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Sunday, January 17, 2021

Real Deals: CHRISTIE’S REAL ESTATE MOVING INTO DALLAS

Christie’s International Real Estate is expanding into Dallas with Giordano, Wegman, Walsh and Associates, the network’s Fort Worth affiliate since 2016.

Christie’s art business also maintains a Dallas office, headed by Capera Ryan, further promoting the synergy between art and real estate under the Christie’s corporate brand in Texas.

“Our aim is to distinguish our company in the Dallas market by staying laser-focused on client service,” said John Giordano, principal of Giordano, Wegman, Walsh and Associates. “We don’t intend to be the largest firm but to put a premium instead on assisting discerning clients from around the globe to find their ideal home in this great city. We have only begun setting up the bricks and mortar of our operation. Yet already, we have a number of top luxury listings and are recruiting qualified agents in the area to join our team. Dallas very much respects the Christie’s brand and it is an honor to represent the brand in Dallas.”

Expanding into the Dallas market made sense, said Rick Moeser, executive director of Christie’s International Real Estate. “We are delighted to re-enter the Dallas market with this expansion of Giordano, Wegman, Walsh and Associates and look forward to exciting collaborations with our Christie’s art colleagues to best serve the top-tier real estate market in Dallas.”

Christie’s International Real Estate recently unveiled a company-owned office in New York City, to be headquartered at Christie’s U.S. Rockefeller Center flagship. This Dallas venture also marks the latest step in the network’s strategic Western expansion. Within the last year, Christie’s International Real Estate has announced affiliations in top regional markets including Houston, Las Vegas and destinations throughout Hawaii and Mexico’s Baja California, complimenting existing second-home feeder markets such as Santa Fe, New Mexico; Jackson Hole, Wyoming, and Telluride, Colorado.

BURLESON COMMONS GAINS

TACO EATERY, MEN’S SALON

Burleson Commons is adding The Garage, a men’s hair and grooming salon, and R Taco, a fast-casual taco restaurant.

Burleson Commons is located in Burleson at the intersection of Wilshire Boulevard (Texas Highway 174) and FM 731 and features Premiere Cinemas, retail strip centers and a Kroger Marketplace. The center is managed and owned by Cullinan Properties Ltd., which has its headquarters in Peoria, Illinois.

The Garage opened this summer with a garage theme meant to attract male clients, according to a news release. There has nine grooming specialists and services including haircuts, face shaves, face treatments, waxing, beard trimming and shaping, massage therapy and grooming products.

Burleson will be the first location for R Taco, which is set to be completed in early 2018 in a new building at the Kroger-anchored shopping center.

On the R Taco and The Garage transactions, SRS Real Estate’s Dallas/Fort Worth office represented Cullinan Properties Ltd.

Burleson Commons has also added five new businesses since December 2015 when the Kroger opened.

“Burleson is such a hot market right now with the strong population growth and new home construction,” said the vice president and director of leasing for Cullinan Properties, Kathleen Brill, in a news release. “We have a lot of interest in our few remaining existing spaces and we anticipate more construction and tenant announcements will occur at Burleson Commons later this year.”

The Burleson area has seen growth this year, particularly in economic development. Burleson mayor Ken Shetter announced there was $150 million in new investments in 2016 compared with $12 million in 2015, the news release said. The median household income is more than $5,000 higher than the state’s median income and Burleson has the lowest retail vacancy rate at 1.9 percent than any of the Dallas-Fort Worth submarkets. – Kit Snyder

NEW FROST BRANCH

OPENS IN CLEARFORK

Frost Bank’s newest branch, the Clearfork Financial Center, opened for business July 17 at 5055 Edwards Ranch Road, with a grand opening expected in a few weeks.

The 5,600-square-foot center will include a greeter station for bankers to provide deposit/withdrawal, account or loan assistance for customers as they are welcomed inside.

The branch includes a “Frost Room” with an online banking center for customer account access and a community room for local organizations to use as a meeting venue, according to a news release.

Frost, a 149-year-old bank, is a subsidiary of Collen/Frost Bankers Inc. The company owns and operates 135 financial centers across Texas, with 21 in the Tarrant County region.

With $30.5 billion worth of assets as of March, Frost is one of the 50 largest U.S. banks by asset size.

LEASES

Eco Lab has leased 192,350 square feet at Riverbend West Distribution Center, 2101 Reeves Place in Fort Worth. Donnie Rohde, Chance Olin and George Jennings of Holt Lunsford-Dallas represented the landlord.

Callbox Storage LLC has leased 60,000 square feet at DFW Trade Center, Building A, 4051 N. State Highway 121 in Grapevine. Gary Collett and Shannon Johnston of Cushman & Wakefield-Dallas represented the landlord.

Lindstrom LLC has leased 32,000 square feet at 900-1100 Avenue S in Grand Prairie. Michael Stanzel of NAI Robert Lynn represented the landlord.

Altaquip has leased 15,000 square feet at 901-941 Avenue N in Grand Prairie. Michael Stanzel and Patrick Embry of NAI Robert Lynn represented the landlord.

All American Powder & Paint has leased 12,672 square feet at 4120 Harwood Road in Bedford. Joe Doyle of Westin Co. represented the landlord.

In the Sack has leased 6,600 square feet at Sanger Lofts, 222 W. Fourth St. in Fort Worth. Judy Nitzinger of Coldwell Banker Commercial Advisors DFW represented the tenant. Robert Gamblin of Sundance Square Management represented the landlord.

CMA Management has leased 4,647 square feet at Central Park Tower, 2350 Airport Freeway in Bedford. Chris Wright and Hartley Hobson of Peloton Commercial Real Estate-Dallas Office represented the landlord.

Brazos Running Co. has leased 4,114 square feet at Town Center Colleyville, 5601-5611 Colleyville Blvd. in Colleyville. Easley Waggoner and Amy Pjetrovic of Venture Commercial-DFW representing the landlord.

R.E.X. has leased 2,950 square feet at 3300-3350 S. Watson Road in Arlington. Tim Williams of Austin Company Commercial Real Estate represented the tenant. Troy Morgan and Eric Deuillet of Structure Commercial represented the landlord.

Haydon Central LLC has leased 2,520 square feet at 3600-3612 W. Vickery Blvd. in Fort Worth. Chris Stewart of Vasseur Commercial Real Estate Inc. represented the landlord.

LTC Automotive Repair has leased 2,400 square feet at 1229 Colorado Lane, Building 400, 1229 Colorado Lane in Arlington. William Ziegler of American Synergy Management represented the landlord.

GiGi’s Cupcakes has leased 2,336 square feet at Museum Place Block C, 3200-3300 W. Seventh St. in Fort Worth. Trey Neville and Amber Calhoun of Transwestern-Fort Worth represented the tenant. Rodger Chieffalo of Chieffalo Realty represented the landlord.

Sci-Fi Factory has leased 2,303 square feet at The Crossing, 6035-6091 Precinct Line Road in North Richland Hills. Liam Logan of Henry S Miller Brokerage LLC-Dallas represented the landlord.

Evo Games has leased 2,162 square feet at Woodmont Plaza North, 6200-6272 McCart Ave. in Fort Worth. Brian Sladek and Jeff Lewin of Retail Solutions-Dallas represented the landlord.

Holistic Laser Acupuncture has leased 1,908 square feet at Cityview Centre, 4720-4736 Bryant Irvin Road in Fort Worth. Monika Guzman and Eric Deuillet of Structure Commercial represented the tenant and the landlord.

Alliance Endodontics has leased 2,000 square feet at Parkway Place Building 3, 5310 N. Tarrant Parkway in Fort Worth. Michael Berkowitz and Jennifer Dyess of Colonial Commercial Real Estate LLC. represented the landlord.

RG Construction has leased 2,000 square feet at 1001 Kennedy Lane, Building III in Saginaw. Don Phifer of Phifer & Associates-North Richland Hills represented the landlord.

Send real deals to Robert Francis at rfrancis@bizpress.net.

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