D
allas' real estate market has been active in recent weeks as several deals were finalized. A local investor, Precision Investments, purchased five shopping centers in the Dallas-Fort Worth area for $21.725 million. The properties include 380 Marketplace in McKinney, Village at Valley Ranch in Irving, Green Oaks Plaza in Arlington, Crossroads Center in Irving, and Red Oak Village in Red Oak.
The Dallas City Council approved amended plans for Hoque Global's massive mixed-use development in southern Dallas, which will now receive up to $36 million in city subsidies. The project includes hundreds of single-family homes, 1,500 apartments, 1.5 million square feet of commercial space, and over 50 acres of open green space.
CBRE arranged the sale of the Dallas Infill Logistics Portfolio, a collection of 12 light industrial properties across Dallas-Fort Worth, totaling over 1.3 million square feet of industrial space. Bleecker Partners purchased the properties for an undisclosed price.
Other notable deals include Founders Properties acquiring Centerport 1, a 122,259-square-foot infill distribution facility in Fort Worth, and WareSpace purchasing a 241,004-square-foot parcel from M2G Ventures in Farmers Branch. Younger Partners sold 116 acres in Anna to Rockhill Capital and Investments for an undisclosed price.
Several companies have also signed leases or purchased properties in the area. Penguin Packaging Solutions leased 102,497 square feet at Town East Logistics in Mesquite, while Landsea Homes signed a long-term lease at Tower 1320 in Irving. Compatriot Capital signed a full-floor lease at The Douglas in Preston Center, and Wilson Elser announced its move to a new location in the Santander Tower.
Additionally, AMLI Residential purchased the former Midway Square Shopping Center in Dallas for its AMLI Treehouse project, which will include 570 luxury apartments and 56 for-sale townhomes. Creation announced it would start on two projects: 635 Exchange in Dallas and Triad 820 north of Fort Worth. Stockdale Capital Partners acquired Frisco Medical Village, a nearly 38,000-square-foot outpatient facility in Frisco. Lovett Industrial broke ground on 21 Logistics Park, a 27-acre urban infill development in Coppell and Lewisville.
