Tag: Irving

Dallas investment fund plans to renovate newly purchased Irving office building

Posted on by Mia Goulart

An Irving office building leased by Stream Realty Partners since 2010 has been sold to a Dallas-based real estate private equity fund.

Reserve Capital Partners, in partnership with Trinity Investors, purchased Crestview Tower at 105 Decker Court from Austin-based CapRidge Partners. The new owner has hired Dallas architectural firm Entos Design to completely reimagine the building’s entry, lobby, fitness center, tenant lounge, and outdoor patio. Reserve Capital’s construction team will oversee the multi-million-dollar renovation featuring design elements such as wood-slatted accent walls and ceilings, modern pendant lighting, and stylized directional wall graphics. Furniture, artwork, carpets, and wallpapers will boast warm, earth-tone colors. The project is expected to take approximately four months once plans are finalized. Financing for the project was provided by Southside Bank Senior Vice President for Commercial Real Estate Jonathan Ferrell.

Reserve Capital will retain Stream, a national commercial real estate firm offering an integrated platform of services, to lease the 12-story building in the booming Las Colinas submarket. Executive Vice President and Partner Tim Terrell and Managing Director Rhett Miller of Stream Dallas serve as the leasing agents.

Crestview Tower was designed to house the headquarters of firms seeking inspiring workspaces. Building amenities include a conference center, on-site property management, 24-hour security, keycard access, fiber internet, and day porters.

Tenants appreciate being within walking distance from 50,000 square feet of retail shops and local and chain restaurants. High-end residential units and hotels also are nearby. The property sits right off State Highway 114 and offers commuters easy access to SH 183 and 161 as well as interstates 35E and 635. Three major transportation hubs–Dallas Fort Worth International Airport, Dallas Love Field Airport, and Addison Airport–are 10 minutes, 15 minutes, and 23 minutes away, respectively.

Crestview Tower is currently 78% leased. The office building has several speculative suites available with high-end finishes and access to full amenities. Rentable office spaces range from 943 square feet to 8,447 square feet. 

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

Sason acquires first DFW office properties, plans $2.5 million renovation

Posted on by Mia Goulart

A New York and Miami-based real estate investor has acquired an Irving office complex and announced a $2.5 million renovation project to begin this year. 

Sason, a privately controlled real estate investment firm with a proven record of transforming office assets, acquired 104 and 106 Decker Court in Irving in Q4 of 2022 to mark its first Dallas-area purchase. The buildings and surrounding property have been rebranded as Cascade (I & II) and are set to receive a complete facelift beginning in Q1. The complex offers a total of 97,855 square feet.

Stream Realty Partners Vice President Chase Lopez and Associate Patrick Cruz will provide leasing services for the assets. Stream is a national real estate services, development, and investment firm headquartered in Dallas.

To encourage productivity and collaboration, an outdoor pavilion for lounging, work and events connecting the two buildings will be created as part of the broader capital program. The lobby and other common areas will be completely reimagined, and a state-of-the-art athletic club will be introduced for tenants. Exterior improvements and refreshed landscaping are also planned.

Cascade is located off Highway 114 and North O’Connor Boulevard, with both buildings overlooking the scenic Las Colinas Country Club Golf Course. Exterior balconies on the first two floors give tenants an additional place to take calls and meet. Tenants currently enjoy underground covered parking. The area also offers an abundance of convenient locations within a one-mile radius including banks, gyms, fitness studios, and dining experiences. 

“The vision that the Sason Organization has created will transform the market perception of not only the complex but the entire neighborhood,” Lopez said. “The cosmetic enhancements and on-site experience will be second to none. Stream is thrilled to partner with Sason on this redevelopment.”

Las Colinas saw 156,816 square feet of positive absorption in Q3 of 2022. Tenants needing smaller floor plates are “flocking to the area, and landlords are seeing great success by catering to these tenants’ needs by managing vacancy prep, outfitting spec suites, and prioritizing lobby renovations,” Lopez said.

Sason acquires first DFW office properties, plans $2.5 million renovation

Posted on by Mia Goulart

A New York and Miami-based real estate investor has acquired an Irving office complex and announced a $2.5 million renovation project to begin this year. 

Sason, a privately controlled real estate investment firm with a proven record of transforming office assets, acquired 104 and 106 Decker Court in Irving in Q4 of 2022 to mark its first Dallas-area purchase. The buildings and surrounding property have been rebranded as Cascade (I & II) and are set to receive a complete facelift beginning in Q1. The complex offers a total of 97,855 square feet.

Stream Realty Partners Vice President Chase Lopez and Associate Patrick Cruz will provide leasing services for the assets. Stream is a national real estate services, development, and investment firm headquartered in Dallas.

To encourage productivity and collaboration, an outdoor pavilion for lounging, work and events connecting the two buildings will be created as part of the broader capital program. The lobby and other common areas will be completely reimagined, and an athletic club will be introduced for tenants. Exterior improvements and refreshed landscaping are also planned.

Cascade is located off Highway 114 and North O’Connor Boulevard, with both buildings overlooking the scenic Las Colinas Country Club Golf Course. Exterior balconies on the first two floors give tenants an additional place to take calls and meet. Tenants currently enjoy underground covered parking. The area also offers an abundance of convenient locations within a one-mile radius including banks, gyms, fitness studios, and dining experiences. 

Las Colinas saw 156,816 square feet of positive absorption in Q3 of 2022.