Transpacific Development Co. of Torrance, CA, bumping its North Texas portfolio to 1.65 million sf, has added a 400,000-sf distribution center at 4801 Westport Pkwy. and 320,000-sf one at 13501 Independence Pkwy. The adjacent properties, sold by affiliates of Magoon Estate Ltd. of Honolulu, are leased to Alpharetta, GA-based UPS Supply Chain Solutions Inc., with the larger one subleased to Schaumburg, IL-headquartered Motorola Inc. If local sources have it right, the leases have less than five years before they expire.

Sources also say the Alliance Gateway assets were marketed as a package two years ago. Due to the nature of the deal, the final prices aren't readily available, but the best-guess from those in the know is they brought more than the standard rate of $40 per sf for industrial sales. The six-year-old Westport building sits on 24.4 acres, with a Tarrant County assessment of $13.98 million. The Independence Parkway property, developed in 1999, takes in 18.3 acres, with a $10.9-million assessment. Atlanta-based IDI Inc. developed both structures.

Transpacific president Thomas Irish tells GlobeSt.com that he's been in talks for the duo off and on since they came off the market, but negotiations advanced to a more serious level in December 2006. He says the deals closed on an all-cash basis, but the plan is to float 10-year loans to cement the plan for a long-term hold.