las colinas

IRVING,
TEXAS
LAS COLINAS
DEVELOPMENT
161
Irving Convention
Center at
Las Colinas
Irving Music
Factory
LAS COLINAS
DEVELOPMENT
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Lake
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OFFERING SUMMARY
INVESTMENT OVERVIEW
HFF, L.P. and CSE Commercial Real Estate have been exclusively retained by the Owner to offer qualified investors the
opportunity to purchase a waterfront, mixed-use transit oriented development opportunity (the “Site”), consisting of 26.68
acres situated prominently on Lake Carolyn in the Las Colinas community of Dallas-Fort Worth (“DFW”). Las Colinas is
a 12,000-acre master-planned business and residential community located in the heart of DFW immediately adjacent to
DFW International Airport. The Site offers investors the opportunity to develop a significant tract of waterfront property in
the most desired corporate environment in the nation’s fourth largest MSA.
IRVING CONVENTION CENTER
IRVING MUSIC FACTORY
INVESTMENT HIGHLIGHTS
TRANSIT ORIENTED DEVELOPMENT
The Offering is adjacent to the Dallas Area Rapid Transit (DART) light rail Irving Convention Center Station, thereby
providing connectivity throughout the DFW Metroplex. The DART orange line connects Las Colinas to downtown Dallas,
DFW International Airport, Dallas Love Field Airport, and the CityLine Development, which includes State Farm and
Raytheon’s new corporate offices.
DYNAMIC OFFICE MARKET
In 2014, DFW was a top three MSA nationally in net absorption with 6.2 million square feet with major corporate relocations and expansions including
State Farm, Toyota, FedEx Office, GE Capital, and NEC. Las Colinas was a major driver of DFW absorption with over 900,000 square feet in 2014.
Additionally, Dallas was recently ranked as the 8th “best office market in the United States” by Morgan Stanley.
BOURGEONING LIVE-WORK-PLAY ENVIRONMENT
Two new mix-use developments: Water Street and the Irving Music Factory will bring true live-work-play developments to the immediate area. Water
Street will be developed on 14 acres of waterfront property and feature 315 multifamily units and 60,000 square feet of retail. The Irving Music Factory
is a $173 million mix-use complex that will include an 8,000 seat amphitheater and is destined to become the entertainment epicenter of Las Colinas.
MUSTANGS AT LAS COLINAS
Dallas CBD
PROPERTY OVERVIEW
LOCATION
500 W. Northwest Highway
Irving, TX 75039
SIZE
26.68 acres
ZONING
Neighborhood Commercial
PERMITED USES
Multifamily, Office, Retail, Hotel
WATER STREET DEVELOPMENT
COMING 2017
LAS COLINAS
DEVELOPMENT
Parcel A:
11.06 acres
Parcel B:
15.62 acres
1,4
58
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PD
IRVING MUSIC FACTORY
COMING 2016
12
DART Orange Line
Irving Convention
Center at Las Colinas
Northwest Highway
28,384 VPD
DART Light
Rail Station
FAVORED LOCATION FOR BLUE CHIP CORPORATIONS
Las Colinas’ reputation as a corporate mecca is illustrated by the more than 2,000 companies, including over 30 on the
Fortune 500, that have a presence in Las Colinas. Six Fortune 500 companies maintain mission-critical global headquarter
facilities within Las Colinas.
ATTRACTIVE RESIDENTIAL COMMUNITY
Las Colinas currently has over 2,500 multi-family units recently delivered or in the pipeline representing 11% of the current
market supply and 4,600 single family homes. New developments continue to build upon extensive in-place walkability
with over 4,500 acres of open space and waterways for running and hiking.
DALLAS-FORT WORTH - THE ECONOMIC ENGINE OF TEXAS
The DFW Metroplex has been the United States’ focal point for job growth with over 121,700 new jobs from July 2014 to
July 2015. The strong historical trend is expected to continue as DFW is projected to generate 484,400 new jobs from
2014 through 2019, ranking first in the nation in job growth according to Moody’s.
PREMIER REGIONAL ACCESS
The Offering provides easy access to State Highway 114, State Highway 161, US Interstate 635 and Northwest Highway
and lies just 6 miles from DFW International Airport – the world’s third-busiest airport.
SOUTHLAKE
ER
PR
E
TROPHY
CLUB
NOKE
FLOWER MOUND
Grapevine
Lake
GRAPEVINE
CARROLLTON
COPPELL
ENT GEORGE BUSH T
SID
UR
NP
I
KE
SACHSE
RICHARDSON
FARMERS
LAS COLINAS
BRANCH
Preston
LAS COLINAS
DEVELOPMENT
COLLEYVILLE
BEDFORD
IRVING
EULESS
TOLLWAY
NORTH
ICHLAND
HILLS
DALLAS
LOVE FIELD
AIRPORT
DALLAS NORTH
Dallas/Fort Worth
International
Airport
WYLIE
MURPHY
Addison
Airport
ADDISON
North
Lake
PLANO
GARLAND
Lake
Highlands
Hollow
ROWLETT
University
Park
Highland
Park
30
Lake Ray Hubbar
White Rock
Lake
Lakewood
HURST
TY
Uptown
DALLAS
ARLINGTON
CBD
30
30
820
GRAND PRAIRIE
MESQUITE
OAK CLIFF
Mountain
Creek Lake
Lake
Arlington
DALWORTHINGTON
GARDENS
SUNNYVALE
30
45
BALCH
SPRINGS
20
DUNCANVILLE
HUTCHINS
SEAGOVILLE
20
Joe Pool
Lake
DE SOTO
LANCASTER
45
CEDAR HILL
MANSFIELD
ADDITIONAL INFORMATION
FERRIS
BEN BEAIRD | Director
[email protected] | 469.692.4706 MIDLOTHIAN
2323 Victory Avenue, Suite 1200
BOBBY STEWART
[email protected] | 469-417-0102
TEL: 214-265-0880 | FAX: 214-265-9564
Dallas, TX 75219
hfflp.com
JOHN CALLAHAN | Analyst
[email protected] | 469.232.1920
4956 N. O’Connor Road
Irving, TX 75062-2716
TEL: 469-417-0102 | FAX: 469-417-0104
©2015 Holliday Fenoglio Fowler, LP (“HFF”) and HFF Securities LP (“HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital
markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, advisory
services, structured finance, private equity, loan sales, and commercial loan servicing.
Holliday Fenoglio Fowler, L.P. (“HFF”) has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we
make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific
information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from
that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.