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December 1, 2020 Comments Off on Birtcher Anderson JV Acquires DFW Industrial Portfolio Views: 625 Dallas-Fort Worth, Texas News

Birtcher Anderson JV Acquires DFW Industrial Portfolio

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JLL Capital Markets closed the sale of and arranged acquisition financing for an eight-property shallow bay industrial portfolio totaling 606,889 square feet within infill markets in the Dallas-Fort Worth Metroplex area. The team of Stephen Bailey, Dustin Volz, Zane Marcell, Wesley Gilmer and Erin Lazarus worked on behalf of the seller, Fort Capital. 

Birtcher Anderson, in a joint venture with Belay Investment Group, purchased the portfolio. Additionally, JLL’s Cullen Aderhold worked on behalf of the new owner to place the five-year, floating-rate acquisition loan.
 
The 95%-leased multi-tenant portfolio includes Manana Business Park at 2526 Manana Dr. in Dallas; Garden Brook Industrial in Farmers Branch; 4101 Lindberg in Addison; Luke Business Park in Irving; Hickory Business Park in Haltom City; and 1115 and 1101 NE 23rd St. and Suffolk Industrial Park in Fort Worth. All these properties are in premier infill locations in established industrial submarkets near major transportation arteries.
 
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