Deal Ticker: Another California-Based Real Estate Firm Relocates to Dallas
Plus: Global licensed apparel manufacturer signs industrial lease in Irving, Transwestern secures large lease for first-class healthcare network, and more.
Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected].
Lion Real Estate Group, an investment firm focused on multifamily and creative office properties, has relocated its Los Angeles-based headquarters to Dallas. The firm has taken space at 3811 Turtle Creek Blvd. “The decision to relocate our corporate headquarters to Dallas aligns with our strategy of acquiring desirable multifamily assets outside of the urban core, both here in Texas and in other high-growth cities across the Sunbelt and Southeast,” said Jeff Weller, co-founder and managing principal of LREG.
Deal Ticker: Landmark Design District Property Exchanges Hands
Plus senior community planned on Haggard Family land in Plano, million-square-foot speculative warehouse planned in West Dallas, and more.
Dallas’ Quadrant
Investment Properties has purchased the award-winning International on Turtle Creek showroom and office complex on Irving Boulevard. Quadrant purchased the building from Dallas-based Stockdale Investment Group, which purchased the 155,000-square-foot complex in 2016. Quadrant acquired in a venture with Maryland-based Federal Capital Partners. J. Scott Lake and Jake Milner of Davidson & Bogel Real Estate represented the buyers.
INDUSTRIAL/LAND
Houston-based Lovett Commercial has filed plans with the state to build a 1 million-square-foot speculative warehouse near the northwest corner of Singleton Boulevard and Norwich Street in West Dallas. Plans say the project could break ground by February and deliver by the first quarter of 2022.
Deal Ticker: Domed Roof Landmark Property in Addison Exchanges Hands For Corporate HQ Relocation
Plus: Flurry of leasing fills Carrollton Business Center, Craig Ranch to get new office building, a 422-unit apartment asset near Preston Hollow has sold, and more.
Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected]. Cherry Coatings will grow its Dallas-Fort Worth operations with a new corporate headquarters at the popular 56,000-square-foot Inwood Soccer Center in Addison. Cherry Coatings, which specializes in new construction painting, industrial flooring, and maintenance coatings, will relocate from Carrollton to the former soccer landmark at 14801 Inwood Road, which sits on over three acres of land. The 53-year-old company will retrofit the building to house 75 corporate employees and a large warehouse with loading docks.