![\"Placeholder\"\/](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/06\/1750589843_18_placeholder.png\")
<\/p>\nA luxury 370-unit multifamily property in Carrollton will be within walking distance of two popular Dallas Area Rapid Transit lines.<\/p>\n
<\/p>\n
\n Courtesy of Caleb Schafer\n <\/p>\n
\n Planned amenities at Jackson Road include a resort-style pool, a fitness center, a dog park with wash stations, and a business center.\n <\/p>\n
The NRP Group broke ground on the upscale Jackson Road multifamily community at 2255 N. Broadway St., near the intersection of Interstate 35 and the President George Bush Turnpike.<\/p>\n
The 661K SF development\u2019s architecture and design will draw inspiration from historic train stations as it aims to blend classic elements with modern aesthetics. The project is expected to be completed before the end of next year.\u00a0<\/p>\n
The community will offer walkable access to parks, retail, restaurants and DART\u2019s Green Line, as well as the Silver Line commuter rail that runs from the Dallas Fort Worth International Airport to Plano.<\/p>\n
\u201cAs the cost of homeownership continues to rise across North Texas, renters are seeking spacious, well-connected communities that support modern lifestyles,\u201d The NRP Group Vice President of Development Alena Savera said in a statement.<\/p>\n
With an average unit size of more than 1K SF, Jackson Road is designed to cater to working professionals and families in need of space for remote work.<\/p>\n
The project\u2019s financial partners include equity partner H.I.G. Capital and lender First Citizens Bank.<\/p>\n
SALES<\/strong><\/p>\n \n Courtesy of Stonemont Financial Group\n <\/p>\n \n The industrial service facility bought by Stonemont Financial Group has direct access to Texas Highway Loop 12 and Interstate 35.\n <\/p>\n Atlanta-based Stonemont Financial Group acquired the 224K SF industrial service facility at 3912-4012 W. Illinois Ave. in Dallas.\u00a0The nearly 25-acre site has\u00a0a heavy equipment and fabrication facility with\u00a0more than 9 acres of fully improved and stabilized outdoor storage area.<\/p>\n ***<\/p>\n Cushman & Wakefield announced the sale of the two-building Parc GSW industrial property in Irving. Parc GSW was completed in 2017. It includes a 450K SF distribution center at 4931 Conflans Road and a 232K SF distribution center at 4921 Conflans Road. Each building is fully leased to a single, national tenant. Cushman & Wakefield\u2019s Jim Carpenter, Jud Clements, Robby Rieke and Emily Brandt represented the seller.<\/p>\n ***<\/p>\n The 80-room Holiday Inn Express & Suites hotel at 3101 Dallas Parkway in Plano was sold to an undisclosed buyer. Marcus & Millichap\u2019s Chris Gomes exclusively marketed the property on behalf of the seller and procured the buyer. The transaction received additional support from the firm\u2019s Allan Miller.<\/p>\n ***<\/p>\n National Asset Services bought the 123-unit The Courtyard apartment property in Garland. Institutional Property Advisors\u2019 William Hubbard, Michael Ware, Taylor Hill, Drew Kile and Joey Tumminello represented the seller, Wedgewood.\u00a0<\/p>\n LEASES<\/strong><\/p>\n \n Courtesy of Newmark\n <\/p>\n \n The new leases bring the 27-year-old Willow Bend Office Center I to 75% occupied.\n <\/p>\n Newmark signed two tenants to leases of 32K SF and 29K SF at Willow Bend Office Center I at 2740 Dallas Parkway in Plano. The 32K SF lease was with an undisclosed tenant, while Amrize signed the 29K SF deal. The property is now 75% occupied.<\/p>\n Newmark\u2019s Nathan Durham represented the owner, CFT NV Developments LLC. Amrize was represented by Cushman & Wakefield\u2019s Steve Wentz and Mark Becker, while Colliers\u2019 Travis Ewert represented the undisclosed tenant.<\/p>\n ***<\/p>\n The Standard Insurance Co. signed a 10-year lease for 21K SF at The Tower at Hall Park in Frisco. The Standard is expected to move into the space in early 2026. The lease was brokered by Cushman & Wakefield\u2019s Rick Pearson, Ryan Hoopes and Dean Dahlsten. \u00a0<\/p>\n CONSTRUCTION AND DEVELOPMENT<\/strong><\/p>\n Hines, PGIM Real Estate and Trez Capital began leasing at the 129-rental-home community Meadowlark at Wildflower Ranch in Justin. Located in the 1,100-acre Wildflower Ranch master-planned community, the first 30 homes at Meadowlark at Wildflower Ranch are set for delivery this month, with the remainder expected to be completed in the second quarter of next year.<\/p>\n FINANCING<\/strong><\/p>\n PGIM Real Estate provided a $24M mezzanine loan on behalf of its structured debt strategy to Resia for the development of a 464-unit multifamily community in North Fort Worth. JLL Capital Markets\u2019 Jesse Wright arranged the financing. Bank OZK provided a $58M senior loan.<\/p>\n ***<\/p>\n University Place Asset Management and Axonic Capital LLC closed on a $97.5M senior construction loan to developer One Turtle Creek LP for the luxury residential project Rosewood Residences Turtle Creek. The 18-story development will feature 33 condominiums in the Turtle Creek neighborhood of Dallas once it is finished early next year.\u00a0<\/p>\n University Place and Axonic worked as co-lenders on the transaction, which will refinance the existing construction loan, replenish interest reserves and provide the capital needed to complete the development.<\/p>\n PEOPLE<\/strong><\/p>\n The 26-acre biotech hub Pegasus Park appointed David E. Snow as the campus’s first executive director. He will lead multiyear strategic planning, ecosystem growth\u00a0and business development and will foster regional collaboration across the biotech, academic and nonprofit sectors. Snow most recently served as president and CEO of the University of Arkansas Technology Development Foundation.<\/p>\n THIS AND THAT<\/strong><\/p>\n Lewisville-based MCS acquired property preservation company MSI as part of an effort to expand the property services business\u2019s national platform. MSI\u2019s suite of services and employees as well as its clients and vendor network will be integrated into MCS. MSI is headquartered in Fort Worth and has additional operational sites in Florida and Iowa.<\/p>\n","protected":false},"excerpt":{"rendered":"A luxury 370-unit multifamily property in Carrollton will be within walking distance of two popular Dallas Area Rapid…\n","protected":false},"author":3,"featured_media":138514,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5138],"tags":[82970,5229,65471,82967,7371,7372,82969,358,82968,3187,67,586,132,5230,68,2969],"class_list":{"0":"post-138513","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-fort-worth","8":"tag-alena-savera","9":"tag-america","10":"tag-dallas-area-rapid-transit","11":"tag-first-citizens-bank","12":"tag-fort-worth","13":"tag-fortworth","14":"tag-h-i-g-capital","15":"tag-texas","16":"tag-the-nrp-group","17":"tag-tx","18":"tag-united-states","19":"tag-united-states-of-america","20":"tag-unitedstates","21":"tag-unitedstatesofamerica","22":"tag-us","23":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115013431256315773","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/138513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=138513"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/138513\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/138514"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=138513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=138513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=138513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/p>\n<\/p>\n