JLL closes sale of retail and multifamily portfolio in Dallas’ Bishop Arts District

• JLL Capital Markets arranged the sale, which represents the largest mixed-use sale over 1M SF in Texas in 2026, on behalf of Exxir, a family-owned company helmed by CEO Michael Nazerian to Hines

• JLL’s sale encompassed all Class A product built to date by Exxir at the core of the iconic Bishop Arts District, Dallas’ most cherished and dynamic urban retail main street and living destination

• The sale comprised four Class A multifamily properties totaling 539 units and 40,747 square feet of retail across four acres along North Bishop Ave., all developed in-house by Exxir’s vertically integrated team

DALLAS, Oct. 15, 2026 – JLL Capital Markets announced today that it has arranged the sale of the Bishop Arts retail and multifamily portfolio, a curated collection of four Class A multifamily properties and 40,747 square feet of premier retail along North Bishop Ave. in Dallas’ Bishop Arts District.

JLL represented the seller and developer, Exxir, owned by the Nazerian family, in the sale of the portfolio to Hines.

The portfolio represents one of only a handful of institutional-scale mixed-use transactions completed in Texas in recent years, offering a rare combination of newly developed multifamily housing and highly curated street retail within one of Dallas' most dynamic urban neighborhoods.

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 Worth Metroplex

The retail component of the portfolio occupies 1.07 acres at 205, 250, 275 and 308 North Bishop Ave. The buildings were built in 2018 and 2019 and are 98.2% leased to tenants, including La Reunion, Century 21, Paradiso, Lucia, Jungle and Alice in Ivory.

The multifamily component consists of Bishop North (200 N Bishop Ave.), Bishop Canopy (515 W. 10th St.), Bishop Flats (305 Melba St.) and Treehaus (211 W. 10th St.). With an average vintage of 2021 and a total of 539 units, the communities offer luxury amenities, including resort-style pools, fully-equipped fitness centers, co-working spaces, courtyards and private green space/dog parks for residents. Overall, the multifamily portfolio is 94% leased.

JLL's Capital Markets team representing the seller was led by Debt Platform Leader and Executive Managing Director Trey Morsbach, Senior Managing Directors Bill Miller, Greg Toro and Adam Howells, Managing Director Clint Coe and Directors Caroline Novak and Erin Lazarus.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Exxir is a Dallas-based, family-owned real estate development and hospitality firm specializing in the creation of distinctive, experience-driven destinations. With a fully vertically integrated platform spanning real estate development, hospitality, architecture and design, construction, events and activation, and property management, Exxir brings a comprehensive approach to creating and operating spaces of lasting value. Supported by a multidisciplinary team of more than 300 employees, the company combines entrepreneurial vision with a commitment to generational quality, thoughtful stewardship, and long-term investment. Guided by the belief that spaces should have soul, purpose, and a unique point of view, Exxir develops destinations that inspire connection, enrich communities, and foster meaningful human experiences.