Brentwood, Tennessee-based developer and real estate sponsor CMK Properties recently completed a $54.6 million sale of a 35-store Dollar General portfolio located across 12 states.
After acquiring its first medical office building in Texas in August 2018, CMK Properties, a Brentwood, Tennessee-based real estate investment firm, recently hosted a ribbon cutting and grand-reopening of the newly-renovated Hurst Professional Building. The event was hosted in connection with the Hurst-Euless-Bedford Chamber of Commerce and showcased the building’s modernized common spaces, improved landscaping and exterior, and all available-for-lease suites.
Following welcome speeches from the HEB Chamber and Hurst’s mayor, CMK President John Hopfensperger cut the ribbon and deemed the Hurst Professional Building ready for new move-ins. The crowd then progressed to the building’s premier available third-floor suite and enjoyed a catered lunch and an assortment of door prizes, including an Apple Watch and Dallas Mavericks tickets. A mix of current and prospective tenants, plus local real estate professionals and area representatives comprised the high turnout crowd.
Since acquiring the building, CMK has increased occupancy by over 10 percent, and aims to bring the building to full occupancy by the end of 2020. The renovated common areas and reimagined landscaping have improved both the interior and exterior profiles of the building, leading to an uptick in leasing interest. Leasing efforts are being handled by Vision Commercial, a local Texas real estate brokerage with extensive ties to the DFW market.