As reported earlier, former Fort Worth Police Chief Ed Kraus has been named the new president and CEO of Sundance Square, replacing Sasha Bass, who had led the 37-block downtown commercial district since 2019.
But there are some other changes related to Sundance Square. Paul Rietema has been appointed president and CEO of Fine Line, the family office of Sasha and Edward P. Bass. Rietema has been general counsel at Fine Line for seven years.
Rietema holds a bachelor’s degree in economics and philosophy from Calvin University and earned his law degree from Harvard Law School.
More leadership news
FirstCash, the parent company of Cash America pawnshops, has announced a leadership transition that will change some duties for T. Brent Stuart, current president and chief operating officer. Stuart will remain as president and become CEO on Jan. 1, 2027, while longtime CEO Rick L. Wessel transitions to executive chairman of the board of directors.
The Fort Worth-based company also appointed Stuart to its board of directors.
Wessel has led FirstCash as CEO since Nov. 2006 and has served on the board since 1992. During his tenure, he oversaw the company’s 2016 merger with Cash America, creating the largest pawn operator in the United States while directing expansion across Latin America and, more recently, the United Kingdom. Currently, FirstCash operates more than 3,300 locations globally, generates annualized revenue exceeding $4 billion and has an approximate market capitalization of $10 billion.
Electric avenue
CBRE announced the sale of two newly built industrial buildings totaling 102,211 square feet. The properties, located at 5812 North Freeway in Fort Worth and 1805 Justin Road in Flower Mound, are both fully leased to Tesla Inc.
The Fort Worth property is a 50,840-square-foot service-oriented industrial building completed in 2024. The building serves as Tesla’s only service center in Fort Worth and includes showroom, service and delivery space.
The Flower Mound property is also a service-oriented industrial building and is 51,371 square feet. It was completed in 2025, in Denton County. The facility serves as Tesla’s sole location in the county and supports service and customer operations in one of the region’s fastest-growing submarkets.
Cold shot for August
Fort Worth’s HTeaO, the nation’s leading iced-tea franchise, added 10 new stores in the second quarter of 2026 and continues to be one of the fastest-growing concepts in the beverage franchise space.
Nine of the company’s 10 new locations opened during that period were in Texas, with one additional store in equally parched Oklahoma. One of the new Texas stores is in Arlington, at 5297 S. Cooper St.
The quarter also brought national recognition for HTeaO’s continued expansion and performance. The brand earned a spot on the 2026 Inc. 5000 list of America’s fastest-growing private companies and was ranked No. 69 on Fast Casual’s Top 100 Movers & Shakers, underscoring HTeaO’s growing influence across the franchise, restaurant and beverage industries.
Southlake sale
Woodside Health, an Ohio-based private equity firm specializing in healthcare real estate, has completed the sale of Cornerstone Plaza, a medical and retail property in Southlake.
On the purchasing side, JLL announced that it has secured the financing of Cornerstone Plaza, representing the new owner, Brownlee Waggoner Holdings. The lender was Hillcrest Bank.
Picture this
Three North Texas film commissions are joining forces next month to host their first regional film-friendly mixer, aimed at bringing together filmmakers, industry professionals and city representatives from the area.
The Dallas Film Commission, Fort Worth Film Commission and Arlington, Texas Film Commission will cohost the networking event Aug. 12 from 6:30 to 8:30 p.m. at the PBR Texas bar at Texas Live!, the arena and stadium in Arlington. Organizers say the mixer will highlight growing opportunities for film production in the region.
Attendees will be able to meet with industry members as well as representatives from the three area film commissions and the Texas Film Commission. Film-friendly liaisons from communities across North Texas will also be on hand to answer questions about locations, permitting and other production resources.
Admission is open to anyone interested in learning more about filming in North Texas, though an RSVP is required to attend.
Do you have news for Bob on Business? Email business editor Bob Francis at bob.francis@fortworthreport.org.
News decisions are made independently of our board members and financial supporters. Read more about our editorial independence policy here.
This <a target=”_blank” href=”https://fortworthreport.org/2026/07/26/bob-on-business-more-changes-at-sundance-square/”>article</a> first appeared on <a target=”_blank” href=”https://fortworthreport.org”>Fort Worth Report</a> and is republished here under a <a target=”_blank” href=”https://creativecommons.org/licenses/by-nd/4.0/”>Creative Commons Attribution-NoDerivatives 4.0 International License</a>.<img src=”https://i0.wp.com/fortworthreport.org/wp-content/uploads/2021/04/cropped-favicon.png?resize=150%2C150&ssl=1″ style=”width:1em;height:1em;margin-left:10px;”>
<img id=”republication-tracker-tool-source” src=”https://fortworthreport.org/?republication-pixel=true&post=690506&ga4=2820184429″ style=”width:1px;height:1px;”><script> PARSELY = { autotrack: false, onload: function() { PARSELY.beacon.trackPageView({ url: “https://fortworthreport.org/2026/07/26/bob-on-business-more-changes-at-sundance-square/”, urlref: window.location.href }); } } </script> <script id=”parsely-cfg” src=”//cdn.parsely.com/keys/fortworthreport.org/p.js”></script>