A development firm from Reno, Nevada — Dermody Properties Inc. — plans to get underway on a two-phase, 1.1 million-square-foot industrial hub in southern Dallas at Bonnie View Road and Telephone Road after acquiring 60.2 acres of land.
Category: North Texas Deals & Announcements
Trademark closes on WestBend tract; bringing Ascension Coffee to Cowtown
Dallas Business Journal Fort Worth-based developer Trademark Property Co. has formally closed on the acquisition of a 3.5-acre tract contiguous to its 278,000-square-foot WestBend mixed-use development along the Trinity River within Fort Worth’s University District.
MARCUS & MILLICHAP ARRANGES THE SALE OF A 23,038-SQUARE FOOT RETAIL PROPERTY
HUDSON OAKS, TEXAS, May 19, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of The Shops at Hudson Oaks, a 23,038-square foot retail property located in Hudson Oaks, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.
Philip Levy, Senior Director and Chris Gainey, Senior Associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a developer. The buyer, a private investor, was also secured by Mr. Levy and Mr. Gainey.
The Shops at Hudson Oaks is located at 100 South Oakridge Drive in Hudson Oaks, Texas. The subject property presents a prime opportunity to acquire a multi-tenant, net-leased property in the rapidly growing DFW suburb of Hudson Oaks, Texas. The 23,038-square foot retail center is 100 percent occupied with all triple-net leases. Anchored by Hibbett Sports, other tenants consist of Massage Envy, Great Clips, Palio’s Pizza Café, Blue Jasmine Thai restaurant, AT&T, Leslie’s Pools, Expert Nail & Spa and Providence Title. The building was constructed in 2014 and sits on 2.68 acres. A drive-thru Wells Fargo ATM provides additional income and is the only Wells Fargo facility in Parker County.
Houston developer shopping $1.3 billion Trinity Falls community in Collin County
A Houston firm that’s one of the largest developers of residential communities in Texas is in talks to buy a large project in Collin County.
Johnson Development Corp. – which has built more than a dozen communities in the Houston area – is negotiating to purchase the $1.3 billion, 1,700-acre Trinity Falls development located north of McKinney near U.S. Highway 75.
Read more at The Dallas Morning News.
California’s Jamba Juice to relocate headquarters to Hall Office Park in Frisco
Emeryville, California-based Jamba Inc. — which owns and franchises Jamba Juice stores — plans to relocate its headquarters to Frisco’s Hall Office Park, bringing more than 100 corporate jobs to North Texas.
Jamba has signed a lease for about 25,000 square feet of office space at 3001 Dallas Parkway in Hall Office Park, which will include about 19,000 square feet of office and meeting space, as well as a roughly 6,000-square-foot test kitchen and retail store front.
Click here to read the rest of this Article. [Dallas Business Journal]
The Fresh Market to shutter its four North Texas stores
Less than two months after announcing it would be purchased by New York private equity firm Apollo Global Management, The Fresh Market is shuttering its four North Texas stores.
In a news release issued Tuesday afternoon, the specialty grocer said it will plans to shut down all of its locations in Texas, Iowa, Missouri and Kansas, totaling 13 stores in all. The closures come after the company examined its organizational analysis, growth strategy and long-term financial analysis, it said in the release.
Click here to read the rest of this Article. [Dallas Business Journal]