Hillwood acquires Freeport Business Center, a Class A, three-building office portfolio within the Las Colinas/Freeport submarket in Irving, Texas - 34 acres, over 383,000 RSF, adjacent to Dallas Fort Worth International Airport (DFW), and equidistant from I-635 and SH-114. The portfolio boasts a 70% occupancy rate, with space available for lease ranging from 26,406 to 82,500 square feet. Tenants include Northrop Grumman, Yardi, SiriusXM, and, most recently, Boeing. "Hillwood’s decision to acquire the Freeport portfolio is a strategic move to obtain well-located, quality real estate in infill locations around North Texas." - Steve Aldrich, SVP at Hillwood Properties Read More: https://bit.ly/3xT7gre
Hillwood Properties’ Post
More Relevant Posts
-
Fantastic news to end the year
I am pleased to confirm we have pre-let the whole of our 176,000 sq. ft. office scheme at 50 Berkeley Street to Millennium, a global investment firm, for its European HQ. BEAM is currently undertaking a Stiff + Trevillion-designed comprehensive redevelopment of the landmark building, to include new floors, roof terracing, and best-in-class end-of-trip facilities with significantly enhanced amenities and environmental performance. BEAM were represented by Maxim Van Percy Eia Real Estate, Ed Betts RX London and Eversheds Sutherland. Millennium was advised by James Nicholson CBRE and Simmons and Simmons.
To view or add a comment, sign in
-
Some notable stats on the Houston office market for Q2 of 2024. - Two large relocations and downsizings by Apache and Norton Rose Fulbright contributed to occupancy losses in Q2. - TDECU’s 136,600-s.f. and Camden Property Trust’s 104,000-s.f. leases in the Galleria, along with Blue Cross Blue Shield’s 133,600-s.f. expansion in Southwest Houston, were large deals in Q2. With capital expenditure of relocation and space optimization top of mind for tenants, leasing volume was well below Q2 2023’s 3.8 million-s.f total. - Construction activity picked up pace with two groundbreakings: CityCentre Six in Katy Freeway East and One Bridgeland Green in Northwest Houston. You can see more here: https://lnkd.in/gEgDBJfZ
To view or add a comment, sign in
-
Ready to elevate your portfolio? Presented by Richard Egitto, CCIM, The Offices at Victory Ridge, listed at $25,950,000, provides a unique opportunity for an Investor to own in the fast-growing submarket of Northeast Colorado Springs, CO. The Offices at Victory Ridge is a two building class A trophy asset that completed in 2019. It is located just east of Interstate 25 at the southeast corner of InterQuest and Voyager Parkways. While leasing activity declined during the height of COVID-19, the property is now experiencing renewed office and retail interest. It is currently 33.8% leased to credit rated tenants. Designed with expansive windows offering western mountain views, the property features rectangular floor plates, 10’ ceilings, ground floor retail with 18’ ceilings, third-and-fourth-floor balconies, first-floor patio spaces, and a wraparound top floor balcony with unobstructed mountain views. Investment highlights include: ✳ Generous discount to replacement cost ✳ Located in a rapidly growing submarket with robust market fundamentals ✳ Proximate to a significant aerospace, corporate, and healthcare presence including Philips, Oracle, Lockheed Martin, Northrop Grumman, CommonSpirit, and UnitedHealthcare ✳ Part of the greater Victory Ridge development that includes abundant retail, residential, hospitality, a 15-screen Icon Cinema, and regional base of operations and distribution for In-N-Out Burger 🔗 Click the link below to sign a CA and view the offering materials: https://lnkd.in/eszU8jE7 #CapitalMarkets #CREInvestments #OfficeInvestment #CreditTenants #CommercialRealEstate #ColoradoCRE
To view or add a comment, sign in
-
For years, the office sector seems to have been in the back seat of Thelma & Louise’s Thunderbird headed towards a cliff. Pump the brakes! Kudos to our team, the buyer & seller, the City of Eagan (where we’ve been particularly busy over the past few years), and BCBS of Minnesota on this transaction. It’s the type of deal that reminds us real estate isn’t one sized fits all. Amid headlines regarding weakening return to work, corporate campus consolidations, declining investor and lender interest in office assets, high interest rates, and more seemingly negative headwinds, the transaction persisted — and everyone wins because of it. The takeaway: users, investors, and lenders alike must continue to block the noise and follow their own strategy. Perhaps the cliff still lingers but I suspect confronting it won’t be nearly as catastrophic as the fate suffered by the aforementioned Thunderbird and its eponymous drivers. Mark Kolsrud, SIOR, CPMJohn McCarthyPeter LoehrerKyle DelarosbyLydia Turczyn
The Colliers Minneapolis-St. Paul Investment Services Team of Peter Loehrer, Mark Kolsrud, SIOR, CPM, John McCarthy, Kyle Delarosby, and Lydia Turczyn successfully represented their client Net Lease Office Properties in the disposition of the Blue Cross Blue Shield of Minnesota Headquarters located in Eagan, MN. Also known as River Park I & II, the two-building, class A, office property is located in the Burnsville – Eagan – Apple Valley submarket, also known as the airport submarket, of the greater Twin Cities area. With an already multi-decade tenure, Blue Cross Blue Shield of Minnesota has executed a long term re-commitment to fully occupy the property, which will serve as its home-base for the foreseeable future. #ColliersMSP #CapitalMarkets #InvestmentSales #InstitutionalProperties #OfficeSale
To view or add a comment, sign in
-
In New Jersey, the demand gap between small and large buildings is widening. Older small-bay properties (under 50,000 SF) are in high demand with just 3.9% availability. While newer big box spaces (250,000+ SF) struggle with oversupply with 13.6% availability. Limited land in North Jersey has shifted most new big box construction to Central and South Jersey. Three counties—Middlesex, Burlington, and Salem—hold 68% of the available big box space. Since 2023, NJ has added 38M SF of warehouse space, with 17.3M more under construction. This sets the stage for a highly competitive leasing environment in the coming years. For big box tenants, the market is growing more favorable. #nmrk #newmarkgreaterphilly
New Jersey Industrial Owners Grapple With Growing Glut of Empty Big Box Spaces
costar.com
To view or add a comment, sign in
-
#dealoftheweek TAYLOR TEAM RELOCATION, LLC has secured a strategic 50,070 sq. ft. space in Marsh Business Park West, Dallas, consolidating two sites in a proactive move. The copier shipping company signed a long-term lease for 2727 Realty Rd., aiming for a seamless relocation in early January. . Brian Pafford, CCIM, EVP at Bradford Commercial Real Estate Services highlights the swift action, assuring "no downtime between tenants." The new operations hub includes 23,220 sq. ft. of office space and a 26,850 sq. ft. warehouse with nine dock doors. . With strategic planning, the upcoming vacancy is reduced to 31,750 sq. ft. Marsh Business Park West, conveniently located near Addison Airport, is set for a positive start in the New Year. . In the Metropolitan/Addison submarket, boasting a 10.5% vacancy rate, Taylor Team Relocation stands out as a forward-thinking exception. Pafford notes, "We're in a much better position to start the New Year in today's market." Check out the full story: https://ow.ly/7bMq50Qwo6r . #CommercialRealEstate #BusinessExpansion #DallasRealEstate #TaylorTeamRelocation #CRE #bradfordCRE #dfwcommercialrealestate #industrial #landlordrep
To view or add a comment, sign in
-
Site selectors and developers perceive the 70s corridor as an attractive area rich in diverse assets and brimming with future potential. In 2022, approximately 8 million square feet of new space along the corridor was delivered, and about 6.5 million square feet was absorbed by companies desiring to be a part of this thriving environment. There is still ample space available for industrial occupiers looking to grow and expand, with build-to-suit opportunities available, as well as existing facilities tailored to accommodate a diverse range of company and industry needs. Full-service industrial real estate brokerage-focused offices that include CBRE, JLL, Colliers International, and Cushman Wakefield, as well as additional national, regional and local brokerage offices serve industrial clients in the St. Louis region. The top six leases signed in 2022 – representing 2.4 million square feet –were all signed with companies located along the 70s corridor, including Gilmour, Reaction Auto Parts, Spectrum Brands, Tesla, Tempur Sealy and Trane. To learn more about real estate advantages along the 70s corridor, check out this article: https://lnkd.in/gEjW3Pxa
To view or add a comment, sign in
-
Enterprise Solutions - Connectivity | MNS | Unified Communications | Frontier + RingCentral | Network As A Service| Empowering Businesses with streamlined solutions.
Frontier Verified! Excellent location with speeds up to 25GBs!
A big congratulations to Edward Mitchell of Mitchell Property Realty, Inc. on their recent acquisition of 351 30th St. NE in South Hillsborough! Recently rebranded to "Sun City Commerce Center", this +/- 91K SF industrial project is strategically located less than 1.5 miles from I-75, the major North/South artery of Tampa allowing for unrestricted access to all surrounding submarkets. We will have +/- 15,000 SF coming back to market later this year, featuring 24' clear heights, ESFR, and a brand new 1,250 SF spec office. Reach out to our team for more information! John Dunphy | Peter Cecora, SIOR | Olivia Brock | Lindsey Harris #Industrial #JLL #SouthHillsborough #SunCityCommerceCenter #Tampa
To view or add a comment, sign in
-
Independent LIHTC & Capital Consultant | A.CRE Consulting, Financial Modeling & Underwriting Expert for Commercial Real Estate
Reminder: Always take time for yourself, even when the #hustle is real! Here's a quick recap of what I've been up to this week: 1) #Montana #LIHTC deal 2) 5-unit #development model 3) DC Chinatown #hotel deal #financing package 4) #Industrial #model complete for #Houston #PE group 5) #Boston #apartment development model with 15-year tax #abatement 6) Dupont Circle hotel / extended stay #construction financing launched 7) 3 SOWs sent for modeling projects And more... With the changing seasons, I've noticed people are getting sick. Yesterday, I felt like I was coming own with something myself. Maybe it's the result of pushing 120% for seven days straight! While that pace won't slow down anytime soon, I'm prioritizing 6-8 hours of sleep to keep my energy up. 💪
To view or add a comment, sign in
-
The UK has witnessed a sharp rise in the cost of industrial buildings, particularly in key logistical hubs and urban areas where space is naturally at a premium. Given the high costs associated with expanding or acquiring additional industrial space, mezzanine floors are a sound strategic solution for property owners looking to optimise their space. Here’s a 2 minute synopsis as to why: https://bit.ly/47aH20M
To view or add a comment, sign in
2,554 followers
Real Estate Advisor - Cushman & Wakefield Boerke - Madison, Wisconsin
5moGreat Real Estate!