2014 was a great year for real estate in Dallas-Fort Worth and some are saying it was one of the best on record. The Dallas Business Journal and D CEO recently announced the winners of their annual commercial real estate awards for 2014. With so many great deals under consideration for the top awards, CBRE is honored that our brokers were some of the leading recipients in retail real estate categories.
One of the biggest retail deals in DFW is the relocation of Neiman Marcus from Ridgmar Mall to the new Shops at Clearfork, a 500,000 square foot outdoor, open-air shopping destination in the heart of Fort Worth. The new 90,000 square foot, two-level store is significant for being the first fully built store for the company in years. CBRE’s team of Jack Breard, Amy MacLaren and Amanda Gross represented and brokered the deal for Neiman Marcus and Cassco Development. It was the first time that Neiman Marcus used an outside brokerage firm to introduce a site and finalize the negotiations.
This deal was a substantial win for the Clearfork Development. Securing a flagship anchor tenant of this caliber has put the entire development on the fast track and retailers are now jumping at the opportunity to be a part of this high-end establishment and significant urban infill. The impact of this deal is a large reason why Jack Breard was also named Best Retail Broker of the Year by the Dallas Business Journal.
Another award winning project that CBRE brokers helped shape is the Dallas Farmer’s Market. Jack Gosnell and Sasha Levine, along with the help of private partnerships and a TIF from the City of Dallas, are putting this historic area on track to again be a central hub and give Dallas what it is missing, a true farmer driven market. Both Jack and Sasha have led the efforts to lease the retail component for the entire project, including The Market. When complete in June 2015, The Market will house a unique mix of 30+ artisanal shops ranging in size from 144 square feet to 1,620 square feet with most stores averaging 400-600 square feet. These efforts did not go unnoticed; The Dallas Business Journal awarded the project its Best Community Impact Award, and D CEO named it a finalist for The Best Redevelopment in Dallas.
Many of our other brokers were also recognized by the Dallas Business Journal for their great work this past year. CBRE brokers Brandon Harris, Tey Tiner and W. Thurston Witt, Jr. were finalists for the Dallas Business Journal’s Best Land Transaction Award for their work with Craig Ranch. Jack Gosnell and Jack Breard assisted with retail efforts for Mixed Use Development winner McKinney & Olive, and the Best Creative Financing Deal winner, The Olympic at 1401 Elm Street, was aided by Amy MacLaren and Jack Gosnell as well.
These awards proved once again that CBRE is the consistent leader in Dallas retail real estate. As the DFW area continues to grow, our team of brokers will continue to provide the best service in project leasing and tenant representation.