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Due for completion in 2021, the property will include two 12-story buildings connected by a concrete corridor that will house 109 condominium units above a ground-floor lobby and 5,010 square feet of retail.
Stable economic drivers have helped Las Colinas multifamily properties to sustain high occupancy and support good rent growth and as a result of a humming submarket, The Brandt was attractive to a recent buyer.
NorthPoint Development LLC nabbed the site located at US 90 and Uvalde Road where it plans to develop a 2.5 million-square-foot master-planned industrial park called NorthPoint 90 Logistics Center.
Rose Orchard has recently been modernized and the tenant mix aligns with the firm's strategy of acquiring single-tenant corporate properties in key growth markets across the United States.
RealPage Market Analytics is a lease transaction-driven market research platform that reportedly provides 100% visibility into performance data that is critical to making investment decisions.