$1.5 billion dollar mixed use complex in suburban North Dallas moves forward
Candace Carlisle, Dallas Business Journal
Date: Tuesday, December 13, 2011, 6:06pm CST
Dallas-based Venture Commercial Real Estate announced Tuesday that it brokered the Nebraska Furniture Mart 433-acre land buy in The Colony in four separate land tracts.
The land, located south of State Highway 121 and east of Plano Pkwy., will be the site for a $1.5 billion, mixed-use development anchored by 1.8 million square foot retail and distribution center for Nebraska Furniture Mart.
The center would include 1.2 million square feet of warehouse space, a 546,000-square-foot showroom, and 25,000 square feet of regional corporate office space.
Venture Commercial's Larry Leon, Jonathan Cooper and Bob Moore consulted on the site selection and provided market analysis for the furniture retailer.
The largest of the four land parcels is a 308-acre tract sold by Maharishi Global Development Fund.
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Full article:
http://www.bizjournals.com/dallas/ne...-land-buy.html
Link to original post from 11-09-11:
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