Venture Commercial Real Estate announced it has completed an assemblage of 43 acres of land located at the northeast quadrant of Cheek-Sparger Road and Heritage Avenue, west of State Highway 121 in Euless.
The buyer, Tonti Properties, is expected to break ground in spring 2016 on Trinity Union, a 457-unit multi-family community. The project has a mixture of product types including a four-story wrap-style building with structured parking, and separate townhome-style buildings with direct access garages and private resident yards. Trinity Union will feature an urban design, the only one of its kind in northeast Tarrant County.
In addition to the multi-family development, 19 acres of the site will be devoted to retail uses.
The Venture team of John Zikos, Ken Reimer, Christopher M. Gibbons and Cheryl Hill worked with Tonti to acquire three separate land tracts. In the most complex of the transactions, Venture represented the seller, a family that had owned a 25-acre tract for 54 years, while Wilson Stafford of Edge Realty Capital Markets represented Tonti Properties. In the other transactions, Venture and Edge co-represented Tonti Properties.
About Venture Commercial
Venture Commercial Real Estate, celebrating 15 years, is recognized as a leader in retail brokerage services throughout the Southwest for its dedication to each client’s success. The company’s full-service real estate platform includes landlord and tenant representation, property management, land sales, disposition and investment sales. Venture also provides strategic market planning and site selection for restaurant and entertainment clients through its Venturetainment team. Venture is the D-FW partner of X Team International, a network of retail real estate advisors with expertise across the U.S., Canada and Europe. For more information visit venturedfw.com.