This Week's Dallas-Fort Worth Deal Sheet: $3B The Mix Development To Fix Huge Hole In Frisco
Work is underway on a $3B development that will fill the huge hole abandoned along the Dallas North Tollway in Frisco following a failed project in 2017.
Developers behind the 112-acre mixed-use development The Mix broke ground in Frisco last week. The project will boast more than 2M SF of office space, 375K SF of retail, a pair of hotels and 3M SF of residential. The first phase of the project will see work on 28 of the northernmost acres along Lebanon Road.
“This piece of land has been a troubled spot for Frisco for years, and we are happy to create something beautiful and useful here, delivering what the Frisco community has long awaited,” The Mix Head of Development Tim Campbell said in a statement. “The Mix will revitalize this part of the city by incorporating inviting open spaces, striking architectural design and amenities.”
Torti Gallas + Partners designed the master plan for the project. Kimley-Horn is providing planning and design engineering, MIG is handling landscape architecture, StreetLights Residential is overseeing mixed-use development, The Retail Connection is overseeing retail leasing, and JLL is marketing the office and medical space. Infrastructure work for the first phase is being done by AECOM Hunt.
“The Mix is an amenity-rich location for businesses that recognize their employees prefer a work environment surrounded by a vibrant, convenient mixed-use space,” JLL Executive Managing Director T.D. Briggs said in a statement.
PEOPLE
Newmark promoted Ran Holman to Southeast market leader. Based in Dallas, Holman has been Newmark’s Texas market leader since 2020. He will now oversee business management and performance across Texas, Florida, Georgia, North Carolina, Oklahoma, South Carolina and Tennessee.
SALES
Marcus & Millichap facilitated the sale of a 29K SF development at 2622, 2626, 2630 and 2636 N. Henderson Ave. in Dallas. Marcus & Millichap’s Joe Santelli and David Fersing marketed the four contiguous lots on behalf of the seller, a private investor.
***
Westwood Financial Corp. sold the more than 77K SF Quorum II Plaza in Addison to Last Mile Investments. Built in 1981, Quorum II Plaza is on 5.7 acres and had an occupancy rate of 93% at the time of the sale. JLL Capital Markets' Adam Howells, Barry Brown, Chris Gerard and Erin Lazarus represented the seller.
***
Blue Ocean purchased the 184-unit Villa Ladera property at 2910 Prichard Lane in Dallas from a private seller for an undisclosed price. Built in 1972, Villa Ladera had been owned by the undisclosed seller since 2017. The new owner plans to renovate and enhance several units. Villa Ladera was 96% occupied at the time of the sale. CBRE’s Chris Deuillet and Matthew Pastrano represented the buyer and seller. CBRE’s Josh Berde, Andrew Woertendyke and Peyton Chur arranged the loan for the buyer.
***
Rockhill Capital & Investments sold a 1,807-acre property in New Fairview to Lennar, which intends to add 4,000 homes and additional multifamily units to the property. The site, now called Ranchland, is near County Line Road and FM 407. Work is slated to begin this summer, with homes expected to be available in summer 2028.
***
Bellomy Capital purchased Uptown Plaza at 2222 McKinney Ave. in Uptown Dallas. JLL’s Jonathan Carrier arranged the deal, while Bellomy Capital was represented by Stream Realty Partners. Bellomy Capital will team with Stream Realty Partners to manage the development. Shop Cos.’ Thomas Glendenning will oversee leasing.
***
Cox Hospitality Group sold the 70-room Hampton Inn Sulphur Springs to a Texas-based private investor. Located at 1202 Mockingbird Lane in Sulphur Springs, the hotel was built in 2010 on around 2.5 acres. Marcus & Millichap’s Skyler Cooper marketed the property on behalf of the seller and procured the buyer with assistance from the firm’s Allan Miller and Chris Gomes.
***
A New York-based investment group acquired 4.7 acres at 320 Payton St. in Sherman for a commercial development that could include hospitality opportunities. The all-cash sale closed within 45 days, though the sale price wasn't disclosed. Younger Partners’ Tom Grunnah and Luke Nolan represented the undisclosed seller, while the firm’s Nan Li represented the buyer.
***
Venu Holding Corp. closed on the 46-acre property for its planned 20,000-seat outdoor music venue in McKinney. The groundbreaking for The Sunset Amphitheater at McKinney is expected to be held this spring.
LEASES
Sunon Furniture LLC leased more than 34K SF of office and warehouse space from EastGroup Properties LP. The facility is at 2741 Basswood Blvd. in Fort Worth. Bradford Commercial Real Estate Services’ Todd Lambeth and Luke Clardy represented the tenant, while NAI Robert Lynn’s Todd Hubbard and Joe McLiney represented the landlord.
***
Superior Traffic Control LLC leased a 2-acre tract from 6320 Eden LLC to go with another 2 acres it already had leased at 6604-6306 Eden Road in Haltom City. Bradford Commercial Real Estate Services’ Luke Clardy represented the tenant, while the landlord used in-house representation.
***
Stryker Orthopaedics renewed its more than 18K SF office and warehouse lease in Marsh Business Park East at 15160 Marsh Lane in Addison. Bradford Commercial Real Estate Services’ Brian Pafford represented the landlord, GKI Industrial Dallas LLC. JLL’s Conor McCarthy and Brandon Bower represented the tenant.
***
Hisco Inc. renewed 12K SF of flex space in Placid Business Center at 1200 Placid Ave. in Plano. Bradford Commercial Real Estate Services’ Brian Pafford and Jared Laake represented the landlord, Kennington Placid LLC. Mohr Partners’ Sam Picchiotti represented the tenant.
CONSTRUCTION AND DEVELOPMENT
Holt Lunsford Commercial Investments and Principal Asset Management finished work on the 127-acre Gateway Crossing Logistics Park at 1220-1228 Sage Hill Parkway in Forney. The master-planned business park features three buildings with more than 1.7M SF of leasable space. Each of the buildings was designed to service heavy power requirements. Holt Lunsford Commercial will oversee leasing efforts for the business park.
***
Provident Industrial, a division of Dallas-based Provident, has launched the development of the 161K SF A20 Logistics Center at 500 E. Bardin Road in Arlington. The Class-A industrial facility will also feature a 2K SF speculative office. The A20 Logistics Center is scheduled for delivery in Q1 2026. The facility is being developed in partnership with Humphreys Capital and Farmers Bank & Trust. JLL’s Kurt Griffin, Nathan Orbin, Dalton Knipe and Weston King will represent Provident for project leasing.
***
Edged held a grand opening for its new ultra-efficient data center in Irving last week. The nearly 169K SF facility is at 505 N. Wildwood Drive and will deliver 24 megawatts of capacity.
***
The Fox-owned television stations KDFW and KDFI plan to build a 50K SF television studio and content creation center at 2203 W. Royal Lane in Irving-Las Colinas. The two-story building will include studios, a newsroom, offices, technical suites and podcasting studios. The facility is expected to begin operations next year.
FINANCING
Aligned Data Centers completed another round of capital raising, bringing in more than $5B of primary equity and more than $7B of debt commitments to fund platform expansion and innovation. The capital raise encompassed new primary equity from funds managed by Macquarie Asset Management alongside multiple large global investors with significant experience in digital infrastructure.
THIS AND THAT
JPI and Pinnacle Partners launched a $200M workforce housing fund that will include two projects in DFW and one each in California and Washington. The Texas projects are a 415-unit development in Denton designed to serve diverse income levels and a 393-unit development in McKinney.
