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Cushman & Wakefield’s Overview of Recent DFW Commercial Real Estate Transactions

Brokers in the Dallas office of Cushman & Wakefield recently closed the following commercial real estate transactions across North Texas:  OFFICE LEASES Wells Fargo Bank renewed an 88,520-sf lease in Plaza @ Solana at 1301 Solana Blvd. in Westlake. Ken Page and Alan Harrington of Transwestern represented the tenant. Trey Smith, John Fancher and Christy Thelen of Cushman & Wakefield represented the landlord, Harbert Management Corp. Reel FX signed a 25,264-sf lease at 717 N. Harwood St. in Dallas. Billy Gannon of Cushman & Wakefield represented the tenant. Josh White and Chelby Sanders of CBRE represented the landlord, WC 717 N. Harwood Property. Safe Harbor Marinas LLC signed a 25,191-sf lease in Signature Exchange at 14785 Preston Road in Dallas. Ben Davis and Robert Blount with CBRE represented the tenant. Chris Taylor, John Fancher and Doug Jones of Cushman & Wakefield represented the landlord, Signature Exchange Tower. Briggs Freeman signed [...]

2019-05-07T13:53:25-05:00May 7th, 2019|In the News, Press Release|

Cushman & Wakefield Welcomes New Research Director for Dallas Market

Cushman & Wakefield is pleased to announce that Ching-Ting Wang has joined the firm’s Dallas office as Research Director. She most recently served as Senior Research Manager for CoStar Group in Richmond, VA. In her new role, Wang will manage all of Cushman & Wakefield’s research activities in Dallas, leading the research team as they monitor and analyze local commercial real estate activity and trends. This insight will be invaluable across service lines and property types, aiding the firm’s brokers in business development efforts and client consultation. “We are excited to have Ching-Ting Wang join our West Region Research Team,” said Konrad Knutsen, Vice President of Research Operations for the Americas and West Region Research Lead for Cushman & Wakefield. “Her background and skills will greatly enhance our research coverage in the Dallas/Fort Worth Metroplex and enhance our thought-leadership depth in the state of Texas.” ”This is a critically important [...]

2019-05-01T09:17:15-05:00May 1st, 2019|In the News, Press Release|

Cushman & Wakefield Arranges Sale of 12,768 SF Shopping Center in Houston

Cushman & Wakefield - 5427 Bissonnet Bissonnet Corner, a 12,768-square-foot (sf) neighborhood shopping center in the affluent Bellaire submarket of Houston, has been acquired by a private investor for an undisclosed purchase price. Chris Harden, Kris Von Hohn and Ryan Duffie of Cushman & Wakefield represented the private seller. Bissonnet Corner is located at 5427 Bissonnet St., within the retail corridor known as the Bellaire Triangle. The property, which was built in 2008, includes a mix of local retailers, including Saltillo Mexican Kitchen and Bissonnet Dental. Von Hohn said the shopping center was particularly attractive as an investment property because its rental rates are significantly lower than retail locations nearby. “Bissonnet Corner is located in one of the densest and most affluent submarkets in Houston. The area is quickly redeveloping with unprecedented rent growth, and the property had vacancy and rents that are well below the current market," [...]

2019-04-29T09:50:02-05:00April 29th, 2019|In the News, Press Release|

Ryan Stevens Joins Cushman & Wakefield’s Institutional Capital Markets Team of Michael McDonald and Jonathan Napper

Cushman & Wakefield is pleased to announce that Ryan Stevens has joined the firm as Managing Director within its Institutional Capital Markets group. He will serve on the team led by Michael McDonald and Jonathan Napper. Stevens joins the firm from Lionstone Investments, where he was a vice president in the Real Estate Acquisitions group. He also previously worked in the originations group at Berkadia Commercial Mortgage and as a development associate with Oden Hughes LLC, an Austin-based multifamily developer. As part of the Institutional Capital Markets team, Stevens will focus primarily on developing client relationships, conducting market tours and closing transactions in the Texas markets. He will split his time between Dallas and Houston. “We are thrilled to have Ryan join our Capital Markets team in Texas, and I have already received great validation of the addition from our most valued clients,” McDonald said. “I have known Ryan many [...]

2019-04-26T09:38:03-05:00April 26th, 2019|In the News, Press Release|

Cushman & Wakefield Announces 700K SF in DFW Commercial Real Estate Transactions

Brokers in the Dallas office of Cushman & Wakefield recently closed the following commercial real estate transactions across North Texas: Office Leases Humana Inc. signed a 111,795-sf sublease to Exeter Financial in Carpenter Corporate Center at 2101 W. John Carpenter Fwy. in Irving. Matt Schendle and Robbie Baty of Cushman & Wakefield represented the sublandlord. Jenny Schreiner, Jon Altschuler and Matt Dement of Altschuler + Co represented the subtenant. Plains Capital Corp. renewed a 33,816-sf lease in One Victory Park at 2323 Victory Ave. in Dallas. Matt Craft with Lincoln Property Company represented the tenant. Matt Schendle and Doug Jones of Cushman & Wakefield represented the landlord, Clarion Partners. Pegasus Intelligence LP signed a 31,275-sf lease renewal and expansion in Two Lincoln Center at 5420 LBJ Fwy. in Dallas. Baron Aldrine with CBRE represented the tenant. Clint Madison and Matt Schendle of Cushman & Wakefield represented the landlord, TIAA. Wells [...]

2019-04-08T15:11:27-05:00April 8th, 2019|In the News, Press Release|

Texas Neurology Leases 40K SF in 6080 NCX Office Building

Texas Neurology has signed a 15-year lease in 6080 NCX, a four-story office building located at 6080 North Central Expressway in Dallas. The healthcare company will occupy 40,252 square feet on the building’s first floor. Mike Gosslee, Senior Director at Cushman & Wakefield, represented Texas Neurology in their property search and negotiation. Texas Neurology, which was previously headquartered in Lakewood, provides diagnostic services and patient care for patients with a variety of neurological disorders, including Alzheimer’s, muscular dystrophy and ALS, or Lou Gehrig’s disease. Texas Neurology sought a new office location that would provide better access to its satellite locations in Richardson, University Park and East Dallas. 6080 NCX met that need, while also putting the company within closer proximity to several of Dallas’ leading hospitals. “We worked with Texas Neurology for almost a year and a half to determine the best option for their next location,” Gosslee said. “Through [...]

2019-04-08T14:57:23-05:00April 8th, 2019|In the News, Press Release|

Real Estate Investment Firm Buys 80K SF Shopping Center at Preston Road and Highway 121

Preston Creek Shopping Center, a 79,730-square-foot (sf) retail center in north Plano, has been acquired by RPD Catalyst, a nationwide property investment firm. Chris Harden, Kris Von Hohn and Ryan Duffie of Cushman & Wakefield, as well as Samer Keilani and James Hankins of ACR Realty, represented the seller, ASG Realty. The buyer was self-represented. The shopping center is located at 8300 to 8412 Preston Road in Plano, just south of the intersection with State Highway 121. Several restaurants anchor the property, including Pei Wei Asian Diner, Modern Market, Cowboy Chicken, Turkish Café, Cristina’s Fine Mexican Restaurant and II Brothers Grill & Bar. Preston Creek is one of the largest unanchored shopping centers in North Texas. The development was built in 2006 by ASG Realty. Harden said retail rents in the submarket have continued to grow due to the explosive employment growth in and around north Plano. JPMorgan Chase, Liberty [...]

2019-04-08T14:58:31-05:00April 8th, 2019|In the News, Press Release|

Cushman & Wakefield Announces More Than 600,000 Square Feet in DFW Commercial Real Estate Transactions

Brokers in the Dallas office of Cushman & Wakefield recently closed the following commercial real estate transactions across North Texas:   OFFICE LEASES First Guaranty Mortgage signed a 27,055-square-foot (sf) new lease in Legacy Place One at 5800 Tennyson Pkwy. in Plano. Ward Eastman, Trey Smith and Johnny Johnson of Cushman & Wakefield represented the landlord, L&B CIP Legacy Place. The tenant was self-represented. Dean Omar & Branham LLP signed a 9,339-sf lease renewal and expansion in Texas Moline Building at 302 Market St. in Dallas. Christy Thelen, Lauren Napper and Ward Eastman of Cushman & Wakefield represented the landlord, RM Crowe Company. Avison Young represented the tenant. Greystone Servicing Corp. signed a 7,987-sf lease renewal and expansion in Urban Towers at 222 W. Las Colinas Blvd. in Irving. John Fancher and Matthew Schendle of Cushman & Wakefield represented the landlord, PCPI UT Owner. Todd Noonan with Stream Realty represented [...]

2019-03-05T15:20:35-05:00March 5th, 2019|In the News|

Lewisville Independent School District Offers 251-acre Land Portfolio for Sale

One of the properties offered for sale, located at Spinks Road and FM 2499 in Flower Mound. The Lewisville Independent School District (LISD) is offering for sale 11 properties within the school district boundary that total approximately 251 acres. The properties are located in some of the fastest-growing suburbs in the Dallas-Fort Worth Metroplex, including Carrollton, The Colony, Lewisville, Flower Mound and Highland Village. The properties, which range in size from ±3.5 to ±80 acres, are being offered individually, in groups or as an entire portfolio to qualified investors and developers. Most of the properties are undeveloped, vacant parcels at infill locations in established neighborhoods and districts. Two of the properties include building improvements, such as the 23,000-square-foot former LISD Special Services Building located at 400 W. Main St. in Downtown Lewisville, which is immediately adjacent to Medical City Lewisville Hospital. More than 143 acres are located within [...]

2019-03-07T13:24:48-05:00March 5th, 2019|In the News, Press Release|

Sarah Savage Joins Cushman & Wakefield’s Office Tenant Rep Team of Tom Sutherland and Ryan Hoopes

Cushman & Wakefield is pleased to announce that Sarah Savage has joined the firm as Senior Associate within its Office Tenant Representation group. She will serve on the high-performing team of Executive Managing Director Tom Sutherland and Director Ryan Hoopes. Savage joins the firm from Younger Partners, where she worked on the Office Leasing team. She has also previously worked with Cushman & Wakefield Dallas’ Office Leasing team, where she was responsible for marketing Class AA properties. As part of the Sutherland and Hoopes team, Savage will work with both national and local clients and help companies navigate the fast-growing flexible workspace market. Sutherland said Savage will be a valuable asset to their brokerage team. “I have known Sarah for several years and followed her career,” Sutherland said. “She is widely respected in the industry and without question one of the brightest rising stars. We are very excited to have [...]

2019-02-25T13:24:18-05:00February 25th, 2019|In the News, Press Release|