Younger Partners Reps NexMetro Communities in its 13-Acre Site Acquisition in Grand Prairie
Phoenix-based NexMetro Communities, the pioneer of next-generation, leased-home neighborhoods, has acquired a 13-acre parcel located on the corner of Sara Jane Parkway and Forum Drive in Grand Prairie. The acquisition represents the third Avilla luxury leased home neighborhood in the Dallas area and the 15th neighborhood acquired by the innovative leased homebuilder in the Sunbelt. “Dallas Metro continues to experience significant growth, and the unique leased home experience Avilla communities offer is an appealing option for many people looking for a great place to live,” said Josh Hartmann, president and COO of Arizona-based NexMetro Communities, which has more than 2,500 homes either completed, under construction or under contract in the Dallas, Phoenix and Denver metros. “Avilla Heritage will offer an outstanding housing option for these lifestyle renters in the heart of a rich live-work-play area in Dallas County.”
Located near State Highway 161 and Interstate 20, Avilla Heritage in Grand Prairie geographically complements NexMetro’s two other communities: Avilla Premier in Plano, which opened in early 2017, and Avilla Northside in McKinney, which is slated to open early this year. Site construction will begin at Avilla Heritage this month, with a community open slated for 2019 on 140 one-, two-, and three-bedroom leased homes. A well-established distribution center, Grand Prairie is a rapidly growing city known for its hometown charm, family-friendly environment and as a smart place to do business. The site is close to the Dallas-Fort Worth International Airport, major freeways, and boasts nearby large employers such as Lockheed Martin, Poly-America and other aircraft and manufacturing companies. Nearby recreational facilities include the 8,500-acre Joe Pool Lake and more than 4,900 acres of parks that are attracting high-end residential and resort development.
“This location is ideal for the next Avilla luxury leased home community in the Dallas metro area,” said Younger Partners broker Tom Grunnah, who represented NexMetro in the land acquisition. “This 13-acre parcel is in a vibrant corridor that has a multitude of new development, including the new Ikea store, as well as ‘The Epic,’ the City’s incredible new recreation center of the future.” Grunnah represented NexMetro along with colleagues Michael Ytem, Jeremy Lillard, and Kevin Harrell in the transaction.Avilla Heritage will deliver smart design, energy efficiency and distinctive architecture as driving forces. With one-, two- and three-bedroom floor plans, the homes are modern and stylish, with open and spacious floor plans, private entrances, front porches and backyards. All of the floor plans boast 10’ ceilings, allowing an abundance of natural light, and feature high-end finishes including granite countertops, stainless steel appliances, full-size washer and dryers and even a charging station for electric vehicles. Additionally, Avilla Homes are pet-friendly and offer reserved covered parking and optional garages, plus the perks of neighborhood living, complete with a resort-style pool and beautifully landscaped recreation areas, all maintained by a professional management company, without mortgage payments or HOA fees. Priced competitively with surrounding Class-A apartments, the rental rates for these luxury leased-homes will be released soon to the public. Floor plans and additional details are available by visiting the Avilla Homes at avillahomes.com
About Avilla Homes
A truly unique alternative to the typical rental experience, Avilla Homes neighborhoods feature single level, detached homes for lease in a gated enclave. The one, two and three-bedroom floor plans feature private entrances, outdoor patios and backyards, along with high-end finishes such as 10’ ceilings, granite/quartz countertops, stainless steel appliances and more. The pet friendly communities offer the perks of neighborhood living with optional garages, resort-style pool, beautifully landscaped recreation areas, and even an electric car charging station – all maintained by a professional management company, without mortgage payments or HOA fees. To learn more about Avilla Homes visit www.avillahomes.com.
About NexMetro Communities
NexMetro Communities is an innovative development company focused on building luxury leased home neighborhoods that serve lifestyle conscious consumers seeking a new home experience without the burdens of a mortgage. In partnership with its affiliated companies, NexMetro has developed Avilla Homes neighborhoods since 2010 in key Sunbelt locations. Combining elements of residential single-family living with rental terms and management, NexMetro provides a growing market niche of consumers a leased home experience like no other. For more information on NexMetro, visit www.nexmetro.com.
About Younger Partners
Younger Partners is a full-service boutique commercial real estate firm providing investment, leasing, and management services to investors and tenants in the Dallas/Fort Worth region. We also specialize in the acquisition and disposition of land, multifamily, office, industrial, and retail properties.