Key Takeaways
- • Hines has purchased the Bishop Arts retail and multifamily portfolio in Dallas, comprising four Class A multifamily properties and 40,747 square feet of retail along North Bishop Avenue.
- • JLL Capital Markets represented the seller and developer, Exxir, which is owned by the Nazerian family, in the transaction.
- • The publisher characterizes the deal as one of only a handful of institutional-scale mixed-use transactions completed in Texas in recent years.
- • The portfolio sits in the Bishop Arts District, an walkable, independent-retail and dining neighborhood within a few miles of uptown and downtown Dallas and convenient to Interstates 35 and 30.
Summary
Hines has acquired the Bishop Arts retail and multifamily portfolio, according to Institutional Real Estate, Inc. The collection includes four Class A multifamily properties and 40,747 square feet of retail space along North Bishop Avenue in Dallas' Bishop Arts District. JLL Capital Markets represented the seller and developer, Exxir, a company owned by the Nazerian family.
The article describes the transaction as one of only a handful of institutional-scale mixed-use deals completed in Texas in recent years, a characterization that underscores its relevance to institutional real estate investors seeking exposure to urban mixed-use assets in the Dallas-Fort Worth market. The source does not disclose the purchase price.
The Bishop Arts portfolio is positioned in the heart of a district anchored by independent restaurants, local bars and curated retail. The walkable area features a historic streetscape and a year-round calendar of events that draws consistent foot traffic and neighborhood activity. The district lies within a few miles of North Texas's principal employment centers in uptown and downtown Dallas and is accessible via Interstates 35 and 30, which provide connections to the broader Dallas-Fort Worth metropolitan area.
The article describes the transaction as one of only a handful of institutional-scale mixed-use deals completed in Texas in recent years, a characterization that underscores its relevance to institutional real estate investors seeking exposure to urban mixed-use assets in the Dallas-Fort Worth market. The source does not disclose the purchase price.
The Bishop Arts portfolio is positioned in the heart of a district anchored by independent restaurants, local bars and curated retail. The walkable area features a historic streetscape and a year-round calendar of events that draws consistent foot traffic and neighborhood activity. The district lies within a few miles of North Texas's principal employment centers in uptown and downtown Dallas and is accessible via Interstates 35 and 30, which provide connections to the broader Dallas-Fort Worth metropolitan area.
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