Trademark Property Co. is acquiring a 63-acre tract in Fort Worth from Lockheed Martin to develop an expansive mixed-use project. The site is on Bryant Irvin Road at Arborlawn Drive, near the new Chisholm Trail Parkway.
Real Points
Daily Reports on Commercial Real Estate
Articles by Christine Perez
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If you work in commercial real estate in North Texas, chances are good that you were at the Hilton Anatole last week for The Real Estate Council’s annual FightNight. The 25th anniversary edition of the group’s signature fundraiser did not disappoint, attracting a crowd of about 1,300 industry execs—along with boxing greats Sugar Ray Leonard and Roberto Duran.
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Residence Inn by Marriott and Denny’s Restaurant are among the first tenants to sign on for space in The Canyon in Oak Cliff, developers announced at a groundbreaking ceremony and press conference yesterday. Frank Mihalopoulos of Corinth Properties said In-N-Out Burger is in the advanced stages of negotiations to build a restaurant in The Canyon, too.
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IndustrialBuilding on more than 1 million square feet of leases secured at AllianceTexas in the first quarter of 2013, Hillwood has secured a big lease from Saddle Creek Logistics for a new center in Roanoke. The privately held company signed on for 287,000 square feet in Gateway 50 at 743 Henrietta Creek Road.
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Allen Gump, an executive with Colliers International North Texas, was elected to serve on the Society of Industrial and Office Realtors’ national executive committee during the organization’s spring world conference in Palm Springs, Calif. He will serve a four-year term, as vice president in 2014, president-elect in 2015, president in 2016, and immediate past president in 2017.
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OfficeFrost Bank has finalized documents for its regional headquarters lease. The Texas-based banking, investments, and insurance firm will occupy 57,558 square feet of office and retail space in a new building being developed by Harwood International in Uptown.
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It was standing room only at Brook Hollow Golf Club May 2, as the North Texas Commercial Association of Realtors’ held its annual Hall of Fame dinner and reunion. Commercial real estate luminaries were on hand to welcome the two new inductees: Mike Berry, president of Hillwood Properties, and the Caroline Rose Hunt Family of Rosewood.
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Ray Hunt and John Scovell joined other executives on the observation deck level of Reunion Tower earlier today to reveal plans for its renovation and planned Fall 2013 reopening. Hunt said the goal is to create “a very positive, very impressive addition to Dallas’ already thriving downtown area.”
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IndustrialDuke Realty Corp. has signed on two new tenants at Freeport North, its sprawling industrial campus in Coppell. CID Resources Inc. and Norwex USA Inc. have leased a total of 224,105 square feet.
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Bob Mohr gets a kick out of highmarking. The dangerous sport involves driving a snowmobile as far as possible up a steep backcountry mountain slope at a high rate of speed, without getting stuck in the deep powder, rolling over—or getting crushed by an avalanche. “It’s very physical, and it’s a pure adrenaline rush,” Mohr says. The chairman and CEO of Mohr Partners has been known to take risks in business, too.
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