CanTex Capital and Imperium Capital recently acquired 4001 Irving Blvd., a 19.2-acre parcel with approximately 135,000 square feet of industrial buildings. The area has been described as one of the most robust industrial submarkets in the Dallas-Fort Worth metro.
“We are seeing high demand for large infill land sites across the Dallas-Fort Worth market,” said Romit Cheema, CEO of CanTex. “It is rare to find an industrial property of this size and proximity to downtown Dallas. A site like this also offers long-term redevelopment potential.”
4001 Irving Blvd. is adjacent to the Dallas Design District within the West Brookhollow Industrial submarket, which has access to DFW economic drivers including DFW International Airport, Dallas-Love Field Airport and downtown. Additionally, the property is one of the only properties on Irving Boulevard with direct access to the Dallas, Garland and Northeastern Railroad.
“4001 Irving is the first of many industrial acquisitions in Dallas for Imperium Capital,” adds Sam Schneider, managing partner of Imperium. “We are very bullish on the entire DFW market and look forward to being very active there.”
JLL worked on behalf of the borrower, a partnership between CanTex Capital and Imperium Capital, to place the acquisition loan. The debt placement team was led by Jarrod McCabe and Campbell Roche.
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
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