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10/05/22
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Bridge Logistics Properties (BLP) has acquired a 203.4k sf, Class A industrial building in Grand Prairie, TX. The price was not given out.
The building, located at 804 W. Shady Grove Rd, is a recently delivered, highly functional asset located in Dallas-Fort Worth’s infill Great Southwest (GSW) submarket. Situated on 12 acres, the building offers modern specs including a 32’ clear height, 180’ truck court, 42 dock high doors, two ramps, 49 trailer storage spaces and a 0.45 parking ratio. With a front load configuration, the building is divisible into two suites.
The seller was represented by Kurt Griffin and Nathan Orbin of Cushman & Wakefield.
BLP, a subsidiary of Bridge Investment Group Holdings Inc, considers Dallas-Fort Worth to be a key global gateway logistics market in the U.S., and has established one of its four regional headquarters in the city. Beyond Dallas, BLP has a geographic presence via three other offices - Los Angeles, New Jersey and Atlanta. Since its formation, BLP has already acquired three properties and four development sites totaling 1.34 msf, and is managing a growing pipeline of assets currently under agreement.
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