DALLAS--CBRE Capital Markets has negotiated the sale of Oakmont Industrial Group's 1.3 million-square-foot class A Dallas industrial portfolio. The portfolio is comprised of three assets.
“This portfolio's premier location combined with Oakmont's high standard of quality construction will provide the buyer with an excellent platform to capitalize on the strong tenant demand close to D/FW airport,” Josh McArtor, executive vice president of institutional properties at CBRE, told GlobeSt.com.
The new cross-dock warehouses are located just north and south of D/FW International Airport (two buildings in the D/FW airport submarket and one in the Great Southwest/Arlington submarket) with access to the region's major highways. The portfolio's central location between Dallas and Fort Worth provides access to a growing population of nearly seven million people.
A few of the buildings' state-of-the-art specifications include new construction (2013-2014), flexible designs, 32-foot clear heights, ESFR fire protection systems, high density of dock doors and ample trailer storage positions.
The portfolio represents a unique opportunity to acquire immediate scale and new state-of-the-art industrial buildings in one of the country's top industrial markets.
The portfolio was acquired for an undisclosed price. McArtor, Jack Fraker, Frank Fallon, Jonathan Bryan, Heather McClain Venegoni and Ryan Thornton, with CBRE, facilitated the transaction on behalf of Oakmont Industrial Group.
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