Cushman & Wakefield Announces More Than 834K SF in DFW Commercial Real Estate Transactions

DALLAS, Jan. 10, 2019 – Brokers in the Dallas office of Cushman & Wakefield recently closed the following commercial real estate transactions across North Texas: OFFICE LEASES Ambit Energy Holdings leased 71,084 sf at 1600 Plano Pkwy. in Plano. Robbie Baty and Bill McClung of Cushman & Wakefield represented the tenant. Michael Dudley of CBRE represented the landlord, 1600 Plano Parkway LTD. Sirius XM signed a 58,380-sf lease renewal at 8550 Freeport Pkwy. in Irving. The tenant was represented by Kelly Winn of Savills Studley. The landlord, UBS Realty Investors, was represented by John Fancher and Rodney Helm of Cushman & Wakefield. Dentsply - Sirona leased 39,597 sf in Campbell Creek located at 2350 Campbell Creek Boulevard in Richardson. Mike Wyatt and Billy Gannon of Cushman & Wakefield, along with the firm’s Philadelphia office, represented the tenant. Chuck Sellers of Avis and Young represented the landlord, Foundry Commercial. Cumulus Media [...]

2019-01-16T18:12:00-05:00January 10th, 2019|In the News, Press Release|

SettlePou Law Firm Renews 22K SF Turtle Creek Office Lease

DALLAS, January 9, 2019 – SettlePou, a Dallas-based law firm, has renewed its 22,908-square-foot (sf) office lease at 3333 Lee Parkway, in the heart of the Turtle Creek micro market. The firm occupies a full floor of the office building, which is owned by Granite Properties. SettlePou decided to renew their lease after an extensive search of new Class A office space in several different office markets. “The firm, which is celebrating its 40th year, wanted to ensure it was in a location that would be convenient and attractive for its clients and employees, including the next generation,” said Robbie Baty, Executive Director, at Cushman & Wakefield. He and colleague Bill McClung, Executive Managing Director, represented the tenant in its search and lease. “After touring other Class A offices in Turtle Creek, Uptown, the Central Business District and North Dallas, SettlePou decided to recommit to 3333 Lee Parkway, which they’ve [...]

2019-01-16T17:58:26-05:00January 9th, 2019|In the News, Press Release|

Jones Development Company Signs Build-to-Suit Deal for 615K SF South Dallas Distribution Center

Jones Development Company (JDC) has recently signed a build-to-suit purchase deal with Ollie’s Bargain Outlet, Inc. for a 615,060-square-foot (sf) distribution center in Wintergreen Exchange, a 71-acre master-planned Class A industrial park in Lancaster, Texas. The Class-A distribution facility will be constructed on approximately 58 acres at the southwest corner of West Wintergreen Road and North Lancaster-Hutchins Road and is expected to be completed during the fourth quarter of 2019. The project team is comprised of Bob Moore Construction, Pacheco Koch and Alliance Architects. The facility’s location in the South Dallas industrial submarket was a major selling point for Ollie’s, which was seeking a strategically-located southwest distribution center to enhance its supply-chain efficiency. Wintergreen Exchange is located just 2 miles from the Union Pacific Dallas Intermodal Terminal and 4 miles from FedEx’s ground hub, and the site offers quick access to Interstates 20 and 45. Amenities at the new distribution [...]

2018-12-06T12:17:50-05:00December 6th, 2018|In the News, Press Release|

Cushman & Wakefield Announces More Than 1.25M SF in DFW Commercial Real Estate Transactions

DALLAS, Dec. 6, 2018 – Brokers in the Dallas office of Cushman & Wakefield recently closed the following commercial real estate transactions across North Texas: OFFICE LEASES Lincoln Property Company renewed its 58,758-square-foot (sf) lease at 2000 McKinney Avenue in Dallas. Johnny Johnson, Lauren Napper and Rodney Helm of Cushman & Wakefield represented the landlord, Union Investment Real Estate. Clay Duvall and John Walter of Lincoln Property Company were the in-house tenant reps. Planet Home Lending leased 25,417 sf in Riverside Commons Building 3 at 5020 Riverside Drive in Irving. Johnny Johnson and Trey Smith of Cushman & Wakefield represented the landlord, Brookfield. John Wolf of Newmark represented the tenant. Specialty Insurance Services Corp. leased 23,147 sf at 5300 Democracy Drive in Plano. Ward Eastman and Lauren Napper of Cushman & Wakefield represented the property owner, Intercity Investments, Inc. Daniel Rudd of Colliers International represented the tenant. The Law Offices [...]

2019-01-17T16:06:08-05:00December 6th, 2018|In the News, Press Release|

Cushman & Wakefield Aids Nicholas Residential Expansion into Houston Market with Acquisition of 2,115-unit Multifamily Portfolio

Cushman & Wakefield assisted Nicholas Residential, a Dallas-based real estate investment firm, in the acquisition of the Beltway Portfolio, a collection of six multifamily properties located throughout the Houston area totaling 2,115 units. Justin Shuart and Jason Pumpelly, with Cushman & Wakefield’s Equity, Debt and Structured Finance team in Dallas, arranged the equity on behalf of Nicholas Residential. The purchase closed Nov. 9, and the seller was Hudson Advisors. The amount of equity was undisclosed. The six multifamily properties are located throughout the fast-growing outskirts of Houston, near Beltway 8. The apartments include Chelsea Park and Riviera Pines in Houston; South Grand at Pecan Grove and Country Club Place in Richmond; The Veridian in Webster, and Skyhawk in Friendswood. Paul N. Panza, President and Chief Executive Officer of Nicholas Residential, said the acquisition reflects the company’s confidence in Houston’s long-term growth prospects. “We’ve been active in Houston in the past, [...]

2018-12-06T12:03:51-05:00December 6th, 2018|In the News, Press Release|

Chris Barnet Joins Cushman & Wakefield as Executive Director

Chris Barnet, Executive Managing Director Cushman & Wakefield today announced that Chris Barnet has joined the firm as Executive Director within its Healthcare Advisory group. He joins the firm from Colliers International, where he most recently served as Senior Vice President and Director of Healthcare Services. Ran Holman, Managing Principal and Dallas Market Leader for Cushman & Wakefield, said Barnet’s expertise in healthcare represents an opportunity for the company to expand its services in the Dallas area. “Our intent is to pursue excellence in everything we do,” he said. “Chris Barnet’s unique experience in this industry, and his educational background, gives us immediate depth and reach. I have known Chris and worked with him for many years. He is a great addition to the Cushman & Wakefield family.” Barnet has established himself as a leading healthcare broker in the dynamic Dallas market, successfully representing large medical organizations such [...]

2018-12-06T12:10:27-05:00November 26th, 2018|In the News, Press Release|

Leading Office Tenant Rep Team Joins Cushman & Wakefield

by Meg Costa Cushman & Wakefield announced today that leading Office Tenant Representation brokers Tom Sutherland and Ryan Hoopes have joined the firm as Executive Managing Director and Director, respectively. They join the firm from Colliers International, where Sutherland served as Executive Vice President and Hoopes was Senior Associate in the company’s Corporate Solutions group. Ran Holman, Managing Principal and Dallas Market Leader for Cushman & Wakefield, said the company is fortunate to be adding Sutherland’s and Hoopes’ team. “They’re a natural fit for the Cushman & Wakefield family, and I know they will start contributing to our success right away,” Holman said. “I’ve known Tom personally and professionally for many years, and I’ve watched him build an incredible career of customer service. He has loyal customers across the country who have worked with him for decades, and at the same time, his foundation of classic sales training allows him [...]

2018-11-26T12:46:17-05:00November 26th, 2018|In the News, Press Release|

Cushman & Wakefield’s Annual Vital Signs Report Tracks Growing Medical Office Demand

Driven by an aging American population and improving technology, the continues to grow even more rapidly than the overall economy, and medical office developers and investors are aggressively working to meet the subsequent demand, Cushman & Wakefield’s Vital Signs: Healthcare Investor and Developer Survey report finds. For the 2018 survey, Cushman & Wakefield surveyed a cross-section of healthcare developers and investors on their preferences related to geography and property type, in addition to project outcomes such as cap rates and development yields. The respondents included private equity, institutional owners, and REITs, along with developers specializing in the healthcare sector. Some operate locally and regionally, while others have a national footprint.   “With continuing pressure on providers to hold down costs, it is likely that more healthcare delivery will move out of the hospital and into other locations, from outpatient locations to doctors’ offices and to the home,” said Lorie Damon, [...]

2018-11-12T14:23:37-05:00November 12th, 2018|In the News, Press Release|

Liberty Property Trust Preleases 100% of its New 172K SF Spec Development

IRVING, Texas, October 25, 2018 – With construction on their latest spec development still ongoing, Liberty Property Trust is proud to announce that the new facility has been fully preleased. Located in the heart of the Great Southwest submarket, at 5350 Frye Road in Irving, Liberty Park GSW North Building 1 is a 172,120-square-foot industrial property. Shell construction is expected to be completed before the end of October. In their search for a tenant, Liberty Property Trust was represented by Cushman & Wakefield (NYSE: CWK) Executive Managing Directors Kurt Griffin and Nathan Orbin, and Associate Vice President David Eseke. “The Great Southwest submarket continues to lead all of Dallas/Fort Worth in absorption year-to-date due to its vast supply of quality labor, its access to major highways, and its proximity to DFW International Airport,” said Eseke, Associate Vice President of Leasing Tenant Representation at Cushman & Wakefield. “We felt a new [...]

2018-10-29T15:40:00-05:00October 29th, 2018|In the News, Press Release|

Altair Global Signs Headquarters Lease in HALL Park

DALLAS, October 9, 2018 – Fast-growing Altair Global is growing and relocating its Plano headquarters. The global mobility services firm has signed a lease in Frisco’s HALL Park at 3201 Dallas Parkway for 64,949 square feet. Altair Global was represented in its search and lease negotiations by Cushman & Wakefield’s Randy Cooper, Maureen Kelly Cooper, Dean Collins and Emily Hoffman. HALL Park was represented by HALL Group’s Kim Butler, Cynthia Cowen and Brad Gibson. Altair Global provides a full range of global talent mobility services to their impressive list of corporate clients. Complemented by business location advisory services, professional consulting services and cutting-edge technology solutions, Altair Global plays a major role in solving companies’ talent goals. The company currently employs over 300 at its Plano headquarters. “We are in the business of providing experiences,” Chad Sterling, Chief Executive Officer of Altair Global said. “The importance of a physical environment to [...]

2018-10-09T15:29:50-05:00October 9th, 2018|In the News, Press Release|