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Three Lewisville Warehouses Included in $84.25M Portfolio Trade
CBRE has arranged a $61.81 million loan to acquire a 463,486-square-foot industrial portfolio containing four recently completed facilities. Three are in the Dallas metro area, and one is in Nashville, Tennessee. Bixby Capital Management bought the portfolio for $84.25 million from an undisclosed seller.
Brian Linnihan, Mike Ryan, Richard Henry and JP Cordeiro with CBRE Capital Markets’ Debt & Structured Finance team in Atlanta secured the floating-rate, full-term interest-only loan from PCCP on behalf of Bixby Capital Management. At the time of financing, it was 56.2% occupied by three tenants.
The portfolio includes Red River Business Park at 900 Arthurs Lane in Lewisville, Texas.
Red River Business Park, completed in 2024, comprises three rear-load buildings totaling 241,104 square feet, 64 dock-high doors, 6 drive-in doors, 130’ and 196’ shared truck courts, and 227 auto- and 4 trailer-parking spaces.
Dallas-Ft. Worth absorbed the most industrial space in the quarter, recording net absorption of 4,023,199 million square feet.
