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RREEF Sells 96,750-SF Industrial Complex in Ongoing Portfolio-Mixing Strategy

DALLAS-Tomlinson Leis has acquired a 96,750-sf, three-building complex owned by RREEF Funds, which has owned the site for 18 months. RREEF purchased the Century Circle property in a portfolio buy from AEW Investment Management of Boston.

By Connie Gore | Updated on November 09, 2000

DALLAS-RREEF Funds has sold a three-building warehouse property, solely leased to Bridgestone Tire Co., in the Century Circle industrial park. The purchaser of the 96,750-sf complex is Tomlinson Leis, based in Dallas.

The 22-year-old structures are located at the intersection of Loop 12 and Texas 183, just east of Texas Stadium. Bridgestone’s lease has two years before it expires, according to Randy Baird, a senior director for Cushman & Wakefield of Texas Inc.

RREEF had acquired the property 18 months ago from AEW Investment Management of Boston. “It was bought as part of a larger portfolio, with the intention of reselling it shortly after the acquisition… which we did,” Baird told GlobeSt.com. The sale represents an ongoing portfolio-mixing strategy that RREEF has been employing for its clients, he explains.

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