South Texas Retail Center Trades to Dallas-based Dunhill Partners

JLL Capital Markets announced today that it has closed the sale of the 206,284-square-foot, value-add Northcross Shopping Center located within a prime retail corridor in Victoria, Texas.

JLL marketed the property for a Dallas-based client and sold it to Dunhill Partners.

The 91% occupied Northcross Shopping Center is currently leased to Ashley Furniture, Office Depot, Tuesday Morning, Dollar General, Dollar Tree and more. Additionally, the center has presented strong leasing momentum with Ace Hardware, Pittsburgh Paint, Beauty Bar, Any Lab Test Now and Rock Discount Vitamins.

Located at 5016–5319 N. Navarro St., Northcross Shopping Center sits at the intersection of U.S 77 and Sam Houston Drive and is positioned between the power markets of Houston and Corpus Christi. The center is visible to approximately 40,573 vehicles per day and is situated in a super-regional trade area reaching a customer base from the surrounding 50 miles. The property benefits from Victoria County’s population of approximately 92,084 and average household income of $83,767.

The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Senior Managing Director Adam Howells, Managing Director George Cushing and Analysts Matthew Barge and Cole Sutter.

Suburban Dallas Multi-housing Community Trades to New Owner

JLL Capital Markets announced today that it has closed the sale of Independence Crossing, a 124-unit, boutique, value-add multi-housing community located in the Dallas, Texas suburb of Plano.

JLL represented the seller. Langdon Street Capital acquired the asset.

Built in 1999, the two-story Independence Crossing offers one- and two-bedroom units averaging 942 square feet. Select units feature stainless steel appliances, contemporary wood-style flooring and fireplaces. Community amenities include a resort-style swimming pool, a fully equipped fitness center, a modern clubhouse, a resident lounge, an executive business center, private yards, a dog park and detached garages.

Situated at 6501 Independence Pkwy, Independence Crossing offers residents convenient connectivity to the Dallas area’s major thoroughfares, including US-75, Dallas North Tollway and SH-121. The property sits just five miles from the largest employment centers in North Dallas, CityLine and Legacy Business Park, and is within proximity to top retail and entertainment destinations, including The Shops at Legacy and Stonebriar Centre. Additionally, the community is adjacent to the Bluebonnet Trail and is near several parks and greenbelts.

The JLL Capital Markets team was led by Senior Managing Directors Rob Key and Roberto Casas and Managing Director Greg Toro and Senior Director David Austin.

Stream Realty Partners Helps LERMA/ Double its Footprint in Dallas’ West End

Dallas native creative agency expands from 27,959 square feet to 55,918 square feet in one year in one of Dallas’s newest and most innovative creative office spaces.

The Luminary is located at 401 N. Houston St. in the West End, adjacent to the Central Business District. LERMA/ will occupy an additional full floor of the building. Stream Realty Partners Managing Director Dan Harris and Senior Associate Nate Hruby represented LERMA/ in the transaction. Senior Director of Project Management Services Bobby Kunkle provided construction management services. Stream, headquartered in Dallas, is a national real estate services, development, and investment company.

The Luminary offers an unmatched and innovative office experience with sweeping views of Downtown through electrochromatic glass windows that dynamically change tint in response to sunlight. Efficiently laid out floor plates and advanced building technology contribute to the collaborative atmosphere that LERMA/ strives towards.

Recently purchased by Harwood International, The Luminary also offers a rooftop terrace, 52 bike racks and daily food service. The building is centrally located at the intersection of the Harwood District, Dallas Arts District, Design District, Downtown, Uptown, and Victory Park, offering tenants easy access to a host of retail and dining options. The West End is accessible by all major highways, thoroughfares, and public transit, including all four of DART’s light rail lines. Harwood International’s Kelly Whaley and Hannah Mesh represented the owner in the transaction.

2-property Retail Portfolio in Central Texas Secures Acquisition Financing

JLL Capital Markets announced today that it has arranged the acquisition financing for two retail centers in high-growth markets in Central Texas, including the 7,090-square-foot The Shops at The Rim in San Antonio and the 6,991-square-foot 3701 Guadalupe in Austin.

JLL worked on behalf of the borrower, Door Capital Partners, to secure the five-year, fixed-rate loan. Additionally, JLL marketed The Shops at Rim on behalf of the seller.

Located at 6028 Worth Parkway, The Shops at The Rim is situated within the 1.8-million-square-foot mixed-use district, The Rim, in northwest San Antonio. The property is easily accessible from I-10 surrounded by San Antonio’s largest employment centers, top-end demographics, entertainment destinations and education and military hubs. Built in 2012, The center is 100% occupied, and tenants include The Rim Dental Care, Starbucks Coffee, Pigtails & Crewcuts and GNC.

3701 Guadalupe is located on the northern edge of West Campus, in the center of off-campus living for University of Texas students. It is also within proximity to the affluent neighborhoods within Austin, such as Hancock, Hyde Park and Old West Austin. The 1976-built center is 100% leased to Domino’s, Walgreens, Smile Haus, Body Brite and Evo Performance.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Director CW Sheehan and Analysts Kaitlin Kane and Hunt Wood. The JLL Capital Markets Investment Sales Advisory Team was led by Senior Managing Director Chris Gerard and Analyst Jack Copher.

Stream Realty Partners Helps LERMA/ Double Its Footprint In Dallas’ West End

DALLAS – December 6, 2022 – Dallas native creative agency expands from 27,959 square feet to 55,918 square feet in one year in one of Dallas’s newest and most innovative creative office spaces.

The Luminary is located at 401 N Houston Street in the West End, adjacent to the Central Business District. LERMA/ will occupy an additional full floor of the building. Stream Realty Partners Managing Director Dan Harris and Senior Associate Nate Hruby represented LERMA/ in the transaction. Senior Director of Project Management Services Bobby Kunkle provided construction management services. Stream, headquartered in Dallas, is a national real estate services, development, and investment company.

“Our expansion is an incredible testament to our team’s hard work, talent, and their commitment to our culture,” said Pedro Lerma, CEO of LERMA/. “I believe that a great office space improves productivity and company culture. We look forward to continuing to do great things in The Luminary for many more years and, hopefully, many more expansions.”

The Luminary offers an unmatched and innovative office experience with sweeping views of Downtown through electrochromatic glass windows that dynamically change tint in response to sunlight. Efficiently laid out floor plates and advanced building technology contribute to the collaborative atmosphere that LERMA/ strives towards.

“Dan and Nate were wonderful to work with, helping answer questions and solve problems as we navigated our exciting expansion,” said Melissa Sinkoski, COO of LERMA/. “We couldn’t be more proud of our team’s hard work that allows us to expand. The Luminary is a perfect place for our exciting growth; it meets all our needs.”

Recently purchased by Harwood International, The Luminary also offers a rooftop terrace, 52 bike racks and daily food service. The building is centrally located at the intersection of the Harwood District, Dallas Arts District, Design District, Downtown, Uptown, and Victory Park, offering tenants easy access to a host of retail and dining options. The West End is accessible by all major highways, thoroughfares, and public transit, including all four of DART’s light rail lines. Harwood International’s Kelly Whaley and Hannah Mesh represented the owner in the transaction.

“Pedro and his team have doubled their footprint at a time where many companies are downsizing or remaining the same,” said Harris. “Their growth over the past year is fascinating and a testament to the unique and collaborative office environment they’ve created.”

About Stream Realty Partners

Stream Realty Partners is a full-service commercial real estate firm with integrated offerings in leasing, property management, tenant representation, development, construction management, investment sales, and investment management services. Headquartered in Dallas, Stream is dedicated to sourcing acquisition and development opportunities for the firm and its clients. Since 1996, the company has grown to a staff of more than 1,200 professionals with offices in Atlanta, Austin, the Carolinas, Chicago, Dallas, Denver, Fort Worth, Houston, Greater Los Angeles, Nashville, Northern Virginia, Phoenix, San Antonio, and Washington, D.C. Stream completes more than $5.8 billion in real estate transactions annually and is an active investor and developer across the nation. Visit www.streamrealty.com.

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CONTACT:
Brian J. Medricka
Stream Realty Partners
Director, National Communications, Public & Media Relations
214.560.3033

Tracy Li Closed Lease at 909 Lake Carolyn Pkwy in Irving

Tracy Li, CCIM closed lease at 909 Lake Carolyn Pkwy, Irving, TX 75039— OCTOBER, 2022 — SVN | Dunn Commercial, a full-service commercial real estate brokerage firm and part of the SVN® brand, is pleased to announce the lease of a 12,890 SF class A office space in Irving, TX.

Tracy Li represented the lessee through an extensive search of the DFW market and ultimately assisted them with their selection of Tower 909. The reason that this property made it to the top of their list was due to the unparalleled views, walkability, and easy access to the DFW Airport. “The minute that we walked into the space, my client felt right at home. The floor plan suited them well and the landlord was easy to work with,” Tracy Li said.

Tower 909 is a high-rise, multi-tenant, Class A office building recognized for its location within the Urban city of Las Colinas. This reflective glass 374,251 square-foot, 19-story office building has beautiful views overlooking Lake Carolyn. Amenities like an on-site fitness center, tenant lounge, a grand two-story lobby, and more make this office space an attractive space to lease for any tenant. Nearby transportation, entertainment, restaurants, and shopping also add to the value of this office space.

For more information on SVN Dunn Commercial or assistance with your commercial real estate needs, please check out our website or give us a call at 817-640-9964.

About SVN®

SVN International Corp. (SVNIC), a full-service commercial real estate franchisor of the SVN® brand, comprises over 1,600 commercial real estate Advisors and staff, in more offices in the United States than any other commercial real estate firm and continues to expand across the globe. Geographical coverage and amplified outreach to traditional, cross-market and emerging buyers and tenants is the only way to achieve maximum value for our clients. This is why we proactively promote properties and share fees with the entire industry. This is our unique Shared Value Network® and just one of the many ways that SVN Advisors create amazing value with our clients, colleagues and communities. All SVN® offices are independently owned and operated.

For more information, visit www.svn.com.

Contact Name: Tracy Li, CCIM
Title: Advisor
Email: tracy.li@svn.com
Phone: 972-391-7016
745 Atlantic Avenue, 8th Floor | Boston, MA 02111 | P. 888-311-0605 | www.svn.com