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In this <b>EXCLUSIVE</b>, KTGY Architecture + Planning's Jonathan Boriack discusses the latest design trends in for-sale communities in urban infill locations and some of the factors impacting those trends.
Robert Lachapelle of CBRE's Atlanta office, and Ann Cone of CBRE's FHA lending platform, arranged the 40-year, 100 percent non-recourse, fixed-rate loan on behalf of the borrower, CC NVB.
"The lease at 2 Clarke Drive not only met Experic's current size needs, but offers enough room to accommodate the company's expansion,” says Cushman & Wakefield's Todd Elfand.
"AREP is actively working on additional acquisitions to complement its growing portfolio in the market," says Paul Schulman, AREP principal and chief operating officer.
As of now, 55,000 units are set to deliver between the last half of this year and 2021, and while new units are being added across the metroplex, the lion's share are in Dallas and to the north-central suburbs.
"Diversity is essential to all real estate organizations and is simply good business—and that includes not just racial and ethnic diversity, but diversity based on gender and sexual orientation as well."
The four-story 139,431-square-foot building, estimated to cost approximately $56.3 million to complete, will be built on the southwest corner of Clark Avenue and 1st Street on a one-acre parcel.