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The Deal Sheet

Originally Published: Real Estate Bisnow | Dallas - Fort Worth

September 09, 2013

The Deal Sheet


Neovia Logistics Services' HQ relo from Illinois to Irving is just the beginning of corporate relos, Greater Irving-Las Colinas Chamber of Commerce prez Chris Wallace tells us. More than BBQ is luring businesses here; it's Gov. Perry's ad campaign and the state's biz-friendly environment.

 

corporate center
Earlier this year, Japanese firm Trend Micro announced its plans to move its US HQ and 220 jobs to Irving by year's end. Chris says the Irving-Las Colinas area (and Texas, overall) has been aggressive in recruiting companies. He says Irving's location is ideal because of its proximity to DFW International Airport, which can support existing customers across the country for firms like Neovia. With a November move-in planned, Neovia signed an almost 46k SF lease at 6363 N SH 161 in Las Colinas Corporate Center. The company is working with Perkins + Will's Dallas team on the design and build-out. Chris says Neovia plans to invest about $3M toward that effort. CBRE's Josh White and Chelby Sanders repped the tenant.
SALES

Double Eagle Properties bought 40k SF at the northeast corner of Ridge Road and Summer Lee Dr in Rockwall from Temunovtc Partnership. The Retail Connection's Michael Thum and Jeremy Zidell repped the buyer. Regal Realtors' Tina Cox repped the seller.

 

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Custer Properties purchased the 33k SF Town West shopping center at 6700 Camp Bowie Blvd in Fort Worth. Henry S. Miller Brokerage's Shawn Loney-Riner repped the buyer. SRS Real Estate Partners' Jason Middlebrook repped the seller.

 

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An LLC purchased the 92-unit Islands West apartments at 2700 Rock Island Rd in Irving from an individual personal trust. Marcus & Millichap's Bard Hoover and Nick Fluellen repped both buyer and seller.

 

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CTMGT Hickory Creek 13 purchased almost 14 acres in Hickory Creek in Denton County with the intention of developing single-family lots. The number of lots and homebuilder are still tentative. Henry S. Miller Brokerage's Ben McCutchin repped the seller, Diamond Production Energy.

 

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The Van Tuyl Group purchased more than four acres at 300 Lexington Dr in Plano. Also included in the deal is an almost 47k SF former Toys R Us site adjacent to Plano's Crest Cadillac & Infiniti dealership. The seller was repped by DJM Realty. Henry S. Miller's Bill Bledsoe repped the buyer.


EXECUTIVE PEOPLE

Greg Biggs joined JLL as managing director in the Dallas tenant rep group. Prior to joining JLL, Biggs was an executive managing director and principal at Cassidy Turley and executive director at Cushman & Wakefield of Texas before that.

 

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Rhonda Thompson has joined Boxer Retail as the director of retail leasing. Prior to joining Boxer, Rhonda was a VP of asset management for RREEF Management. Joining the Boxer Property team is Angela Getz as property manager. She has been assigned 7701 Las Colinas Ridge and 600 E John Carpenter Fwy in the Irving/Las Colinas area.

 

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Robert Miller joined Lee & Associates' Dallas office as a director. Prior to joining the Dallas Lee & Associates, he was a VP in the Lee & Associates office in Temecula, Calif.

 

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Amber Strang joined Transwestern as executive managing director of tenant advisory services. She will also serve on Transwestern's board of directors and executive committee.


LEASES

Business Asset Consultants inked a 66k SF lease at 1701 Vantage Dr in Carrollton. Lee & Associates' Ken Wesson, Adam Graham, and Scott Alexander repped the landlord, Cobalt Capital Partners. Cresa's Bret Hefton repped the tenant.

 

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T&L Holding Co signed a 70k SF industrial lease at 500 Enterprise Dr in Flower Mound. Lee & Associates' Reed Parker and Tom Walrich repped the tenant. The landlord, Hillwood, was internally repped by Bates Arnot.

 

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Bonded Inspections leased 34k SF at 10817 Sanden Dr in Dallas. NAI Robert Lynn's Stephen Cooper repped the tenant. Transwestern's Joe Whitmer and Chris Stout repped the landlord.

 

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Dollumar inked a 130k SF lease at 1734 E El Paso St in Fort Worth from Conti RSB. Conti Warehouses' Ryan Wood repped the landlord. Lee & Associates' Becky Thompson repped the tenant.

 

I'm Alright, Nobody Worry About Me

caddyshack

Colvill Office Properties SVP Blaine Hale properly guessed our fave golf movie: Caddyshack. And, shared with us his fave: 2005-era The Greatest Game Ever Played starring Shia LeBeouf and directed by Bill Paxton. It's based on the true story of golfer, Francis Quimet, who won the US Open as an amateur in 1913. Blaine won a ticket to the Sept. 24 Dallas State of Office event.

 

There's two movies that come on cable a lot and we can't turn the channel when we find them: Shawshank Redemption and Shaun of the Dead. Name the movie you can't resist watching and why? We'll pick one random winner to get free tickets to our State of the Office event. tonie@bisnow.com


What Is Bisnow? Don't Take Our Word For It

 

secret
Who we are is pretty simple, and our story was recently featured in Folio Magazine. If you don't know, Folio is the Sports Illustrated of magazines about magazines. (Instead of swimsuit issues, they just show magazine spines.) We'd love if you read the whole thing here. But if you're in a rush, here are a few choice quotes.


The company launches newsletters and events targeting regions that have a thriving real estate development community—especially regions that have their own niche markets. Instead of Manhattan, think Williamsburg, Brooklyn.

Content aggregation and curation is not part of the model. Each market has a dedicated beat reporter who works the phones to build sources and news.

FYI: We're available for write-ups in any magazine. We don't not do nudity.

 

Team Associated

Kyle Persyn

Mark Slate