for sale commodore @ midtown park multi-family & …€¦ · dallas love field airport 8,600...

Capital Markets | Land Services

N

MA

ND

ERVI

LLE L

N

230,546 VPD

UNIVERSITY PARKSF Homes $1,528,076

PRESTON HOLLOWSF Homes $1,226,169

DOWNTOWN DALLAS92,000 Employees

PRESTON HOLLOW VILLAGETrader Joe’s | Blue Sushi

WALNUT HILL DART STATION

DALLAS LOVE FIELD AIRPORT8,600 Employees

UPTOWN DALLAS84,000 Employees

75

NORTHPARK MALL#1 Tourist Destination in Texas

2,753 Employees

U.S. 75 & NORTHWEST HIGHWAYMost Shopped Intersection in Texas

THE SHOPS AT PARK LANEUrban Mixed-Use Hybrid

Whole Foods

WALNUT HILL LN

THE HILL SHOPPING CENTER

GREENVILLE AVE WALNUT HILL LN

COMMODORE @ MIDTOWN PARK10550 N CENTRAL EXPRESSWAY

DALLAS, TEXAS

FOR SALEMULTI-FAMILY & MIXED-USE LAND

SUBJECT

THE MARK

274 units

MERION AT MIDTOWN PARK

Hines | From the $450’s


+ SIZE: ±4.5 Acres

+ FRONTAGE: ±155’ on Manderville Ln

+ SCHOOL DISTRICT: Dallas ISD

+ ZONING: PD 895 - Residential, Retail, Office & Medical

+ UTILITIES: Available

+ TRAFFIC: ±227,000 vpd on N Central Expressway

+ COMMUTE TO DOWNTOWN/UPTOWN: 8 miles

+ PRICE: Encouraging qualified offers

SITE DESCRIPTION

1 Mile 3 Mile 5 Mile

Estimated Population 14,735 160,180 412,385

Estimated Avg Household Income

$76,262 $108,790 $112,999

DEMOGRAPHICS MANDERVILLE LN

75

© 2018 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.


SUBJECT


DALLAS, TEXAS



SITE DETAILS

ZONING PD 895

PERMITTED USES

INCLUDE

Multi-Family, Office, Hotel,

Recreation and others

MAXIMUM DENSITY 1,650 units in District

MAXIMUM HEIGHT 270 feet

MINIMUM SETBACKS 10-15 feet

MAXIMUM FAR

3.8 for lodging / office uses

3.75 for retail / personal service uses

4.0 for all uses combined

MAX LOT COVERAGE 80%



DALLAS, TEXAS


230,

546

VPD

MANDERVILLE LN

ROYAL OAKS COUNTRY CLUBROYAL LNROYAL LN

THE GALLERIA45,000 Employees

MEADOW CENTRAL MARKET

PARK CENTRAL

N

75

75635

635

MEDICAL CITY DALLAS HOSPITAL1,748 Doctors | 1,047 Nurses

MIDTOWN REDEVELOPMENT$4B Renovation

FOREST PARK MEDICAL CENTER



DALLAS, TEXAS

SUBJECT

THE MARK | 274 units


N

635

30

35E

80

114

183

12

7875

30

35E

635

12

MEDICAL DISTRICT40,000 Jobs

TEXAS HEALTH PRESBYTERIAN

HOSPITAL2,753 Jobs

THE GALLERIA45,000 Jobs

PARK CENTRAL15,000 Jobs

DALLAS LOVE FIELD8,600 Jobs

DOWNTOWN92,000 Jobs

UPTOWN84,000 Jobs

PRESTON CENTER8,140 Jobs

CITYLINE12,900 Jobs

75

63578

PARK LANE / NORTHPARK

8,000 Jobs

10550 N CENTRAL

EXPY

AREA MAP



CONTACT US

JEREMY FALTYSSenior Vice President+ww1 214 979 [email protected]

MARTY NEILONFirst Vice President+1 214 979 [email protected]

MATT OWENSenior Financial Analyst+1 214 979 [email protected]


DALLAS, TEXAS



DALLAS MARKET OVERVIEW

The Dallas/Fort Worth Metroplex (DFW) is a dynamic and rapidly growing,

12-county region encompassing 150 municipalities, including Dallas, Fort

Worth, Arlington, and Plano. Covering 9,286 square miles, DFW is home

to more than 7.1 million people, making it the largest metropolitan area in

the southern United States and the fourth largest in the U.S.

Dallas/Fort Worth ranks among the top markets for property investment

due to the metro’s sustained economic and demographic growth and its

reputation as one of the most business-friendly environments in the U.S.

Moody’s estimates that DFW’s gross area product (GAP) will exceed $424

billion in 2016, up from $414 billion in 2015. The Perryman Group, a

Texas-based economic and financial analysis firm, projects that DFW’s GAP

grow at an annual rate of more than 4% through 2020.

7.1 MPOPULATION

9,286SQUARE MILES

12COUNTIES


DALLAS, TEXAS



in

NEW YORKGreatbatchHMS Holdings Signature Systems GroupSix Flags Entertainment

ILLINOISBar Louie Restaurant GroupFerris ManufacturingNeovia Logistics ServicesTopGolf

MICHIGANComerica* MASSACHUSETTS

NTT Data Inc.VCE

CONNECTICUTAccudyne Industries

iCall Inc.Revere Capital LLC

SAN ANTONIOAT&T*Christus Health

ARKANSASGolden Living

HOUSTONInx Inc.Magnum Hunter ResourcesU.S. Concrete

FLORIDACCS MedicalFiesta Restaurant Group

GEORGIANYLO Hotels

MISSOURIGKN Aerostructures*

ALABAMATorchmark*Zoes Kitchen

TENNESSEEDynamic Energy Alliance

NEW JERSEYComparex

CVE Technology Group

NEVADACoreSpace COLORADO

Cagney Global LogisticsHarris Broadcast

MINNESOTAMoneyGramSpeed Commerce (Navarre)

WASHINGTONAllied BioScienceBlucora

CALIFORNIA

AccentCareJacobs Engineering GroupPrimorisRaytheon Space and AirborneSystems (SAS) Toyota North AmericaToyota Industries

OKLAHOMAGlobal Power Equipment Group Inc.HiltiLinkAmerica

AUSTINGreenstream

Seven Hills Commercial

NEBRASKAHeartland

Automotive Services

WHY DALLAS?CORPORATE RELOCATIONS

DALLASDEVELOPMENT

DESTINATION

Fueled by its low-cost, low-tax and

high-quality corporate environment,

DFW has enjoyed a sustained period of

economic and population expansion as

local companies expand their presence

and others relocate to this much sought-

after, central U.S. location. Downtown

Dallas is the heart of the local business

community, with a workforce of 135,000

people and a concentration of the city’s

most prestigious and creative firms. In

the last 15 years, downtown Dallas has

experienced its most significant wave

of development and revitalization,

which continues today. New retailers

and cultural spots are opening at a

rapid pace; the bustling activity is wide

ranging from new loft apartments and

trendy restaurants to performance halls

and mixed-use projects.

North Texas has nearly 90 tower cranes in operation–more than anywhere else in the US currently.


DALLAS, TEXAS

Dallas/Fort Worth is home to more than 10,000 corporate headquarters, the largest concentration in the U.S. As a leading business and financial center, the DFW metro boasts an excellent quality of life with amenities including the arts, professional sports organizations and a wide array of entertainment destinations. According to the Dallas Regional Chamber, Dallas/Fort Worth is regularly identified as one of the nation’s top markets for new and expanded corporate facilities. DFW has attracted an impressive list of expansions or relocations that spans several diverse industries, maintaining a “Top 5” position for such investments across the United States.

MORE THAN

10,000CORPORATE

HEADQUARTERS



WORLD’S THIRD-BUSIEST AIRPORT

2ND

3RD

(3.1%)

HIGHLY DESIRABLE CENTRAL U.S. LOCATION WITH THE

FASTEST GROWING METRO IN THE U.S.(±400 NEW RESIDENTS EACH DAY)

HIGHEST PROJECTED JOB

GROWTH THROUGH 2020(452,470 JOBS OVER FIVE YEARS)

IN REVENUE GENERATED FROM FORTUNE 500 COMPANIES

MORE THAN

COMPANIESHEADQUARTERED

IN DFW.

PRO-BUSINESS ENVIRONMENTWITH

LOW COSTS OF LIVING AND DOING BUSINESS

22 200#2

MORE THAN 650,182 RESIDENTS WERE ADDED

FROM 2010 TO 2015 AND OVER 10.6 MILLION PEOPLE ARE EXPECTED TO LIVE IN DFW IN 2040.

TOP ANNUAL JOB GROWTH RATE

AMONG THE LARGEST U.S. METROS.

UNEMPLOYMENT RATE (3.8%) REMAINS

WELL BELOW THE NATIONAL AVERAGE

(4.9%, SEASONALLY ADJUSTED).

FORTUNE 500 HEADQUARTERS

WORLD’S THIRD-BUSIEST AIRPORT

2ND

3RD

(3.1%)

HIGHLY DESIRABLE CENTRAL U.S. LOCATION WITH THE

FASTEST GROWING METRO IN THE U.S.(±400 NEW RESIDENTS EACH DAY)

HIGHEST PROJECTED JOB

GROWTH THROUGH 2020(452,470 JOBS OVER FIVE YEARS)

IN REVENUE GENERATED FROM FORTUNE 500 COMPANIES

MORE THAN

COMPANIESHEADQUARTERED

IN DFW.

PRO-BUSINESS ENVIRONMENTWITH

LOW COSTS OF LIVING AND DOING BUSINESS

22 200#2

MORE THAN 650,182 RESIDENTS WERE ADDED

FROM 2010 TO 2015 AND OVER 10.6 MILLION PEOPLE ARE EXPECTED TO LIVE IN DFW IN 2040.

TOP ANNUAL JOB GROWTH RATE

AMONG THE LARGEST U.S. METROS.

UNEMPLOYMENT RATE (3.8%) REMAINS

WELL BELOW THE NATIONAL AVERAGE

(4.9%, SEASONALLY ADJUSTED).

FORTUNE 500 HEADQUARTERS


DALLAS, TEXAS



Dallas/Fort Worth is the leading job growth market in the United States

RANK MSATOTAL

EMPLOYMENTANNUAL JOB

GROWTHANNUAL JOB GROWTH %

1 Dallas-Fort Worth-Arlington, TX 3,683,700 100,400 2.8%

2 New York-Newark-Jersey City, NY-NJ-PA 9,767,700 89,300 0.9%

3 Atlanta-Sandy Springs-Roswell, GA 2,785,100 56,000 2.1%

4 Miami-Fort Lauderdale-West Palm Beach, FL 2,695,400 52,000 2.0

5 Los Angeles-Long Beach-Anaheim, CA 6,125,600 50,700 0.8%

WORKFORCE


DALLAS, TEXAS



ECONOMY

JOB GROWTH SINCE 2010

0

1

2

3

4

5

Aug-

10

Jan-

11

Jun-

11

Nov

-11

Apr-

12

Sep-

12

Feb-

13

Jul-1

3

Dec

-13

May

-14

Oct

-14

Mar

-15

Aug-

15

Jan-

16

Jun-

16

Nov

-16

$577B CURRENT DFW GDP IN 2017

LARGEST GDP INTHE WORLD

TEXAS IS

3.6M

#10

NORTH TEXAS EMPLOYEES IN 2017

100,400JOBS ADDED

PAST 12 MONTHS THROUGH JANUARY 2017

2.8%JOB GROWTH


DALLAS, TEXAS

11-2-2015

Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material informaƟon about the property or transacƟon received by the broker;• Answer the client’s quesƟons and present any offer to or counter-offer from the client; and • Treat all parƟes to a real estate transacƟon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly; • May, with the parƟes' wriƩen consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon. • Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

ᴑ that the owner will accept a price less than the wriƩen asking price; ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; andᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

CONTACT US

JEREMY FALTYS Senior Vice President+1 214 979 6384 [email protected]

MARTY NEILON First Vice President+1 214 979 6134 [email protected]

MATT OWEN Senior Financial Analyst+1 214 979 6541 [email protected]

for sale commodore @ midtown park multi-family & …€¦ · dallas love field airport 8,600...

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