Search
 

Buyer Pays Nearly $5M for Warehouse/Office

DALLAS-Lynch Investment Co. Inc. acquires the 129,061-sf property at 8220 Ambassador Row in the city's Brookhollow area for a committed tenant.

By John McCloud | Updated on December 06, 2007

(Read more on the industrial market.)

DALLAS-After a year-long search, a partnership led by Bruce Wilson, a VP of the locally based Lynch Investment Co. Inc., has acquired a Dallas warehouse/office building for a committed tenant. According to Wilson, the partnership, BK-Ambassador Row Ltd., paid “somewhat less” than the $4.6-million asking price for the 129,061-sf building at 8220 Ambassador Row in the city’s Brookhollow area.

The reason it took so long to find a satisfactory building, Wilson tells GlobeSt.com, was the parameters set by the tenant, Delivery Ltd., a furniture relocation, delivery and storage company. The Dallas-based mover required a fully air-conditioned building with a relatively large amount of office space and high level of tenant improvements. Wilson says the Ambassador Row property was the first available building meeting all the tenants’ requirements at a price the buyer found acceptable.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.