Whirlwind Pitch Begins for $100M-Plus Industrial Portfolio

DALLAS-A 1.7-million-sf industrial portfolio of Dallas-only product, valued at more than $100 million, is being paraded in front of investment circles in a three-week courtship before the final call sounds. It’s the next big play for a team that’s just come off a double sale that rolled $480.1 million into Rreef’s till.

In bringing the 55-property package to market, Charter Holdings Inc. has rolled out this year’s largest Dallas-only industrial listing, Randy Baird, senior vice president in Dallas for CB Richard Ellis Inc., tells GlobeSt.com. Led by Ray Washburne, the Dallas-based Charter bundled a 75%-leased package in a “take one or all” play. “We will consider a partial sale for those who have less than $100 million of loose change,” Baird says.

The no minimum-ask offering runs the gamut from class A service center product in Richardson’s Telecom Corridor to older distribution structures in the Brookhollow Industrial Park. The 55 buildings, averaging 12 years old, make up 18 projects crisscrossing the metroplex. Nine are single-tenant structures while the largest is the 21-building Arapaho Business Center with 476,097 sf of office service center space.