California investor acquires Dallas portfolio
It was announced by Cushman & Wakefield, a Chicago brokerage firm, that it had facilitated the sale of a huge portfolio to the San Francisco company, Stockbridge.
With offices in nearby Plano, the buyer was, with the help of Cushman & Wakefield, able to get an acquisition loan for the seven-building portfolio from Lincoln Financial Group. The purchase provided the company with 750,000 square feet of what is considered one of the DFW metropolitan area’s most sought-after industrial markets.
Real estate agencies have multiple uses for printing services using them to print high quality handouts of available properties as well as signage.
When speaking about purchasing property in the coveted D-FW industrial market a Cushman & Wakefield executive managing director Robby Rieke said:
“Industrial portfolios located in the Valwood/North Stemmons and Metropolitan Addison submarkets rarely come to market, which resulted in significant investor interest. This is one of the most coveted infill locations in Dallas-Fort Worth. Few development sites remain in the area that also provide access to the major transportation thoroughfares…”
According to Rieke, the newly purchased portfolio has 14 tenants and no vacancies. The average tenure exceeds nine years, which is a good indication of the how desirable these properties are. Industrial space in the area is growing with about 300,000 square feet under construction. Across the region, industrial development is equally extensive with 20 million square feet of space under construction.
With offices in nearby Plano, the buyer was, with the help of Cushman & Wakefield, able to get an acquisition loan for the seven-building portfolio from Lincoln Financial Group. The purchase provided the company with 750,000 square feet of what is considered one of the DFW metropolitan area’s most sought-after industrial markets.
Real estate agencies have multiple uses for printing services using them to print high quality handouts of available properties as well as signage.
When speaking about purchasing property in the coveted D-FW industrial market a Cushman & Wakefield executive managing director Robby Rieke said:
“Industrial portfolios located in the Valwood/North Stemmons and Metropolitan Addison submarkets rarely come to market, which resulted in significant investor interest. This is one of the most coveted infill locations in Dallas-Fort Worth. Few development sites remain in the area that also provide access to the major transportation thoroughfares…”
According to Rieke, the newly purchased portfolio has 14 tenants and no vacancies. The average tenure exceeds nine years, which is a good indication of the how desirable these properties are. Industrial space in the area is growing with about 300,000 square feet under construction. Across the region, industrial development is equally extensive with 20 million square feet of space under construction.