Dallas investor grabs Great Southwest industrial buildings

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A Dallas investor has made the latest North Texas industrial building buy.

Oxford Properties of Canada sold two buildings in the Great Southwest Industrial District. The properties on Avenue S and 113th Street total 144,000 square feet.

The fully-leased buildings were purchased by Dallas’ Berkeley Partners, a private industrial real estate investor that’s been in business since 2005. The company owns more than 10 million square feet of warehouse and distribution buildings located in more than a dozen states.

Jones Lang LaSalle’s Trent Agnew, Pauli Kerr, Charlie Strauss, Lance Young and Brooke Petzold handled the sale.

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The Great Southwest Industrial district, located between Dallas and Fort Worth, has less than a 5% vacancy rate, according to third quarter brokerage company reports.

The Dallas-Fort Worth area is one of the country’s top industrial building investment markets, with almost $3 billion in sales in the first nine months of 2023.

More than 49 million square feet of additional warehouse space was under construction in the area in the third quarter.

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