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Clarion Disposes of NE Submarket Properties

DALLAS-Following its May 2013 sale of the 90,000-square-foot Teco facility, the NYC-headquartered Clarion Partners unloads the 158,000-square-foot Horizon Business Center to a SoCal investor. Transwestern brokered both industrial property transactions.

By Amy Wolff Sorter | Updated on August 27, 2013

DALLAS-Within the past four months, New York City-based Clarion Partners has disposed of two industrial assets in Dallas’ northeast submarket. In recent weeks, the firm sold the 158,785-square-foot Horizon Business Center to a Southern California Investor. And last May, Clarion Partners sold the 90,364-square-foot Teco Metal Products facility to Brennan Investment Group.

“We are seeing more and more domestic investors acquiring assets in the North Texas market,” says Steve Rowland, senior vice president of industrial services for Transwestern, which negotiated both transactions on behalf of Clarion Partners. “Market-entry buyers are interested in Dallas-Fort Worth and Texas in general due to its favorable business climate, including attractive job growth and right-to-work, business-friendly economy.”

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