Rusty Tamlyn, principal, and Ralph Tullier, vice president, with the investment sales division of the local office of the Trammell Crow Co. marketed the property on behalf of the Realty Investment. Tullier tells GlobeSt.com that the property, which includes four bulk industrial buildings totaling 289,081 sf, was on the market for about four months and received "a large amount of offers from a wide variety of buyers." Tullier says the new owners plan to hold onto park for the time being.

Tullier says the property attracted a lot of attention because it is 100% occupied, well-located and was delivered into strong capital market without enough bulk industrial product to satisfy demand. "There is a lot of money chasing bulk industrial [product] right now," adds Tullier.

The seller, TA Associates had owned the2 0-year-old park for more than five years. The property, situated on 15 acres in a densely populated industrial area at 245-279 McCarty St., was sold per its fund's timetable for disposition, says Tullier.

The city is considered a core market for Crow, a $7 billion investment firm which owns at least 30 million sf of industrial product in 23 markets nationwide. Approximately 1.8 million sf of Crow Holding's is located in the city, according to numbers from its second fund. Crow has additional holdings here through its first fund.

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