Here’s a roundup of notable transactions, new projects, and CRE personnel moves in the DFW market. Send your company’s latest CRE news to D CEO Associate Editor Audrey Henvey at audrey.henvey@dmagazine.com.
DICKS Sporting Goods is bringing a new 800,000-square-foot distribution center to Fort Worth in a deal that’s expected to add 300 new jobs in the area over 10 years. With plans to serve about 100 stores across the country, the center will be situated on nearly 90 acres in the Risinger/35 Logistics Park, a Hillwood development. Hillwood will kick off construction this fall and is targeting a completion of early 2026.
Lincoln Property Co. to collab with Centennial
Global real estate firm Lincoln Property Co. has announced an investment in Dallas-based retail real estate concern Centennial. The partnership will give Centennial access to capital and resources for national expansion and position Lincoln for new mixed-use development opportunities. The vision is to focus on identifying and rehabilitating underperforming real estate by leveraging Centennial’s history in mall operations and Lincoln’s experience across asset classes.
A new tenant for The QUAD
The QUAD in Uptown has a new tenant. Marketing and communications firm LDWW has moved about 40 employees to the second floor of the renovated office building at 2828 Routh Street. Stream Realty Partners bought the property formerly known as the Quadrangle in 2019 and redeveloped the space to include a 12-story tower and standalone restaurant and retail buildings.
JPI acquires 32 acres in Grand Prairie
A 32-acre stretch of land has changed hands and is now owned by Dallas-based multifamily developer JPI. The deal was brokered by Younger Partners Executive Managing Director John St. Clair and Associate Davis Willoughby, who represented the undisclosed seller in a direct deal with JPI. “Infill multifamily sites are highly coveted, and it is difficult to find them in the right location with the appropriate zoning,” Willoughby said. “When these parcels are found, they have great value.”
Legacy Capital names new President and CEO
Dallas-based Legacy Capital has a new leader at the helm with Jerry Abrahams as the company’s new president and CEO. Abrahams, who joined Legacy Bank and Trust in 2023, has a 30-year history in the financial services industry with a focus on mortgages for affordable and market rate multifamily commercial real estate, banking, and investment banking. Legacy Capital serves multifamily clients across the country.
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