With net-lease properties in continued high demand, a California-based family trust has sold the Luv’Em & Leave’Em Professional Learning Center in southeast Arlington, Texas to a 1031 exchange buyer in an all-cash transaction. The purpose-built daycare center, totaling 5,040 square feet, was developed in 1984 on 0.63 acres at 1235 W. Sublett Road. Shane Benner, vice president in the Fort Worth office of Dallas-based Bradford Commercial Real Estate Services, represented the seller, Sublett Holdings LLC. “There is more demand than supply right now for net-lease investments,” Benner said. “We had people still reaching out even after we were under contract.” The in-place tenant has more than eight years remaining on the lease, an investment opportunity that caught the eye of at least a dozen investors. The winning offer was placed by P&E Groot Family Trust, which was represented by David Newton of Lee & Associates. “It was a straight-forward, triple-net-lease deal that closed in 43 days,” Benner said. In a recently released Q3 report, Dallas-Fort Worth was ranked second in the nation for net-lease sales. DFW’s transactional volume topped $670 million during the quarter. “We are seeing continued interest from out-of-state buyers who like the DFW economic story,” Benner said. “A single-tenant, net-leased property with minimal landlord responsibility in DFW/Arlington is very attractive.” The just-sold asset is tucked into an established neighborhood of single- and multifamily units near South Cooper Street, one of the city’s longest and strongest stretches of retail with a daily traffic count of nearly 42,000 vehicles. The Luv’Em and Leave’Em daycare abuts Polycrest Shopping Center, home to Pizza Hut, Splendid China, Subway and several office tenants. The daycare facility is marking its 37th year of continuous operation. The current provider, Luv’Em & Leave’Em Professional Learning Center, leased the site in 2019. The credit-worthy tenant provides education-based services for infants and children up to five years old.

JLL’s capital markets team has arranged financing for Hidden Lakes and The Ranch at Fossil Creek, apartment communities totaling 586 units in the Fort Worth-area community of Haltom City, Texas. JLL worked on behalf of the borrower, Exponential Property Group, to secure the five-year, fixed-rate loans with Global Atlantic Financial Group. Hidden Lakes features 312 units within 13 residential buildings spread over a 17.8-acre site. Floorplans are available in one-, two- and three-bedroom layouts with an average unit size of 928 square feet. The 94-percent-occupied property offers community amenities, including a clubhouse, game room, fitness center, business center, swimming pool, sand volleyball, lighted basketball court, outdoor fireplace and kitchen, picnic area and a variety of covered parking/detached garage options. Completed in 2002, The Ranch at Fossil Creek offers 274 units within 13 residential buildings on a 17.5-acre site. The 92-percent-leased community offers one-, two- and three-bedroom unit options with an average unit size of 950 square feet. Similar to Hidden Lakes, The Ranch at Fossil Creek features a variety of community amenities, including a clubhouse, business center, lounge area, billiard table, shuffleboard table, fitness center, swimming pool, lighted sports court, a play area and laundry center. Located at 5333 and 5350 Fossil Creek Boulevard, both properties are positioned in northeastern Fort Worth. This location is proximate to Interstates 820 and 35 West providing connectivity to Fort Worth’s central business district, DFW International Airport and numerous employment hubs, including NAS Joint Reserve Base, the Fort Worth Medical District and AllianceTexas, among others. “We are excited to get to work for our investors and our new residents on these properties and add them to the Exponential family,” said Exponential Property Group founder, Kim Radker Bays. “We are happy to have worked on this project with the teams at Global Atlantic and JLL.” The JLL capital markets team representing the borrower was led by Jeremy Sain and Brooks Burgin.

StreetLights Residential’s newest luxury multifamily community, The Jackson, is now open. Located at 4101 Viridian Village Drive in Arlington, Texas, the recently opened four-story community offers 340 apartment homes ranging from studios to three bedrooms and is the first multifamily development at the master-planned Viridian development. StreetLights is a national design-driven developer of multifamily and mixed-use communities based in Dallas, and this is its first project in Arlington which is part of the Viridian development, a master-planned community situated amongst lavish landscaping and quality architecture with easy access to lakes, trails and events to inspire community involvement. “With the rapid pace of growth in Arlington including its increasing reputation as an entertainment destination, we’ve seen more demand for quality and boutique-style living like what you’ll find with our newly opened project, The Jackson,” said StreetLights vice president of development, Greg Coutant. The Jackson has several floorplans, ranging from 588 to 1,671 square feet. Each apartment home offers beautifully designed interior schemes including granite countertops, tile backsplashes, deep pots and pan drawers, custom flooring, dine-in island seating, urban mudrooms, custom cabinetry including a pull-out trash drawer, spa inspired bathrooms, oversized walk-in closets, energy efficient washer and dryer and Sonos One smart speakers. Select units in The Jackson also offer oversized outdoor living spaces and screened porches, as well as a smart home package with an induction cooktop island. One of the highlights of The Jackson is its location within Viridian, giving residents access to over 500+ acres of lakes, rivers and wetlands, as well as extensive jogging and hiking trails to explore. It is also located just minutes from the newly developed Texas Live!, Globe Life Park & AT&T Stadium. Residents can also enjoy an expansive pool deck with lounge and entertaining space. The Jackson’s interior amenity spaces create an inviting, comfortable environment for the community to gather, with access to a variety of amenities including a lounge with co-working spaces, a creative Makers kitchen, lounge and creative lab, a residents’ coffee bar, a full fitness center with flex room for yoga and spin & The Mirror, a pet spa, bike repair station and electric car charging stations. Leasing and amenity spaces were designed by Ink + Oro. StreetLights Creative Studio was the designer for the units. Architecture for The Jackson was designed by WDG Architecture, and SLR Construction, LLC, is the general contractor. Gables Residential is the property manager.