wrap around the home. Later, he created the Memorial in 1970 and composed the Marshall Field’s facades in Houston and Dallas, Momentum Place—now Bank One—and the Cathedral of Hope. Click to read more at www.dmagazine.com.

Associated Bank closed a $23,600,000 loan to AHC Funds to refinance the original construction loans for The Collection, a six-building, 90-townhome high-end residential rental community located in the Lower Greenville neighborhood of East Dallas. Construction of the six townhome buildings began in 2017, and all buildings (148,000 total square feet) were completed in early 2020. Each townhome averages 1,642 square feet and features 10-foot ceilings on the main living level in addition to two bedrooms, two and a half bathrooms, and a two-car grade-level garage. The six buildings in the project are include Live Oak (4901 & 4905 Live Oak Avenue), Moser North (2122 & 2202 Moser Avenue), Moser South (2215 & 2217 Moser Avenue), Garrett (2117 & 2121 Garrett Avenue), Bennett (2112, 2118, 2122, & 2202 Bennett Avenue) and Manett (4908 Manett Street). Edward “Ted” Notz, senior vice president of the commercial real estate division of Associated Bank, managed the loan and closing.

Adolfson & Peterson Construction (AP), a top national construction management firm and general contractor, along with Cushman & Wakefield and Page, have commenced construction on the new corporate headquarters for the PGA of America in Frisco, Texas. The new building will promote the PGA’s mission to bring state-of-the-art education facilities and a world-class workplace together. (September 29, 2020) Adolfson & Peterson Construction (AP), a top national construction management firm and general contractor, along with Cushman & Wakefield and Page, have commenced construction on the new corporate headquarters for the PGA of America in Frisco, Texas. The new building will promote the PGA’s mission to bring state-of-the-art education facilities and a world-class workplace together. The new 106,622-square-foot headquarters will sit on 6.2 acres of the new 660-acre PGA Frisco campus, which will also include two new championship golf courses, a 500-room Omni Resort and a golf entertainment district. Click to read more at www.patch.com.