North Texas assets sold as part of 30-property portfolio

​​​​DALLAS – PGIM Real Estate has partnered with Perlmutter Investment Co. to purchase ​a 30-building, 5.4 million-sf industrial portfolio for $700 million.​​​

The portfolio includes three North Texas properties totaling almost one million sf. They are:

• I-20 Logistics Center in Grand Prairie,

• a building at 4721 Mountain Creek Pkwy. in Dallas, and 

• an in​dustrial asset at 120 Intermodal Pkwy. in Haslet. 

The sale also includes assets in Los Angeles, Chicago, Seattle, and Louisville, Ky. The properties are almost fully leased. 

The Real Estate Center has more on DFW’s industrial market:

• ​​Texas Quarterly Commercial Report
• ​Dallas-Fort Worth-Arlington industrial news​