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FLOWER MOUND, TX—Another groundbreaking recently took place here, where retail and office developments continue to score headlines. Set to be complete in summer 2018, the Lakeside Professional Office building is now underway, according to Realty Capital Management.
This 21,750-square-foot class-A speculative office building is located at the southeast corner of Lakeside Parkway and FM 2499. Lakeside DFW Land Ltd., which is majority-owned by the Peter P. Stewart family of Dallas, and Realty Capital Management, have been successful partners in the 150-acre Lakeside DFW mixed-use community, of which the office tract is a part.
“Flower Mound is attracting development because it is a high-income area and has a large suburban population,” Jimmy Archie, managing director of Realty Capital Management, tells GlobeSt.com. “It also has excellent town leadership that promotes and encourages high-quality development. The town has a high ranking as one of the most desirable place to live in the United States, along with a central location in the metroplex and proximity to DFW Airport.”
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
