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DALLAS-A Denver investor, with 1031 Exchange capital from a California sale, has bought an 85,802-sf, single-tenant asset in Redbird Industrial Park. The holding made a 144-day run on the market at $1.8 million.

Johnson Properties LLC, marking its eighth buy in Dallas/Fort Worth, picked up 4646 Bronze Way, net leased for the long term to Arlington Manufacturing Ltd., a machine shop that manufactures hydraulic cylinders, Greg Morris with Dunn Commercial LP in Arlington tells GlobeSt.com. “It’s a straight-up investment,” says Morris, who brokered the buy side along with the firm’s president, David R. Dunn. Morris says 1031 Exchange funds from a California sale were teamed with new debt to make the close.

Cary Krier with Colliers International’s Dallas office represented the Dallas-based seller, Maylar LP, which acquired the two-warehouse holding on 4.2 acres about three years ago. The property is assessed at $1.4 million by Dallas Central Appraisal District.

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