DALLAS, Oct. 29 /PRNewswire/ -- Bright Realty has seen a steady increase in activity in both leasing and land sales in the last quarter and expects that trend to continue through the fourth quarter. Newly acquired agreements include the expansion of the first phase of the Castle Hills Village Shops and Plaza in far north Dallas with new tenants such as TRU Salon, Castle Hills Chiropractic and Edward Jones Financial Planning Services, as well as the beginning of phase three of the project in 2011.
Bright Realty also announced expansion at properties in southern Dallas, an area that desperately needs new retail and employment opportunities. New tenants include WAG Learning Center, Just Like Mama's and Hollywood Supply. "Rather than focus on national retailers, our leasing agents took a more proactive approach going door to door to find smaller firms that already had a presence in the community. We offered an opportunity – and incentive – to expand and have leased more than 30,000 sq. ft. of space in the last 90 days," said McNutt.
"We continue to acquire new leasing agreements of Dallas/Fort Worth properties on a regular basis. High density, high income and high traffic areas continue to see growth as retailers seek space in these locations," said Tim McNutt, director of leasing and sales for Bright Realty. "Other opportunities in retail are on the low end where owners who have a low basis in the property can offer value to the tenants with aggressive terms."
Most recently Bright Realty was awarded the management and leasing assignment for the 102,000 sq. ft. National Health Insurance building. The building offers 22,000 contiguous feet available on the second floor, a great option for large tenants in the Dallas/Fort Worth mid-cities area. Bright Realty also has a large mixed use project slated to start 2011/2012.
"We see major opportunities in the market for a more aggressive and creative approach to real estate services," says McNutt. "The days of just answering the phone and taking orders are long gone and replaced by a requirement to use creative marketing and pound the pavement to find opportunities and close transactions. There are real opportunities for those who take a more aggressive and creative approach."
Bright Realty and its team represent approximately 172,000 sq. ft. of Tenant Representative Assignments; 310,000 sq. ft. of Project Leasing assignments; 250,000 sq. ft. of Leasing and Management Services; and more than 320 AC of commercial land for sale.
About Bright Realty
Bright Realty is a commercial real estate firm based in Dallas, Texas, managed by Chris and Clay Bright, sons of former Cowboys owner and company founder H.R. "Bum" Bright. The primary business focus of Bright Realty is leasing and sales of commercial offices, retail shopping centers, land brokerage, multi-family, mixed-use development and medical office. Bright Realty strives to provide the best in quality designed spaces that meet the needs of those served. Whether it's a 4- story uptown office building for a creative service business, a 50,000 sq. ft. retail shopping environment or a resort-style multi-family lifestyle center, Bright Realty thinks about the lives being lived and shared there, and ways to make them better. Other Bright real estate interests include residential real estate development, new home construction and a marketing communications firm. For more information, visit www.brightrealtyco.com.
SOURCE Bright Realty