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4/30/25
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RAF Pacifica Group (RPG) has acquired its first industrial asset in the State of Texas, a 15.8k sf warehouse located at 2200 Evanston Ave in Dallas, within the Trinity Groves urban arts district. Along with the purchase, RPG has negotiated a 10-year lease with the building’s existing tenant, Gallery DeFi, an immersive art gallery.
The asset features 13.2k sf of open-floor warehouse space and 2.2k sf of office space set on a 0.61-acre parcel. The site includes 21 parking stalls. The warehouse features three dock doors with 16-20’ ceiling heights and is 100% climate-controlled with six new AC units. The previous owners invested heavily in the property with over $1.6 mil of improvements, including a full roof replacement in 2022.
According to research from Cushman & Wakefield, the industrial market in the Dallas/Ft. Worth area has experienced improved demand for space in Q1 2025 compared to the last quarter of 2024. New leasing activity has increased quarter-over-quarter by 2.2%, in line with pre-pandemic levels.
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