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.
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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