DALLAS/FT. WORTH COMMERCIAL REAL ESTATE NEWS

LEI Trades for 26-Building Industrial-Office Portfolio

January 11 2018

An affiliate of Los Angeles-based Lowe Enterprises and its joint-venture partner have acquired 26 industrial and office buildings scattered across 16 states from AIC Ventures. The buildings totaling 2.3 million square feet, known as the NL Ventures IX Portfolio, span 24 major submarkets concentrated mainly in the Midwest and eastern U.S., including Connecticut, Illinois, Ohio, Minnesota, Wisconsin, Texas and New Jersey. Investment manager Lowe...

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GuideStone Trades in Uptown Dallas HQ for 118,000-SF Lease at Pinnacle Tower

January 09 2018

Pictured: 2401 Cedar Springs Rd. in Uptown Dallas.GuideStone Financial Resources has sold its longtime headquarters building at 2401 Cedar Springs Rd. and leased 117,720 square feet at Pinnacle Tower where the organization will relocate its corporate offices. Goldman Sachs Asset Management Private Real Estate (GSAM PRE) and Crescent Real Estate bought the soon-to-be vacant 200,000-square-foot, seven-story property that for the last 30 years has...

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Dallas Law Firm Signs 10-Year Extension at One Arts Plaza

January 04 2018

A leading Dallas law firm has extended its approximately 160,000-square-foot lease at One Arts Plaza in Dallas for an additional 10 years. Thompson & Knight LLP, a full-service firm with approximately 330 lawyers and 12 offices worldwide, renewed its deal for five floors at the 530,236-square-foot, 18-story One Arts Plaza tower. An original tenant in the building, the amended lease will keep the firm in the tower through 2033. One Arts Plaza...

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Dalfen Names New VP of Development and Construction

January 04 2018

Dalfen American Corp. (DAC) has brought in Sean Wood to head up the firm's development and construction team as a vice president. Wood comes to DAC from Hillwood Investment Properties, where he oversaw three million square feet of warehouse distribution center and logistics-oriented property development in Memphis, Nashville and Cincinnati. The nearly 20-year industry veteran also spent time at Rouse Properties where he spearheaded 3.7 million...

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