Trademark Announces 3rd Party Services Business for North Shore Development in Las Colinas; Engaged by FRAM Building Group and Hunt Real Estate Partners, L.P.
Nellie Simpson (817) 810-5307
FORT WORTH, Texas (Sept. 15, 2010) A real estate investment partnership between FRAM Building Group and Hunt Real Estate Partners, L.P., has engaged Trademark Property Company to assist them in planning and feasibility analysis for a new retail and mixed-use development in Las Colinas.
The North Shore development is planned for a 27-acre tract located at the corner of Las Colinas Blvd. and SH 348 (Northwest Highway) at SH 114, immediately adjacent to the new Irving Convention Center. North Shore will include a DART rail station, giving it visibility and accessibility unparalleled in the trade area.
Trademark will be conducting research and due diligence on the feasibility of North Shore and planning and pre-leasing the proposed development. Trademark is an active retail and mixed-use developer in Texas and surrounding states including Dallas-Fort Worth area properties Watters Creek (Allen, Texas) and Alliance Town Center (Fort Worth, Texas), Market Street – The Woodlands (The Woodlands, Texas) and La Palmera (Corpus Christi, Texas), as well as Santa Fe Place Mall in Santa Fe, New Mexico.
“This is a great piece of retail and mixed-use real estate with all the components a developer could ask for,” said Trademark Property Chairman – CEO Terry Montesi. “Mass transit, a large civic use, a lake, the confluence of the two major freeways in the Las Colinas area with more than 125,000 cars a day driving by, and the world class amenities and incomparable daytime population that is Las Colinas.”
Ontario, Canada-based FRAM Building Group is an award-winning company renowned for its creativity in planning, designing and building premier residential communities in Ontario as well as select cities in the United States. Along with its group of highly motivated management and construction professionals, FRAM has successfully built over 11,000 residences from custom homes to exceptional single family, multi-family, condominium and rental homes, in addition to mixed-used developments and commercial properties. For its leadership in master planning, architecture and interior design, FRAM has received numerous awards as it consistently earns the respect of its peers and professionals in the industry.
“We are pleased with our choice of Trademark, Texas’ leading retail and mixed-use property company, to plan and market a development on our outstanding site in the Las Colinas Urban Center,” said FRAM President Frank Giannone. “We believe their successful track record, expertise in all aspects of project design and marketing sets them apart from others and will ensure an exceptional new generationtransit oriented development.” Hunt Real Estate Partners, L.P. manages the private real estate investment efforts of the Dallas-based
Lamar Hunt family. Over the past 50 years, the Hunt organization has accumulated numerous assets worldwide through long-term investments in various enterprises that span a wide variety of industries.
Trademark Property Company is a Retail and Mixed Use Investment, Asset Management and Development firm. The company serves as operating partner for large institutional and private investors and provides third party services to strategic clients and partners including asset and property management, leasing, development/re-development, planning and strategic advisory. Its 95-person team currently operates a 5.3-million-square-foot retail and mixed-use portfolio from Detroit, Michigan, to Santa Fe, New Mexico. Trademark has invested in, or developed, over $1.1 billion worth of retail, land and mixed-use assets since its inception in 1992.
For more information, visit www.trademarkproperty.com.