Texas + Industrial | December 1, 2020

Birtcher Anderson JV Acquires DFW Industrial Portfolio

JLL Capital Markets closed the sale of and arranged acquisition financing for an eight-property shallow bay industrial portfolio totaling 606,889 square feet within infill markets in the Dallas-Fort Worth Metroplex area. The team of Stephen Bailey, Dustin Volz, Zane Marcell, Wesley Gilmer and Erin Lazarus worked on behalf of the seller, Fort Capital.

Birtcher Anderson, in a joint venture with Belay Investment Group, purchased the portfolio. Additionally, JLL’s Cullen Aderhold worked on behalf of the new owner to place the five-year, floating-rate acquisition loan.

The 95%-leased multi-tenant portfolio includes Manana Business Park at 2526 Manana Dr. in Dallas; Garden Brook Industrial in Farmers Branch; 4101 Lindberg in Addison; Luke Business Park in Irving; Hickory Business Park in Haltom City; and 1115 and 1101 NE 23rd St. and Suffolk Industrial Park in Fort Worth. All these properties are in premier infill locations in established industrial submarkets near major transportation arteries.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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