(To read more on the industrial market, click here.)
FORT WORTH-In a deal area brokers estimate at $9.2 million, LosAngeles-based Xebec Realty Partners has entered the Texascommercial real estate market with the acquisition of theseven-year-old, 208,611-sf Northpoint Trade Center I and II and 9.5acres of adjacent land at Blue Mound Road Interstate 820 here.Xebec purchased the industrial portfolio from locally based McCartyProperties.
Xebec and McCarty principals declined to disclose the contractprice, but area brokers familiar with the North Fort Worthindustrial submarket tell GlobeSt.com the deal went down for about$9.24 million. The brokers based their estimate for the twodistribution centers on a $42-per-sf going sale price forcomparable area warehouse assets and about $50,000 per acre, or$1.15 per sf, for the undeveloped dirt.
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