Granite Properties begins construction of the Plano office tower

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Granite properties has started construction of a 420,000 square foot, 19 story office tower in Plano. It will be the tallest building in Granite Park, a 90-acre mixed-use project located on the southeast corner of State Highway 121 and the Dallas North Tollway.

Granite Park Six was designed by BOKA Powell, with interiors of HKS Architects. Austin Commercial will serve as a general contractor.

The tower, which will be available for occupancy in 2023, has already secured Stonebriar Commercial Finance as a tenant, with the company committing to a 52,000 square foot two-story lease. The financial services company, which has a balance sheet of more than $ 3.75 billion, will move out of Granite Park Three.

The tenant was represented by Tyler Thomas and Scott Morse of Partners of the Citadel; Granite was represented internally by Robert Jimenez and Burson Holman.

Facilities planned for Granite Park Six include a fitness studio with group classes, a golf simulator, a 400-seat conference room, three conference rooms, a market café and clean air technology via Needlepoint Bipolar Ionization.

MDT Caladium purchased an 85,931 square foot shopping center whose mainstay is Tuesday Morning and Half Price Books, at 607-735 Harwood Road in Bedford. Troy Morgan and Eric Deuillet from Commercial structure negotiated the transaction.

Redbird Oaks, a 39,028 square foot shopping center located at 7320 S. Cockrell Hill Road, was acquired by a Plano-based investor. The seller was SEC Redbird Cockrell Hill. Taylor Black, Kevin Butkus and Derek Schuster with Weitzman handled the negotiations for the seller.

Aspire sold a 19,103 square foot Custer Ridge to McKinney located on Custer Road. Hudson Lambert of Strive represented the seller exclusively, a local Dallas developer, and worked with an outside broker to find the buyer, also a local Texas investor.

Texas Galaxy Cheer and Dance leased 7,062 square feet of retail space at 4100 IH-30 in Mesquite. Powell Court of Commercial structure negotiated the lease.

RKS Investments leased 6,177 square feet of retail space to the 2011 W. Spring Creek Parkway in Plano. Jake Burns from Commercial structure negotiated the lease.

Retail connection leased 5,425 square feet located at 3937 North Central Expressway in Plano at KnockOut Sports Bar. Brokers David Levinson and Paul Cooke, III, represented owner CH Retail Fund I. Michelle Caplan and Maggie Hansen of Weitzman were co-brokers.

AB Dance & Events leased 4,750 square feet of retail space at 6125 SW Loop 820 in Fort Worth. Jake Burns and Quyen Nguyen from Commercial structure negotiated the lease.

A 2,852 square foot freestanding restaurant building located at 1608 Handley Drive near the intersection with E. Loop 820, was acquired by a Dallas-based LLC. Taylor Black and Kevin Butkus with Weitzman handled negotiations for the seller, an LLC based in Pennsylvania.

Retail connection rented 3,040 square feet located at 519 N. Galloway Ave in Mesquite to Arona Home Essentials. Broker David Levinson represented owner Kimco Realty and the tenant.

Churn and cook leased 2,831 square feet of retail space at 2707B W. 15e Plano street. Jeremy Cummings and Eric Deuillet from Commercial structure negotiated the lease.

Bruncheon, a unique twist on brunch and lunch, has rented 2,500 square feet at CityLine Market, anchored by Whole Foods, in Richardson. Scott Rose from Commercial structure negotiated the lease.

Arlington SE curves leased 1,953 square feet of retail space at 1110 E. Bardin Road in Arlington. Troy Morgan from Commercial structure negotiated the lease.

Melby’s Desserts, a bakery specializing in handmade gluten-free Italian macaroons, has rented 1,600 square feet in a neighborhood mall located at 8420 Denton Highway, at its intersection with North Tarrant Parkway. Cameron Mai with Weitzman handled negotiations for Melby’s Desserts.

Carrollton’s Kumon leased 1,584 square feet of retail space at 3030 N Josey Lane in Carrollton. Quyen Nguyen and Jake Burns from Commercial structure represented the owner and Esther Yusman of Coldwell Banker Commercial Real Estate represented the tenant.

Dog paw leased 1,380 square feet of retail space at 1110 E. Bardin Road in Arlington. Troy Morgan from Commercial structure negotiated the lease.

Bike labs leased 1,280 square feet of retail space at 900 Walnut Creek Road in Mansfield. Troy Morgan from Commercial structure negotiated the lease.

Gilligan’s Pizza leased 1,203 square feet of retail space at 6728 Vickery Boulevard in Fort Worth. Court Powell and Jake Burns from Commercial structure negotiated the lease.

Smart Driving School Drive leased 1,080 square feet of retail space at 1120 E. Bardin Road in Arlington. Troy Morgan from Commercial structure negotiated the lease.

Holt Lunsford advertisement has secured two leases totaling 435,637 square feet in the Carter FED and Everman Trade Center distribution center south of Fort Worth.

RSI SmartCap, a South African-based auto accessories maker, will occupy 391,985 square feet in the Carter distribution center. Matt Carthey and Thomas Grafton pictured PGIM Real Estate in the transaction while RSI SmartCap was represented by Grant Pruitt with Whitebox Real Estate.

DCW Hollow Metal, a California-based custom door manufacturer, signed a 43,652 square foot lease at Everman Trade Center. Matt Carthey and Thomas Grafton represented the owner, Cabot Properties, in the transaction as DCI Hollow Metal was represented by Bob Luttrell with Newmark.

CBRE organized the sale of Kennington advertisementThe industrial portfolio of nine Class B buildings, located in Addison and Carrollton, totaling 300,437 square feet. Birtcher Anderson & Davis and Belay investment group purchased the portfolio as a joint venture from Kennington Commercial for an undisclosed price. Randy Baird, Jonathan Bryan, Ryan Thornton and Eliza Bachhuber with CBRE arranged the transaction on behalf of the seller.

The properties included in the sale were:

  • Lindbergh: A 97,840 square foot building located at 4301-4321 Lindbergh Drive in Addison
  • McIver: A 44,522 square foot building located at 2425 McKiver Lane in Carrollton
  • Sun belt: A 25,566 square foot building located at 4302-4324 Sunbelt Drive in Addison
  • Whitlock 1: Two buildings totaling 49,650 square feet at 1415-1425 Whitlock Lane in Carrollton
  • Whitlock 2: Four buildings totaling 82,859 square feet at 1325 Whitlock Lane in Carrollton

Lee & Associates has entered into a lease transaction for 13,665 square feet of industrial space at 3310 Matrix Drive in Richardson. Brett Lewis and George Tanghongs from Lee & Associates Dallas-Fort Worth represented the tenant, Corporate Magic. The owner is Exeter group of properties.

Lee & Associates has entered into a lease transaction for 8,216 square foot industrial space at 2182 Airport Lane in McKinney. George Tanghongs and Brett Lewis of Lee & Associates Dallas-Fort Worth represented the owner, Stonemont Financial. Kellie Matijasevic from Mercer Company represented the tenant, Fastenal Co.

Institutional Property Advisors, a division of Marcus & Millichap, sold The Residences at Mesa Ridge, a 492 unit multi-family building located in Garland. Taylor Hill, Joey Tumminello, Will Balthrope, Michael Ware, Drew Kile and Asher Hall of IPA, in conjunction with Al Silva of Marcus & Millichap, represented the seller, Group of exponential properties, and provided the buyer, Capital Immobilier Aigle.

CBRE negotiated the sale of Trinity Pines, a 60 unit multi-family community located at 3815 Stuart Road in Denton. Active LvDGI purchased the property from K. Stephanie Baker, based in Irving. Chris Deuillet and William Hubbard of CBRE represented the vendor.

Marcus & Millichap sold the community of 37 manufactured Whitestone Mobile Home Park homes located at 12198 Farm to Market Road 730 N in Azle. Brad Dorsey and Robert Denninger, investment specialist at Marcus & Millichap’s Dallas office, had the exclusive list to market the property on behalf of the seller private investor.

Community hospital, a company that owns, operates and consults hospitals nationwide, has leased a new 307,824 square foot head office located at 7950 Legacy Drive in Plano. NAI Robert Lynn Executive Vice President Dan Jardine and Office President and President Tom Lynn represented the tenant in this transaction. NAI Robert Lynn also negotiated the buyout of the lease for the old community hospital office. The community hospital will move to its new headquarters this month.

The new headquarters of the community hospital

NAI Robert Lynn

Cushman and Wakefield entered into three new leases totaling 173,769 square feet at International Plaza 2 located at 14221 Dallas North Tollway. Chris Taylor, Matt Schendle and Carrie Halbrooks of Cushman & Wakefield represented the owner, Taconic Capital Advisors, in lease negotiations.

Interstate Batteries, represented by Jeff Ellerman and Rich Flaten of CBRE, signed a lease for 77,435 square feet. An undisclosed 80-year-old company was represented by a separate brokerage firm on a 65,684 square foot lease. Elizabeth Love of Mohr partners represented IMA Financial Group Inc. with the signing of a 30,650 square foot lease. The new leases bring International Plaza 2 to 85 percent leased.

Marcus & Millichap sold the 10,850 square foot Medical Professional Building located at 541 W Main Street in Lewisville. Garrett Wolfe and Joseph Jaques had the exclusive list to market the property on behalf of the seller, a limited liability company. The purchaser, a limited liability company, was guaranteed and represented by Richard Robson and Tommy Lovell III.

A Dallas-based LLC has acquired an approximately 0.9-acre, 9,869 square foot, one-story independent office building located at 9262 Forest Lane near its intersection with IH-635. David Zoller with Weitzman handled negotiations for the seller, a Texas-based investment group. The buyer was represented by Veronica Attlee with Attlee Realty.

The Byers and Taylor Law office has leased 4,728 square feet of office space at 1900 Matlock Road in Mansfield. Powell Court of Commercial structure negotiated the lease.

Hillcrest International Medicine leased 3,994 square feet of office space at 12720 Hillcrest Road in Dallas. Rob Exline and Eric Deuillet from Commercial structure negotiated the lease.

Allred Capital Management leased 2,852 square feet of office space at the Douglas Center at 8333 Douglas Avenue. Eric Deuillet from Commercial structure negotiated the lease.

MYBLY purchased a 2,364 square foot medical office building at 1900 Matlock Road in Mansfield. Powell Court of Commercial structure negotiated the sale.

American Family Connections leased 2,076 square feet at 14110 N. Dallas Pkwy in Dallas. José Cherian with BEAM Real Estate represented the tenant and Richard Maloof represented the landlord, Hartman Income REIT.

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