Connor Group Sells 301-Unit Apartment Community; Regency Plaza Earns LEED Silver

May 13, 2013

Centerville, Ohio-based The Connor Group recently completed the sale of The Reserve at Galleria, a 301-unit rental apartment community in Dallas. Purchased by FPG Reserve at Galleria LLC for an undisclosed sum, the high-end complex is located at 13907 Montfort Drive and features one-, two-, and three-bedroom townhomes with attached-garages.

By Amalia Otet, Associate Editor

Centerville, Ohio-based The Connor Group recently completed the sale of The Reserve at Galleria, a 301-unit rental apartment community in Dallas.

Purchased by FPG Reserve at Galleria L.L.C. for an undisclosed sum, the high-end complex is located at 13907 Montfort Drive and features one-, two- and three-bedroom townhomes with attached garages. Additionally, every townhome includes connections for full-size washers and dryers, designer cabinets with built-in wine racks and stainless steel appliances, walk-in closets, a private balcony or patio, and pre-wiring for intrusion alarms. Amenities include a resort-style pool, complementary tanning and a 24-hour fitness center.

Prompted by a rebounding multi-housing industry and a strong seller’s market, the company has sold off seven apartment communities since December according to the Dayton Business Journal.

Founded in 1991, The Connor Group owns and operates more than $1.5 billion in assets, with more than 16,000 units in Atlanta, Austin, Charlotte, Cincinnati, Columbus, Dallas, Dayton and Raleigh-Durham. The company has a solid foundation in Texas, operating in the Dallas-Fort Worth Metroplex since 2008.

In other commercial news, Citybizlist reports that Regency Plaza, a 16-story multi-tenant office building in Uptown Dallas, has achieved LEED Silver certification through the U.S. Green Building Council’s LEED® for Existing Buildings program.

Located at 3710 Rawlins St., Regency Plaza is Gaedeke Group L.L.C.’s headquarters building and features 165,843 square feet.

The property had already earned ENERGY STAR® certification from the U.S. Environmental Protection Agency; this new award comes as further recognition of Gaedeke’s longstanding commitment to sustainability.

Regency Plaza’s LEED team included Blaine Morris, director of engineering, and Quest Sustainability Solutions of Frisco, Texas. The certification was based on a number of green design and construction initiatives, including energy efficiency, architecture, recycling programs, tenant load and tenant type. The building earned exemplary performance points in the “Innovation” category for a solid waste management program for durable goods.