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Bixby Purchases 533K-SF Mesquite Industrial Park
Bixby Capital Management picked up a 533,632-square-foot, Class A industrial portfolio in Mesquite, previously owned by Huntington Industrial Partners.
CBRE brokered the deal and secured the financing on behalf of Bixby Capital. PCCP provided an acquisition loan. According to CommercialEdge data, Huntington broke ground in December 2022 after securing a $35.5 million construction loan from Simmons Bank. One year later, the three buildings came online. At the time of its sale to Bixby, the industrial campus was 78 percent leased to two tenants.
The park includes a 241,512-square-foot cross-dock facility and two front-load buildings measuring 117,260 and 174,860 square feet.
The 42.4-acre campus is at 1420, 1204 and 1110 Military Parkway, roughly 2 miles from Interstate 635 and some 4 miles from U.S. Route 80.
The CBRE team that brokered the deal included Randy Baird, Jonathan Bryan, Ryan Thorton, and Nathan Wynne. CBRE Scott Lewis and Matt Ballard secured the financing on behalf of Bixby.
- ◦Sale/Acquisition
