Dallas/Fort Worth

The $5.5-million sale for the 4,350-square-foot freestanding property features a 15-year triple-net lease with options to extend. The property was acquired by an affiliate of Bayrock Investment Co. of Charlotte, NC.

In response to the strength of the state economy and the firm's growth and momentum in key markets, JQ has formed four major market sector initiatives led by four veteran JQ leadership team members.

In Chicago, nearly half (47.9%) of that space is pre-leased. New York ranked as the top market, with 14.6 million square feet (21% pre-leased) followed by Washington, D.C. with 10.9 million square feet (61% pre-leased), and Dallas, with 7.8 million square feet (63.9% pre-leased).

The building features one-, two- and three-bedroom units range from 791 square feet to nearly 1,400 square feet with rents ranging from $1,115 to $1,698. The project is currently 93% occupied.

The Dallas MSA continues to have strong demand for the foreseeable future, most notably with its addition of more than 100,000 jobs during the past year and almost 75,000 new residents in the same period.

The five building, 292,110-square-foot industrial/flex portfolio was sold by Endurance Real Estate Group, LLC of Blue Bell, PA and Thackeray Partners of Dallas.