This Week's Dallas-Fort Worth Deal Sheet: AMAC Development Scores $34M Refi Loan In Lewisville
Affinius Capital closed on a $34M loan to AMAC Development to refinance Main & Mill Apartments in Lewisville.
The newly delivered 203-unit multifamily property includes more than 6,000 SF of retail space. Main & Mill is located in downtown Lewisville near Interstate 35 East.
More than two-thirds of Main & Mill’s apartments offer one bedroom, with the rest featuring a two-bedroom layout. Community amenities include a resort-style pool, a fitness center, dog wash stations and a community kitchen.
A JLL team led by Lauren Kaufman arranged the financing.
PEOPLE
Colliers appointed Ted Brooks managing director for valuation and advisory services in the company’s Dallas office. Brooks has nearly 40 years of experience in real estate valuation. He was most recently managing director at JLL.
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Remington Hospitality named Brian Ehrlich as its senior vice president of business development. Ehrlich will identify new market opportunities, strengthen key partnerships and expand the company’s presence. Ehrlich joins Remington Hospitality with more than 30 years of experience in the hospitality industry.
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JPI hired Jay Parsons as economic advisor in a part-time role. Parsons has 16 years of experience in the industry.
SALES
Dallas-based Younger Partners Investments sold three restaurant land parcels at the Midlothian Towne Crossing shopping center. The parcels sold include Chili’s Bar & Grill at 2250 FM 663, a McDonald’s at the corner of Highway 287 and FM 664, and Chick-fil-A at 2010 FM 663. CBRE’s Jared Aubrey and Michael Austry represented Younger Partners Investments in the sale to undisclosed buyers. The sale prices were not disclosed.
Built in 2019, Chili’s is located on a 1.7-acre pad site and has a 10-year lease. The McDonald’s location was built in 2022 on just over 1 acre and the restaurant also has a long-term lease. Chick-fil-A was built in 2018 on a 1.73-acre pad site with a 20-year lease.
LEASES
Mid-Cities Classics Inc. renewed 12K SF of flex space in Assured Business Park at 10728 S. Pipeline Road in Hurst. Bradford Commercial Real Estate Services’ Jason Finch and Michael W. Spain represented the landlord, Euless Industrial LLC, in the deal.
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Geekoto leased nearly 12K SF of flex space at 1362-1366 W. Carrier Parkway in Grand Prairie from First Industrial Texas. Bradford Commercial Real Estate Services’ Jim Ferris represented the tenant, while CBRE’s Brian Gilchrist and Steve Koldyke represented the landlord.
CONSTRUCTION AND DEVELOPMENT
Leon Multifamily delivered the first units at the 360-unit Lakesound luxury lakeside community in Hickory Creek. Located near Lewisville Lake, Lakesound offers amenities such as a sparkling pool, fitness center and walking trails.
THIS AND THAT
Boutique investment firm Rising Phoenix Capital launched the $20M La Plata Peak Income Fund. The firm’s income strategy focuses on acquiring producing royalties in premier basins such as the Permian Basin, Haynesville Shale, Marcellus Shale, DJ Basin and Eagle Ford Shale.
