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REI is expected to open next spring at Fort Worth’s Waterside development, fulfilling its previously announced plan to become the second anchor store for the mixed-use property at Bryant Irvin Road and Arbor Lawn Drive.
The 24,500-square-foot location will become the fourth Texas store for the Seattle-based outdoor merchandise and travel retailer.
The trailside, riverfront location will serve more than 3,000 active REI members living in the area, according to the company.
Other nearby REI stores are located in Southlake, Plano and Dallas.
At full buildout, Fort Worth-based Trademark Property Co.’s Waterside will comprise 200,000 square feet of retail space and riverside restaurants, 800 multifamily residential units, two to three hotels, office buildings, and potential for additional high-density single family housing, much of it situated along the Trinity River.
Planned retailers include Taco Diner, Zoe’s Kitchen, Blaze Pizza, Sleep Train, Massage Heights, Envy Nails and Amazing Lash Studio, as well as REI and Whole Foods Market.
More information is available at watersidefw.com or by following Waterside on Facebook and Twitter.
2 FIRMS BREAK GROUND
ON GREAT SOUTHWEST SITE
Stream Realty Partners LP and Cabot Properties have broken ground on Trinity Crossing, a two-building, 322,853-square-foot industrial development in Grand Prairie.
Located at Roy Orr and Trinity boulevards on 18.4 acres in the Great Southwest submarket, the site features a 144,187-square-foot, rear-load building and 178,655-square-foot, front-load building. The site will accommodate tenants from 35,000 square feet up to 175,000 square feet.
“We are excited to officially break ground at Trinity Crossing as we continue to grow our footprint across Dallas-Fort Worth,” said Damian Bailey, Cabot Properties’ vice president of investments, commenting in a news release.
Cannon Green, co-managing director and partner of Stream’s Dallas industrial team, will oversee project development. Green will team with Luke Davis, an associate at Stream, for marketing and leasing. Steve Riordan, construction manager of Stream’s construction division, will manage the project through completion, which is expected in the second quarter of 2016.
“We are confident that tenant demand will continue to outpace supply in the Great Southwest submarket, and Trinity Crossing will provide us with the ability to capitalize on that dynamic,” Green said.
Cabot Properties is a private equity real estate investment firm that manages and operates more than 3,000 tenants in more than 145 million square feet.
Stream Realty Partners is a full-service real estate investment, development and services company. It has offices in Fort Worth, Dallas, Austin and other locations nationwide.
GREYSTEEL RETAINED TO SELL
LAKE DALLAS APARTMENTS
Greysteel has been named adviser and agent to sell The Lakeshore, a 140-unit garden-style apartment community in Lake Dallas. Leading the effort will be Boyan Radic, Doug Banerjee, Andrew Mueller and Ryan Hill.
The Lakeshore is one of only two Class A developments in the city of Lake Dallas built in the past 10 years. Its design was completed by BGO Architects, with landscaping by Meeks Design Group. The apartments are at 303 E. Swisher Road.
Greysteel is a commercial real estate and capital markets services firm with offices in Fort Worth, Dallas and five other cities nationwide.
SALES
Cravens 10 10 Ltd. has sold a 51,826-square-foot hotel at 1010 Houston St. in Fort Worth to Mland Lodging LLC. Kirk Kelly, Jack Huff, Kyle Poulson and Grant Huff of Transwestern negotiated the transaction.
3-R Investments Co. LLC has sold a 13,640-square-foot industrial building at 2412 Cullen St. in Fort Worth to 2SP Partners LLC. Jack Huff and Kyle Poulson of Transwestern represented the buyer.
Price G. Ross has sold 9,375 square feet of land at 3115 Odessa Ave. in Fort Worth to Foch Street Partners LLC. Jack Huff, Kyle Poulson and Kelly Whaley of Transwestern represented the buyer.
A local business has purchased an Irving building at 727 West Airport Freeway and renovations already are underway at the 3,900-square-foot structure. Bill Bledsoe of Henry S. Miller Cos. represented the seller, Hargrove Interests LLC, and Luis Pina of Accent Commercial represented the buyer.
NADG Bear Creek LP has sold 78 lots at Bear Creek Crossing in Cedar Hill to Endeavor Wall Homes as the final phase of a subdivision lot takedown by Endeavor. Lester Day of Transwestern and Matt Bilardi represented the buyer.
Oaksbranch LP has sold 15.02 acres at Roy Orr and Trinity boulevards in Grand Prairie to Riverpark II LLC. Joe Rudd of Transwestern represented the seller.
John L. Palazzola has sold a 10,396-square-foot flex building at 1460 Post and Paddock Street in Grand Prairie to Braeswood Alliance Group. Joe Rudd of Transwestern represented the buyer.
Jame M. Brown and Mary Lou Brown have sold a 3,021-square-foot flex building at 4015-4019 Rufe Snow Drive in North Richland Hills to Reyna Quinonez. Sarah LanCarte of Transwestern represented the seller.
LEASES
TEKsystems Inc. has leased 9,596 square feet at Hillwood Commons I, 9800 Hillwood Parkway in Fort Worth. Steve Aldrich, Bill Burton and Reid Goetz of Hillwood-AllianceTexas represented the landlord.
DLS Acquisitions has leased 3,500 square feet at 2220 W. Peter Smith St. in Fort Worth. C.B. Team of Ellis & Tinsley represented the landlord.
Clifton Properties-Keller Williams Realty has leased 2,500 square feet at 755 Bellaire Drive South in Fort Worth. Jerry Bolz of Peloton Commercial Real Estate-Fort Worth represented the landlord.
Cricket Wireless has leased 1,786 square feet at River Oaks Shopping Center, 5500-5520 River Oaks Blvd. in Fort Worth. James Blake of Sperry Van Ness-Summit Commercial Realty represented the landlord.
Real Dealz Wholesale has leased 5,000 square feet at 3426-3442 Dalworth St. in Arlington. Phillip Rosenfeld, Matt Thompson and Jacob Goodman of Colliers International (USA)-Dallas represented the landlord.
Distribute North America has leased 4,875 square feet at Prologis Port America 14, 750 Port America Place in Grapevine. Sammy Abuhamra of Mercer Co. represented the landlord.
A Sophisticated Affair has leased 3,160 square feet at 2205 W. Division St., Building A in Arlington. Loni Harris of Dodson Development represented the landlord.
Taste of Asia has leased 2,395 square feet at Boswell Towne Center, 1165-1209 N. Saginaw Blvd. in Saginaw. Jeffrey Warwick of Weingarten Realty Investors-Houston represented the landlord.
Lone Star Financial Associates has leased 1,926 square feet at Ridgewood Square, 1237 Southridge Court in Hurst. Melinda Payne of Commercial Property Maintenance LLC represented the landlord.
Make It Happen Floors has leased 1,857 square feet at Ensenada Square, 301-333 S. Bowen Road in Arlington. Britton Lankford and Kerry Assa of Bright Realty Brokerage LLC represented the landlord.
Mathnasium has leased 1,542 square feet at Mayfair Village, 500-754 Grapevine Highway in Hurst. Rob Murphy of Phillips Edison & Co.-Cincinnati represented the landlord.
Rebuilders Specialty Inc. has leased 2,700 square feet at Post & Paddock Place, Building 5, 1000 Post and Paddock St. in Grand Prairie. The tenant was represented by Jim Ferris of Bradford Commercial Real Estate Services-GSW Office. Corby Hodgkiss of Mercer Co. represented the landlord.
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