Darrin Coles, CCIM, TACS

Darrin Coles, CCIM, TACS CCIM, Commercial Realtor®
TACS, Coldwell Banker Realty
Pegasus Property Group
DFW Metroplex DARRIN R. Before entering commercial real estate, Darrin founded D.R.

COLES, CCIM, TACS
Executive Vice President | Pegasus Property Group Coldwell Banker Commercial Realty


Darrin Coles was born in Longview, Texas, and grew up in North Texas, Southern Oklahoma and Southwest Missouri. He graduated cm laude from Kemper Military College in 1993 and later attended the Sorrell College of Business at Troy State University. Darrin is a United States Army veteran who served as a military police officer during four overseas deployments. His extensive leadership and business background also includes 12 years as a general manager with Cracker Barrel, where he received the prestigious Uncle Herschel Award; three years as Chief Operating Officer of D&D Entertainment, which provided performers for AMResorts throughout Mexico and the Caribbean; and three years as a financial representative with Modern Woodmen of America. Coles LLC to help small-business owners improve their marketing, branding, financial performance, operational systems, and overall profitability. Today, Darrin serves as Executive Vice President of Pegasus Property Group with Coldwell Banker Commercial Realty. Pegasus Property Group was the highest-producing commercial real estate team for Coldwell Banker Commercial Realty in Texas for 2020, 2021, 2022, 2023, 2024, 2025, and 2026—with 2027 TBD. Darrin specializes in commercial and industrial sales, leasing, investment analysis, site selection, and business-location strategy throughout North Texas. He works closely with business owners, investors, landlords, tenants, and developers to evaluate properties, understand financial and operational requirements, and identify real estate solutions that support long-term growth. His approach is based on listening, analyzing, educating, and guiding. Rather than simply completing transactions, Darrin helps clients understand their options, recognize potential risks, and make informed commercial real estate decisions. Darrin’s combination of military leadership, business operations, financial analysis, marketing experience, and commercial real estate expertise allows him to evaluate opportunities from both an ownership and operational perspective. Whether you are looking to buy, sell, lease, invest, or develop commercial real estate, Darrin brings the experience, discipline, and analytical expertise needed to help you move forward with confidence. SPECIALTIES
Commercial and Industrial Sales and Leasing
Investment and Financial Analysis
Site Selection and Location Strategy
Land and Development Opportunities
Owner and Tenant Representation
Business Expansion and Relocation


PROFESSIONAL DESIGNATIONS AND LICENSES
Certified Commercial Investment Member (CCIM)
Texas Accredited Commercial Specialist (TACS)
REALTOR®, National Association of REALTORS®
Texas Real Estate Commission Sales Agent — License No. 0755167
FAA-Certified Remote Pilot

PROFESSIONAL AFFILIATIONS
The CCIM Institute
North Texas CCIM Chapter North Texas
Commercial Association of REALTORS®
Texas REALTORS®
National Association of REALTORS®

AWARDS AND RECOGNITION
2024 Coldwell Banker Commercial Worldwide Win Together Award
2025 Coldwell Banker Commercial 1906 Club Inductee
2025 Coldwell Banker International President’s Elite Award
2024,2025,2026 Crexi Platinum Award for Industrial and Office Leasing

Facebook: https://www.facebook.com/DarrinColesRealtor

For Speaking Engagements Call 214.460.2849

A rent increase prompted a furniture and cabinet manufacturer to ask a bigger question: Would owning a building make mor...
09/24/2026

A rent increase prompted a furniture and cabinet manufacturer to ask a bigger question: Would owning a building make more sense than continuing to lease?

Our Pegasus Property Group team helped the company purchase a 50,000+ SF property on approximately 2.9 acres at 2400 Tabor Parkway in Kaufman. Finding the building was one part of the work. We also coordinated with the City of Kaufman on approvals for the buyer’s manufacturing and retail operations, worked with the Kaufman Economic Development Corporation on assistance for property improvements, and connected the buyer with financing through our CCIM network.

The buyer secured a 25-year fixed loan at 3% before interest rates rose. What began as a response to higher rent became an opportunity to own a property suited to the company’s growth.

This was a team effort with Peg Pannell Smith, CCIM, and Cristie Coles. I’m grateful we could help the buyer take this step.

Darrin Coles, CCIM
Pegasus Property Group | Coldwell Banker Commercial Realty
469.794.6080

Texas is making its mark on the national growth map! Of America’s 40 fastest-growing cities, 15 are in Texas—and 9 are i...
09/24/2026

Texas is making its mark on the national growth map!

Of America’s 40 fastest-growing cities, 15 are in Texas—and 9 are in the DFW region. Celina leads the nation with 24.6% annual population growth, followed by strong showings from Princeton, Melissa, Anna, and other North Texas cities.

For businesses considering where to expand, these are markets worth watching. Take a look at our chart to see the full rankings.

Source: U.S. Census Bureau, population growth from July 2024 to July 2025 for cities with 20,000+ residents.

Darrin Coles, CCIM
Pegasus Property Group | Coldwell Banker Commercial Realty

Solutions Delivered: 3648 County Road 2132 — Greenville, TexasFrom expired listing to successful sale.This 9,600-square-...
09/17/2026

Solutions Delivered: 3648 County Road 2132 — Greenville, Texas

From expired listing to successful sale.

This 9,600-square-foot flex and industrial facility sits on four acres in the Greenville ETJ. Originally constructed in 2018 and most recently operated as a wedding and event venue, the property had previously been marketed by another brokerage without generating a successful offer.

Pegasus Property Group recognized that the property needed more than renewed advertising. It needed a new strategy.

Our approach included:

• Repositioning the property as flex and industrial space with event capabilities
• Expanding the potential buyer pool beyond traditional venue operators
• Reviewing the title, survey, easements, boundaries, and ETJ status
• Creating a refreshed offering memorandum supported by traffic and development data
• Highlighting the property’s proximity to I-30 and exposure to more than 35,000 vehicles per day
• Negotiating an owner-financed sale with flexible terms that worked for both parties

The result:

• Expired listing recovered
• Property successfully repositioned
• Owner-financed transaction negotiated
• Successful closing completed
• New ownership moving forward with an event-center concept

What began as a stagnant listing became a successful transaction through strategic positioning, hands-on negotiation, creative financing, and cooperation between the buyer and seller.

Challenging properties do not always need lower expectations. Sometimes, they need a better strategy.

Represented by:

Darrin Coles, CCIM
MaryCarmen Esteso
Pegasus Property Group
Coldwell Banker Commercial Realty

📞 469.794.6080
📧 [email protected]
🌐 www.pegasuspropertygroup.com

Five major commercial projects are reshaping DFW—and each could influence future residential demand.Kay Bailey Hutchison...
09/17/2026

Five major commercial projects are reshaping DFW—and each could influence future residential demand.

Kay Bailey Hutchison Convention Center redevelopment — Dallas

• Estimated investment of $3.1–$3.3 billion
• Expected to attract new hotels, restaurants, entertainment, apartments, and surrounding development
• Could increase activity in Downtown Dallas and nearby neighborhoods

Project information:
https://dallascityhall.com/government/citymanager/Documents/Council%20Materials/B.%20KBHCC%20Station%20Project%20Update%20-%20March%202026.pdf

Fields and Fields West — Frisco

• Part of a 2,545-acre master-planned development
• Located near PGA Frisco and Universal Kids Resort
• Will include retail, restaurants, offices, residences, and a luxury hotel
• Supports continued growth in Frisco, Prosper, Celina, and along the Dallas North Tollway

Project information:
https://frisco.city/article/frisco-fields-west-frisco-2026

The Mix — Frisco

• Approximately $3 billion redevelopment of the former Wade Park site
• Plans include offices, retail, restaurants, hotels, medical facilities, residences, and open space
• Creates another major employment and lifestyle destination along the Tollway

Project information:
https://communityimpact.com/dallas-fort-worth/frisco/development/2026/02/27/construction-on-3b-the-mix-development-in-frisco-hits-1-year-milestone/

DFW Airport Terminal F — Irving/Grapevine

• Approximately $1.6 billion expansion
• New 400,000-square-foot concourse with 15 gates and a Skylink station
• Supports corporate growth, logistics, hospitality, and new employment
• Benefits Irving, Grapevine, Coppell, Euless, Las Colinas, and the Mid-Cities

Project information:
https://www.dfwairport.com/construction/terminal-f/

Goldman Sachs NorthEnd campus — Dallas

• Approximately 800,000 square feet
• Designed to accommodate more than 5,000 employees
• Strengthens Dallas’s position as a major national financial center
• Could generate additional housing demand near Uptown, Victory Park, Oak Lawn, the Park Cities, and surrounding neighborhoods

Project information:
https://www.goldmansachs.com/pressroom/press-releases/2025/gs-unveils-fresh-look-inside-northend-campus

Commercial and residential real estate are directly connected.

Commercial development creates jobs. Jobs attract people. Population growth creates housing demand.

Understanding these projects helps real estate professionals anticipate where future relocation activity, housing demand, and investment opportunities may develop.

Darrin Coles, CCIM
Pegasus Property Group
469.794.6080
[email protected]
www.pegasuspropertygroup.com

DFW Development Watch — Week 2: DART Governance and the Future of Transit-Oriented DevelopmentThe May 2, 2026 DART elect...
09/10/2026

DFW Development Watch — Week 2: DART Governance and the Future of Transit-Oriented Development

The May 2, 2026 DART elections created uncertainty for transit-adjacent commercial real estate—but the final outcome was far less disruptive than initially feared.

Addison voted to remain in DART
University Park voted to remain in DART
Highland Park voted to withdraw
Plano, Irving, and Farmers Branch did not hold withdrawal elections

DART service in Highland Park ended May 14, including local bus stops, GoLink, and paratransit service. However, buses may continue traveling through the town without stopping. Service throughout the remaining DART system continues. DART election update

What does this mean for commercial real estate?

For now, the outcome largely preserves transit-oriented development assumptions across major station corridors in Plano, Irving, Farmers Branch, and Addison.

Investors and developers should continue monitoring:

• Long-term DART funding and governance
• Service frequency and reliability
• Parking requirements for transit-adjacent projects
• Walkability premiums around rail stations
• Future withdrawal efforts by member cities
• Regional transportation planning following the 2026 World Cup

Because Highland Park does not contain a DART rail station, its withdrawal creates a relatively limited direct impact on regional TOD underwriting. The larger takeaway is that transit governance remains an important risk factor for properties located within approximately one-half mile of DART stations.

Key Takeaway

The feared system-wide contraction did not occur. Transit-oriented projects in the region’s principal rail-served suburbs retained an important measure of stability—but prudent investors should continue evaluating both transit-supported and automobile-dependent scenarios.

SOLUTIONS DELIVERED: 93.17 ACRES | PARIS, TEXASPegasus Property Group is proud to share another successful client outcom...
09/10/2026

SOLUTIONS DELIVERED: 93.17 ACRES | PARIS, TEXAS

Pegasus Property Group is proud to share another successful client outcome!

Following the sale of our client’s equestrian and animal rescue facility in Anna, Texas, she was ready to expand her mission in a more rural setting with additional acreage and greater operational flexibility.

Led by Audra Stamp, our team helped identify and secure 93.17 acres on County Road 12650 in Lamar County through a carefully coordinated 1031 Exchange.

Throughout the transaction, we assisted with:

✅ Identifying a property suited for animal rehabilitation and agricultural use
✅ Coordinating with Doug Ruby’s 1031 Exchange Group
✅ Managing critical identification and closing timelines
✅ Reviewing the survey, agricultural exemptions, ETJ status, and property considerations
✅ Coordinating title and closing with Stone Title Company in Paris
✅ Supporting early planning for fencing, barns, paddocks, and future rescue facilities

📍 CR 12650, Paris, TX 75462
🌳 93.17 Acres
📅 Closed March 19, 2025
💰 Sales Price Not Disclosed
🐴 Future Animal Rescue and Rehabilitation Facility

This transaction was about much more than acquiring land—it was about helping our client continue and expand a meaningful mission.

Audra’s leadership, attention to detail, and thoughtful coordination helped create a smooth transition from the Anna property into a new home with the space and potential needed for the client’s long-term vision.

Congratulations to our client on this exciting new chapter!

Audra Stamp
Darrin Coles, CCIM
Pegasus Property Group
Coldwell Banker Commercial Realty

📞 469.794.6080
📧 [email protected]
🌐 www.pegasuspropertygroup.com

Solutions Delivered County Road 549, Nevada, TexasAfter nearly two years of searching, Cards Recycling secured the right...
09/03/2026

Solutions Delivered

County Road 549, Nevada, Texas

After nearly two years of searching, Cards Recycling secured the right location for its permanent North Texas truck-repair, recycling, and fleet-operations hub.

Most cities presented significant zoning challenges for this specialized use. Pegasus Property Group identified a 31.03-acre property in unincorporated Collin County, allowing the company to operate under county development requirements without restrictive municipal zoning.

Our team assisted with:

✅ Site identification and operational-use analysis
✅ County and ETJ verification
✅ Coordination with Collin County officials
✅ Environmental and engineering due diligence
✅ Contract negotiations and multiple feasibility extensions
✅ Survey, platting, and closing coordination

The result was a successful fee-simple acquisition that provides Cards Recycling with the space, accessibility, and flexibility needed to support its current operations and future growth throughout North Texas.

This opportunity was referred to us by a fellow Realtor in Northwest Arkansas, who received a 20% referral fee at closing. We value our referral partners and are always grateful for the trust they place in our team to care for their clients.

Specialized commercial transactions require patience, persistence, and an understanding of how to navigate county and municipal development requirements. This is exactly the type of challenge our team is built to handle.

Darrin Coles, CCIM
Pegasus Property Group
📞 469.794.6080
📧 [email protected]
🌐 www.pegasuspropertygroup.com

DFW Is Not Just Growing—It Is Reshaping Corporate AmericaThe second half of 2026 and first half of 2027 could become ano...
08/25/2026

DFW Is Not Just Growing—It Is Reshaping Corporate America

The second half of 2026 and first half of 2027 could become another defining period for the Dallas–Fort Worth economy.

Major corporations are relocating headquarters, consolidating operations, opening advanced facilities, and making long-term investments across North Texas.

Among the notable moves and expansions:

• Samsung Electronics America is relocating its U.S. headquarters from New Jersey to Plano by the end of 2026.

• Public Storage is moving its corporate headquarters from California to Frisco.

• Six Flags is relocating its corporate headquarters from Charlotte to Arlington by March 2027.

• KFC is consolidating corporate operations from Louisville into the Yum! Brands campus in Plano.

• Kopin Corporation is opening an advanced optics and photonics design center in Dallas by the end of 2026.

• ATLIX, an Italian industrial 3D-printer manufacturer, is establishing its U.S. headquarters and distribution center in Southlake.

• LITEON is planning an advanced manufacturing campus in McKinney representing an investment approaching $1 billion.

• Bank of America is preparing its new Dallas tower for approximately 1,000 employees in 2027.

These companies represent technology, finance, manufacturing, entertainment, logistics, consumer products, and advanced research. That diversity is important. DFW is not dependent on one industry—it is building an increasingly resilient economic ecosystem.

The companies are following the people.

According to the latest U.S. Census Bureau estimates, DFW added approximately 123,557 residents between July 2024 and July 2025—nearly 339 people every day. The region’s population reached approximately 8.48 million, making DFW one of the country’s largest and fastest-growing metropolitan areas.

Nearly 74,000 of that annual increase came through domestic and international migration.

Even more remarkable: three of the nation’s four fastest-growing cities with populations above 20,000 are in North Texas:

Celina — 24.6% annual growth
Princeton — 18.1% annual growth
Melissa — 14.5% annual growth

Why is this happening?

Taxes and business climate

Texas does not impose an individual state income tax. For executives, employees, entrepreneurs, and business owners relocating from higher-tax states, that can materially affect household economics. Texas does have property, sales, and franchise taxes, but the overall business climate remains highly competitive.

Talent attracts talent

DFW has a civilian labor force exceeding 4.3 million people, with approximately 75% of the population in its working-age demographic. Each major employer that relocates here attracts additional professionals—and those professionals, in turn, make the region more attractive to the next company.

Talent attracts companies. Companies attract more talent. The cycle compounds.

Location, infrastructure, and the ability to scale

DFW sits near the center of the country, offers global access through DFW International Airport, and connects companies to major highways, rail systems, distribution networks, and rapidly developing communities.

The region also offers something increasingly difficult to find in coastal markets: room to grow. Companies can choose from urban office towers, corporate campuses, manufacturing facilities, distribution centers, and development-ready land—all within one interconnected economy.

This growth will create tremendous opportunities, but it will also bring challenges. Housing, transportation, schools, water, utilities, and infrastructure will all need to keep pace.

The question is no longer whether DFW will continue growing.

The real question is: Are our communities, businesses, and infrastructure prepared for what is coming next?

I would love to hear your thoughts. Is DFW becoming the new center of corporate America—or are we growing too quickly?

Darrin Coles, CCIM
Pegasus Property Group
Coldwell Banker Commercial Realty
469.794.6080
[email protected]
www.pegasuspropertygroup.com

Sources: U.S. Census Bureau population estimates, Dallas Regional Chamber economic momentum report, Six Flags headquarters announcement, and Yum! Brands relocation announcement.

Solutions Delivered: From Suds to Strategy10349 & 10351 Scyene Road | Dallas, TexasEvery property has potential when it ...
08/25/2026

Solutions Delivered: From Suds to Strategy

10349 & 10351 Scyene Road | Dallas, Texas

Every property has potential when it is approached with the right vision and strategy.

Pegasus Property Group represented a buyer in the acquisition of this dual-parcel commercial site on Scyene Road in Dallas. Formerly operated as a car wash, the property included approximately 0.77 acres and 1.28 acres zoned Commercial Service.

The buyer’s vision was to remove the aging car-wash improvements and reposition the site for future commercial development—potentially incorporating multi-tenant retail pads, flex space, or another income-producing concept.

Cristie Coles and Darrin Coles, CCIM, guided the transaction through:

• Feasibility and due-diligence management
• Survey, title, environmental, utility, and site-condition review
• Coordination with the buyer’s legal counsel
• Contract and earnest-money extension negotiations
• Market, comparable-sale, and traffic analysis
• Careful alignment with the buyer’s broader investment strategy

The seller, a former Disney Imagineer, brought a creative and design-focused perspective to the negotiations—something that immediately resonated with Cristie, a lifelong Disney fan. That personal connection helped establish trust while our team remained focused on protecting the buyer’s objectives and keeping the transaction moving forward.

The result: The buyer successfully acquired the property with plans to transform a former car wash into a new commercial investment opportunity.

This transaction reflects the balance every successful commercial real estate deal requires: technical precision, strategic analysis, disciplined ex*****on, and strong relationships.

That is what we mean by Solutions Delivered.

Cristie Coles
Darrin Coles, CCIM
Pegasus Property Group
Coldwell Banker Commercial Realty
469.794.6080
[email protected]
www.pegasuspropertygroup.com

Address

3211 Internet Boulevard Suite 150
Frisco, TX
75034

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