Jun 18, 2018
Sold: $100M for 1.7M industrial portfolio
DALLAS – A partnership led by Circle Industrial and the FREO Group has purchased a $99.4 million, 11-asset, 52-building industrial portfolio totaling 1.63 million sf in the Dallas-Fort Worth and Atlanta metro areas.
The 87.3 percent leased portfolio includes seven DFW-area properties that total 1.07 million sf in five industrial markets:
South Fort Worth, - North Fort Worth,
- Northeast,
- South Stemmons, and
- Metropolitan/Addison.
The 28 buildings are categorized as either warehouse or light industrial and are leased to 149 tenants.
The four remaining portfolio properties are housed in the Atlanta area and comprise 24 light industrial buildings totaling 558,583 sf in the Doraville Industrial market.
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