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Trademark closes on 63-acre Waterside site in Fort Worth

Construction begins Oct. 20 on the development, to be anchored by a Whole Foods Market.

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UPDATE: $215M hotel, indoor ski project planned for Grand Prairie

Officials in Grand Prairie are expected later today to announce a $215 million project that will include a Hard Rock Hotel and an indoor ski facility.

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Two Fort Worth council members propose temporary single-family moratorium around TCU

The moratorium would apply to new permits for single-family homes around TCU, and give the city time to figure out what to do with a controversial proposed overlay in several neighborhoods around the university.

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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

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Coppell industrial sites sold

 

Coppell Commerce Center & Coppell Business Center

 

An affiliate of Lincoln Property Co. has purchased Coppell Commerce Center & Coppell Business Center.
The two industrial facilities comprise six, Class A buildings, which total 771,720 square feet and combined were 91 percent leased at the time of sale.
CBRE represented the seller, a global investment manager, on the sale and worked on behalf of Dallas-based Lincoln Advisory Group, an affiliated entity of Lincoln Property Company to arrange two permanent loans valued at $25.5 million through Allstate and Bank of America to finance the acquisition.
“Two differing acquisition strategies for the portfolio assets necessitated two unique loan structures and both Allstate and Bank of America stepped up to meet those needs. All parties provided for a clean, painless execution,” said Matt Ballard, vice president in CBRE’s Debt and Equity Finance group.
The six Class A, single story, multi-tenant industrial buildings were constructed between 1997 and 2000 are located in Coppell within the Dallas-Fort Worth Airport submarket, which is the most institutionally owned submarket in Metroplex. Coppell Business Center is located at 1405, 1421, 1441 and 1461 South Belt Line Road and Coppell Commerce Center is located at 1221 South Belt Line Road and 1234 Lakeshore Road.
Jack Fraker, Josh McArtor, Jonathan Bryan, and Heather McClain Venegoni marketed and sold the two industrial parks on behalf of the seller. The team of Scott Lewis, Matt Ballard and Patrick Benoist of CBRE’s Dallas office originated and secured the financing for the transaction on behalf of the borrower, Lincoln Advisory Group. 
 

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