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New York REIT buys Stanley Black & Decker distribution center

​NORTHLAKE – New York City-based REIT Lexington Realty Trust has purchased Stanley Black & Decker’s Al​​​liance Texas distribution center for $83.5 million.

The 1.2 million-sf building at 8601 E. Sam Lee Lane was sold by developer Hillw​ood. The sale closed in February. 

Stanley Black & Decker moved into the facility in 2019.​

Texas logoThe Real Estate Center has more on DFW’s industrial market:

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