Commercial Real Estate

Maxus Realty Trust Buys Large Portion of Frisco Square

Kansas City, Missouri-based REIT purchased three office buildings and two multifamily buildings all with ground-floor retail in Frisco Square.

Kansas City, Missouri-based Maxus Realty Trust has purchased three office buildings and two multifamily buildings all with ground-floor retail in Frisco Square near Dallas North Tollway and Main Street in Frisco. The buildings include 213,000 square feet of office space, 144 apartment units, and the adjoining retail, which includes tenants such as Cinemark, Mattito’s Tex Mex, Barre 3, and Jake’s Uptown Burgers.

CBRE Capital Market’s team of Evan Stone, Gary Carr, John Alvarado, Eric Mackey, Robert Hill, Jared Chua, Ryan Reid, Jeremy Faltys, and Nita Stewart represented an undisclosed seller.

The purchased offices are 92 percent leased, retail is 66 percent leased, and the Plaza at Frisco Square apartments are 95 percent leased. Maxus Realty Trust currently owns 6,972 apartment units and has 92,000 square feet of retail space in Missouri, Arkansas, Oklahoma, Texas, Louisiana, North Carolina, Mississippi, Florida and Kansas, according to its website.

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