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Texas  + Dallas-Fort Worth  + Industrial  |  January 11, 2022
Commerce Center
Lisa Brown
By: Lisa Brown

Pegasus Real Estate Pegs DFW Airport Industrial for Acquisition

A two-property industrial portfolio totaling 271,100 square feet recently sold in the highly sought-after infill DFW Airport Industrial submarket of Irving. Pegasus Real Estate acquired the high-performing shallow-bay assets for an undisclosed purchase price.

JLL marketed the property on behalf of the seller, Fort Capital. Additionally, working on behalf of the new owner, JLL arranged the floating-rate acquisition loan.

Completed between 1981 and 1999, the portfolio comprises the fully leased 92,051-square-foot building at 4040 Royal, and the 12-building 93-percent-leased Commerce Center at 4823-4845 West Royal Lane and 8400-8432 Sterling St.

The portfolio’s location positions it near the Dallas-Fort Worth International Airport, with access to State Highways 114 and 121 along with the LBJ Freeway (Interstate 635). This location facilitates access to Dallas’ growing population that is expected to add 461,800 new residents and 129,100 new jobs by 2023.

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Pegasus Real Estate

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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