JLL Capital Markets has closed the sale of a 19-building portfolio comprising 764,156 square feet of infill shallow-bay industrial space in the Dallas-Fort Worth area.

JLL marketed the property on behalf of the seller, MoxieBridge. Arden Logistics Parks, (ALP) a logistics real estate operating platform, acquired the asset on behalf of Arden Group and Arcapita.

The portfolio caters to a wide range of light industrial and big box users with suite sizes ranging from 4,600 to 75,000 square feet, clear heights ranging from 16 to 32 feet and 21% office finish. The portfolio’s 19 buildings are 96% leased to 29 diverse tenants with an average remaining lease term of 4.3 years.

The portfolio comprises:

15301-15232 Midway, Addison
1705 John Connally, Carrollton
3325-2442 Halifax, Dallas
712-740 West Mockingbird, Dallas
3138 Quebec, Dallas
4700 Alpha, Dallas
12400 Ford, Farmers Branch
3609 Marquis, Garland
902-910 Fountain, Grand Prairie
2120 Vanco, Irving
3301-3401 Innovative, Mesquite
555 S. Town East, Mesquite
206 S. Town East, Mesquite
545 Commerce, Southlake

These properties are widely dispersed across seven infill, established industrial submarkets, providing geographic diversification and proximity to significant demand travers and the area’s major transportation arteries. Additionally, the buildings can draw from a highly skilled labor pool, with the area leading the nation in both population and job growth over the last decade.

The JLL Capital Markets Investment Sales and Advisory team that represented the seller was led by Stephen Bailey, Dustin Volz, Dom Espinosa, Wells Waller, Pauli Kerr and Cole Sutter.

Dallas-based Hoque Global announced its newest property under development: the 270-acre University Hills project near the intersection of I-20 and Lancaster Road, and only a short drive from The University of North Texas at Dallas.

Collectively with the city of Dallas and other community stakeholders, Hoque Global plans to transform the undeveloped land into a large-scale mixed-use community. Surrounding a large town center, University Hills plans hundreds of single-family homes, 1,500 multifamily units, millions of square feet of commercial space, and more than 50 acres of green space.

According to a release, Hoque Global makes it a point to place a special focus on investing and developing in projects that benefit underserved communities. In adhering to this mission, this newest development plan in southern Dallas would not only be one of the first in the area, but also has the potential to encourage future growth, says Mike Hoque, CEO of Hoque Global. Click to read more at www.dmagazine.com.

American Landmark Apartments has acquired Broadway Chapter Apartments, a 242-unit apartment community located in the Near Southside submarket of Fort Worth.

Built in 2021 and located at 401 Hemphill Street, Broadway Chapter offers studios, lofts and one- and two-bedroom floorplans ranging from 547 to 1,195 square feet. Apartments feature stainless steel appliances, wood-style plank flooring, full-size washer and dryer, walk-in closets with custom shelving, oversized windows, a keyless fob entry system, private balconies and 20-foot ceilings in lofts. This work-friendly community also provides a wide range of amenities, including a resident lounge with a coffee bar, library, Zoom room, fitness center with pelotons, infinity-edge pool with in-pool loungers, sun deck and fire pit.

Along with being situated in Fort Worth’s Southside Medical hub, the property is located between I-30 and I-35 and just a five-minute drive to Magnolia Avenue, where residents can find local restaurants, bars and breweries.

The Texas Rangers and The Cordish Companies announced today that Spark Coworking will anchor the southeast corner of Choctaw Stadium in the heart of the Arlington Entertainment District. The collaborative workspace, Spark Arlington, continues the momentum of nearly $1 billion of new development in the Entertainment District that includes the forthcoming Loews Arlington Hotel & Convention Center, National Medal of Honor Museum and the recently announced One Rangers Way luxury residential building which will break ground this fall.

“Spark Arlington will add another important component to the development of the Arlington Entertainment District—collaborative business enterprise,” said Texas Rangers Managing Partner and Majority Owner Ray Davis. “The addition of Spark Arlington also continues our pledge to make Choctaw Stadium a vital and fully productive facility in the District. I am pleased to join with our partners from the City of Arlington and The Cordish Companies in making this announcement today.”

Spark will become a central hub for local entrepreneurs, creators and innovators to locate and grow their businesses when it opens this winter. The coworking space will support Arlington’s growing entrepreneurial community, placing members within close proximity to neighboring businesses and amenities in the Entertainment District including Globe Life Field, AT&T Stadium, Texas Live!, Live! by Loews and the forthcoming Loews Arlington Hotel & Convention Center, National Medal of Honor Museum and One Rangers Way residences. Click to read more at www.prnewswire.com.

DALLAS–(BUSINESS WIRE)–Davidson Bogel Real Estate (DB2RE), a leading land brokerage firm based here, announced the sale of 55 acres in north Fort Worth.

HPI Real Estate Services & Investments (HPI), headquartered in Austin, Texas, acquired the property at the southeast corner of Bonds Ranch Road and Blue Mound Road. HPI’s plans include:

Approximately 636 multifamily rental units.
Approximately 193 single-family rental units with attached garages and yards.
Amenities will include clubhouses, resort-style pools, pickleball courts, and walking trails.
“We are focused on growing our North Texas portfolio as it is one of the strongest real estate markets in the country,” said Tim Shaughnessy, President of HPI Multifamily. “Strong employment and population growth in the Alliance Corridor has created a demand for high-quality rental housing. We look forward to breaking ground in early 2023 and residents moving into both our apartments and single-family homes the following year.”

Collins Meier, Ryan Turner, David Davidson Jr., and Edward Bogel of Davidson & Bogel Real Estate brokered the transaction. Click to read more at www.fortworthreport.org.