/cloudfront-us-east-1.images.arcpublishing.com/dmn/FWYSHUTATBGXJHES4XZDRWJT34.JPG?w=1068&resize=1068,0&ssl=1 "Dallas Design District property sells to North Carolina investor")
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A North Carolina-based actual property company that’s made a number of North Texas purchases has received a big property within the Dallas Design District.
Asana Partners bought the International on Turtle Creek showroom and place of job complicated on Irving Boulevard. The 155,000-square-foot complicated is in a space seeing speedy redevelopment.
International on Turtle Creek is without doubt one of the biggest and maximum a hit redevelopment initiatives within the Design District. Built in 1949 as a portions warehouse for International Harvester, the sprawling warehouse construction alongside Irving and Turtle Creek Boulevard was once transformed in 2005 into new areas for furniture, ingenious and design companies.
Since 2020, the property has been owned via Dallas’ Quadrant Investment Properties and Maryland-based Federal Capital Partners. Quadrant and FCP are construction two within reach place of job initiatives within the Design District.
The International on Turtle Creek acquire is the newest acquisition for Asana Partners, which says it “invests and creates value in vibrant, dynamic mixed–use neighborhoods.”
In 2017, the corporate was some of the biggest homeowners in Dallas’ Deep Ellum community, purchasing greater than 3 dozen homes.
Two years later, in 2019, Asana Partners bought 421,000 sq. ft of place of job and retail house in Victory Park northwest of downtown.
Two years in the past, the investor received The Hill buying groceries middle on U.S. Highway 75 in North Dallas. Asana is now running to redevelop the property alongside Walnut Hill Lane with new residences.
Last yr, the company bought The Foundry District, a mixed-use undertaking in Fort Worth’s Cultural District.
In all, Asana has greater than 9 million sq. ft of business homes in additional than two dozen U.S. towns.
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