Dallas-based Caddis announced plans to develop Frisco Medical Pavilion II, a 60,000-square-foot medical office building at 12950 Dallas Parkway in Frisco, Texas, immediately north of the new Texas Health Frisco hospital. Transwestern Real Estate Services has been tapped to provide Agency Leasing services for the development. Construction is expected to begin in mid-2022 with an estimated completion by summer 2023.

Upon completion, Frisco Medical Pavilion II will be a Class-A medical office building featuring a lobby, elevator cabs with gurney capacity, 20,000-square-foot floor plates and the capability for an ambulatory surgical center on the first floor. Exterior features will include an approximately 15,000-square-foot outdoor wellness area, exterior building signage opportunities for full-floor tenants, covered patient drop off and on-site parking with ratio of 5/1,000. The site features visibility opportunities along the Dallas North Tollway.

Centralized in one of the highest-income cities in North Texas, the property features more than 253 retail and dining options within a three-mile radius and has proximity to several large hospital systems such as Texas Health Resources, Medical City Healthcare, Scottish Rite for Children, Children’s Health and Baylor Scott & White Health.

Caddis offers a full range of healthcare real estate investment services and manages a portfolio of more than 70 properties across 16 states, comprising nearly five million square feet and valued at more than $1 billion.

According to Transwestern research, increased penetration of the already prevalent ‘flight to quality’ trend has intensified demand for quality space, and well-positioned properties are likely to capture a greater share of market activity and outperform in 2022 and beyond.

Marcus & Millichap announced the sale of the IN Self Storage Portfolio. The portfolio contained four self-storage facilities representing 136,150-square foot self-storage located in Aubrey, Flower Mound, Fort Worth and Wylie, Texas, according to Mark R. McCoy, regional manager of the firm’s Fort Worth office.

Investment Specialists Danny Cunningham and Brandon Karr in Marcus & Millichap’s Fort Worth office had the exclusive listing to market the property on behalf of the seller, a private investment group to whom Karr and Cunningham sold two of the facilities previously. The buyer, Cohen Investment Group, was secured and represented by Danny Cunningham and Brandon Karr as well.

IN Self Storage is located at 14799 Fishtrap Road in Aubrey, TX 76227, 2400 Victory Drive in Flower Mound, TX, 2801 E Loop 820 S, Fort Worth, TX 76119, and 3825 Old Parker Rd Wylie, TX 75098.

LEFT TO RIGHT: PAUL CHASTANT, BROADDUS & ASSOCIATES; WILL PENDER, ADOLFSON & PETERSON; LEE GILBERT, ROCKWALL COUNTY COMMISSIONER; JANET NICHOL, ROCKWALL COUNTY COMMISSIONER; DAVID SWEET, ROCKWALL COUNTY JUDGE; SHERIFF HAROLD EAVENSON, FORMER ROCKWALL COUNTY SHERIFF (RETIRED); SHERIFF TERRY GARRETT, ROCKWALL COUNTY SHERIFF; SHIRLEY MANGESS, WIFE OF THE LATE DAVID MAGNESS, ROCKWALL COUNTY COMMISSIONER; CLIFF SEVIER, ROCKWALL COUNTY COMMISSIONER; DENNIS BAILEY, ROCKWALL COUNTY COMMISSIONER; DARRELL STELLING, DLR GROUP; GARY RETEL, DLR GROUP; CHRIS GETZ, DLR GROUP; VINCE YAUGER, BROADDUS & ASSOCIATES

Adolfson & Peterson Construction (AP), Broaddus & Associates, DLR Group and Rockwall County gathered to commemorate their collective work in making additions to the Rockwall County Jail during a dedication ceremony held March 8.

The Rockwall County Jail received an 82,943-square-foot expansion, adding 204 new beds to the current 240-bed residency, ultimately increasing to 444 beds. The development includes a new civil infrastructure with direct and indirect supervision in two-story cell housing units, and new intake, visitation, kitchen, laundry and medical and mental health facilities. In addition to the facility’s new spaces, Rockwall County Jail now houses features to increase overall wellbeing, efficiency and safety. Renovation work is underway for the facility’s east and west wings, as well as the Rockwall County Sherriff’s office and will be open for occupancy in mid-April.

New negative pressure rooms allow for COVID-positive inmates to be quarantined while simultaneously avoiding cross contamination throughout the population. Technology in the large control center enhances security and monitoring in all jail areas. The kitchen was constructed for food to be prepared on-site by inmates or staff, creating healthier, more cost-efficient meals. Additionally, the new medical area offers dental work, blood work and mental health services to enable inmates to become healthy citizens.

The ceremonial ribbon cutting, led by Sherriff Garrett, took place in the facility’s lobby, with the project team and the city’s commissioners, current and former sheriffs, majors and captains in attendance. During the ceremony, a Dedication Certificate was presented to Sheriff Garrett by state representative Justin Holland to commemorate the occasion and extensive collaborative efforts made to bring this project to fruition. The Mayor of Rockwall, Kevin Fowler, and multiple officials from surrounding counties attended the dedication where representatives from Broaddus & Associates, DLR Group and AP spoke to the project’s progressions and achievements.

Pedison USA, INC. renewed 2,236 square feet at 8111 LBJ Freeway in Dallas, TX. Yvette Rodriguez represented the landlord, Hartman Income REIT.

(MARCH 7, 2022 – DALLAS) – William Hancock and James Roberts recently left Northmarq’s Dallas office to form Brazos Residential, a real estate private equity company focused on acquiring value-add multifamily. The duo currently has over $200 million of assets across 1,800 units in process throughout DFW and North Carolina. William Hancock was previously the number 1 ranked mortgage broker within Northmarq nationally in 2021. William has personally placed $7 billion of multifamily debt/equity over the last couple years. James Roberts had been an apartment broker since 2013 and most recently was with Northmarq’s Dallas Multifamily Team. James was the 3rd ranked overall broker within Northmarq nationally while personally selling $1 billion of multifamily assets in 2021. Combined, the two industry executives have transacted/capitalized $12 billion of multifamily assets spanning 80,000 units.

“It has been exciting to see all the success our company has had in the first 45 days. We are ramping up with 3 key new hires that have significant institutional operations experience. We have big goals for the company and we have found the right people to help us get there.”, said William.

“We had both developed a passion for the principal side of the business. It started with successful personal multifamily investments, and we ultimately thought our skill sets would be valuable to both residents and partners.” “Will and I have worked together for 3 years previously and we knew the partnership would be a success.”, said James.

ABOUT BRAZOS RESIDENTIAL

Brazos Residential is a real estate private equity company that focuses exclusively on acquiring multifamily assets. The company seeks value-add and opportunistic acquisitions that produce superior risk-adjusted returns for our institutional partners and private capital investors. We target high-growth markets with strong long-term investment fundamentals throughout the Sun Belt region of the United States. Brazos aligns itself with industry-leading third-party management providers to successfully implement each asset’s unique business plan. The company employs high-caliber, best-in-class professionals that exemplify our “integrity first and always” mission.

Houston, March 8, 2022 – Colliers is pleased to announce the lease of 8,650 square feet in Fairway Business Park located at 1501 Fairway Drive in Lewisville, Texas. The tenant, ARC Franchise Holdings DFW, was represented by Tommy Secules of Rubicon Representation. James Ewing of Colliers in Dallas and Tom Condon, Jr. of Colliers in Houston/The Woodlands represented the landlord, GDT Interests, in the transaction.

“We are pleased to land this tenant in our project and intrigued by their plans,” said Glynn Trahan, President of GDT Interests. “The new tenant will be operating a SHOOT360 franchise, which combines state-of-the-art interactive technology with practical basketball skill training and coaching.”

Fairway Business Park totals 25,150 square feet and is situated on 2.54 acres just east of Interstate 35 Expressway and north of DFW International Airport.

The property is located in Dallas/Fort Worth’s Lewisville industrial submarket. The submarket contains 31.6 million square feet of industrial space, which is currently 97.3 percent occupied. There is 3.4 million square feet of industrial space currently under construction in the submarket.

About Colliers International Group Inc.

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.3 billion ($3.6 billion including affiliates) and $45 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.