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Commercial Real Estate News
Dallas/Ft. Worth
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LEI Trades for 26-Building Industrial-Office Portfolio
An affiliate of Los Angeles-based Lowe Enterprises and its joint-venture partner have acquired 26 industrial and office buildings scattered across 16 states from AIC Ventures. The buildings totaling 2.3 million square feet, known as the NL Ventures...

GuideStone Trades in Uptown Dallas HQ for 118,000-SF Lease at Pinnacle Tower
Pictured: 2401 Cedar Springs Rd. in Uptown Dallas.GuideStone Financial Resources has sold its longtime headquarters building at 2401 Cedar Springs Rd. and leased 117,720 square feet at Pinnacle Tower where the organization will relocate its corporate...

Dallas Law Firm Signs 10-Year Extension at One Arts Plaza
A leading Dallas law firm has extended its approximately 160,000-square-foot lease at One Arts Plaza in Dallas for an additional 10 years. Thompson & Knight LLP, a full-service firm with approximately 330 lawyers and 12 offices worldwide, renewed its...

Dalfen Names New VP of Development and Construction
Dalfen American Corp. (DAC) has brought in Sean Wood to head up the firm's development and construction team as a vice president. Wood comes to DAC from Hillwood Investment Properties, where he oversaw three million square feet of warehouse distribution...

Dollar General to Build New 1 Million-SF Distribution Center in Longview
Dollar General Corp. (NYSE: DG) will build a brand new build-to-suit distribution center in Longview, TX to service roughly 1,000 Dollar General locations throughout Texas and the greater Southeast region, the company announced Wednesday. Working with...

Pure Industrial Shaking Up Portfolio
Toronto-based Pure Industrial Real Estate Trust is shaking up its portfolio, selling off some older "non-core" mature assets and buying newer properties. The trust will sell a 53-year-old building at 75-77 Fima Crescent in Toronto for $14.9 million...

Mercedes-Benz Getting New 200,000-SF Financial Services Center in Fort Worth
Mercedes-Benz Financial Services signed a lease for a 200,000-square-foot build-to-suit in Fort Worth that will serve as the company's new national business operations center. The greenfield project will be developed at AllianceTexas, Hillwood's 18...

DDR To Spin Off $3 Billion of Properties into New REIT
Silver Spring Square in Harrisburg, PA, is the largest of the properties DDR is spinning off.DDR Corp. (NYSE: DDR), a Cleveland-based shopping center REIT, plans to spin off a portfolio of 50 assets, including all of its Puerto Rico portfolio, into a...

The Moinian Group, SMA Equities Secure $118 Million Mortgage Loan for Renaissance Tower
The Moinian Group and SMA Equities obtained a $118 million mortgage loan secured by the 56-story Renaissance Tower, located at 1201 Elm St., in downtown Dallas. The New York City-based firms, which teamed up back in 2006 to acquire the 1.73 million...

Ohio Investor Buys 372-Unit Avana West Lemmon in Dallas
The Connor Group, a Dayton, OH-based commercial real estate investment firm with $2 billion in assets under management, has acquired the Avana West Lemmon Apts. in north Dallas for $66 million, or approximately $177,000 per unit. Charleston, SC-based...

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