Jetstar 114 Business Center Marks Meritex’s First DFW Buy

A Minnesota investor made its first Dallas-area buy, acquiring Jetstar 114 Business Center in Irving, TX. Buyer Meritex Co. now owns the three-building, 84,808-square-foot industrial portfolio in Irving. The 100%-occupied buildings are at 8000, 8050 and 8100 Jetstar Dr., near Dallas-Fort Worth International Airport.

The property was developed by Jackson-Shaw and came online in 1999. Holt Lunsford Commercial is managing the property; Colliers International brokered the transaction.

Meritex indicated this transaction would be the first of many in the Dallas area. “We recently selected Dallas as a strategic expansion market for us,” said Ray Kivett, the company’s Chief Investment Officer. “Historically and going forward, Dallas has and will continue to show strong job and population growth over the long term, which fits our 103-year-old company’s investment objectives.”

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