DALLAS–HFF has closed the sale of asix-property, 16-building industrial portfolio totaling 462,618square feet in the Richardson/Carrollton corridor.

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HFF marketed the property on behalf of the seller, AEWCapital Management LP, who sold the property for one ofits institutional clients. Red TailAcquisitions (RTA) purchased the assetsfor an undisclosed amount.

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The portfolio consists of 1360-1420 Presidential Drive and850-890 North Dorothy Drive in Richardson, Texas and 1420 HalseyWay, 1406 Halsey Way, 2122 Country Club Drive and 2855 TrinitySquare Drive in Carrollton.

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Located in infill, established industrial submarkets, theproperties are all near major transportation hubs, includingInterstate 35 and I-635 and Highway 75. The properties are 87percent leased overall to 41 tenants, including NOWSpecialties Inc.; Optex Systems Inc.;Laboratory Corporations of America; SKHBeauty Inc.; All Sorts Mailing Services;Circuitco Electronics LLC; AdvancedEnvironmental Concepts; Select CabinetCo.; Milestone Construction;TraStar Inc.; and Gym Ratz Basketball ClubLLC.

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The HFF investment sales team representing the seller was led bysenior managing director Randy Baird, managingdirector Jud Clements, director RobbyRieke and real estate analyst JustinKundrak.

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The buyer, RTA, is a value and core-plus investor that seeksoffice, industrial and retail properties that normally have leasingor construction issues. Over the last 25 years, the group haspurchased more than 10 million square feet of commercial propertyin the western United States. Sean Miller,executive vice president, led the acquisitions team andRyan Rubenkoenig, executive vice president,contributed to the deal.

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“This acquisition not only represents an exciting opportunityfor Red Tail Acquisitions to expand its DFW holdings, but is also aprime example of the types of investments we hope to makethroughout Texas,” Miller said.

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