A San Antonio-based investment group has acquired the 65,460-square-foot Story Business Center in an off-market transaction. The group used 1031 exchange funds to snap up its second industrial flex property in Irving’s Las Colinas submarket.
Sequin Court Plaza LP’s newest holding is a fully leased project set on nearly four acres at 3010 Story Rd. W. in Irving. Jason Finch, market director of Dallas-based Bradford Commercial Real Estate Services, and Michael W. Spain, EVP and managing partner at Bradford, represented the buyer in the direct deal.
“The buyer was targeting the Las Colinas area because of its location and quality of buildings,” said Finch.
The seller was Americo Story LP, which owned the complex for about three years. The just-sold project is strategically positioned on the east side of Dallas/Fort Worth International Airport, putting it within easy reach of freeways running north, east, south and west.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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