JLL Capital Markets has closed the sale of Quail Park of Granbury, a 75-unit independent living, assisted living and memory care community in Granbury, Texas, a growing suburb of Dallas-Fort Worth.

JLL represented the seller, Living Care Lifestyles, in the sale to Lloyd Jones LLC. Lloyd Jones Senior Living will operate the community going forward, under the name AVIVA Granbury. The sales price was not disclosed.

The community is comprised of two buildings, one offering independent living (41 units) and assisted living (15 units) and one dedicated to memory care (19 units). The community was in excess of 95% occupancy at closing. Units feature faux hardwood floors, full-size kitchens in independent living units and private patios. Community amenities include landscaped courtyards, a large auditorium, a bistro, dining rooms, and a variety of lounges and gathering areas.

The property has a nearly 30-acre site along Paluxy Highway, 40 miles southwest of downtown Fort Worth. Of the 30 acres, approximately 20 acres is available for future development. This was appealing to the buyer, who has plans to develop the 20 acres in the future.

The City of Granbury has become a popular destination for retirees, offering residents a full living experience with access to numerous dining and retail options offered in the historic downtown. The 65+ population within a five-mile radius of the property constitutes more than 25% of the total population, outpacing the national rate of 17%.

The JLL Capital Markets team representing the seller was led by Managing Director Charles Bissell and Director Dean Ferris.

JLL Capital Markets has closed the sale of DFW Park 161 AMZL, a fully leased Class-A distribution center totaling 219,000 square feet at the Dallas-Fort Worth International Airport in Irving, Texas.

JLL represented the seller, a joint venture between Invesco Real Estate and Perot Development Company.

Completed in early 2022, the 250- by 875-foot building was built-to-suit for Amazon as a last-mile distribution center. DFW Park 161 AMZL features 9.3% office finishes, 32-foot clear height, 17 dock high doors, 18 drive-in doors, 27 trailer parking spots and 1,440 parking spaces.

DFW Park 161 AMZL is located on 55.768 acres of airport land at 3100 State Highway 161, within the master-planned DFW Park 161, just east of Dallas-Fort Worth International Airport and within the DFW Airport Industrial submarket, one of the most desirable industrial submarkets in the region. The property is along State Highway 161, which is one of the area’s main north and south transportation arteries and carries more than 123,000 vehicles per day. In addition to the ability to easily reach the entire DFW metro area quickly, the property has connectivity to the Texas Triangle, the area between DFW, Houston, San Antonio and Austin that houses 25 million residents, which is expected to grow to house 78% of the state’s population within the next 40 years. With $1.32 trillion in economic output, this area ranks among the world’s 15 largest economies.

The JLL Capital Markets team representing the seller was led by Senior Managing Directors Dustin Volz and Stephen Bailey, Directors Dom Espinosa and Zach Riebe and Analyst Jack Copher.

Marcus & Millichap announced the sale of Pleasant Creek, a 159-unit apartment complex in Lancaster, Texas.

Hoover and Marcus & Millichap’s Nick Fluellen and Chris Pearson represented the seller, and procured the buyer, Cove Capital Investments LLC, a Delaware Statutory Trust (DST) sponsor company specializing in 1031 exchange investments.

Twenty minutes from Downtown Dallas, the property is near three major highways, Interstate 35, Interstate 20 and Texas State Highway 342. Nearby employers include Northrup Grumman Systems, Dallas Boss Truck Stop and FFE Logistics. Lancaster City Park and Country View Golf Club are five minutes away and Dallas College Cedar Campus is close by.

Pleasant Creek is a 16-building, controlled-access community with a swimming pool, fitness center, business center and on-site laundry facilities. All apartments have fireplaces, walk-in closets and a private patio or balcony. Select units have faux-wood flooring, brushed nickel hardware and two-tone paint.

Category One Enterprises, LP leased 2,264 square feet at 8111 LBJ Freeway in Dallas, Texas. Alex Houston and Richard Maloof represented the landlord, Hartman Income REIT.

Stryker Properties has closed on a 23-acre multifamily zoned parcel, located close to Celina High School at the SE corner of Legacy and Preston Streets in Celina, Texas.

Stryker is developing the 300-unit market rate garden style apartments as Phase I and is expected to break ground my Q2 of 2023. The project will aid in alleviating housing shortage in Collin County close to a plethora of job opportunities along DNT.

JLL Capital Markets announced today that it has closed the sale of Urban District 183, a three-building, 366,771-square-foot, Class-AA industrial park in Euless, Texas.

JLL marketed the property on behalf of Urban Logistics Realty (ULR).

“We could not be more excited about the successful completion and sale of Urban District 183,” said ULR Director Drew Feagin. “A huge team effort from a lot of folks that we are very grateful for. This project was 100% preleased at the time of delivery, which is a testament to the infill and irreplaceable location that we repeatedly aim to invest in.”

Urban District 183 is located near DFW Airport and one of the last remaining sites in the GSW/DFW Airport submarket. ULR worked closely with the city of Euless to rezone the former Coopers Golf Park. This new facility was built on a speculative basis and now stands as Omni’s new global headquarters for executive offices, warehousing and ecommerce fulfillment.

The property is situated off SH-183 and Industrial Boulevard at 1010 and 1000 S. Industrial Blvd. on 22.02 acres. The industrial park is centrally located between Dallas and Fort Worth and is an eight-minute drive to Dallas-Fort Worth International Airport. Located in the GSW / DFW Airport submarket, the property benefits from the area’s strong demographics with a population of 1.2 million people within a 20-minute drive, up 40% since 2000, and $20 billion of consumer spending power within the same radius. In addition, Urban District 183 benefits from the strong labor pool with 245,000 daytime workers within a five-mile radius.

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Dustin Volz and Stephen Bailey, Director Dom Espinosa, Associates Wells Waller and Robby Westerfield, and Analyst Megan Babovec.