South Korean manufacturer to invest $100M into DFW expansion bringing 1,600 jobs

A South Korean manufacturer is expanding its U.S. operations in North Texas, with Garland-based Nutribiotech USA Inc. bankrolling $100 million into the former Raytheon campus. The facility is being converted into a new $50 million business park.

Over the next five years, Nutribiotech USA, a subsidiary of Nutribiotech Co. Ltd. (222040:KOSDAQ), will increase its footprint from an existing 60,000-square-foot facility to more than 685,000 square feet of space. The expansion includes the renovation of 375,000 square feet of former Raytheon facilities and the construction of a new 250,000-square-foot facility adjacent to Nutribiotech’s current site.

“We have been growing very rapidly and Garland has been a critical part of the success,” Nutribiotech USA President BJ Lee said in a prepared statement. “As we look to the future, we are excited to be a valued and dynamic part of this region’s economic engine.”

Click to read more at Dallas Business Journal. 

Developers unveil plans for new 20-acre urban campus in downtown Dallas

Dallas-based development group Hoque Global has partnered up with Dallas-based KDC to unveil plans for an urban-style neighborhood totaling more than 20 acres, which could have the ability to attract a Silicon Valley-type corporate user to downtown Dallas.

The development plan, which is being marketed as the “Dallas Smart District,” includes building Class A office, residential, retail, hospitality and open spaces on several contiguous blocks from Canton Street to the Dallas Convention Center to the Farmers Market to adjacency next to Dallas City Hall in downtown Dallas.

Click to read more at Dallas Business Journal. 

Texas A&M to begin $127M building in Deep Ellum to boost Dallas enrollment

Texas A&M University has begun construction on a new nine-story, 157,756-square-foot clinic and educational building near Dallas’ Deep Ellum neighborhood.

The $127 million facility, which is being built for the university’s College of Dentistry, will help the Texas A&M dentistry program boost its enrollment by 25 percent. It will also give North Texans another avenue for dental care.

The College Station-based university system plans to hold a ceremonial groundbreaking at the new Dallas facility on Monday, which, upon completion, will have the address of 3000 Gaston Ave. — which includes a portion of land formerly occupied by a neighborhood bar, The Elbow Room.

Click to read more at Dallas Business Journal. 

Luxury living near Dallas’ Klyde Warren Park reaches new heights with 34-story tower

High Street Residential, the residential arm of Dallas-based Trammell Crow Co., and its joint venture partner MetLife, has reached the uppermost height of constructing The Residences at Park District, a 34-story luxury high-rise tower.

The residential tower will bring 228 luxury apartment homes and 13,396 square feet of retail space adjacent to Klyde Warren Park on the southern edge of Uptown Dallas.

The Residences at Park District will elevate luxury living in Dallas, said Joel Behrens, principal of Dallas-based High Street Residential, who gave the Dallas Business Journal a tour of the construction site earlier this year.

Click to read more at Dallas Business Journal. 

Stream Realty Partners Completes 53,397-Square-Foot Lease at Gramercy Center South

 DALLAS (Oct. 17, 2017)Stream Realty Partners (Stream) – a national real estate development, services and investment firm, represented ATCAP Partners in its 53,397-square-foot lease for new tenant Advanced Infusion Solutions (AIS), a leader in the provision of home infusion solutions, intraspinal pump medication delivery and comprehensive pharmacy services.

As part of the Lower Tollway submarket, Gramercy Center South is a two-building, 256,000 square foot office park located at 18451 N. Dallas Parkway in Dallas, at the northwest corner of Dallas North Tollway and Frankford Road.

Stream’s Ryan Evanich, vice president; Matt Wieser, executive vice president; served as brokers in the transaction. Kimarie Ankenbrand, vice president, Jones Lang LaSalle (JLL); assisted as a cooperating broker in the deal.

About ATCAP Partners

ATCAP Partners is a private entrepreneurial commercial real estate company with a focus on middle-market assets within the office and industrial sectors. Visit www.atcap.com.

About Stream Realty Partners

Stream is a commercial real estate firm with locations across the country. The company’s full-service offerings cover the broad spectrum of leasing, management, development, construction, and investment sales services across the commercial real estate industry. In addition, Stream specializes in sourcing acquisition and development opportunities for the firm and its clients. Since its formation in 1996, Stream has grown from its two original partners to a staff of more than 750 real estate professionals nationwide, with regional offices in Atlanta, Austin, Charlotte, Chicago, Dallas, Denver, Fort Worth, Houston, San Antonio, San Diego, Southern California and Washington, D.C. Stream currently has more than 130 million square feet of assignments across the nation, completes over $2.4 billion in real estate transactions annually and is considered one of the most active investors and developers in the real estate industry. Visit www.streamrealty.com.

Why CBRE’s Jeff Ellerman believes DFW will benefit from growing U.S. corporate consolidation

As corporate America continues to consolidate operations in the United States, CBRE’s Jeff Ellerman says he believes Dallas-Fort Worth is well positioned to benefit from the restructuring trend.

“Consolidation from corporate America will most certainly continue,” Ellerman, vice chairman in CBRE’s Dallas office, told the Dallas Business Journal. “In my opinion, we’re going to continue to see relocations and large-scale needs coming out of other states into North Texas.

“Things don’t just happen with Toyota bringing their North American campus here; it happens over a longer period of time,” said the longtime Dallas real estate broker, who represents some of the companies rethinking their operations.

Click to read more at Dallas Business Journal.