Avison Young completed the sale of Midway Office Park, a 53,673-square-foot office building at 14665 Midway Road in Addison, Texas.

Avison Young Senior Vice Presidents Bruce Butler, Susan Gwin Burks, and John Bowles represented the seller, Midway Office Park LLC. The buyer, Urban Infraconstruction, was represented by Taylor Stell, Principal at Lee & Associates.

Urban Infraconstruction is a Texas-based, full service certified general contractor specializing in civil construction. The firm will use the property to expand within the building, which was approximately 60% vacant at the time of closing, and plans to continue to lease space to some of the existing tenants as well.

Situated on 2.75 acres, the two-story, Class B office property was built in 1977 and was renovated in 1998. It is located within the highly coveted Quorum/Bent Tree submarket. The asset is surrounded by numerous amenities including restaurants, coffees shops, retail and hotels. It is near Interstate 635 to the south, the Dallas North Tollway on the east and State Highway 190 to the north and is near Addison Airport, Dallas Love Field and DFW International Airport.

The Addison submarket is one of the most amenitized commercial concentrations in the metroplex. AMLI, a large national multifamily developer, is boosting the growth and amenities in the immediate area with a new $220 million mixed-use development called the Treehouse. This project wraps Midway Office Park and includes town houses, apartments, and retail.

Anthem Development broke ground on the “Premier” at Dallas Midtown, a 296-unit luxury mixed-use project at the southwest corner of Dilbeck and Preston Road in Dallas.

Anthem is partnering with PLT America, a subsidiary of Prime Life Technologies Corporation, which is a joint venture of Toyota Motor Corporation and Panasonic Holdings Corporation, as well as Beck Ventures for equity on the first phase of this Dallas International District project.

The Premier will be completed as a six-story 296-unit asset with 13,500 square feet of ground floor retail, strategically located at by Preston Road and LBJ Freeway, just across from the T Bar M Tennis Club. Residents will be situated perfectly in the population density center of Dallas, equally able to commute between 635, I-45, and the Dallas North Tollway. The community’s strategic location also ensures convenient commutes to major employment areas throughout the Dallas-Fort Worth metroplex. The Premier is scheduled to open in 2027.

The project will be financed by NexBank, designed by Cross Architects, and constructed by Anthem Commercial Construction, a vertical subsidiary of Anthem Development. XIB Capital Partners and Nova Capital helped secure the equity and financing, respectively.