Author: Jordan Jensen

Field Commercial Real Estate debuts to serve Southlake, Grapevine, Keller and Tarrant County

Posted on by Jordan Jensen

Field Commercial Real Estate has officially launched to serve Southlake, Grapevine, Keller, and the greater East Tarrant County market.

Founded by Phillip Maxwell, an experienced commercial real estate executive and former Global Director of Flexible Workspace, with more than 15 years in leadership, sales, and brokerage, Field CRE is built on a simple conviction: the fundamentals still matter.

Field CRE represents landlords, tenants, investors, and developers across office, industrial, flex, retail, medical, and land assets. The firm blends local presence with modern systems, delivering brokerage that is efficient, grounded, and focused on execution that matters.

Another unique value proposition at Field is its focus on recruiting and mentorship. The firm’s model is designed for professionals who want to build careers defined by accountability and growth. Field CRE offers hands-on development, practical systems, and leadership grounded in experience — built on the idea that the best work doesn’t come from trying to perfect the craft, but from showing up as real people. When there’s honesty and connection, the work naturally has purpose.

Hyde Griffith to lead Houston healthcare efforts at JE Dunn Construction

Posted on by Jordan Jensen

JE Dunn Construction is excited to announce Hyde Griffith, previously the Houston Office leader, will now focus on healthcare efforts in the region. With decades of executive experience and a proven track record, Griffith will advance JE Dunn’s healthcare program and strengthen the firm’s expertise in Houston’s growing life-science sector—including complex lab, biocontainment, vivarium, and biopharma facilities.

Marshall Frey appointed to Houston office leader at JE Dunn Construction

Posted on by Jordan Jensen

JE Dunn Construction is proud to announce Marshall Frey as the new leader of the company’s Houston Office. With more than 14 years of experience across the industry, Frey brings a strong blend of expertise, leadership, and local insight into the role. Since joining JE Dunn three years ago, he has served as Project Director and Vice President for the company’s South Central Aviation efforts, where he led aviation strategy and major projects for airports and carriers throughout Texas and Oklahoma. Beyond aviation, his career includes work in infrastructure, education, utilities, and complex building, giving him a broad perspective that supports operational excellence and continued growth. A Houston resident since 2013, Frey is personally invested in the region’s success and committed to advancing JE Dunn’s impact through collaboration with clients, partners, and community stakeholders across Houston.

Marcus & Millichap brokers sale of 24-unit retail center in Dallas

Posted on by Jordan Jensen

Marcus & Millichap closed the sale of Abrams Forest Shopping Center, a 24-unit retail strip in Dallas, Texas. 

Philip Levy, investment specialist in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both local Dallas-Fort Worth developers. 

Abrams Forest Shopping Center, built in 1971, comprises two adjacent multi-tenant buildings totaling 69,820 square feet, along with a separately parceled 13,013-square-foot, single-tenant building ground leased to CVS. The 7.77-acre property is shadow-anchored by a Walmart Supercenter that sees over 2.3 million annual visits. The center is 61 percent occupied with all tenants on triple-net leases and includes a mix of national and local retailers including Dollar Tree, AutoZone and T-Mobile. 

JLL Capital Markets provides $1.2 billion refinaning package for regional shopping center in Dallas

Posted on by Jordan Jensen

 JLL’s Capital Markets Group arranged a $1.2 billion refinancing package for NorthPark Center, a Class A++ super-regional shopping center in Dallas, Texas.

JLL represented the borrower, NorthPark Management Company, owned and controlled by the Nasher/Haemisegger family, in securing a $1.2 billion loan led by Wells Fargo, with Morgan Stanley and Goldman Sachs. The new financing will retire the existing mortgage, with all excess proceeds used to redeem the equity interests in the property and return full ownership back to the family.

Celebrating its 60th anniversary this year, NorthPark Center was originally developed in 1965 and has undergone continuous improvements and expansion. The 1.9 million-square-foot shopping, dining and cultural destination features more than 190 tenants, 75 of which are market exclusives. Major anchors include Neiman Marcus, Nordstrom, Macy’s, Dillard’s, Eataly and a 15-screen AMC theater. The center boasts an exceptional 98.6% occupancy rate and is recognized as one of the top five shopping destinations in the United States.

NorthPark Center is strategically located at the intersection of Northwest Hwy and US-75 in Dallas, providing exceptional accessibility and visibility, drawing visitors from throughout both the Dallas-Fort Worth metroplex and internationally. The center benefits from its proximity to affluent neighborhoods including Highland Park, University Park and Preston Hollow, as well as major employment in the Dallas market.

NorthPark’s collection of internationally acclaimed 20th and 21st century art turns shopping and dining into a world-class cultural experience. Comprised of over 50 works from the Nancy A. Nasher and David J. Haemisegger Collection and many works on loan from the Nasher Sculpture Center, as well as other museums and institutions. NorthPark’s rotating collection makes museum-quality art accessible to all. The shopping center’s public art program also presents exhibitions throughout the year from partnering artists, museums, universities, galleries and institutions.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Managing Director Timothy Joyce, Executive Managing Director Trey Morsbach and Director Matt Maksymec.

Adolfson & Peterson begins construction on latest phase of adaptive reuse project at Dallas’ Santander Tower

Posted on by Jordan Jensen

Adolfson & Peterson Construction (AP), a national, family-owned construction management and contracting company, started construction on phase two of Pacific Elm Properties’ multifamily adaptive reuse project at the iconic 50-story Santander Tower in Downtown Dallas. Located at 1601 Elm St., Santander Tower is in the heart of the Dallas Central Business District.

Phase two of Peridot Residences will add five floors and 105 one- and two-bedroom residences within this integrated mixed-use development. Upon completion, residents will experience the Peridot lifestyle of redefined urban living and working.

AP completed phase one of the project in October 2024, converting a total of 14 floors into 291 apartment units and amenity spaces. Pacific Elm, in collaboration with Mintwood Real Estate, redeveloped Peridot Residences from former office space into luxury multifamily housing.

Resident amenities include a swimming pool, dog park, fitness center, pickleball court and Pilates studio. The building also contains meeting rooms and lounges for community gatherings and events.

Pacific Elm, in collaboration with Mintwood Real Estate, WDG Architecture and Swoon the Studio among other consultants, has successfully created a true vertical mixed-use development with on-site dining options, a boutique hotel and luxury residences within one tower.

This project contributes to the current adaptive reuse trend across the country. Former non-residential buildings were converted into apartments at a rapid pace, with more than 12,700 units created, up 17.6% from 2022, according to rentcafe.com. According to the National Apartment Association, 55,000 adaptive reuse projects were noted, with the top cities being Dallas, Washington, D.C. and New York, among others, at the end of 2024.