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Some $100 billion was poured into the asset class during the past decade, which has been matched by a technical shift and major influence by cloud platform providers–Amazon, Google and Microsoft.
The number of large-scale retail projects are few and far between, however supply is plentiful for value-added projects, strip center and single-tenant net lease developments with growing tenants.
JAH Realty LP recently acquired a Tom Thumb shadow-anchored community center and office project with plans for renovations and re-merchandising for the 50%-occupied retail building and vacant office portion.
Amid e-commerce impacts to malls and big-box retailers, Texas net-lease product continues to show impressive demand, says T. Reed Hudson of Stan Johnson Company in this EXCLUSIVE.
Plano added the most office space at slightly more than 10.5 million square feet, a 40% increase, while Irving came in second, adding 4.5 million square feet of class-A and B office space across 21 properties.
The building at 2000 Bishops Gate was constructed in 1988 and renovated in 2019. The Endurance-Thackeray Partners venture acquired the complex in 2017.
A JV between Urban Logistics Realty and a private real estate equity fund advised by Crow Holdings Capital is developing Urban District 30, a class-A industrial project in the northeast intersection of I-30 and I-635.
Trammell Crow's new operating model will create expanded eastern and western regions, and enables the firm to elevate two of its top executives into strategic leadership roles across the country.
Macfarlan Capital Partners' acquisition of the Galderma campus capitalized on strong credit, attractive yield, a desirable asset and an off-market status which created a prime opportunity for its investors.