Hines has purchased the Bishop Arts retail and multifamily portfolio, a collection of four class A multifamily properties and 40,747 square feet of retail along North Bishop Avenue in Dallas’ Bishop Arts District.
JLL Capital Markets represented the seller and developer, Exxir, owned by the Nazerian family. The portfolio represents one of only a handful of institutional-scale mixed-use transactions completed in Texas in recent years.
The Bishop Arts portfolio is positioned in the heart of the Bishop Arts District, which is anchored by independent restaurants, local bars and carefully curated retail. The walkable district features a historic streetscape offering a year-round calendar of events, drawing consistent crowds and neighborhood energy. The district is also within a few miles of North Texas’ most significant employment centers, including uptown and downtown Dallas, and is convenient to Interstates 35 and 30, providing access to the greater Dallas–Fort Wort
