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LBA Lands Dallas-Ft. Worth Portfolio
Irvine, CA-based LBA Realty acquired a 578,400-square-foot portfolio of two warehouse/distribution facilities and a suburban office building close to Dallas-Ft. Worth International Airport (DFW) in Coppell, TX. The seller was an affiliate of Torrance, CA-based Transpacific Development Company. The deal value was undisclosed.
The 100%-leased portfolio consists of two institutional-quality distribution properties, and one office building within one mile of each other. The asset at 500 Airline Dr. is a 409,600-square-foot distribution warehouse, which is connected to 510 Airline Dr., a 53,600-square-foot, two-story office building, via an elevated walkway. There is the potential to add up to 102,400 square feet of additional warehouse space to 500 Airline Dr.
The asset at 217 Wrangler Dr. is a 115,200-square-foot warehouse/production facility.
JLL’s John Huguenard and Dustin Volz handled the transaction.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition