The business areas at DFW Company Park have been not too long ago up to date with fashionable fixtures and upgraded supplies. Picture courtesy of Gantry
Gantry has secured a complete of $23.4 million of senior financing and most popular fairness to capitalize the acquisition of DFW Company Park, a 211,385-square-foot industrial park in Grand Prairie, Texas. GPR Ventures bought the asset for $26 million, in keeping with CommercialEdge information.
Gantry’s Principal Braden Turnbull and Affiliate Keegan Bridges brokered the transaction, securing the financing on behalf of the borrower. The five-year and glued price everlasting mortgage was sourced by means of considered one of Gantry’s life firm correspondents. The corporate additionally organized the position of a most popular fairness dedication from a nationwide non-public fairness funding fund.
Accomplished in 1981, DFW Company Park includes 22 buildings on a 16.2-acre website. The flex-industrial park incorporates a number of rear-loaded warehouse areas, fashionable workplace house and road fronting retail areas for lease. The property options insulated ceilings, local weather management, 18-foot clear heights and roughly 630 parking areas.
Situated at positioned at 2100 N. Freeway 360, the commercial park is throughout the Arlington submarket. DFW Company Park is close to the intersection of Interstate and State Route 360, which offer direct entry to Dallas and Fort Value, Texas.
The Dallas-Fort Value industrial provide has elevated considerably in 2023. In accordance with a latest CBRE report, virtually 4.2 million sq. ft had been absorbed over the third quarter of 2023, bringing the quantity of business house absorbed within the Dallas/Fort Value because the fourth quarter of 2010 to 289.7 million sq. ft.
