Red Tail buys 462,618 SF in Richardson, Carrollton

CARROLLTON, RICHARDSON – A six-property, 16-building industrial portfolio totaling 462,618 sf has been purchased by Red Tail Acquisitions.

The properties consist of 1360-1420 Presidential Dr. and 850-890 North Dorothy Dr. in Richardson, as well as 1420 Halsey Way, 1406 Halsey Way, 2122 Country Club Dr. and 2855 Trinity Square Dr. in Carrollton.

The buildings are 87 percent leased to 41 tenants, which include Optex Systems Inc., Laboratory Corporations of America and Select Cabinet Co.

Red Tail Acquisitions bought the portfolio that included an $18.75 million ten-year, fixed-rate loan.

"The DFW industrial submarket is one of the most established industrial submarkets in Texas," said Tucker Knight, a managing director at HFF, which represented the seller, AEW Capital. "The properties in this portfolio are well-located, quality assets, and I expect them to see an upward trend in leasing."