Everything you wanted to know about the Urban Core, Uptown and Downtown Dallas, Texas & Dallas Ft. Worth Area Real Estate - Its growth, prosperity, setbacks and unprecedented revitalization is told here...Randall Turner of Harvard Companies, Inc 214-373-0007, 3500 Oak Lawn Avenue, Suite 325, Dallas, Texas 75219
Wednesday, June 14, 2017
Texas Live! Creates Exclamation Point-Type Buzz
ARLINGTON, TX—Arbors at Brookhollow is an 113,500-square-foot class-A multi-tenant office building at 2201 E. Lamar Blvd. featuring underground parking on a 7.94-acre site in Arlington’s Entertainment District.
The Texas Live! project will feature a 100,000-square-foot entertainment complex.
ARLINGTON, TX—Built in 1999, Arbors at Brookhollow is an 113,500-square-foot class-A multi-tenant office building at 2201 E. Lamar Blvd. It features underground parking on a 7.94-acre site in Arlington’s Entertainment District.
Private investment group, Arbor Hui LLC, recently purchased the asset from CRE Brookhollow LLC for an undisclosed price. Transwestern capital markets group managing director Mike Hardage and senior associate Matthew Otte negotiated the transaction on behalf of the seller.
“Arlington has seen an increasing amount of investor interest as the Dallas-Fort Worth metro continues to attract foreign and domestic capital,” said Hardage. “Arbors at Brookhollow presented a compelling opportunity to acquire an investment grade rent roll with future leasing upside.”
Arbors at Brookhollow was 76% leased at the time of sale to a diverse roster of tenants, anchored by investment-grade companies Xerox (Conduent) and Farmer’s Insurance.
The Entertainment District is home to the Texas Rangers’ Globe Life Park and the Dallas Cowboys’ AT&T Stadium, as well as an array of restaurants, retail centers and hotels. Several mixed-use developments are also underway in the surrounding area, including the Texas Live! project that will feature a 100,000-square-foot entertainment complex and 300-room hotel adjacent to Globe Life Park.
“Texas Live! is a $250 million entertainment, restaurant and hotel development that is being developed by The Cordish Companies in partnership with the Texas Rangers. It will reside between the Texas Rangers’ new $1 billion ballpark and AT&T Stadium, home of the Dallas Cowboys.