Castle Hills Business Breakfast Addresses the State of the Commercial Office Market

recent news Published Articles August 01, 2016

The team from JLL, the commercial real estate firm brokering leases for Bright Realty’s Crown Centre and The Realm projects, provided its perspective on office park development in DFW to guests at Bright Realty’s most recent Business Breakfast. Attendees met at The Lakes at Castle Hills for a “state of the market” on commercial office development across the nation, in Texas, in Dallas-Fort Worth and specifically in the Castle Hills area.

“Despite the slowdown in the oil patch,” said JLL Managing Director Jeff Eckert, “DFW still leads in job creation across the nation. In fact, DFW carries Texas with a whopping 74 percent of the state’s job growth.”

That job growth translates into activity in commercial office development. Bright Realty’s The Realm, offering 220,000-plus-square-feet of Class A office space in the growing Nebraska Furniture Mart area, offers a true “live, work, shop, play experience in one of DFW’s fastest-growing submarkets.” The Realm offers walkable retail, entertainment, restaurants and a multi-family component, also developed by Bright Realty. Eckert stated that 70,000-square-feet of The Realm will deliver in mid- to late-2018.

The first phase of land development has been completed on Crown Centre, on 2,600 acres in the State Hwy. 121 area, and will be meeting corporate campus needs as soon as mid-2018. Crown Centre is build-to-suit and, like The Realm, is a stone’s throw from corporate headquarters such as Toyota, FedEx, JC Penney, Liberty Mutual and more.

Eckert was joined in his presentation by JLL Executive VP James Esquivel and JLL Associate Ahnie Gampper.

The Castle Hills Business Breakfasts are a series of informational presentations open to members of The Lakes at Castle Hills and their invited guests. The Lakes at Castle Hills is a private country club owned and operated by Bright Industries. Visit website for more information on joining The Lakes. www.thelakesatcastlehills.com

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