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More large companies across virtually all industries will likely relocate to the area, perhaps several more from the Fortune 500, says John Griggs, co-founder and Co-CEO of Presidium.
With healthy demand and new supply expected to hold steady, the expectation is that DFW rent growth in 2020 should hold in line with 2019's performance and is expected to be greater than Fort Worth's.
Dallas-based Crow Holdings Industrial reports that in addition to this property, the firm currently has a five-million-square-foot development pipeline less than 18 months after commencing regional operations.
The industrial market in North Texas remains strong with demand driven by population and economic growth, positioning the Dallas-Fort Worth industrial market among the most active in the US.
Dallas offers great bang for the buck when it comes to housing, but that's not likely to last as the city is in high demand with one of the highest net migration rates in the country.
The purchase provides new owner Glenstar with a boutique hospitality-inspired repositioning opportunity wherein the firm has planned a multi-million dollar investment campaign that will transform the building.
Succession planning and talent shortfalls are hampering the opportunities presented by large-block options across price ranges and markets, but law firms can still take advantage of broad growth and a favorable leasing environment.
Big boxes centrally located within dense mature markets provide unique long-term investment opportunities, and are attractive to retailers relying on frequent repeat traffic and servicers seeking core locations.
Hunt Real Estate Capital recently provided a Fannie Mae DUS conventional loan in the amount of $12 million to finance the acquisition of a multifamily property, Cedar Ridge Townhomes in Arlington, TX.