Friday, January 28, 2022
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Real Deals: Sales and Leases

🕐 4 min read

SALES

An undisclosed investor purchased a 35,000-square-foot industrial building located at 1800 Northpark Drive in Fort Worth. Stream Realty’s Forrest Cook and Seth Koschak represented the landlord, 1800 Northpark LLC and Stream’s James Mantzuranis represented the buyer.

A 138,000-square-foot industrial building at 1200-1300 Forum Way S. in Fort Worth has been sold. Chance Olin of Olin Realty Partners LLC was the sole broker in the transaction.

Zion Christian Church USA Inc. has purchased a 4,300-square-foot three-building complex at 3200 McKinley Ave. from St. Mary’s Church of God in Christ. Chris L. Stewart and Lee Owen of Vasseur Commercial Real Estate Inc. represented the seller.

LEASES

Vital Pharmaceuticals Inc. has leased 217,537 square feet at Everman Trade Center, Fort Worth, 76134. Matt Carthey and Thomas Grafton with Holt Lunsford Commercial represented the landlord, Everman Trade Center L.P. Jamie Galati and Sky Groden with JLL represented the tenant.

Higginbotham Insurance Agency has leased 7,481 square feet at Summit Office Park, Fort Worth, 76102. Geoff Shelton and David Cason with Holt Lunsford Commercial represented the landlord, Pennybacker Capital. Doak Ralston with DRR Realty represented the tenant.

The Goodness Project leased 71,400-square-feet at 2550 McMillian Pkwy in Fort Worth. Stream Realty Partners’ Forrest Cook and Seth Koschak represented the landlord, K&L Enterprises.

Prolift Rigging leased a 52,000-square foot industrial building at 1005 S Blue Mound Road located in Blue Mound. Stream Realty Partners’ Forrest Cook and Sarah Ozanne represented the landlord, Hilzer Family Trust.

Tarrant Roofing leased 8,000-square-feet at 1665 Hickory Dr in Haltom City. Stream Realty Partners’ Forrest Cook represented the tenant and Transwestern’s Jeff Givens represented the landlord, John Melcher.

Sam Moon Group developing luxury hotel in Downtown Dallas

Normally, if someone mentions Sam Moon and Dallas, a luxury hotel is not the first image to pop to mind. Most likely people will think of Sam Moon Trading Company.

There’s one in Fort Worth as well at 9120 N. Freeway hear Alliance Town Center.

But soon people may be thinking of the first JW Marriott Hotel in Dallas at 2000 Ross Ave. in the Dallas Arts District.

Sam Moon Group is the developer; HKS Inc. is the architect; Looney & Associates is the interior designer; and a general contractor will be selected in the first quarter of 2020.

JW Marriott is a luxury hotel chain of Marriott International named after J.W. Marriott, the founder of Marriott Corporation.

Sam Moon Group is not a newcomer to the hotel business, with several other hotels in the Dallas-Fort Worth area such as the Renaissance Dallas at Plano Legacy West; Hyatt Regency Stonebriar in Frisco; and Hyatt Place Fort Worth/Alliance Town Center.

The new 283-key hotel will have 15 floors and will be built on top of an existing 10-level parking garage, according to a news release. Amenities will include a grand ballroom and meeting space, spa, restaurant, lobby bar, fitness center and a rooftop pool deck and bar.

Projected opening is February 2022.

Texas-based Sam Moon Group operates in a variety of industries ranging from retail to commercial real estate.

“The location of the hotel and its walkability to nearby city attractions, offices, restaurants and entertainment venues, along with the hotel’s resort-style amenities, food and beverage options and luxurious rooms beginning on the 14th floor with sweeping views will draw visitors and residents to the area,” Daniel Moon, Vice President and General Counsel of Sam Moon Group, said in a news release. “We look forward to introducing the JW Marriott brand to the City of Dallas and witnessing the impact it has on the area and the city as a whole.”

The JW Marriott Dallas joins the Dallas Arts District, the largest contiguous urban arts district in the nation, the news release said.

The hotel site is within walking distance to the Dallas Museum of Art, Nasher Sculpture Center, Crow Museum of Asian Art, Winspear Opera House, Klyde Warren Park, Morton H. Meyerson Symphony Center, Moody Performance Hall, Dallas Black Dance Theatre and Belo Mansion.

Sam Moon Group was founded in 1984 as a regional wholesaler of general merchandise. Over the years, it quickly transformed into Dallas’ destination for wholesale women’s accessories and handbags.

Sam Moon Group is now a dynamic Texas based parent company operating in a variety of industries ranging from retail to commercial real estate, the news release said.

– FWBP Staff

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