DALLAS-Maxim Integrated Products Inc. sold two flex buildings and a data center totaling 46,043 square feet in two separate deals. The transactions took place as part of an on-going disposition of 13 buildings that were retired earlier this year as business units transition to 138,000 square feet of brand-new research and development space on its North Dallas campus.
CK & LK Properties LLC acquired an 18,613-square-foot flex building with a 3,240-square-foot data center at 4215 N. Beltwood Pkwy. in Farmers Branch, TX. Down the road, startup D3 Semiconductor LLC purchased a 24,190 square-foot structure, outfitted with light manufacturing equipment, at 15050 E. Beltwood Pkwy. in Addison, TX.
During Q1 2012, California-based Maxim began relocating 800 employees to its new building, which sits on an 18.5-acre tract it carved from a 45-acre campus inherited in 2001 with the acquisition of Dallas Semiconductor Corp. During this year’s transition, the vacant buildings were available on a sale or lease basis, but that’s no longer the case, according to Leigh C. Richter, senior vice president of Dallas-based Bradford Commercial Real Estate Services, who is handling the disposition for the Fortune 1000 company.
“I’ve seen good interest and I’m very early into the marketing,” says Richter in a press release. Richter has sold three buildings on the Maxim campus since mid-October.
At 4215 N. Beltwood, the built-in data center was the dealmaker for CK & LK Properties, which had been eyeing lease options in the Metropolitan Addison submarket (Farmers Branch is situated next to Addison; both cities are north of Dallas proper). Mark Nelson of Nelson Realty Advisors in Dallas represented the Irving, TX-based buyer, which plans to consolidate several companies at the new location. Richter partnered with Bradford market director Jason Miller on the transaction.
The plug ‘n play opportunity at 15050 E. Beltwood was instrumental in D3 Semiconductor’s decision to open doors in Addison instead of Phoenix or Southern California. Talks began in August 2011 between Richter and the company’s consultant, a former Maxim employee. D3 Semiconductor will receive tax incentives from Addison and the state as an emerging trend and the jobs it will create in the marketplace.
“These buildings were brought to market at the right time and right price for the specialized features in each of them,” Richter says.
- CCD Opportunity Investment LLC sold 112,175 square feet at Preston and Wade Roads to Caliber Bodyworks of Texas Inc. Thurston Witt with UCR represented the seller. Daniel Taylor and Michael Meaden with CBRE represented the buyer.
- Atkins Brothers Equipment sold 10,125 square feet at 918 Marshall to Bylo Properties. Allen Gump with Colliers International was the seller representative; David Dunn with Dunn Commercial represented the buyer.
- HOV Re LLC sold 14,848 square feet at 751-771 E Southlake Blvd. to Noorneel LLC. Dolores Wood-Euart with CBRE co-brokered with Champion Realty to represent the seller. James Keoughan with RE/MAX Heritage Commercial negotiated on behalf of the buyer.
- 1080 Inc. leased 2,500 square feet at Littlefield Building, 106 E. 6th St. Jayme Knight of CBRE represented the landlord, HVP Austin Littlefield LP. Brad Philp with Stream negotiated on behalf of the tenant.
- CAAG leased 2,039 square feet at 1016 La Posada Dr. Jayme Knight of CBRE represented the landlord, A+ Federal Credit Union. Heather Greensburg of Cantera Real Estate represented the tenant.
- Ketra Inc. took down 9,202 square feet at Barton Creek Plaza III, 3815 S. Capital of Texas Hwy. Mike Wiley of Southwest Strategies Group represented the tenant. Troy Holme and Katie Ekstrom of CBRE represented the landlord, Barton Creek Office II Inc.
- Big Lots Stores Inc. took down 4,130 square feet at 2801 Central Dr. Kevin Brookmole and Kari Pearce with Colliers International represented the landlord, MRM Family Trust.
- Seth Koschak with Stream Realty Partners represented Mechanics Time Savers on a 27,240-square-foot lease renewal at 1540 Selene. John Fulton with Transwestern represented the landlord, RREEF, in the transaction.
- Tribeca Americana Bistro & Lounge / Chef Sage Sakiri signed a lease for 4,400 square feet at 62 Main — Village @ Colleyville. LeAnn Brown with Silver Oak Commercial Realtyrepresented the landlord in the direct deal with the tenant.
- 70kft (formerly Stratosphere Creative) signed an expansion deal for 4,489 square feet at 208 North Market St. Dolores Wood-Euart with CBRE represented the tenant in its negotiations with landlord B F Avery & Sons.
- Amadeus North America Inc. leased 7,319 square feet at 5959 Sherry Lane from RREEF Sherry Lane LP. Ric Kanatzar with Studley in Dallas, and Bruce Schuman of Studley in Orange County represented the tenant. Dennis Barnes and Michael Dudley with CBRE represented the landlord.
- Bandera Ventures renewed its 3,258 square feet at 8115 Preston Rd. Bailey Anderson with CBRE represented the tenant. Susannah Bame and J.J. Leonard, also with CBRE, represented the landlord, SPUSV5 Preston Commons LP.
- Paul Taylor Homes renewed its 3,706-square-foot lease at 17950 Preston Rd. Clay Vaughn with CBRE was the tenant representative; Mark Harrison at Granite Properties represented the landlord, COP-Preston Plaza LLC.
- Northwestern Mutual Financial renewed 15,543 square feet at 1300 Summit Ave. Jeff Day with Centra Partners represented the landlord, PRG/CHIEF SUMMIT LP. Daniel Rudd and Billy Vahrenkamp with Colliers International represented the tenant.
- Entech Solar has signed a lease for 5,000 square feet at 641 Industrial Dr. LeAnn Brown with Silver Oak Commercial Realty represented the tenant and Mike McGee with McGee & Associates represented the Landlord.
- DermSurgery Associates renewed a 13,781 square-foot office lease at Greenpark One, an eight-story medical office building at 7515 Main St. Jon Lee of CBRE represented the tenant in this transaction. Any Havel and Blake Virgilio of Caldwell Companies represented the building’s ownership.
- Kleinfelder Central expanded its lease to 19,692 square feet at 7803 Mesquite Bend. Dina Zamblah with Mohr Partners represented the tenant. Kevin Brookmole and Kari Pearce with Colliers International represented the landlord, FSCP Dallas Portfolio.
- Concentra Inc. leased 26,945 square feet at 5220 Tennyson Pkwy. from BRI 1849 Legacy LLC. Searcy Ferguson with CBRE Dallas represented the tenant and Michael Peinado with Lincoln Property Co. represented the landlord.
- Mullaney Financial Consulting took down 2,518 square feet for a new branch location at 5072 W. Plano Pkwy. Josh White with CBRE represented the tenant. Michael Dudley and Clay Gilbert, also with CBRE, represented the landlord, Behringer Harvard Parkway Vista LP.
- Regus Group leased 17,353 square feet at 101 E Park Blvd. Baron Aldrine, Mike Kay, Mike Cleary, Pete Danna and Steve Rigby with CBRE represented the tenant. Rodney Helm with Cassidy Turley represented Parmenter, the landlord.
Stream Realty Partner LP’s Seth Koschak and Ryan Wolcott represented DRA Advisors in the following transactions:
- A 6,995 square-foot relocation with USA Datafax at 821 N. Jupiter. Scott Asbury with 3L Realty represented the tenant.
- A 4,041 square-foot new lease with IDM at 2512 Summit. Joe Santaularia with Bradford Commercial Real Estate represented the tenant.
- A 4,070 square-foot new lease with Automation Dynamics at 801 N. Jupiter.
Seth Koschak and Ryan Wolcott also represented Vintage Interest in the following:
- A 3,840 square-foot renewal with Hillary Machinery at 1825 Summit.
- A 5,640 square-foot new lease with Superior Elevator at 1845 Summit. Matt Burton with Mohr Partners represented the Tenant.
- Batteries Plus leased 1,500 square feet at 119 SW Loop 410 from Coventry Real Estate Advisors. Gene Williams, Graham Ketchum, and John Wright of CBRE represented the landlord. Ryan Bader of Fulcrum Property Group negotiated on behalf of the tenant.
- Cherokee Medical Services LLC leased 8,273 square feet at Atrium Building, 85 NE Loop 410. Jill Strauss with Magi Real Estate represented the landlord, Brass Real Estate Income Fund II LP. Carl Salvato of CBRE represented the tenant.
- CBRE has been exclusively retained by Forestar Group to market its 41-acre Hunters Crossing Business Park. Colin Armstrong of CBRE Austin’s Land Services Group is representing Forestar Group in marketing the land at SH 7 and Farm-to-Market Road 304, near Austin. The area has the potential for 500 homes, large retail development and land for multifamily projects. In addition, it will offer sites for new office, medical and R&D/flex buildings, which currently do not exist in the market. CBRE is offering the land for sale in part, or as a whole to users and developers.