Deal Ticker: Plano-Based Investment Group Purchases Former Shawn Todd Redevelopment Project
Plus: More a lot more homes coming to Melissa, Rhino Health is expanding into North Texas, major leases signed at the Crescent and in the Harwood District, and more.
Plano-based
Wolfe Investments, a private equity real estate investment firm, has purchased the historic U.S. Post Office and Courthouse building in downtown Dallas. The building was redeveloped by Todd Interests years ago into luxury apartments. It was developer Shawn Todd’s first downtown adaptive reuse. The landmark purchase is the company’s second-largest acquisition to date, just behind the historic Rockefeller building in Cleveland, Ohio.
Deals Day: Two out-of-state companies plant first flags in Dallas
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Deal Ticker: Investors Purchase High-Profile Allen Building, Plan Relocation
Plus: $20 million industrial project headed to Lancaster, JLL closes Pier 1 tower deal in Fort Worth, and more.
Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected].
In a joint venture partnership, Dallas-based Pillar Commercial and Oklahoma investor Hall Capital have acquired the 120,170 square foot office building,
One Bethany East in Allen. Pillar Commercial plans to relocate its Preston Center headquarters to the site in the second quarter.
One Bethany East was built by Kaizen Development Partners and is home to many high-profile tenants, including the Credit Union of Texas, Boss Fight, and the Allen Economic Development Corporation.
Deal Ticker: UT Southwestern Leases Space at Visionary Project Pegasus Park
Plus Trammell Crow Co. plans new Allen multifamily project, Stanton Road Capital continues Dallas office expansion, and more.
Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected].
The University of Texas Southwestern Medical Center has signed a 180,000-square-foot lease at visionary project Pegasus Park. UT Southwestern will occupy six floors in the tower building.
Located at 3000 Pegasus Park Drive, Pegasus Park is developed as a life sciences hub for North Texas. The campus spans 23 acres and consists of more than 750,000 square feet across multiple buildings, including an 18-story office tower. Pegasus Park will be a mixed-use collaborative ecosystem and office campus designed to bolster local biotech, social impact, and corporate innovation. Construction is underway to transform the former oil industry campus into a future-focused center. Pegasus Park campus is
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.
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