Amgad Badawi, an individual d/b/a Badawi Fencers Development leased 3,357 square feet at 1055 South Sherman Road in Richardson, Texas. Anne Kanno with Remax represented the tenant and Lynna Smith represented the landlord, Hartman Income REIT.

DALLAS – Sept. 21, 2022 – The largest title insurer and provider of real estate-related products and services in the world has signed on as the first tenant of Stream Realty Partners’ Class AA office development, The QUAD, in Uptown Dallas. Chicago Title will occupy 20,000 square feet of office space within the 12-floor tower rising at 2699 Howell St. in the heart of Uptown. The 345,000-square-foot, state-of-the-art building is being developed by Stream, a national real estate services, development, and investment firm headquartered in Dallas. It is expected to deliver in the first quarter of 2024. Stream Vice President Ryan Evanich and Senior Associate Marissa Parkin lease the office space at The QUAD. The firm will also provide property management services at the site. Campbell Henry with Lincoln Property Company helped broker the transaction.

“We’ve found that the recipe for recruiting and retention success is giving our employees an enjoyable and high-quality work environment,” said Clark Pulliam, Director of Operations/Counsel at Chicago Title. “Stream’s high-quality development helps us meet those goals. The amenities at and around The QUAD give us the freedom to enjoy a meal with clients, go to a team happy hour, or hit the gym–all within walking distance. Its central location and accessibility to many major thoroughfares is well-suited and enjoyable for our employees who commute from across the Metroplex. Once at The QUAD employees are truly able to immerse themselves in the neighborhood and enjoy the lifestyle and accessibility that the development offers, making the commute well worth it.”

Chicago Title has officed at 2828 Routh St., an existing building on the same site as The QUAD, for over a decade. Pulliam said the company is “thrilled to be part of the dawning of ‘A Different Dallas.” The new project plays a key role in the rebirth of the Quadrangle, which once was Dallas’ first mixed-use development dating back to 1966. The QUAD is a 12-story creative office tower with a penthouse amenity club that boasts an outdoor terrace with sweeping views of Uptown and a conference center. Thoughtful, efficient floor plans and common spaces support modern office dwellers’ needs for collaboration. Convenient underground parking, a bike valet, and lockers are available to ease the strain on tenants as they come and go throughout their busy days.

The QUAD’s full-service fitness studio, floor-to-ceiling windows, and urban green space promote accessible mental health and wellness. Five free-standing retail spaces surrounding the property will be open for tenants and neighbors to enjoy seven days a week.

With a Walk Score of 92 and over 200 restaurants, 5,900 hotel rooms, and 17 entertainment venues within proximity, The QUAD offers a host of popular amenities and services for tenants. The city’s iconic Katy Trail is within five minutes walking distance. Additionally, 12,500 apartment units and 16 fitness centers make the area convenient and livable.

“As we watch The QUAD come to life, seeing the response from tenants across a variety of industries is very rewarding for our team,” said Stream Partner and Executive Managing Director of Development Ramsey March. “We are grateful that a company of Chicago Title’s caliber understood the vision and committed so early to the project. Beyond our lease with Chicago Title, we are engaged with several hundred thousand square feet of prospects whose timelines match well with our 2024 delivery.”

The QUAD is owned and managed by Stream’s Investment Management Platform, which leverages expertise from Stream’s 14 local offices to make investment decisions based on real-time supply and demand fundamentals. Stream actively manages four discretionary commingled funds, in addition to several joint ventures, and wholly owned assets totaling 38 investments of 17.5 million square feet and approximately $2.2 billion in assets under management. For leasing information at The QUAD, contact Stream Dallas at 214.267.0400

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 1,100 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.

About Chicago Title

Commercial real estate investments require extensive knowledge of the financial, legal, and regulatory aspects of buying and selling income property. Chicago Title’s National Commercial Services unit, located in Dallas, Texas, is uniquely positioned to partner with large enterprises and expedite complex transactions, including multi-site, multi-state, and even international dealings. As a partner in all commercial real estate transactions within the nation’s capital and in all 50 states, their team of professionals offers best-in-class services in title, escrow, closing and post-closing, electronic document delivery and recording, tax-deferred property exchanges, UCCPlus, and more. The firm delivers peace of mind while building lifelong relationships.

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

JLL Capital Markets announced today that it has arranged $61 million in construction financing for the development of The Preserve at Spring Creek, a 230-unit assisted living, memory care and independent living community in Garland, Texas, a suburb of Dallas.

JLL worked on behalf of the joint venture sponsor, JAMP Enterprises LLC and Frontier Management LLC, to secure the 15-year, five-year IO, 75% LTC, floating-rate loan through a regional bank.

The community will be the first of its kind delivered in the sub-market comprised of a 120-unit apartment-style complex as well as 110 additional two-bed, two-bath independent living cottages with 25 acres of private dedicated park space. The Preserve at Spring Creek will feature interconnected walking paths that grant access to a selection of on-site community amenities, including a clubhouse, theater/chapel, salon, bistro, arts and craft room, billiards room, fitness centers, a mindful studio, numerous dining venues and multiple gathering spaces.

The country-club style facility will be located on 35.5 acres at 2055 Arapaho Road offering direct access to the 23.5-acre Spring Creek Nature Preserve. The property is within five miles of nearly 100 unique healthcare offerings, including Methodist Richardson and Garland Health Center. Furthermore, The Preserve at Spring Creek is roughly four miles from Firewheel Town Center and six miles from downtown Plano, offering a variety of restaurants, preforming galleries, event venues and unique shops. There are also six golf courses in the area and two lakes, Lake Ray Hubbard and Lavon Lake.

Although the submarket surrounding the property site is developing rapidly, the seniors housing competitive supply in the area is notably old, with an average age of over 16 years old. With continued rapid 75+ population growth and no other additions to the market, the unmet private pay needs are projected to increase to as many as 449 independent living units, 384 assisted living beds and 179 memory care beds by 2026. The Preserve at Spring Creek will further benefit from the area’s affluent demographic with the median household income 16% higher than statewide averages.

The JLL Capital Markets team representing the borrower was led by Director Alanna Ellis. Local support was provided by Managing Director Allison Holland.