The City of Plano approved plans by real estate investment firm PRP Real Estate’s for 6301 Headquarters Drive. The build-to-suit is a 300,000-square-foot office project in the epicenter of Legacy Business Park. Conceptual designs have been completed by HKS, and construction will begin once permits are secured. CBRE’s Dennis Barnes will market the building.

“Companies have realized that the collaboration that happens when employees are in the office is unmatched, so they are prioritizing top-of-the-line office amenities that give them the opportunity to tailor the office space specifically to their corporate needs,” Barnes said. “PRP meticulously designed 6301 Headquarters Drive to be a first-class experience, and it will fill a tremendous need in our market for large-scale office users.”

Industrial

Duke Realty Corp. has inked 10 new lease agreements and renewals totaling 1.3 million square feet of industrial space. The activity includes an expansion with Genera Corp. for 260,819 square feet and a new lease with Dynamic Glass Products for 116,980 square feet. The deals take Duke Realty’s 17 million-square-foot Dallas portfolio to nearly 100 percent leased.

Recent transactions also include a lease with SWS for 43,650 square feet in Garland and a renewal with DAP for 130,900 square feet, also in Garland. Click to read more at www.dmagazine.com.

JLL Capital Markets has arranged acquisition financing for 2801 NCX, a Class-AA office building totaling 240,000 square feet in the West Village subsection of Uptown in Dallas, Texas.

JLL worked on behalf of the borrower, OliveMill Holdings and Hunt Realty Investments in a partnership with Angelo Gordon, to secure the five-year, floating-rate loan with a fund managed by AllianceBernstein.

2801 NCX is located in the Uptown District, which is a vibrant mixed-use neighborhood offering high-end residential developments, top entertainment destinations, fine dining options and luxury hotel accommodations. The population in the immediate area has grown more than 40% since 2010 and is projected to continue as residents and companies migrate to Dallas for low-cost business and living costs. The property benefits from a highly amenitized location surrounded by the city’s most prominent employment centers, leading demographics, and a walkable environment within Uptown’s West Village district. 2801 NCX also has a best-in-market signage opportunity due to its extreme visibility from North Central Expressway.

Completed in 2015, 2801 NCX offers 12 floors of office space that is fully leased to a Dallas-based advertising agency. The property features an on-site fitness center, 11th-floor outdoor space offering views of Uptown and a 609-space parking garage.

The JLL Capital Markets team representing the borrower consisted of Senior Managing Director Jim Curtin, Senior Director Kris Lowe, Vice President Rex Cruz and Analyst Ryan Pollack.

ALLIANCE TEXAS (WBAP/KLIF)-AllianceTexas, Hillwood’s 27,000-acre master-planned, mixed-use community in north Fort Worth, continues to be one of the state’s most formidable economic engines with approximately $100 billion generated in regional economic impact and over $3.13 billion in total taxes paid to local public entities during the past three decades. According to its annual Insight Research Corporation report, more than $8.66 billion of the development’s economic impact was generated in 2021 alone.

A driver for regional success, AllianceTexas is now home to 559 companies, with more than 53 million square feet of office, retail and industrial space built since 1989. Significant milestones in 2021 can be attributed to the continued success of the e-commerce sector, the backbone of the AllianceTexas industrial complex. The Alliance corridor now represents the largest industrial submarket in North Texas with the highest net-absorption, according to CoStar, the international leader in commercial real estate data in the U.S., Canada and the United Kingdom. In 2021, Hillwood leased over 6.3 million square feet of space, and launched the largest industrial speculative building at AllianceTexas to-date, Alliance Center East 1, totaling over 1.2 million square feet. In addition, Hillwood broke ground on Alliance Center North 8 and 9, two speculative industrial buildings that are nearly 1 million square feet combined. Click to read more at www.wbap.com.

National multifamily real estate developer Wood Partners has started construction of its newest luxury residential community—Alta at The Farm—in the Dallas area. With construction on the new apartment community currently underway, Alta at The Farm is scheduled to open in early 2023.

Alta at The Farm will be situated within The Farm, a newly constructed 135-acre mixed-use development in the Dallas suburb of Allen, Texas. At full build-out, The Farm will host a mix of office, retail, entertainment and residential facilities.

Highlights of The Farm will include a 16-acre greenbelt and open space spanning the entire length of the development, a 2.5-acre lake and boardwalk with numerous dining options, multiple pocket parks and multi-use trails that connect to the broader Allen trail system. Furthermore, Alta at The Farm will be next door to the first Texas location of The Hub, a multifaceted outdoor entertainment and retail venue that originated in Watersound Beach along 30A in the Florida Panhandle.

Alta at The Farm’s midrise design will feature 325 apartment homes, offering residents a mix of studio, one- and two-bedroom floor plans. Each unit will provide best-in-class finishes including high-end kitchens featuring granite countertops, stainless steel appliances, upgraded fixtures, and tile backsplash, as well as in-unit technology, keyless entry, wood plank flooring and in-unit washer and dryer sets.

The development will also offer residents access to a top-tier amenities package, headlined by a resort-style pool with tanning ledges, a second courtyard with grilling areas and fire pits, a community clubhouse featuring a state-of-the-art fitness facility, private fitness micro-studios, and a Sky Room and roof deck overlooking West Lake Park. There will also be remote working areas, social gathering spaces, and enhanced Wi-Fi throughout the common areas.

Pre-leasing for Alta at The Farm will begin in Winter 2022.

Adolfson & Peterson Construction and Reunion Rehabilitation Hospitals are celebrating the ground-breaking of a new location in Arlington with support from America Development & Investments LLC, a Dallas-based healthcare real estate developer.

Located at 4351 Centreway Place, the hospital will offer inpatient rehabilitation care for people with debilitating illnesses and injuries such as stroke and brain injury, as well as other complex neurological and orthopedic conditions.

Dallas-Fort Worth is one of the nation’s fastest-growing regions, according to recent U.S. Census Bureau estimates. Conversely, there is a lack of modern rehabilitation hospitals in the area. As Texas’ seventh-largest city, Arlington will benefit greatly from the services provided at Reunion Rehabilitation Hospital’s latest DFW location.

At 50,800 square feet, the three-story hospital was designed by Callaway Architecture and consists of standard steel construction with masonry veneer. The hospital features food services and dining areas, fitness and physical therapy spaces, medical staff rooms and expansive dayrooms for patients, and an outdoor courtyard for patients to practice walking on various surfaces and inclines. Moreover, the hospital’s location just off I-20 – approximately four miles west of its intersection with Texas State Highway 360 – provides easy access for patients in both North and South Arlington.

Reunion Rehabilitation Hospital Arlington is expected to open in January 2023 and will provide comprehensive inpatient physical-medicine rehabilitation therapies using results-oriented, individualized plans of care for patients in the Arlington area. The new hospital’s mission is to provide patients with best-in-class care provided by the finest caregivers in a unique, community-centric hospital environment.

The new hospital will also enable DFW residents to build fulfilling careers and join a team of excellent clinicians and support staff, including specialty-trained physical medicine and rehabilitation physicians.

Reunion Rehabilitation Hospital Arlington is one in a series of inpatient rehabilitation facilities that Reunion plans to develop across the country. In addition to the new Arlington hospital, ADI is developing a 55,617-square-foot hospital in Plano, Texas, a 47,000+ square-foot hospital in Englewood, Colorado, a 49,128-square-foot hospital in Peoria, Arizona, and a 51,000-square-foot hospital in Phoenix, Arizona.