Development of Ennis Crossing furthers Enterprise America’s support of the DFW region
DALLAS/FORT WORTH (June 10, 2020) — Stream Realty Partners (Stream), a full-service national real estate investment, development and services company, is pleased to announce Enterprise America, a Dallas-based integrated real estate services company, has purchased almost two acres of land at Ennis Crossing, a 7-acre development in Ennis, TX.
The future site of a 95-key Marriott Fairfield Inn is located at the northeast quadrant of I-45 and East Ennis Avenue (SH 34). The hotel will join a thriving development that currently features Chick-Fil-A, Schlotsky’s, Smoothie King and Highway 55 Burgers.
“We are excited about bringing this latest development to Ennis,” said Sharif Choudhury, president of Enterprise America. “Compared to other markets in the U.S., the hospitality industry in the Dallas-Fort Worth metroplex has the potential to bounce back much faster.”
This site development will contribute to the Ennis Economic Development Corporation’s operations, which have brought over $535 million in industrial development projects to Ennis and created more than 2,000 jobs in the last ten years. As the Economic Development Corporation continues to make strides in the Southern Tier of the Dallas/Fort Worth Metroplex, this hotel site will enhance the quality of life and recreation that the City of Ennis provides to both residents and visitors.
“The Enterprise America team remains committed to developing properties in DFW to support the entrepreneurial, pro-business environment that this region is known for,” said Warren Yip, director of hospitality management and investment at Enterprise America.
Demian Salmon with Stream Realty Partners represented Enterprise America in the purchase, while Jim Jamerson with SEGOVIA Retail Group and Chad DuBose with Foremark brokered the sale on behalf of DA Ennis 45 Partners, LP.
“Since DFW has experienced significant migration from outside Texas, we have seen the hospitality market embracing communities such as Ennis for its quality of life and strategic proximity to larger markets,” said Demian Salmon, senior vice president of land division at Stream’s Dallas office. “We are thrilled to get this deal across the finish line for Enterprise America.”