Arden Logistics Parks, a rapidly expanding joint venture of Philadelphia-based Arden Group and Arcapita, an investment bank based in Bahrain, has acquired a 19-building industrial portfolio from Dallas-based MoxieBridge in a transaction sourced through JLL.
The industrial buildings, encompassing 764K SF and known as the DFW Infill Portfolio, are spread out in 14 locations in the Dallas-Fort Worth metroplex. In a release, Arden said the portfolio currently is 96% leased to 29 tenants.
The properties in the DFW Infill Portfolio include a 112SF warehouse on Halifax St. in Dallas and a 134K SF warehouse in Mesquite. The acquisition increases ALP's footprint in DFW to close to 2M SF.
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