The decision by the NBA's Mavericks to purchase 104 acres for a new arena-anchored development in North Dallas illuminates the current state of the urban land market at a time when few tracts are trading in the region.
Dallas Mavericks' land deal could set new tone for urban corridor
NBA team agrees to acquire high-profile site from Seritage for $50.76 million as part of assemblage
CoStar News
June 5, 2026 | 9:23 P.M.
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IN THIS ARTICLE
- Properties
- Park Heritage Dallas
13131 Preston Rd, Dallas, TX
- Park Heritage II
Lyndon B Johnson Fwy, Dallas, TX
- Companies
- Dallas Mavericks
Arts, Entertainment, and Recreation
- Seritage Growth Properties
Real Estate
- Beck Ventures, Inc.
Construction
- Contacts
- Marty Neilon
Senior Vice President, Foundry Commercial