NORTHLAKE – New York City-based REIT Lexington Realty Trust has purchased Stanley Black & Decker's Alliance Texas distribution center for $83.5 million.
The 1.2 million-sf building at 8601 E. Sam Lee Lane was sold by developer Hillwood. The sale closed in February.
Stanley Black & Decker moved into the facility in 2019.
The Real Estate Center has more on DFW's industrial market:
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