Monday, October 18, 2021
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Real Deals: The D Method

🕐 7 min read

The Fort Worth Business Press obtains some of its Real Deals content through a partnership with Xceligent Inc., a commercial real estate research firm. D Method to open Fort Worth studio D Method has announced plans to open a new studio at 1289 Hemphill St. in Fort Worth on Nov. 3. The fitness firm will occupy Suite 101. “I have been dreaming of opening my own studio for years, and I’m excited to bring my workouts to a new part of Fort Worth,” said Stephanie Perry, founder of the business. The 4,800-square-foot studio will offer private locker rooms and a boutique line of natural bath and wellness products. A grand opening celebration is planned for January. More information is available at www.dmethod.com.

156-ACRE DEVEOPMENT SET FOR PLANO Heritage Creekside promises to invigorate 156 acres in Plano as Rosewood Property Co. plans the mixed-use development at North Central Expressway and the President George Bush Turnpike. The project recently won zoning and development plan approval from the Plano City Council. The development will include up to 1,300 apartment units, several hundred single-family townhouses and homes, retail space and a corporate office campus on the west side of the property along Custer Road with up to 2.5 million square feet of office space. The first phase will include the residential component and three restaurant sites on the east side of the property along Alma Road. “This is an extraordinary piece of land that will provide an exciting work, play and live environment not only for Plano, but also for the people working in the Central [Expressway] and Bush [Turnpike] area,” said Bill Flaherty, president of Rosewood Property, in a news release Dallas-based Rosewood Property Co. is a subsidiary of The Rosewood Corp., a private investment concern owned by the Caroline Hunt Trust Estate. Its real estate holdings includes those in Las Colinas, Plano and Garland. More information is available at www.rosewoodproperty.com.

BURLESON BUSINESS PARK ADDS THIRD FIRM Wagner-Smith Equipment has become the third business to break ground at HighPoint Business Park in Burleson. At an Oct. 28 groundbreaking the firm confirmed the 5701 HighPoint Parkway location after operating at 921 S. Burleson Blvd. since 1990. The company sells, rents and maintains conductor-stringing equipment, as well as pumps, presses, hoists and related supplies and accessories. The new location is on 20.4 acres and is expected to house a 58,400-square-foot office and warehouse distribution facility. Construction is expected to start by the end of this year. The site will include manufacturing, distribution, rental and training facilities. HighPoint is Burleson’s focus area for new manufacturing jobs. The park’s first property was purchased by Chicken E. Food Service. Within nine months the 100,000-square-foot headquarters and distribution center opened. It serves almost 200 Chicken Express restaurants in five states. The second property was purchased by Stuart Industries, with construction underway on its 37,000-square-foot-distribution center and warehouse. The company stores and ships aerospace parts to Lockheed Martin Corp., Northrop Grumman and Boeing Inc., among other aerospace firms. An opening date is expected in first quarter 2015. Meanwhile, 68 acres have been added for phase two of the business park’s development. In partnership with a private real estate group, the potential size of the business park has grown to 230 acres, according to city officials. More information on HighPoint Business Park is available by contacting the city’s economic development team at 817-426-9684 or ecodev@burlesontx.com. VERITEN SOLUTIONS TO MOVE HQ Veriten Solutions LLC plans to relocate its headquarters by year’s end to Marsh Business Park East in Addison. The office flex space is located at 3752 Arapaho Road, one of six buildings in the 179,739-square-foot business park. Veriten’s long-term lease pushes the park’s occupancy to 88 percent. “We were drawn to the open concept so we could provide places where the space is as unique and creative as the people using it,” said Tim Hoffman, managing partner of Veriten Solutions, in a news release. The company is an enterprise application design and development services company. The landlord, P7/Sealy Marsh Arapaho Owner LP, was represented in the transaction by Jason Miller, vice president of Bradford Commercial Real Estate Services, and Susan Singer, executive vice president. The technology company began searching for expansion space after 18 months of what is called notable growth. Its headquarters is currently at 15851 Dallas Parkway in Addison. “We felt our current space was not in line with our strategic growth plans and were looking for a space to provide a unique platform to showcase Veriten and our solutions,” Hoffman said. SALES Koinonia Investments has purchased 21,367 square feet for an undisclosed price at 2620 McIvey St. in Fort Worth, according to Xceligent Inc. Representing the seller, Stag Properties LLC, was Allen Gump with Colliers International (USA)-Dallas. LEASES Pepperidge Farm has leased 9,934 square feet at Haltom Place, 6319 Airport Freeway in Fort Worth, according to Xceligent Inc. Representing the landlord was Leland Prowse of Transwestern-Fort Worth. The CKTX Group Inc. has leased 1,620 square feet at Centreport Tec, Building II, 4108 Amon Carter Blvd. in Fort Worth, according to Xceligent Inc. Representing the landlord were Joe Rudd and Jeff Givens of Transwestern-Fort Worth. Benefit Architects has leased 3,763 square feet of office space in the Solana business park, 7 Village Circle in Westlake. The landlords, Blackstone and Equity Office, were represented by Chris Taylor and Rodney Helm of Cassidy Turley Commercial Real Estate Services. American Beacon Advisors has leased 32,424 square feet of office space in Mandalay Tower, 220 E. Las Colinas Blvd. in Irving. The landlord, Parmenter Realty Partners, was represented by Chris Taylor and Rodney Helm of Cassidy Turley Commercial Real Estate Services. A.J. Rod Co. Inc. has renewed its lease for 7,780 square feet of warehouse space at 1470 Post and Paddock Lane in Grand Prairie. Jason Miller, vice president of Bradford Commercial Real Estate Services, represented the tenant. Representing the landlord, 1470 Post & Paddock LLC, was Gordon Foster of Foster & Co. Epic Aviation LLC has leased 5,945 square feet of office space in Urban Towers, 222 W. Las Colinas Blvd. in Irving, from AG-PCPI Urban Towers Owner LP. Representing the tenant were Sharon Friedberg and Melanie Hughes, senior vice presidents of Bradford Commercial Real Estate Services. John Fancher and Matt Schendle of Cushman & Wakefield of Texas Inc. represented the landlord. Fitz Group Management LLC has renewed its lease for 3,734 square feet of office space in the Forum at Beltline, 4002 Belt Line Road in Addison. Representing the tenant was Nick Lee of NAI Robert Lynn. Sharon Friedberg and Melanie Hughes, senior vice presidents of Bradford Commercial Real Estate Services, represented the landlord, ARI Forum LLC. The Fort Worth Star-Telegram has leased 9,934 square feet at Haltom Place, 6319 Airport Freeway in Fort Worth, according to Xceligent Inc. Leland Prowse of Transwestern-Fort Worth represented the landlord. Regal Corp. has leased 18,687 square feet at 601-609 Avenue R in Grand Prairie, according to Xceligent Inc. The tenant was represented by Michael Stanzel of NAI Robert Lynn. Representing the landlord were Michael Spain and Jim Ferris of Bradford Commercial Real Estate Services–GSW Office. Virtual Home Care has leased 2,887 square feet at Green Oaks Square, 2921 Lackland Road in Fort Worth, according to Xceligent Inc. Dick Myers of Coldwell Banker Commercial Searcy Vasseur Group-Fort Worth represented the landlord. Trinity Energy has leased 42,080 square feet at 777 Main St. in Fort Worth, according to Xceligent Inc. Whit Kelly of Transwestern-Fort Worth represented the landlord. Vortus Investments has leased 4,205 square feet at The Cassidy, 407 Throckmorton St. in Fort Worth, according to Xceligent Inc. The tenant was represented by Jones Lang LaSalle. The landlord was represented by William Booker and Robert Gamblin of Sundance Square Management. Wingstop has leased 2,567 square feet at Beach Belknap Shopping Center, 4011-4033 E. Belknap St. in Haltom City, according to Xceligent Inc. The tenant was represented by Kornel Romada of NAI Robert Lynn. The landlord was represented by Alfred Goh of Pacific Century Realty. Aladdin Rentals & Events has leased 6,623 square feet at Parkwood Village Center, 113-217 E. Harwood Road in Hurst, according to Xceligent Inc. Representing the tenant and the landlord in the transaction were Jake Burns and Eric Deuillet of Structure Commercial. Great Expressions Smiles has leased 3,060 square feet at Great Southwest Crossing, 4045 S. Great Southwest Parkway in Grapevine, according to Xceligent Inc. David Levinson and Kendall Ibsen of The Retail Connection–Dallas represented the landlord. Send real estate news to lgraham@bizpress.net  

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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