Cabot Offloads 2.4M-SF Texas Industrial Portfolio

Cabot Properties sold an eight-building modern industrial portfolio totaling approximately 2.4 million square feet across Dallas-Fort Worth and Houston, Texas. The portfolio was acquired by a private real estate investment firm.

Five of the properties are in the Dallas-Fort Worth submarkets of South Dallas, Alliance, DFW Airport, and Great Southwest/Arlington with an average vintage of 2015, totaling approximately two million square feet. Sustained occupier demand, declining vacancy, and improving absorption across large-format industrial space have resulted in a recent period of accelerated leasing and transactional activity in the Dallas-Fort Worth market. The additional three buildings are in Houston’s Northwest and North Corridors.

The Capital Markets Teams of CBRE, Cushman & Wakefield, and Eastdil Secured represented Cabot separately across the transaction.

Last week, Cabot sold a collection of 11 industrial properties totaling approximately 2.5 million square feet across key industrial submarkets in Greater Chicago and Minneapolis, Minnesota.

Connect

Inside The Story

Cabot Properties

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

Order Reprints