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Growth, Diverse Employee Base Draw Industrial Buys

A three-property portfolio and a separate distribution facility near the DFW Airport, along with a manufacturing and distribution asset located in South Dallas, recently sold to Western-focused buyers.

Coppell Industrial The Coppell, TX portfolio consists of two institutional-quality distribution properties.

DALLAS—Due in part to the strength of the Dallas industrial market, access to transportation nodes and solid credit tenants, a three-property portfolio and a separate distribution facility sold recently to Western region-focused buyers. The portfolio sale consisted of two warehouse/distribution facilities and a suburban office building close to Dallas-Fort Worth International Airport in Coppell, TX.

The portfolio totals 578,400 square feet and consists of two institutional-quality distribution properties and one office building within one mile of each other. 500 Airline Dr. is a 409,600-square-foot distribution warehouse, which is connected to 510 Airline Dr., a 53,600-square-foot two-story office building, via an elevated walkway. 217 Wrangler Dr. is a 115,200-square-foot warehouse/production facility. The buildings are all 100% leased, with more than 50% of the in-place income from A-rated credit tenants. There is the potential to add up to 102,400 square feet of additional warehouse space to 500 Airline Dr.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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