Tag: Dallas

Stream Realty Partners continues to hire, with seasoned land broker joining Dallas team

Posted on by Mia Goulart

Stream Realty Partners has recruited a seasoned land professional to help owners, developers, and investors maximize the value of their real estate holdings in today’s changing economic and regulatory landscape.

Shawn M. Street will serve as a VP of Dallas’ land division, working alongside SVP Demian Salmon to expand the firm’s land brokerage business across the Metroplex. He will be responsible for identifying, sourcing, and closing land transactions. Stream land experts leverage industry-leading technology to provide market analysis, feasibility studies, strategic site selection, residual valuations, highest and best uses, mapping, and demographic research.

Street was a SVP with Younger Partners and founded Street & Associates prior to joining Stream, a national commercial real estate firm headquartered in Dallas and offering an integrated platform of services.

Street brings prior commercial real estate experience to his new role, working as a consultant at Landry Commercial Inc. He also spent more than nine years as an independent petroleum landman for Tidewater Development.

CBRE National Partners arrange the sale of Alcott Station in East Dallas/Mesquite

Posted on by Mia Goulart

CBRE announced the sale of Alcott Station, Buildings B & D. The two buildings, totaling 918,000 square feet, are a part of a 160-acre master planned Class A+ business park in Mesquite, Texas. BentallGreenOak purchased the property from Urban Logistics Realty for an undisclosed price. Building D was 100% leased at the time of sale to RJW, a third-party logistics provider. 

Randy Baird, Jonathan Bryan, Ryan Thornton, Nathan Wynne and Eliza Bachhuber with CBRE National Partners arranged the transaction on behalf of the seller. 

Alcott Station is a master planned business park that will include over 1.6 million square feet once fully developed. The property encompasses human-centric designs implanted across the entire park to enhance the quality of life of the surrounding residents and future employees. Urban Logistics initially began plans for Alcott Station in 2020 after a successful project in Mesquite called Urban District 30, a nearly one million-square-foot business park near I-30 and Loop 635. 

What sets Alcott Station apart is the emphasis on creating an exceptional working environment. Located at the intersection of E. Scyene Road and Faithon P. Lucas Sr. Boulevard, Alcott Station was designed to include a five-acre public park connected to each building by a walking trail with the intent to enhance the quality of life for employees and surrounding residents. The park area will have playground equipment, workout equipment, as well as a fenced dog park. The Alcott Station design standards create a welcoming and modern corporate campus environment across the entire 160-acre master plan development.

Totaling 592,995 square feet, Building D was fully leased to RJW at the time of the sale. Building B, totaling 325,218 square feet, is available for lease. CBRE’s Kacy Jones, John Hendricks and Trevor Atkins with CBRE in Dallas are marketing the building for lease for the new ownership. 

Silver Star Properties shares new leasing activity in San Antonio and Dallas

Posted on by Mia Goulart

Silver Star Properties REIT, Inc. (Silver Star Properties), formerly known as Hartman Short Term Income Properties XX, Inc. has announced new leasing transactions in San Antonio and Dallas:

  1. City Oritente, Inc. Renewed 4,007 square feet at 8610 North New Braunfels in San Antonio, Texas.  In the transaction, Kaila Brodeur represented the landlord, Silver Star Properties REIT. 
  2. Foot Locker Retail, Inc. Renewed 3,484 square feet at 5486 Walzem Road in San Antonio, Texas. In the transaction, Brent St. Amant and Kaila Brodeur represented the landlord, Silver Star Properties REIT. 
  3. Pecos Construction LLC renewed 3,609 square feet at 8111 LBJ Fwy in Dallas, Texas. In the transactions, Lynna Smith and Katie Covarrubias represented the landlord, Silver Star Properties REIT. 
  • 8610 North New Braunfels, San Antonio, TX
  • 5486 Walzem Road, San Antonio, TX
  • 8111 LBJ Fwy, Dallas, TX

Glenstar completes multimillion-dollar office redevelopment and expansion at 20-story Premier Place in Dallas

Posted on by Mia Goulart

Chicago-based Glenstar Properties has completed its multimillion-dollar redevelopment of Premier Place, a 20-story, 457,900-square-foot Class A office building at 5910 N. Central Expressway in Dallas.

The project included the addition of 3,000 square feet of new space for an indoor/outdoor tenant lounge that features a coffee and cocktail bar, the expansion of the lobby and the renovation of a large conference room available to tenants.

A major part of the redevelopment was building an addition for the new lounge. Glenstar extended the building’s curtainwall on the east side of the building to enclose the new addition that opens to the redesigned courtyard.

The lounge’s high ceilings and floor-to-ceiling windows create an open, airy environment. Sofas and armchairs are arranged to provide multiple conversation areas, and large-screen TVs and a shuffleboard table offer entertainment options. The lounge flows into an outdoor area with tables and chairs and a patio sectional facing a built-in fireplace, all under a modern pergola.

The redevelopment is propelling occupancy at Premier Place, which is home to anchor tenants Merrill Lynch, AmWins and LifeTime, a fitness center occupying 62,000 square feet on the sixth and seventh levels of the garage. Five new tenants have signed leases since the completion of the redevelopment.

The redevelopment also included renovation of the second-floor conference room, which can accommodate 20-plus people. Audiovisual equipment and high-speed internet connections are provided for videos or presentations.

The redevelopment project began in late 2021 with Wright Heerema Architects serving as project architect, Glenstar as construction manager, and Scott & Reid as general contractor. Glenstar is the building’s property manager.

Built in 1985, Premier Place is located along U.S. Highway 75, just over one mile from Downtown Dallas, adjacent to SMU, Mockingbird Station, DART and The Katy Trail. Glenstar’s office portfolio in Dallas totals 2.7 million square feet, which includes Premier Place; Energy Square and the Meadows Building, a five-building, 1.1-million-square-foot office campus; and The Terraces, a 1.2-million-square-foot office campus of eight Class A buildings on 72 acres in Westlake, Texas. 

Hartman announces two new leasing transactions in Texas

Posted on by Mia Goulart

Hartman has recently announced two leasing transactions in Texas:

  1. Global Instrumentation Services leased 2,298 square feet at 400 North Belt Sam Houston Parkway East in Houston. In the transaction, Alexander Houston represented the landlord, Silver Star Properties REIT. 
  2. Jordan Monk Reber, P.C. renewed 4,020 square feet at 17300 North Dallas Parkway in Dallas. In the transaction, Bob Gibbons with REATA represented the tenant and Lynna Smith and Katie Covarrubias represented the landlord, Silver Star Properties REIT. 

Erik Hill joins Partner Valuation Advisors healthcare and life science practice

Posted on by Mia Goulart

Partner Valuation Advisors, a national commercial real estate valuation advisory firm, appointed Erik Hill, MAI, CCIM, MRICS, as managing director in Dallas. Hill will deliver valuation and advisory services for healthcare and life sciences properties nationwide, as well as be responsible for overseeing the growth in Dallas.  

Since launching in September 2022, Partner Valuation Advisors has completed more than 700 valuations across 40 states with an aggregate commercial real estate value exceeding $20 billion. The Chicago-based, technology-forward firm has grown to more than 50 employees in 20-plus markets nationally, making it one of the fastest growing commercial real estate valuation advisory companies in the U.S. Partner Valuation Advisors serves investors, lenders, investment funds, and real estate occupiers.  

Hill brings nearly 17 years of commercial real estate experience. In his previous role as managing director and national sector lead of healthcare and life science at JLL Valuation Advisory, Hill focused on providing valuations for properties in the healthcare and life science sectors. That included hospitals, medical office buildings, surgery centers, imaging centers, behavioral hospitals, substance abuse treatment centers, labs, GMP/cGMP facilities and others. The array of valuation and advisory services he delivers includes real property and going-concern appraisals, fair market rent studies for lease negotiation and Stark compliance, purchase price allocations for FASB ASC 805 and ASC 820 compliance, and other consulting services.  

Prior to joining JLL in 2016, Hill served on the National Healthcare Practice at Integra Realty Resources in Dallas. Prior to his career in appraisal, Hill spent 10 years as a commercial real estate broker with Coldwell Banker Commercial in Waco, Texas, where he was involved in sales, acquisitions and leasing of retail, office, industrial and multifamily properties. 

Hill holds a MAI designation from the Appraisal Institute, earned a CCIM designation from the CCIM Institute, and is a member of the Royal Institution of Chartered Surveyors (RICS). He earned a broker license from the Texas Real Estate Commission, is a member of the North Texas Chapter of the Appraisal Institute and an is an affiliate member of the National Association of Realtors. Hill received a bachelor’s degree in business administration from Baylor University and an MBA from Tarleton State University.