Bright Realty Receives $16.7M in Preferred Equity for Metro Dallas Office Development

LEWISVILLE, TEXAS — Bright Realty LLC has received $16.7 million in preferred equity for the construction of The Realm at Castle Hills Office, a 235,000-square-foot project being developed in the northern Dallas metro of Lewisville. Canyon Partners Real Estate LLC provided the funds and has entered into a joint venture with Bright Realty, a real estate development firm based in Lewisville. The nine-story building, which will include ground-floor retail space, is part of the first commercial phase of development of Castle Hills, a residential and golf course community established by Bright Realty in 1997. Construction of the office building is expected to be complete by the end of 2019. Colliers International is handling leasing of the office space.