Big play buy! 30 acres, 700,000 SF in Dallas Design DistrictBig play buy! 30 acres, 700,000 SF in Dallas Design Districthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=25402014-11-07T08:27:00Z2014-11-07T09:00:00Z

DALLAS - A group of investors has purchased a large portion of Dallas Design District.

Led by Dunhill Partners, and including oilman Tim Headington and the owners of Highland Park Village, the partnership has bought more than 30 acres and roughly 700,000 sf of buildings along Oak Lawn Ave., Hi Line Dr. and Stemmons Fwy.

The acquisition includes the 7.5-acre Decorative Center complex at Oak Lawn and Hi Line and the 18-acre Dallas Design Center on Stemmons Fwy., as well as a dozen retail and showroom buildings along Oak Lawn Ave. and Hi Line.

Dunhill plans to pick up where the previous owners left off in executing the vision for the neighborhood, which sits northwest of downtown Dallas.

The previous owners, Houston-based Lionstone Investments and Dallas-based PegasusAblon, had been holding the property since purchasing them in 2007 as part of a larger investment strategy.

Plans for future development include adding more apartments to the neighborhood.

Dallas Business Journal
Dallas-Fort Worth-Arlington
http://www.bizjournals.com/dallas/blog/morning_call/2014/11/dunhill-partners-has-big-plans-for-newly-bought.htmlRead more at {Source}

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