SEC US W S FOR SALE ± 66 ACRES...with Hanover planning to construct 2,000 single-family homes and...

SEC of US Hwy 67 & W Main St FOR SALEMidlothian, Texas | Ellis County ± 66 ACRES

Any projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2019

EDWARD [email protected] x 102

RICARDO [email protected]

214.526.3626 x 129

Any projections used are speculative in nature and do not represent the current or future performance of the site and therefore should not be relied upon. We make no guarantee or warranty regarding the information contained in this flyer. You and your advisors should perform a detailed, independent, investigation of the property to determine whether it meets your satisfaction and the Seller expressly disclaims any representation or warranty with

respect to the accuracy of the Submission Items, and Buyer acknowledges that it is relying on its own investigations to determine the accuracy of the Submission Items. Davidson & Bogel Real Estate, LLC. 2019


Property Overview

Size: ± 66.2 Acres

Zoning: 40.74 Acres - Community Retail25.43 Acres - Residential

Traffic Counts:US Hwy 67:Hwy 287:W Main St.:

30,817 VPD28,113 VPD8,724 VPD

Demographics:2019 Population 1 Mile: 3,4822019 Population 2 Mile: 9,8812019 Population 3 Mile: 15,214% Proj Growth 2019-2024 1 Mile: 1.08% Proj Growth 2019-2024 2 Mile: 2.34% Proj Growth 2019-2024 3 Mile: 2.76Total Daytime Population 1 Mile: 3,833Total Daytime Population 2 Mile: 10,099Total Daytime Population 3 Mile: 13,562Total Daytime Employees 1 Mile: 2,041Total Daytime Employees 2 Mile: 4,922Total Daytime Employees 3 Mile: 5,6432019 Median HH Income 1 Mile: $71,0852019 Median HH Income 2 Mile: $70,2492019 Median HH Income 3 Mile: $77,1882019 Average HH Income 1 Mile: $87,5152019 Average HH Income 2 Mile: $85,3212019 Average HH Income 3 Mile: $92,205Median Home Value 1 Mile: $182,639Median Home Value 2 Mile: $172,091Median Home Value 3 Mile: $196,782




Best School Districts In Dallas Fort Worth




Midlothian To Bloom With $950M Master-Planned Community

Hanover Property Co. purchased 966 acres in Midlothian this week to build a $950M master-planned community, surrounded by 68 acres of commercial and industrial development.

The developer plans to set aside 26 acres for general commercial construction, and another 42 acres for industrial development. Commercial properties introduced into the community will have access to a growing, affluent population with Hanover planning to construct 2,000 single-family homes and 160 townhomes on the remaining acreage. Midlothian is competing with other DFW suburbs for tech talent and young professionals. The small town south of Dallas is already home to a Google data bank and continues to attract a more educated workforce each year. Hanover plans to sell homes in the community, which sits at the northeast corner of Highway 287 and Walnut Grove Road, in the $300K and up range. “We’ve been jointly working with the City of Midlothian for the last year on the planning of this development,” Hanover Property Co. Executive Vice President Ben Luedtke said in a statement. “The city is a great partner, and the result is the first true master-planned community of this size in Midlothian. There is substantial tree coverage, gentle rolling hills and a 50-acre lake. We will thoughtfully enhance the natural beauty that is already in place.” Hanover purchased the acreage from ECOM Real Estate. JLL Capital Markets Managing Directors Michael Swaldi and Larry McCorkle and Director Nick Hayden represented the seller. JLL International Director Paul Whitman represented Hanover. Hanover also tapped MESA to serve as the project’s landscape architect. LJA Engineering will handle engineering services.




Google's massive $600M data center takes shape in Ellis County as tech giant ups Texas presenceGoogle’s 375-acre data center campus in Midlothian is one of the largest such projects in the country.

The town of Midlothian was built on 20th-century industry: cement, steel and railroads.Now this Ellis County town is making a jump into the 21st century with a $600 million data center for internet giant Google.

The huge tech project is under construction along U.S. Highway 67.“We already have a lot of steel coming out of the ground and hundreds of construction workers on the site,” said Andrew Silvestri, Google’s head of public policy and community development. “They’ve made great progress already.

“We have deep roots in Texas and are about to get deeper as we launch our first-ever data center in Texas right here in Midlothian,” Silvestri said.

Plans for the massive complex were disclosed about a year ago when Google quietly snapped up 375 acres in Midlothian’s Railport industrial park. On Friday, Google executives and North Texas officials gathered to formally kick off the development.

Midlothian, which is 25 miles southwest of Dallas, provided tax abatements to support the data center, which is expected to employ about 40 people.

The deal is for 100% of personal property taxes — taxes on the servers, cabling and equipment that form the heart of a data center — and 85% of improvement taxes for Google over a 10-year period. The incentives are tied to the company’s hiring and investment projections.

While the workforce at a data center is small, the importance of the centers for firms like Google can’t be overstated.

“Data centers are really the engine of the internet. Anytime you process an email on Gmail or look at a cat video on YouTube, it’s going through a data center,” Silvestri said. “If you are living in Texas or surrounding areas, it will likely be processed in that center.

“It’s these data centers that enable those products to run for billions and billions of users, not just here in Texas but around the world.”The Midlothian data center is one of four such projects Google is building to expand its processing footprint in the U.S. Others are in Alabama, Virginia and Tennessee.

Silvestri said six existing U.S. centers are operational.

He said the Midlothian project is “creating a number of high-paying high-tech jobs and hundreds of construction jobs over the next several years.”

Google isn’t disclosing the project’s square-footage or opening date.




“This is just the first of several phases in the project,” said Midlothian Mayor Richard Reno. “This new data center will be a boon to our job market and overall economy.“Google is definitely a company of the future,” he said. “Our relationship here will be a tremendous benefit for the city.”Google picked the site after looking at multiple possibilities, Silvestri said.

“Our team scours the globe trying to find sites for these facilities,” he said. “Midlothian stood out among all of them across the world because of your abundance of natural resources and the talent of the people and the spirit of community partnership.”

The development is one of the largest construction projects in North Texas and a major addition in the town of about 25,000.

To give back, Google is making a $100,000 grant to the Midlothian ISD for science, technology, engineering and mathematics programs.

"When Google comes to a community, we don't just build a facility," Silvestri said. "Our employees work and live and play in these communities. It's really important to us to be good corporate citizens and neighbors and partners."

Google also disclosed that it has leased two new downtown buildings in Austin to house its growing workforce. Google has about 1,100 employees in Austin and will start moving into the towers in 2020 and 2023.

"This will accommodate our short-term and long-term growth over the next few years," Silvestri said. "We are always hiring and continue to hire there. Google has been really fortunate to call Texas home over the last 12 years."

Gov. Greg Abbott issued a statement about Google's investments in Midlothian and Austin. "The Lone Star State continues its emergence as a global technology hub thanks to an economic environment that encourages innovation and allows the free market to flourish," he said. "Time and again, companies like Google choose to invest in Texas because of our business-friendly practices and our talented workforce."

North Texas is one of the country's biggest hubs for data centers. The biggest is a $1-billion-plus tech campus Facebook started in 2015 in the AllianceTexas development, north of Fort Worth. Facebook has expanded the project since starting with two buildings.The Midlothian site, as with the AllianceTexas project, was attractive to a tech firm because of its redundant power systems, access to telecommunications networks and the ability to provide large tracts of land."This is a big day for Midlothian," said U.S. Rep. Eddie Bernice Johnson, D-Dallas, who attended the Google event. "It is very clear that when they come, others follow."We are into the 21st century with this project," she said. "You will see a real change in Midlothian."




Methodist Health System Raises Final Beam on Newest Hospital

Midlothian, TX - Midlothian is getting closer to having its first hospital, which will bring hundreds of jobs to Ellis County. Methodist Health System officials gathered with civic and community leaders at a “Topping Out” ceremony to commemorate the halfway point of construction of its new Methodist Midlothian Medical Center.

Located west of U.S. 287 near the Midlothian ISD multi-purpose stadium, the new 44-bed, five- story acute care hospital is scheduled for completion in fall of 2020. It will employ approximately 300 healthcare professionals and support staff members at the first full-year of operations.

“Methodist Health System is eagerly anticipating the grand opening of our new hospital and we are half way there,” said Pam Stoyanoff, President and Chief Operating Officer, Methodist Health System. “This technologically advanced facility will ensure Methodist Health System’s ability to serve the health care needs for this vibrant, rapidly growing area for years to come.”

The $175-million hospital facility will be the center piece of the campus and has the capacity to expand to 80 beds. A t3-story,45,000 square foot medical office building will also be constructed on the 67 acre campus.

Among the new hospital’s features are women and children’s health services, cardiovascular, sports health and orthopedic care, surgery, and comprehensive imaging technologies for enhanced diagnostics and treatment and wellness services.

“We are proud to be building a superlative facility with our patients in mind,” said Juan Fresquez, President, Methodist Midlothian Medical Center. “Not only will the facility be beautiful and technologically advanced, it will be a structure that Midlothian and the surrounding communities will be proud to call home for their health care services.”

“We are excited to soon have a full-service, acute care medical facility in our growing city,” says Midlothian Mayor Richard Reno. “We have a long working relationship with Methodist and are so proud to have Methodist growing with us with their expertise and talented medical staff into our community.”

Methodist has engaged Corgan as the project architect and DPR Construction as the general contractor.

Midlothian is one of the most rapidly growing areas in the DFW Region, and Methodist has long been a leader in healthcare in the Midlothian region by providing high quality healthcare services to the residents of Midlothian and its surrounding communities. This facility will be the 11th hospital to proudly carry the Methodist brand, as owners or through affiliation.

Approved by the Texas Real Estate Commission for Voluntary Use. Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

INFORMATION ABOUT BROKERAGE SERVICES: Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

Buyer, Seller, Landlord or Tenant

01A TREC No. OP-K

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.

IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:(1)shall treat all parties honestly;(2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; buyer: and(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and

IF YOU CHOOSE TO HAVE A BROKER REPRESENT YOU:You should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Date

11-2-2015

Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests;• Inform the client of any material informaƟon about the property or transacƟon received by the broker;• Answer the client’s quesƟons and present any offer to or counter-offer from the client; and• Treat all parƟes to a real estate transacƟon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly;• May, with the parƟes' wriƩen consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon.• Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

ᴑ that the owner will accept a price less than the wriƩen asking price;ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; andᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement.• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

Davidson Bogel Real Estate, LLC 9004427 [email protected] 214-526-3626

Michael Edward Bogel II 598526 [email protected] 214-526-3626

Ricardo Quinones 725372Email

[email protected] 214-526-3626

N/A N/A N/A N/A

SEC US W S FOR SALE ± 66 ACRES...with Hanover planning to construct 2,000 single-family homes and...

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Transcript of SEC US W S FOR SALE ± 66 ACRES...with Hanover planning to construct 2,000 single-family homes and...