Press Release

CBRE Arranges Sale of Office, Retail, Multifamily and Land at Frisco Square

1월 3, 2018

CBRE Capital Markets announces the sale of a large portion of Frisco Square, including three office buildings and two multifamily buildings all with ground-floor retail, the Cinemark Theatre, and additional land development sites. Located within a premier, mixed-use development in one of the nation’s fastest-growing cities, the offering includes over 213,000 square feet of Class A office and retail space along with 144 Class A multifamily units.

An affiliate of Maxus Realty Trust, Inc. acquired the properties. CBRE’s Evan Stone, Gary Carr, John Alvarado, Eric Mackey, Robert Hill, Jared Chua, Ryan Reid, Jeremy Faltys, and Nita Stewart arranged the transaction on behalf of the seller.

“Frisco Square presented investors a truly unique investment opportunity,” said Evan Stone, Senior Vice President at CBRE. “It offers a true live-work-play in an urban environment within a rapidly expanding suburban market featuring superior demographics, robust job and population growth, and unprecedented capital investment.”

“Frisco Square offered Maxus Realty Trust, Inc. the opportunity to continue the collaborative plans with the City of Frisco, one of the most dynamic multifamily and office markets in the country,” said Jeremy Faltys, Senior Vice President at CBRE. “Through CBRE's multi-disciplined platform, the seller was able to realize their investment on this truly visionary mixed-use development.”

The property’s office space is 92 percent leased, and its retail space is 66 percent leased to popular retailers and restaurants such as Cinemark, Barre 3, Mattito’s Tex Mex, and Jake’s Uptown Burgers. Additionally, the Plaza at Frisco Square apartment community is 95 percent leased.

Strategically positioned at the intersection of the Dallas North Tollway and Main Street, Frisco Square is located steps from Toyota Stadium, home to FC Dallas professional soccer team and soon to be completed National Soccer Hall of Fame Museum. Within ten minutes of Frisco Square are Legacy West and Frisco’s “$5 Billion Mile,” which includes the Dallas Cowboys’ new headquarters office and practice facility.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.