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TradeLane Buys 490K SF DeSoto Warehouse
TradeLane Properties acquired Southfield Park 35-Building 5, a 489,000 square foot Class A industrial building in DeSoto, Texas. Commercialsearch.com reports the company financed the purchase with a $55 million loan originated by Nationwide. Affinius Capital was the seller.
The building, developed in a joint venture featuring Affinius and Seefried Industrial Properties, is the first property delivered from a master-planned campus totalling 191 acres. The next phase of the project will include space under roof of over 600,000 square feet.
The recently sold asset includes 117 dock doors that feed into an interior with 40-foot clear heights, 185-foot deep truck courts and 52- by 50-foot column spacings. The exterior has 144 trailer parking spaces, capable of expansion by up to 50 spots.
A JLL Capital Markets Investment Sales and Advisory Team led by Trent Agnew, represented the seller, which was formerly known as USAA Real Estate.
- ◦Sale/Acquisition
