Nexus Laboratories, LLC d/b/a French Quarter Bistro LLC leased 4,098 square feet at 6505 West Park Blvd. In Dallas, Texas. Richard Maloof represented the landlord, Hartman Income REIT.

GREA, specializing in serving private to institutional multifamily real estate investors, announces the sale of Luna Blanca, a 161-unit apartment community located at 3706 W. 8th St. in Dallas.

Dallas markets are still among the most active for multifamily real estate investments. Over the past four quarters, the DFW Metroplex saw $29.2 billion in total volume, accounting for 7.8% of the U.S. total.

Mark Allen, Executive Managing Director of GREA, procured the buyer and represented the seller. The asset was sold to an out-of-state private investment group that plans to invest significant capital to improve the property.

“North Oak Cliff needs continued investment into the residential sector. Ten years ago, most people would not want to step foot into Luna Blanca and the surrounding neighborhood”, said Allen. “It’s great to see the property trade hands to receive a thorough renovation, to implement a new and eager management team, and to provide safe, affordable housing for its residents.”

Spirit Threads, LLC leased 11,876 square feet at 651 North Plano Road in Dallas, Texas. Scott Knowles, an individual broker, represented the tenant and Lynna Smith represented the landlord, Hartman Income REIT.

JLL Capital Markets has closed the sale of a 1,252-unit self-storage facility at 2500 Lone Star Dr. in Dallas.

JLL represented the seller, CSW Development out of Austin, Texas, and procured the buyer, Madison Capital.

The property, which will be rebranded under the Go Store It brand, offers 117,503 rentable square feet that is currently 50% occupied. The three-story, Class A facility is climate-controlled throughout and has a 24-hour video surveillance system. In addition to the storage space, the property has a 1,000-square-foot office and a bike storage area.

2500 Lone Star Dr. is located just west of downtown Dallas and directly off Interstate 30, providing visibility to more than 150,000 vehicles per day. The immediate area surrounding the property has witnessed an abundance of residential and commercial developments in the last few years bringing the population within a three-mile radius to 130,607 residents. In addition, approximately 1,000 additional multifamily units are planned for delivery within the near future.

The JLL Capital Markets Investment Sales and Advisory team that represented the seller was led by Managing Directors Brian Somoza and Steve Mellon, Directors Matthew Wheeler and Adam Roossien and Analyst Jake Kinnear.

“Self-storage continues to draw a tremendous amount of investor interest, particular in the thriving Dallas Fort Worth metro, which has seen a population increase of more than 20% from 2010 to 2020, outpacing the national average,” Mellon noted.

JLL Capital Markets announced today that it has closed the sale of Cold Creek Solutions Denton, a 374,560-square-foot Class A cold storage warehouse in Denton, Texas.

JLL represented the seller, Cold Creek Solutions, in the sale to an institutional buyer.

The recently completed building is approximately 50% leased to Southwest Warehouse Services. Cold Creek Solutions Denton features 45-foot clear heights for the warehouse space and a cold dock clear height of 28 feet, allowing for approximately 60,000 pallet positions, multi-tenanted space use and flexible temperature functionality. The project includes 53 dock positions with three ramps, 85 trailer parking spaces and 147 car parking spaces. The property consists of 306,240 square feet of freezer/cold storage, a 59,320-square-foot refrigerated dock and 9,000 square feet of office space.

Cold Creek Solutions Denton is positioned on approximately 23 acres at 6651 N Interstate 35 in the rapidly growing Denton Industrial submarket, which is in the northern part of the Dallas-Fort Worth MSA. The property sits adjacent to I-35, US-77, US-380 and Loop 288 providing excellent access to major U.S. east-west and north-south thoroughfares. As a result, the property has convenient access to some of the fastest growing parts of the DFW metroplex, including Frisco, McKinney, Allen and Prosper to the north and Alliance Airport and north Fort Worth to the west.

The JLL Capital Markets Industrial team representing the seller was led by Senior Managing Directors Dustin Volz and Stephen Bailey, Director Dom Espinosa, Associate Wells Waller and Analyst Cole Sutter.

A groundbreaking ceremony was held Wednesday for the newest Huffines Signature Community™, Solterra, in Mesquite. Developer Huffines Communities commemorated the project milestone with Mesquite Mayor Bruce Archer, members of the Mesquite City Council and many others from the real estate and builder community, celebrating the largest development in the city’s history, with 3,900 new homes and 300 townhomes on 1,530 acres upon project completion. Solterra is expected to have a tax value of more than $1.6 billion with the first phase of development delivering 787 lots in the fourth quarter of 2022.

Located just 11 miles from the Dallas central business district, new homes in this community will start from $280,000 and range up to the high $500,000s, averaging 1,200 – 6,000-square-feet. Huffines Communities has taken care to protect the property’s legacy with 560 acres of open space, preserving pecan groves, orchards and pastures that were a part of the original Lucas Farms. The farm famously provided fresh meats and produce for Lucas B&B Café, the Fathion P. Lucas family restaurant which opened in downtown Dallas in 1911. The family purchased the property to supply the restaurant with farm fresh food, thus being one of the first farm-to-market restaurants.

“We are celebrating the building of homes and the building of relationships with Huffines Communities and others,” said Mayor Archer. “These houses will be a place for families to live and create relationships in the Mesquite community with new neighbors and new friends for generations.”

“We’re thrilled to celebrate this groundbreaking in a market still seeing massive growth,” said Phillip Huffines, co-owner at Huffines Communities. “We have worked with the City of Mesquite and other leaders on public/private partnership efforts for several years to bring this dream to fruition, marking one of our largest projects to date. Everyone involved has worked hard to develop a sustainable, one-of-kind community experience and lifestyle complete with over-the-top outdoor amenities and economic benefits for the city.”

Like other Huffines’ Signature Communities, Solterra features an abundance of first-class amenities with a grand entryway greeting visitors entering the community. In fact, the team from HGTV’s popular Treehouse Masters show will design and construct a special treehouse park just for the community from Nelson Treehouse.

Huffines Communities took care to protect and restore the site’s pecan groves, orchards and pasture areas and features a promenade park located in the median. Fun amenities were added for the children and families, including a fishing hut called “The Catfish Hole,” where kids and adults can feed fish in a covered enclosed space, rain or shine, and fish from the wraparound deck directly over the community’s new 30-acre lake. Residents can also enjoy swimming, kayaking and paddle boarding in the community lake. Countless other amenities abound such as community playgrounds, a large dog park, beer garden, food truck park, event lawn and space for a craft fair/farmer market esplanade.

The community’s resort-style pool complex will include an adult pool, an Olympic-sized lap pool, a pool with slides, a kid’s pool with splash pads and a large sand beach with direct access to the lake complete with 14 miles of bike and hiking trails that connect to the regional trail system. A grand amenity center includes a coffee shop, communal gathering rooms with lounge seating and TVs and offices with covered balconies and direct access to the pools and fitness center. The world-class fitness facility spans more than 4,000 square feet and will have state-of-the-art equipment, including cardio machines, weight training, aerobics rooms, bathrooms and locker space. Solterra also has plans for a restaurant within the amenity complex where families inside and outside the community can gather.

Thirteen prominent home builders are under contract and will start building their first homes during spring 2023. Builders in the first phase are: Cadence, CastleRock, Chesmar, David Weekley, FirstTexas, Gehan, Highland, HistoryMaker, Impression, MHI, Lennar, Shaddock and TriPointe Homes.

Solterra is located on Cartwright Road, just 2 miles east of Interstate 635. The development is within immediate proximity to three elementary schools, two middle schools, and two high schools either on-site or on Solterra’s borders. Vanguard High School, Mesquite’s first “choice” high school, has opened for the 2021-2022 school year.

Huffines Communities has engaged LJA Engineers to design and plan the new community.

Huffines Communities has nine active communities under development in the North Texas region and most of the homes in these communities start in the $300,000s-$800,000s. Each community is thoughtfully designed to facilitate interaction amongst neighbors and connect people within the neighborhood.