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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
Capital Markets | Land Services
+ 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.
FOR SALEMULTI-FAMILY & MIXED-USE LAND
SUBJECT
COMMODORE @ MIDTOWN PARK10550 N CENTRAL EXPRESSWAY
DALLAS, TEXAS
© 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.
Capital Markets | Land Services
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%
FOR SALEMULTI-FAMILY & MIXED-USE LAND
COMMODORE @ MIDTOWN PARK10550 N CENTRAL EXPRESSWAY
DALLAS, TEXAS
Capital Markets | Land Services
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
FOR SALEMULTI-FAMILY & MIXED-USE LAND
COMMODORE @ MIDTOWN PARK10550 N CENTRAL EXPRESSWAY
DALLAS, TEXAS
SUBJECT
THE MARK | 274 units
Capital Markets | Land Services
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
© 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.
FOR SALEMULTI-FAMILY & MIXED-USE LAND
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]
COMMODORE @ MIDTOWN PARK10550 N CENTRAL EXPRESSWAY
DALLAS, TEXAS
Capital Markets | Land Services
FOR SALEMULTI-FAMILY & MIXED-USE LAND
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
COMMODORE @ MIDTOWN PARK10550 N CENTRAL EXPRESSWAY
DALLAS, TEXAS
Capital Markets | Land Services
FOR SALEMULTI-FAMILY & MIXED-USE LAND
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.
COMMODORE @ MIDTOWN PARK10550 N CENTRAL EXPRESSWAY
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
Capital Markets | Land Services
FOR SALEMULTI-FAMILY & MIXED-USE LAND
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
COMMODORE @ MIDTOWN PARK10550 N CENTRAL EXPRESSWAY
DALLAS, TEXAS
Capital Markets | Land Services
FOR SALEMULTI-FAMILY & MIXED-USE LAND
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
COMMODORE @ MIDTOWN PARK10550 N CENTRAL EXPRESSWAY
DALLAS, TEXAS
Capital Markets | Land Services
FOR SALEMULTI-FAMILY & MIXED-USE LAND
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
COMMODORE @ MIDTOWN PARK10550 N CENTRAL EXPRESSWAY
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]