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Published 12th Jan. 2015

Bright Realty Continues to Lead Development in Nebraska Furniture Mart Area

 

Bright Realty sales activity near the new Nebraska Furniture Mart continues to be strong.

Bright Realty recently sold several acres of a 19-acre tract at Hwy. 121 and Josey Lane in the Nebraska Furniture Mart/Castle Hills area. Public Storage purchased 4.312 acres with Tim McNutt and Britton Lankford representing Bright Realty; Ryan Jordan and David Copeland of Edge Realty represented the buyer.

A Culver’s burger and frozen custard franchise will also go in the area. Tim McNutt and Britton Lankford represented Bright Realty in the 1.469 acre sale; Justin Schoellkopf with Schoellkopf Company represented the buyer.

NorthPoint Development Company purchased 1.169 acres from Bright Realty, making this NorthPoint’s second area pad site purchase within the tract. Tim McNutt and Britton Lankford with Bright Realty represented Bright Realty in the deal; Bryan Cornelius with Venture Commercial represented NorthPoint Development Company.

An Atlanta developer purchased just under one acre in the same tract. Tim McNutt and Britton Lankford represented Bright Realty; Michael Meaden with CBRE represented the buyer.

Bright Realty’s last two available sites of 2.62 acres and 5.409 acres within the 19-acre tract are under contract and set to close in February 2015.

These recent Bright Realty deals accompany brisk activity and consistent growth in the area, with 2014 deals in the tract that included a Potbelly Sandwich Shop, Salsarita’s Fresh Cantina Mexican restaurant and an iShine Car Wash. Area activity also included the delivery of 379 single family home sites to Castle Hills homebuilders in late 2014; the groundbreaking on Crown Centre at Castle Hills, a 150-acre corporate campus; and groundbreaking on Discovery at The Realm, the first phase of a multi-family project with more than 4,000 units.

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