Forefront Adds 4-Building Dallas Portfolio to Holdings

Newmark announces it has completed the sale of the North Dallas Infill Portfolio, a four-building, 627,303-square-foot industrial portfolio located within the Northwest Dallas submarket. At the time of the sale, the portfolio was 100% leased to 13 tenants. 

Newmark Vice Chairmen Dustin Volz and Stephen Bailey, Senior Managing Director Dom Espinosa, Managing Director Zach Riebe, and Associates Taylor Hare and Chloie Mercer represented AEW Capital Management, the seller. The buyer was Forefront Commercial Real Estate. 

“The North Dallas Infill Portfolio’s full occupancy, near-term upside potential and attractive basis make it a prime investment with strong potential for growth,” said Volz.

The North Dallas Infill Portfolio spans three prime locations, including 1135 & 1215 Crowley Dr in Carrolton, 4415-4585 Simonton in Farmers Branch and 4040-4130 Lindbergh in Addison. Built between 1970 and 1979, the portfolio offers highly-functional shallow-bay industrial spaces with flexible single- and multi-tenant building configurations, allowing new ownership the opportunity for customization.