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Partners arranged the sale of an 8,000-square-foot Dollar General retail property located at 1001 West Dickinson Boulevard in Fort Stockton, Texas.
Partners’ Evan Altemus had the exclusive listing and represented the seller, a local investment group from Houston, following up on assisting them in the acquisition of the property a few years prior. The buyers were an investment group, also from Houston.
Partners Real Estate, one of the largest independent commercial real estate firms in Texas, arranged the sale of a 100,060-square-foot JCPenney retail building located at 23523 Grand Circle Boulevard in Katy, Texas.
Partners’ Dimitri Jordan represented the buyer in the transaction.
Jack Collins of Northmarq’s Chicago office completed the sale of a brand new, single-tenant property leased to Dollar General located at 1310 Westinghouse Road in Georgetown, Texas. Collins successfully closed the property at a 5.25% cap rate to a private investor.
The newly constructed freestanding Dollar General features 10,566 square feet situated on approximately 1.32 acres. The property is located just off Interstate 35 along the busy Westinghouse Road.
Georgetown, Texas, is a suburb less than 30 minutes from Austin and has been ranked as one of the fastest growing cities in the U.S. The tenant operates on a long-term absolute triple net lease and has proven to have one of the most successful business models in the net lease space.
Colliers announced the new hire of Senior Vice President Patrick Hill as an occupier services and capital markets broker. Patrick will focus primarily on tenant and buyer/seller representation in Central Texas in the office sector.
His experience encompasses complex and high-value leases and buyer and seller representation, totaling over $100 million in relocations, expansions, dispositions, purchases of all sizes, and everything in between. Patrick is recognized by his clients as a creative and knowledgeable broker, providing a wide scope of knowledge-backed guidance compiled from the transactions he is part of, including the complexity of Austin zoning, permitting, and current lease/sale comparables.
Before joining Colliers, Patrick helped found the TCU Real Estate Club in 2008, which is still in operation and has become a booming club for the school’s students; the club is a resource for education, experience, and career opportunities for its members. Patrick sits on several non-profit boards and volunteers regularly at Hope Food Pantry.
A longtime commercial real estate leader credited with growing Stream Realty Partners’ Dallas industrial leasing team by more than 100% in three years has been named a partner.
Managing Director Matt Dornak will continue to oversee day-to-day industrial activities for Stream’s Dallas-Fort Worth office alongside Managing Director and Partner Ryan Boozer. He joined Stream, a national commercial real estate firm offering an integrated platform of services, as an Analyst in 2011 and ascended over the last 12 years to associate, vice president, and managing director before being named partner.
During his tenure at Stream, Dornak has helped increase the Dallas-Fort Worth industrial portfolio by more than 30 million square feet. He is credited with building a successful South Dallas industrial leasing team from scratch and establishing relationships with countless new clients.
Dornak graduated with a Bachelor of Arts in Sociology from Dartmouth College and spent one year as a Paralegal at an Austin law firm before starting as an analyst at Stream DFW. He said he was drawn to Stream’s competitive environment and team and entrepreneurial mentality.
Stream Chief Operating Officer and Partner Blake Kendrick noted the DFW industrial group has become the largest business unit within Stream under Dornak’s leadership.
Dornak said one of his favorite quotes that he lives by and perfectly represents his time at Stream is: “When hard work becomes fun, success follows.”
GREA, specializing in serving private to institutional multifamily real estate investors, announced the sale of Casa San Luis Apartments, a 63-unit apartment community located at 3155 Park Lane, Dallas, Texas, 75220.
Allen represented the seller, Gomel Capital and procured the buyer, a local investment company.
Despite the slowdown in multifamily sales activity in 2023, the GREA Dallas team has successfully brokered over 19 apartment communities in the North Texas area with another 19 under contract set to close in the next 60 days.