Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Texas  + Industrial  | 

Abilene FedEx Sells for $8M

Double Run LP, based in La Habra Heights, CA, acquired a 67,704-square-foot FedEx Ground distribution facility in Abilene, TX. The buyer paid the developer (and seller – Devron Abilene LLC ) $7.5 million for the facility at 801 N. Arnold Blvd.

Allen Buchanan and Joshua Harper with Lee & Associates’ Orange County, CA office represented the buyer. Douglas Longyear of Cushman & Wakefield advised the seller. FedEx has a long-term lease in place, with expiration in 2025. The building delivered in 2012, and was expanded in 2015.

“Our client was an investor, who purchased the Texas building to affect a tax-deferred exchange,” said Buchanan. “Cash flow, ease of management and the multiyear lease had appeal to the buyer.”

For comments, questions or concerns, please contact Amy Sorter

For advertising information, please contact Joni Margotta


Inside The Story

Read More at Lee & AssociatesConnect with Lee & Associates' BuchananConnect with Cushman & Wakefield's Longyear

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

Step 1: Select Education
  • ◦Sale/Acquisition
New call-to-action