(To read more on the industrial market, click here.)
DALLAS-Staying a course to spend $100 million by year's end inkey markets, BH Properties LLC has deposited the first round of a$40-million Texas allocation into a $17-million trio of buys. And,it's holding purchase contracts for another 800,000 sf ofindustrial and retail space in the state.
"We're very aggressive. We're deal hungry," Steve Jaffe, BHProperties' executive vice president and general counsel, tellsGlobeSt.com. "We've identified Texas as a key market for us." TheLos Angeles-based group is deploying capital from US investors intovalue-add deals in the $2-million to $25-million range.
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