FORT WORTH—CBRE has completed the sale of Alliance Commerce Center 14 located in world-class, master-planned AllianceTexas development. The property is situated on a 5-acre site and contains 72,772 square feet, 100% of which are currently leased.
Gary Carr, Eric Mackey, John Alvarado and Robert Hill of CBRE arranged the transaction on behalf of the seller, institutional investors advised by J.P. Morgan Asset Management.
“Investors were attracted to the property's quality of construction, stable cash flow, and the strong fundamentals of the AllianceTexas location,” noted Eric Mackey, senior vice president of CBRE. “Alliance is Dallas/Fort Worth's strongest submarket with respect to occupancy, at a lease rate of 99.6%, and boasts positive annual net absorption every year since 2005.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
