CARROLLTON, TX-The ability to build in Valwood Industrial Park sparks a sale of nearly $2.8 million for a 129,600-sf warehouse situated on seven acres in the popular industrial quadrant. Three acres are open for more product, says the broker.

Tom Clarke, senior vice president of Grubb & Ellis Co. in Dallas, tells that the buyer has cut a five-year sale-leaseback with Osram Sylvania Products Inc. so no new product will come out of the ground for some time. The extra land and the long-term tenant sewed up the acquisition for Columbia Mackenzie Industrial LP of Dallas. Thirty days is all it took to get the deal signed, sealed and delivered, says Clarke.

The near “20-something” warehouse at 2040 McKenzie Dr. was a build-to-suit for Sylvania. which has and will continue to use the site to distribute light bulbs. The holding is positioned in the heart of an industrial park that boasts a multitude of owners, including the unidentified investors who added the Osram building to their portfolio.

The buyers got the property for about $1 million less than its appraised value, according to the Dallas Central Appraisal District. But the price, emphasizes Clarke was not the deciding factor; it was definitely the sale-leaseback and ample land.

Clarke says he saw an SIOR mass mailing from Jim Belcher of the Hart Corp. in South Hampton, PA and took the deal to his clients. The rest is history.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.