Tuesday, April 16, 2024 Apr 16, 2024
84° F Dallas, TX
Advertisement
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.
|
Image

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.

Related Articles

Image
D Home Events

Scenes from the D Home Spring Issue Party 2024

The interiors community gathered at the Dallas Market Center on April 3 for the D Home Spring Issue Party.
Image
Arts & Entertainment

In Denton, New Life for an Old Theater

The entrepreneurs who brought the Texas Theatre back to life in Oak Cliff see a similar future for the Fine Arts in downtown Denton. So does its City Council.
Image
Golf

A New Way to Golf

The game has exploded out of the buttoned-up confines of the country club to become more popular than ever—driven by North Texas’ courses, clubs, innovators, and influencers.
Advertisement