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Dallas Arbor Metals leases 98,000 SF from BrennanDallas Arbor Metals leases 98,000 SF from Brennanhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=7402015-06-15T10:24:00Z2015-06-15T00:00:00Z

DALLAS - Brennan Investment Group LLC, a private real estate investment firm that acquires, develops, and operates industrial facilities, announced its purchase, and simultaneous leaseback to Arbor Metals LLC located at 811 Regal Row.

Listed at $4.15 million, the 97,927-sf Class B property sits on 4.56 acres and had an 8.25 percent cap rate. This acquisition increases Brennan’s Southwest region portfolio to 21 buildings.

“The Dallas-Fort Worth market has demonstrated strong fundamentals, evidenced by 18 consecutive quarters of positive net absorption year-to-date, and an overall occupancy of 92.7 percent.

This quarter saw 6 million sf in absorption compared to 2.3 million sf in 4Q 2014,” said Troy MacMane, Managing Principal of Brennan Investment Group.

Online news
Dallas-Fort Worth-Arlington
Industrial
http://brennanllc.com/content/brennan-adds-its-dallas-portfolioRead more at {Source}

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