Dallas: Big Apple takes Horizon, Teco properties

DALLAS – Clarion Partners has disposed of two industrial assets in Dallas’ northeast submarket since May 2013. The firm recently sold the 158,785-sf Horizon Business Center to a Southern California Investor in August and the 90,364-sf Teco Metal Products facility to Brennan Investment Group in May.

Horizon Business Center, built in the late 1980s, consists of three buildings (measuring approximately 23,000 sf, 42,000 sf and 97,000 sf) at 13435, 13445 and 13465 Jupiter Rd. The buildings are 100 percent occupied. According to the Dallas Central Appraisal District (DCAD), Clarion Partners had owned the property since 2004.

The Teco facility at 11477 Pagemill Dr. was fully leased to a single tenant. DCAD indicates that Clarion Partners had owned the 1970s building since the early 1980s.

Clarion Partners is based in New York City.

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