NorthMarq Capital arranges joint-venture equity for 164-unit luxury multifamily development near Dallas’ Preston Center

DALLAS (December 17, 2015) – Stephen Whitehead, senior director of NorthMarq Capital’s Dallas office, arranged joint-venture equity for The Laurel in the Preston Center area of Dallas, Texas. The 164-unit luxury institutional quality multifamily development will be located at the highly visible northeast corner of Preston Road and Northwest Highway. Surrounded by the prestigious Park Cities and Preston Hollow neighborhoods, The Laurel will feature best-in-class condo-quality finishes in one of Dallas’ premier office, retail and residential centers. NorthMarq worked on behalf of the developer, Transwestern Development Company. “This was a very exciting project to work on with significant interest generated for this high barrier location. It took tremendous effort by Transwestern for more than 18 months to work with the neighborhood and the city to come up with a plan that would work for everyone,” said Whitehead. “This luxury product will be comprised of larger homes that cater to the nearby down-scaling and renters-by-choice that want to stay in this prestigious neighborhood with the bonus of the adjacent Preston Center amenities.”