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4/12/24
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Forefront Commercial Real Estate has purchased Dallas Infill Portfolio, a four-building, 627.3k sf industrial portfolio located within the Northwest Dallas submarket. The portfolio was 100% leased to 13 tenants at the time of sale.
The North Dallas Infill Portfolio spans three prime locations, including 1135 and 1215 Crowley Dr in Carrolton, 4415-4585 Simonton in Farmers Branch and 4040-4130 Lindbergh in Addison. Built between 1970 and 1979, the portfolio offers highly-functional shallow-bay industrial spaces with flexible single- and multi-tenant building configurations, allowing new ownership the opportunity for customization. Building features include 22’-24’ clear heights, front/side load configuration, 76 total dock high doors and over 77k sf of office space.
Dispersed across the Northwest Dallas industrial submarket, each property provides excellent last-mile connectivity and desirable freeway visibility, with ease of access to major employment and population centers in Dallas and Fort Worth.
Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe, Taylor Hare and Chloie Mercer with Newmark represented the seller, AEW Capital Management.
"The North Dallas Infill Portfolio’s full occupancy, near-term upside potential and attractive basis make it a prime investment with strong potential for growth,” said Volz. “This deal signifies a positive trend in increased investment activity, reflecting both the property's appeal and the market's stability.”
Demand continues to remain positive for industrial space in the Dallas-Fort Worth market. According to Newmark Research, the market realized 4.7 msf of positive absorption in the fourth quarter of 2023, bringing year-to-date totals to 30.5 msf.
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