FORT WORTH, PLANO - Westmount Realty Capital LLC joined forces with Eastlake Partners LLC to acquire two industrial/distribution properties on different sides of the Metroplex.
The 45,805-sf Krona Business Park in Plano is located at 625 Krona Dr. and was built in 1986. The office/warehouse property had a historical occupancy level of 100 percent since 2008.
The 96,400-sf, two-building asset in Fort Worth is located at 1401-1424 Northpark Dr. Constructed in 1978, the asset is 35 percent leased to four tenants.
Unlike the Plano property, the Northpark property was acquired at a steep discount to replacement cost.
Read more at GlobeSt.com.
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