|Number of units||161|
Jones Lang LaSalle Americas. Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Montana at Bowery (the “Property”) a boutique 161-unit asset located in Highland Village, Texas. Built in 2010-2018, Montana at Bowery Park is an exceptionally maintained asset situated in one of DFW’s premier suburbs. Highland Village is known for its high-quality of life and great neighborhood services, which has greatly attributed to its rapid population growth. Positioned on Main St., the Property offers excellent visibility and access as it sits just over two miles from Interstate-35E. Furthermore, the Property has seen strong lease trade outs as the last 20 leases are averaging a $177 increase.
UNIQUE, CLASS “A” ASSET WITH UPSIDE POTENTIAL
Montana at Bowery Park presents the opportunity to acquire an institutional quality, Class A asset in a highly desirable area. The Property features large average unit sizes of 1,212 SF and is adjacent to 70,425 SF of retail and restaurant space that ins 90% leased with several new tenants opening in 2022 including a restaurant with a patio and full bar in addition to a new wine concept space.
SIGNIFICANT NEIGHBORING RETAIL & ENTERTAINMENT
The Property sits in a highly concentrated retail location with over 5.2 million SF within a three-mile radius, and five major shopping centers just over one mile away. Notable tenants in the area include Whole Foods, Barnes & Noble, Target, Best Buy, Tom Thumb, Academy, and Market by Macy’s.
CENTRAL LOCATION PROXIMATE TO EMPLOYMENT CENTERS
The Property is situated less than three miles west of Interstate-35E, placing residents in close proximity to several of the largest employment centers in the immediate area, including Medical City Lewisville, DFW International Airport, Cypress Waters, and Legacy West.