Part of Arlington’s first master-planned communities encompassing 418 luxury multi-family housing units The Franciscan and two office complexes, along the Johnson Creek corridor featuring a picnic area, lake and water fountains. The Franciscan combines Old World architecture with modern amenities including Club Room, Media Room, Business Center and Fitness Center.
IRR: 21% annualized
The final phase of the $50 million master planned Lakes of Matlock development is a 60,000 square foot, two-story office building featuring masonry stone and glass, and a state-of-the-art rooftop heliport. The office offers scenic views and access to Johnson Creek picnic area and lake.
Occupancy: 100% as of 2006
IRR: 33% income and equity per annum
Located at the northwest entrance of The Lakes at Matlock development is a two story, 8,800 square foot office building, nicknamed “The Castle” featuring high turrets and Austin stone façade, a first for the area. Completed in August 1999 and sold in June 2003.
515 S Carrier, Grand Prairie
The 8,800 square foot retail strip center, which was designed, developed and built by Paramount Investments, features stone and glass façade with protective awning. Tenants are EZ Corporation, Carrier Dentistry and Direct General Insurance.
Occupancy: 50% achieved in 6 months
IRR: estimated 21%