Adam AbushagurDALLAS–The recent sale of a 195,537-square foot industrial portfolio in Texas to a traditionally multifamily investor is representative of current trends in the marketplace, according to Marcus & Millichap Vice President Adam Abushagur.
On Sept. 12, Marcus & Millichap announced the sale of Shawnee Capital Trust Portfolio – a group industrial properties making up a combined 195,537 square-foot in Irving, Dallas and Haltom City, Texas. Both the seller and buyer were unidentified private investors. The price was not disclosed.
The buyer was seeking to diversify his portfolio with a different property type because he believes the apartment market in the region is “saturated,” Abushagur tells GlobeSt.com.
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