Dallas, TX (May 4, 2022) — Newmark announces the sale of Lincoln Legacy Two,

a recently renovated, 130,371-square-foot office property in Dallas/Fort Worth’s premier Legacy submarket. Newmark Vice Chairmen Chris Murphy, Robert Hill and Gary Carr and Director Chase Tagen represented the seller, a partnership including Dallas-based Pillar Commercial. Newmark Director Josh Francis facilitated the financing for the buyer, Larson Capital Management.

Located at the southeast corner of the Dallas North Tollway and Tennyson Parkway in Plano, Texas, Lincoln Legacy Two is adjacent to the vibrant Legacy Town Center and The Shops at Legacy. Built in 2014, Lincoln Legacy Two comprises a five-story office building with a sophisticated lobby and tenant lounge, fully equipped fitness center and four-level parking garage with a ratio of 4:1,000 square feet. Lincoln Legacy Two is 90 percent leased to a diverse base of tenants.

“Lincoln Legacy Two is one of the premier assets located in one of the nation’s fastest-growing submarkets,” said Hill. “This transaction reflects the incredible demand we are seeing for best-in-class assets in high-growth submarkets across the state of Texas.”

Lincoln Legacy Two’s highly amenitized location features walkable access to best-in-class dining, shopping, entertainment and residences at The Shops at Legacy and Legacy West Urban Village. With immediate access to the Dallas North and Sam Rayburn tollways, Lincoln Legacy Two is within 20 minutes of Dallas/Fort Worth International Airport and Dallas Love Field.

The Woodmont Company has started construction along with Dennett Construction on a new three story, 41,217-square-foot medical office building located at 6850 Harris Parkway in Fort Worth, Texas. The Diabetic and Thyroid Center of Fort Worth will occupy 14,000 square feet with 25,000 square feet available for lease. An additional pad site is also available for development and lease. Completion of the building is scheduled for January 2023.

Designed by Bennett Benner Partners, the building will feature central heating and air conditioning, abundant parking and large floorplates with floor-to-ceiling glass windows. It is located in the Southwest Fort Worth Medical District and provides great frontage on Harris Parkway and visibility from Chisholm Trail. The building is minutes from Interstate 30, providing convenient access to the Southwest Fort Worth market and Downtown Fort Worth.

Colton Wallis and Wes Mugarian of Dodson Commercial Real Estate is overseeing leasing at the building which can accommodate a wide variety of user ranging from 2,295 to 19,810 square feet.

A 267-unit apartment complex located at 3720 Post Oak Blvd, Euless, TX 76040 has sold. The 1983-built, Class B+ property, located in Euless, near DFW Airport, has sold to ShainRealty Capital, a Los Angeles privately-owned real estate investment firm.

Texas is a non-disclosure state and therefore the purchase price was not made public. The asset will undergo $3,000,000 of renovations and upgrades and be rebranded from The Landing to Infinity on the Landing.

This is ShainRealty Capital’s third acquisition in Dallas in under a year, as they previously picked up Infinity on the Mark & Infinity on the Point.

Bard Hoover & Wes Racht of Marcus & Millichap, brokered the transaction. Rialto Capital provided the Bridge Loan debt.

The acquisition presents an excellent opportunity for ShainRealty to acquire a sizeable multifamily asset with significant rental upside. The property consists of 267 units, approximately 770 square feet in average size, with in-place average rents 30% below market.

Managed by Jonathan & Elliot Shainberg, ShainRealty Capital plans to continually grow in the Sunbelt Markets, acquiring multifamily assets such as this.

HPI Real Estate Services & Investments announced that Grant Thornton LLP ― one of America’s largest audit, tax and advisory firms ― will move its Dallas office to Ross Tower, located at 500 N. Akard Street.

Beginning in 2023, the firm will lease a full floor, approximately 24,600 square feet, in the 45-story luxury office high-rise in the Dallas Arts District.

Ross Tower offers a gourmet food hall in the building, a five-star restaurant and an on-site Starbucks ― as well as in-building conference facilities, technology, ample parking, and a Wi-Fi tenant lounge. The tower boasts 360-degree views of Uptown, Downtown, the Arts District, Klyde Warren Park, Victory Plaza, and the Margaret Hunt Hill Bridge.

Managing Director Travis Boothe and Executive Managing Director Robbie Baty of Cushman & Wakefield, represented Grant Thornton in lease negotiations. The landlord was represented by HPI’s Dallas Partner Hunter Lee, Vice President Ben Cuzen, and Leasing Agent Luke Aviles.

Merriman Anderson Architects (MAA) shares their plans for Terranea at Lake Grapevine in Flower Mound, Texas, a 16-story residential tower consisting of over 200 luxury rental units, townhomes, penthouses and retail.

Terranea at Lake Grapevine is the second residential tower within the 165-acre mixed-use Lakeside Village development, fronting the new square with retail and townhomes. The development will offer hotels, retail shops, lakefront restaurants, office space, walking trails, outdoor music performance venue, and a wedding chapel.

Lakeside Village features a Spanish Mediterranean architectural style which transfers to the Terranea at Lake Grapevine residential tower. The apartments will be luxurious in finishes, spaces and amenities. Amenities for residents will include a golf simulator, game room, bar, retail shops, fitness center, on-site structured parking for retail and residents, dog wash, storage, and an elevated pool deck overlooking Lake Grapevine with a pool, spa and outdoor spaces to gather.

MAA is the architect for the project responsible for design and documentation. Realty Capital is the developer.

Construction on the residential tower is projected to begin in the summer, and the building is planned to open in 2024.

Terranea at Lake Grapevine is located at 2800 Lakeside Parkway in Flower Mound, Texas.