LANCASTER, TX—Transwestern Development Co. said Tuesday the joint venture between its industrial development arm, Ridge Development, and Prudential Financial Co. has sold a 164-acre site in the master-planned Ridge Logistics Center South Dallas to VanTrust Real Estate LLC. Located at the northeast corner of Dallas Avenue and Telephone Road in Lancaster, the tract was sold for an undisclosed amount.

“South Dallas is one of the hottest submarkets in the Dallas/Fort Worth area,” says Kent Newsom, EVP at Ridge Development. “The combination of the availability of land, transportation infrastructure and ability to construct big-box developments that provide attractive occupancy costs for large-scale users makes this area prime for real estate development.”

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