REDNews January 2015 - Southeast Cover January 2015 | Page 39

ANNOUNCEMENTS
North Texas

David Stack

Michael Rareshide

REDNews

Michael Rareshide, formerly
of Partners National, will
serve as executive vice president
at E Smith Realty and will
focus on national corporate
accounts.

Dallas/Ft. Worth Areas

David Stack, formerly
of JLL, will serve as senior
vice president of project and
development services and will
be responsible for generating
project management and
development business for E
Smith Realty.

DEALS
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Irving (SALE) A joint venture of Hines and AEW Capital
Management purchased Parc 114, the master-planned

business park in Irving. The acquisition included six
buildings with 404,777 SF on 18.5 acres of land which can
accommodate 191,262 SF of additional industrial space.
Dallas (SALE) CBRE Capital Market sold Cedar Springs
Business Park, a newly constructed office/industrial park located
near the corner of Mockingbird Land & Cedar Springs Road.
Dallas- based Berlin Interests, represented by Eric Berlin,
purchased the 33,248 SF property from Dallas-based Carlisle
Interests.
Jennifer Pierson, Beth Pierson and Cameron
Deptula with CBRE represented the seller.

is located at 2350 Crist Road.

CBRE’s Jack Fracker,
Josh McArtor, Jonathan Bryan and Heather McClain

represented the seller, Dalfen America Corp.
Branch (LEASE)
Advanced Spice leased
55,100 SF and Valdez Corp leased 37,900 SF at Three
Valwood Park, 13901 Sentac Drive. Three Valwood Park
is being developed by Duke Realty. Tracy Fults of Fults
Commercial Real Estate represented Advanced Spice
and Valdez. Randy Wood represented Duke Realty inhouse.
Farmers

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Dallas (SALE) Alliance Residential Company purchased
Coppell (LEASE) KW Cos leased 68,827 SF at 600 South
Royal Lane in the Freeport North Industrial Park. The Stream
Realty Partners team of Blake Kendrick and Jeremy Kelly
represented KW Cos. Randy Wood of Duke Realty Corp.

represented the owner in-house.

Ft. Worth (SALE) Industrial Property Trust has purchased the
310,000 SF distribution facility leased to Pier 1 Imports. The
building is located at 14900 Trinity Blvd on 14.3 acres. The
seller, IDI Gazeley was represented by Randy Baird, Jud
Clements and Robby Rieke of HFF.
(SALE)
Hawaii-based real
estate company James Campbell Company, purchased a 2.2
million SF portfolio from Weeks Robinson Properties. The
portfolio includes Forum Crossing at 2101 & 3221 E. Arkansas
Lane in Arlington, 4800 & 4900 Langdon Road in S. Dallas’
Logistics Park and Bldgs 2 & 4 in the Railhead Industrial Park
in Fort Worth. Representatives with Eastdil Secured brokered
the sale for Weeks Robinson while Colony Realty Partners
represented James Campbell Company.
Arlington/Dallas/Ft..Worth

Dallas (DEVELOPMENT) Avera, a commercial real estate
development, construction and investment firm based in
Houston is developing a 345,150 SF distribution center at the
NWC State Highway 61 (George Bush Tollway) and January
Lane. “The development of Park 161 Distribution Center is a
reflection of our continued expansion into the Dallas-Ft. Worth
market,” H.T. “Trey” Odom III, founder and CEO of Avera,
told GlobeSt.com.
Garland (SALE) Dallas-based real estate fund Atlas CP has

purchased the Firewheel Commerce Center which is adjacent
to its largest tenant, Atlas Copco Drilling. The development

7.51 acres at 8356 S. Good Latimer Expressway from
Madison Realty Investors for the development of a 340-unit
apartment development. Lew Wood and Andrew Doster
of Henry S. Miller represented the buyer. Bill White of
Madison Realty Investors and Jim DePetris represented
the seller.

M U L T I - F A M I L Y
Dallas (SALE)
Olympus Property purchased The
Mosaic, a 440-unit multi-family high rise at N. Akard St &
Pacific Avenue. The Mosiac has