Cabot Properties sold an eight-building modern industrial portfolio totaling approximately 2.4 million square feet across Dallas-Fort Worth and Houston, Texas. The portfolio was acquired by a private real estate investment firm.Â
Five of the properties are in the Dallas-Fort Worth submarkets of South Dallas, Alliance, DFW Airport, and Great Southwest/Arlington with an average vintage of 2015, totaling approximately two million square feet. Sustained occupier demand, declining vacancy, and improving absorption across large-format industrial space have resulted in a recent period of accelerated leasing and transactional activity in the Dallas-Fort Worth market. The additional three buildings are in Houston’s Northwest and North Corridors.
The Capital Markets Teams of CBRE, Cushman & Wakefield, and Eastdil Secured represented Cabot separately across the transaction.Â
Last week, Cabot sold a collection of 11 industrial properties totaling approximately 2.5 million square feet across key industrial submarkets in Greater Chicago and Minneapolis, Minnesota.
The post Cabot Offloads 2.4M-SF Texas Industrial Portfolio appeared first on Connect CRE.
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