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Nuveen Offloads 400K-SF Dallas Warehouse
Nuveen Real Estate sold a 403,200-square-foot warehouse in Dallas to BakerTriangle. Frost Bank issued a $27.3 million acquisition loan.
Commercial Search reports the new owner, a prefab company, operates a manufacturing facility in the northern Richardson submarket, while its corporate headquarters are in the Dallas suburb of Mesquite.
The property was delivered in 2001 on a 29-acre site at 4130 Port Blvd. in southern Dallas, near Interstate 20 and about 3 miles from its intersection with Interstate 45. This submarket has seen its fair share of recent industrial deals, including Ares’ divestment of a 610,622-square-foot asset located less than 8 miles away.
Nuveen has $34 billion in assets under management across the globe.
