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The latest properties will comprise the site of the DFW Park 161 master-planned project, encompassing four global e-commerce hubs known as Logistic Centers 8, 9, 10 and 11 with more than 2.4 million square feet.
The two firms sold the Solis Waverly, a 375-unit luxury multifamily property to Dallas-based Lan Properties/Lantower Residential for $84.4 million. They also traded the 194-unit Solis Ballantyne for $44.2 million to Continental Realty Corporation of Baltimore.
Faris Lee's Rick Chichester breaks down the interplay of these market drivers and offers some guidance on strategizing for 2019 in this Exclusive ICSC video.
Fred Allen, Allen Matkins, Bill Devine, Mike Matkins, Sandy Jacobson, Oscar Uranga, IMG Construction Management, Timothy Strader, Starpointe Ventures, Sarah Catz, Vectis Strategies
The James is a newly developed 236-unit apartment building located at 251 Admiral Cochrane Drive. The property was developed and constructed by JLB Partners in 2017.
The 1.64-million-square-foot portfolio was previously owned by First Potomac Realty Trust, which DSC founders and partners Douglas Donatelli and Nick Smith founded in 1997 and ran until 2015.