"These are excellent quality industrial facilities located in the key industrial submarkets of Dallas," Don Stoffle, an investment officer with the firm, tells GlobeSt.com. 'They're all very well located in their respective submarkets." Four of the properties are located at Plano Crossing in Plano, Stoffle said.
In a separate transaction, the real estate investment firm also purchased a 49,177-sf light industrial facility at 3200 Avenue "E" East in Arlington for $675,000. Federal Realty also sold two properties, a 472,200 sf bulk warehouse located at 3737 Miller Rd. in Garland that is valued at $13.4 million dollars and a 66,565-sf light industrial facility at 4545 Mossford Dr. in Houston valued at $1.9 million.
Jack Fraker and Randy Baird of Cushman & Wakefield helped the firm put together the three-city package. Dave Anderson of CB Richard Ellis assisted in both the Garland and Houston transactions.
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