CBRE Industrial Properties Group Brokers Sale of Industrial Portfolio in DFW
2020 一月 02
Dallas – Jan. 2, 2020 – CBRE announces the sale of the Dallas Infill Industrial Portfolio, comprised of 15 institutional quality assets totaling 1.6 million square feet in the Dallas-Fort Worth metroplex. Sealy & Company purchased the offering from affiliates of Rialto Capital Management and Wafra Inc.
The properties are located throughout the metroplex, with concentrations in the Great Southwest/Arlington, South Dallas, Northeast Dallas and Northwest Dallas submarkets.
All of the assets are located less than 3.4 miles from their respective submarket’s most critical transportation artery, providing tenants with in-fill locations close to dense labor and consumer concentrations within the overall metroplex.
“As the DFW metroplex continues to grow, tenants are increasingly motivated to occupy facilities located in dense, in-fill submarkets like the ones represented in this Portfolio,” said Jonathan Bryan, Executive Vice President, CBRE. “The limited supply of new developments in these locations and the corresponding rental rate growth potential is attractive to investors looking for cash-flow durability combined with income growth.”
Mr. Bryan, Randy Baird, Ryan Thornton and Eliza Bachhuber with CBRE National Partners Institutional Properties Group represented the seller in the transaction.
The portfolio is 97% leased to 66 tenants.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.