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D&M Auto Leasing Moving Company Headquarters to Fort Worth

Posted on: 08/14/2018   |   Category: Press Releases

FORT WORTH (August 14, 2018) – Anthracite Realty Partners, LLC has partnered with MAH Properties to acquire 1400 W 7th Street from Whitley Penn. MAH Properties is owned by Mike Hernandez, owner and CEO of D&M Auto Leasing. The property was purchased for the purpose of relocating D&M Auto Leasing’s corporate headquarters to Fort Worth from Grand Prairie to occupy the second and third floors (20,000 square feet) of the 4-story office building located at the corner of Summit and W 7th in early 2019.

“We are very excited to expand our presence in Fort Worth by relocating our corporate headquarters into the heart of the city where many of our loyal customers call home,” said Mike Hernandez. “Fort Worth’s flourishing sense of community, combined with a highly skilled workforce, abundant labor pool and a pro-business attitude makes for an ideal location to deepen our roots and build on our 40 plus year history in the DFW Metroplex.”

D&M Auto Leasing is the largest, highest rated leasing company in the nation. Based in Tarrant County for 42 years, D&M is looking forward to moving its headquarters to downtown Fort Worth. D&M will bring over 100 employees to the area, including existing employees, as well as several new positions. D&M will continue to maintain offices in Dallas and Grand Prairie/Arlington while committing to the growing city of Fort Worth.

“We couldn’t be happier to partner with Mike and a great legacy family company like D&M,” commented Greg Bird with Anthracite. “Acquiring a building at the central gateway to downtown, W 7th District and future Panther Island development was a chance we didn’t want to pass up. It was the perfect opportunity for D&M to move their headquarters to Fort Worth and a smart investment.”

MAH Properties and D&M were represented by Todd Davenport and Tyler Baucom with SCC Development Company. Anthracite received advisory services from Cody Baker and Clint Corn with Maize Partners, LLC. The building ownership group was represented by Todd Burnette and Cannon Camp at JLL on the building sale.

The off-market transaction was made possible by Whitley Penn’s move to Frost Tower Fort Worth.

“The sale of this property, timed with our move, gives us a great opportunity to re-energize our work environment for our team,” said Larry Autrey, Managing Partner, Whitley Penn. “Since we built 1400 W 7th as our headquarters over 11 years ago, our firm is now five times as large as when we originally occupied the building. With the efforts of JLL’s team, we were able to identify a solution that accomplished all of our objectives.”

“We are thrilled to find such great partners that helped simplify an otherwise complex lease and disposition negotiation into a win-win-win situation for all parties,” said Burnette. “Our collective efforts will strengthen and diversify the Fort Worth business community by welcoming and retaining these two great companies to the downtown market.”
The fourth floor (10,500 square feet) is available for lease, with ability to occupy in early 2019. “The location offers prominent visibility and building recognition, as well as quick access to highways and major thoroughfares. Abundant surface and covered parking ratio and a well-designed, efficient floorplate is driving considerable interest in leasing the space,” says Tyler Maner with Stream.
Compass Bank will continue to occupy the first floor and provide retail and motor bank services to its customers. Compass Bank provided financing for the acquisition.

About D&M Auto Leasing
D&M was established in 1976 by Don Davis and David Moritz, two Dallas area automobile dealers. Mike Hernandez started with the company in 1984, took over as President in 1990, and bought out partners Davis and Moritz in 2005. The majority of D&M’s revenue is accredited to repeat and referred customers due to top notch customer service and offering the best possible lease deals. D&M agents take the time to get to know each and every one of their clients in order to find the perfect vehicle and lease to fit their unique wants and needs. Visit www.dmautoleasing.com.

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