CBRE Funding Administration Buys Dallas-Space Industrial Park – Business Property Govt

2555 Downing Drive, Fort Worth

2555 Downing Drive. Picture courtesy of JLL Capital Markets

CBRE Funding Administration has acquired a two-building, 540,324-square-foot Class A industrial park in Fort Price, Texas. JLL Capital Markets represented the undisclosed vendor.

Westside 35 was just lately accomplished and is totally leased to 3 tenants, Gulf Relay, Mattel Gross sales Corp., and Texas Corrugated Field and Packaging. The park contains two front-load warehouses, each with 36-foot clear heights and 185-foot truck courts. Constructing A provides 59 dock-high doorways, two outsized doorways, 54 trailer parking areas and 188 auto areas. Constructing B options 50 dock-high doorways, two outsized doorways, 53 trailer parking areas and 185 auto areas.

READ ALSO: Industrial Subleasing Methods

Situated at 2555 and 2575 Downing Drive, Westside 35 is near I-35 and I-820, 10 minutes from downtown Fort Price, 18 minutes from Alliance Airport, 25 minutes from Dallas-Fort Price Airport and 40 minutes from downtown Dallas.

The JLL Capital Markets Industrial workforce representing the vendor was led by Senior Managing Administrators Dustin Volz and Stephen Bailey, Administrators Dom Espinosa and Zach Riebe and analysts Matthew Barge and Jake Benalloul.

Document exercise

Demand for industrial product in Dallas–Fort Price stays close to file excessive ranges, as deliveries of 9.9 million sq. ft and whole groundbreakings of 9.2 million sq. ft within the third quarter proof nation-leading development exercise, in keeping with a report from JLL.

The North Fort Price warehouse/distribution submarket has seen 5.9 million sq. ft of web absorption year-to-date, on a list of 96.6 million sq. ft, leading to an total availability of 14.7 %, additionally in keeping with JLL.

Not fairly two weeks in the past, Samsung signed a lease for all of a 670,941-square-foot constructing, the primary section of VanTrust Actual Property’s 41-acre Fort Price Logistics Hub, at Risinger Street and I-35 West.

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