Skip Ribbon Commands
Skip to main content

News release

Dallas, TX

Increased development in Far North Dallas prompts ownership group to put 53 acres on the market

JLL selected to lead sales effort on exclusive opportunity in high-demand submarket


​DALLAS, June 27, 2018 – With available land for development in short supply in the Far North Dallas submarket, Gabriel Legacy Partners has selected JLL to lead the marketing and sales efforts for two parcels of land totaling 53.27 acres, with JLL Managing Director Michael Swaldi and Senior Associate Nick Hayden leading the firm's sales team.

The first parcel, located at Legacy Drive and Hedgcoxe Road, covers 22.47 acres; the second parcel, located at Headquarters Drive and Dominion Parkway, encompasses 30.75 acres. Both are immediately available for development.

"The amount of growth we've experienced across North Texas, especially in the Far North Dallas submarket, is unprecedented for our region," said Swaldi.  "In just the past several years, the Legacy area has welcomed over ten major corporate relocations or new regional headquarters and thousands of new employees to the Metroplex. This exclusive listing offers companies two of the last opportunities to establish their own place in this thriving corporate environment. Both parcels are immediately available for development and the owners will entertain selling the sites, or partnering in a build-to-suit."

According to JLL Research, the Far North Dallas submarket completed over 5 million square feet of office space in 2017, during which time the area saw 4.3 million square feet of net absorption. The submarket constituted over 67% of the total completed office projects for Dallas last year and over 45% of the total amount of office product under construction to start 2018. JLL's Q1 2018 National Office Outlook ranked the Dallas market #6 in total US office construction. 

 

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 83,500 as of March 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com