Three longtime real estate leaders in North Texas – including Transwestern’s Jack Huff – will be honored at the North Texas Commercial Association of Realtors and Real Estate Professionals (NTCAR) Hall of Fame in May.
NTCAR will induct John Scovell, founder and chairman of Woodbine Development Corp. and Huff, who is principal at Transwestern’s Fort Worth office. The organization will also honor John F. Crawford, who was recently named vice chairman of Downtown Dallas Inc. who will receive the Michael F. McAuley Lifetime Achievement Award for his decades of service.
Huff, who has brokered more than 1,150 transactions with a total consideration in excess of $1 billion, has covered the gamut in commercial real estate with brokerage specialization in the areas of office tenant representation, office-building sales and urban land. His vast investment/development experience ranges from resort land, retail centers and commercial land, to office/medical, mineral interests and parking garages.
A University of Texas-Austin graduate, Huff began his career with Swearingen Management in 1979. He later became a founding member and principal at NAI Huff Partners (formerly NAI Stoneleigh Huff Brous McDowell). It was the largest commercial real estate firm in Fort Worth until January 2011, when Huff Partners merged with global real estate giant Transwestern.
Highlights of his major transactions include the following:
• 1983, Huff negotiated the office lease for IBM Corp for 83,000 SF on floors 9-12 of First City Bank Tower
• In 1995, Huff negotiated the sale of Continental Plaza Office Tower, a 954,000 rentable square foot office building for $75,000,000
• November 2000 Huff negotiated the Carter & Burgess Sublease at 777 Main Street for 271,898 SF office space with a total consideration of $64,651,193
• February 2006, Huff negotiated 64,000 SF of office space for Range Resources at Two City Place Floors 9-12 with a total consideration of over $14,000,000.
• In September 2010, Huff negotiated 179,816 SF of office space for Range Resources in Pittsburgh with a total consideration of over $42,000,000
• In October 2014, Huff negotiated the sale of 66 acres of land, formerly known as Lockheed Martin Recreational Facilities worth over $24,559,494 in total consideration, purchased by Trademark for the Waterside Development.
“Jack Huff is a legendary real estate leader whose hustle and business savvy have left a remarkable footprint on North Texas,” said Chris Teesdale, chairman of the 2017 Hall of Fame event.
The three real estate executives will be honored at the 30th NTCAR Reunion and Hall of Fame awards dinner, which will be held on Thursday, May 4 at the Dallas Country Club.