Real Estate Brokerage
Brokerage services include property marketing, buyer representation, land assemblage, tenant representation, lease renegotiation, pipeline easements, power line easements, 1031 Exchanges, 1033 Exchanges. Clients are provided in-depth market research. Transactions have occurred in Texas, Oklahoma, Colorado, Missouri, Mississippi and Tennessee.
Property Marketing: Property Marketing: Fairview Center is a 250-acre tract that fronts the east side North Central Expressway, just south of SH-121. The development property has entitlements for multifamily, single-family, office, retail and lodging. McRoberts & Company has coordinated the entitlements and the future north / south road alignment for Fairview Parkway. Additionally, David Tarrant negotiated the acquisition of an easement for sewer from SH 5, through a neighboring property. McRoberts & Company recognized the value of a direct link for westbound traffic on SH-121, and negotiated an off ramp from SH-121 with NTTA and a land swap with the abutting hospital campus to the north to accommodate and link to Frisco Road (north boundary of Fairview Center). McRoberts & Company also has negotiated the assemblage of small leave-out properties on SH-5 and Frisco Road.
Allen Commerce Center, originally a 95-acre tract, has successfully been planned and marketed over the past 10 years. In 2009, a 34-acre sale transpired with Cisco Systems, Inc. for the construction of a $500 million data center. The Cisco transaction resulted in McRoberts & Company being a co-recipient of the 2010 Best Land Deal in Dallas, by the Dallas Business Journal. Jones Lang LaSalle represented Cisco. Transactions are working and / or in the title company for a significant part of the remainder of Allen Commerce Center.
Buyer Representation: McRoberts & Company currently represents a national senior housing developer in site acquisitions for independent, assisted, memory care and skilled nursing. Completed transactions have occurred in Texas and Colorado.
South Bay Partners, a Dallas-based senior housing developer, in the acquisition of senior housing sites for assisted living facilities and one Alzheimer’s facility from 1996 through 2000 when company was in start up. Transactions occurred in Texas, Tennessee and Mississippi.
M. Myers Development was represented in the acquisition of a site in Richardson, Texas for an age-restricted community.
McRoberts & Company represented the partners of Miley & Brown, P.C. in the acquisition of an historic office building in Dallas’ West End, known as Old City Jail.
Land Assemblage: McRoberts & Company was the recipient of the 2008 Best Land Deal in Dallas, by the Dallas Business Journal. Transaction was $73.0 million and was a major land assemblage (11 parcels of land controlled by 9 owners) for a new regional shopping district in the Metroplex – Village at Fairview and Village at Allen developed by the MG Herring Group. McRoberts & Company was retained by the MG Herring Group to undertake the land assemblage. The assemblage took just over two years to complete. Mr. Tarrant coordinated the payment schedule of the eleven option contracts.
The Dallas Arboretum engaged McRoberts & Company to acquire three parcels across Garland Road from the Arboretum’s main entrance for the future construction of a structured parking garage. The assemblage took three years to complete. For one of the acquisitions Mr. McRoberts engaged a Spanish translator who accompanied him at meetings.
Specific examples of tenant representation, lease renegotiations, pipeline easement negotiations, power line easement negotiations, 1031 Exchanges and 1033 Exchanges are available upon request.