Tag: Dallas

Uptown Dallas’ Chateau Plaza gets new name as multi-million-dollar makeover revealed

Posted on by Mia Goulart

An 18-story Uptown Dallas tower has dropped its moniker of more than 30 years as owners begin a multi-million-dollar capital improvement project.

Chateau Plaza will now be called 2515 McKinney to highlight the property’s opportune address in the increasingly popular submarket known for its diverse mix of residential, retail and office spaces. The property is owned by institutional investors advised by J.P. Morgan Global Alternatives.

J.P. Morgan Global Alternatives worked with Stream Realty Partners to reimagine the building’s identity as a complete renovation starts on the lobby, tenant lounge, public corridors and boardroom. A fitness center and outdoor patio also will be added to enhance the tenant experience and attract companies seeking employee-centric office spaces in buildings with modern amenities. Dallas-based Entos Design has been retained to oversee the design and construction, which is expected to wrap up in the fall.

Stream, a national commercial real estate firm offering an integrated platform of services, is headquartered in Dallas and provides leasing and property management services at 2515 McKinney. Managing Director Rhett Miller and Associate Patrick Cruz serve as leasing agents. Blair Miller is the Property Manager.

Chateau Plaza was built in 1985 and last renovated in 2011. The building, with 178,970 square feet, sits on the corner of McKinney Avenue and Fairmont Street, near a host of fast-casual restaurants and popular retail shops that tenants will appreciate. Interstate 35 East, U.S. 75 (Central Expressway), and Woodall Rogers Freeway (Texas Spur 366) are all easily accessible for commuters.

2515 McKinney is home to the privately held, state-chartered financial institution Nexbank; national healthcare strategy and transaction advisory firm VMG Health; and national business advisory company Riveron. The building offers suites from around 1,500 square feet to full floors–including the 13th floor available in November 2023 and the 10th floor available in June 2024–at more than 18,000 square feet. 

Dallas-based Mohr Capital welcomes new chief strategy officer

Posted on by Mia Goulart

Mohr Capital, a Dallas-based national real estate investment firm, recently welcomed Roger Snell to its team as chief strategy officer (CSO). He is responsible for developing new investment verticals and leading capital market relationships and joint ventures.

Prior to joining Mohr Capital, Roger served as a board member of Veritas Investments, Inc., one of the largest investors and operators of apartments in San Francisco and the Bay Area, as well as their chief investment officer (CIO). As CIO of Veritas, Snell was responsible for leading acquisitions and dispositions along with directing equity and debt capital formation and strategy.

Snell is also a board member of the CIM Real Estate Finance Trust (CMFT), a $7.4 billion public real estate investment trust (REIT) investing in senior secured loans and credit leases, of which he is a member of the Investment Risk Management and Valuation, Compensation and Affiliate Transaction Committee.

Before his time at Veritas Investments, Snell successfully led $21 billion of transactions, including acquisitions, sales, joint venture mergers and financings.

StreetLights Residential announces new CFO and two senior leadership promotions

Posted on by Mia Goulart

StreetLights Residential, a design-driven developer of multifamily and mixed-use communities, is pleased to announce three executive-level promotions. Andrew Kastanos has been promoted to chief financial officer, and Case Killgore and C.J. Cacheris have joined StreetLights’ senior management team as president of development and president of design-build, respectively.

Kastanos, who was promoted to senior vice president of finance in 2022, and chief financial officer at the end of 2022, is responsible for all debt and equity capital markets, as well as capital relationship management. Kastanos was one of the first employees at StreetLights after its founding in 2011, starting as a senior financial analyst, and was the first member of the senior management team to be brought up from inside the organization. During his time at StreetLights, he has been involved in 44 project starts and $3.4 billion capitalized to date.

Killgore has been promoted from senior vice president of development to president of development, joining the senior management team. Killgore is responsible for overseeing the company’s development efforts across the country, including feasibility and site selection. Prior to this, he oversaw all regional development efforts after establishing the portfolio management platform. He has been with StreetLights since 2019.

Cacheris joins the senior management team as president of design-build after functioning as senior vice president of design-build. Cacheris oversees the vertically integrated organizational structure of the core architectural, interior design and construction business units. During his time at StreetLights, C.J. has acted as senior vice president of design-build, vice president of LEAN and LEAN director. Bringing his expertise in organizational change management, business architecture and knowledge of startup technology process frameworks to StreetLights, he has transformed the way the company thinks about flow of work and how things get done.

  • Andrew Kastanos
  • Case Killgore
  • C.J. Cacheris

Silver Star Properties announces new leasing activity in Dallas

Posted on by Mia Goulart

Silver Star Properties REIT, Inc. has recently announced two leasing transactions in Dallas, Texas:

  1. Cook Financial Services renewed 2,004 square feet at 12655 North Central Expressway. In the transaction, Michael Bowles with Avison Young represented the tenant and Alex Houston represented the landlord, Silver Star Properties REIT, Inc. 
  2. Pediatrix renewed 3,882 square feet at 12655 North Central Expressway. In the transaction, Pediatrix represented itself and Allison Fannin and Caleb Ninemire represented the landlord, Silver Star Properties REIT, Inc. 

Extra Space purchases self-storage facility in Dallas

Posted on by Mia Goulart

JLL Capital Markets has closed the sale of Greenville Self Storage, a 741-unit, climate-controlled self-storage facility in Dallas, Texas.

JLL marketed the property on behalf of the seller, Wentworth Property Company, LLC. Extra Space Storage purchased the asset.

Completed in 2019, Greenville Self Storage totals over 83,000 square feet, which includes 2,100 square feet of retail space. The four-story, Class A facility offers drive-up units, security and personalized access. CubeSmart was previously managing the property, which is currently over 90% occupied.

The property is located at 7557 Greenville Ave. next to Royal Oaks Country Club at the intersection of Walnut Hill Lane and Greenville Avenue in North Central Dallas. The site provides convenient access to Central Expressway and LBJ Freeway, two of the city’s primary thoroughfares, and is visible to more than 30,000 vehicles per day. The area surrounding the property is home to more than 173,000 residents within a three-mile radius, which provides a stable long-term demand base.

The JLL Capital Markets Investment Sales and Advisory team that represented the seller was led by Managing Directors Brian Somoza and Steve Mellon, Directors Matthew Wheeler and Adam Roossien.

Hartman announces new leasing transactions in North Texas

Posted on by Mia Goulart

Hartman has recently announced two leasing transactions in Texas:

  1. 20/20 Communications, Inc. renewed 2,228 square feet at 1333 Corporate Drive in Irving. In the transaction, 20/20 represented themselves and Allison Fannin represented the landlord, Hartman Income REIT. 
  2. Carey Asset Management renewed 3,313 square feet at 12221 Merit Drive in Dallas. In the transaction, Carey Asset Management represented itself and Alex Houston represented the landlord, Hartman Income REIT. 
  • 1333 Corporate Drive, Irving
  • 12221 Merit Drive, Dallas