Skip to main content

VEREIT, Ocean West take Dallas industrial facility for $247M

​​​​DALLAS – VEREIT Inc. and Ocean West Capital Partners LLC have acquired a 2.3 million-sf distribution and warehouse facility from NorthPoint Developm​ent for $246.7 million. 

The facility at 9314 W. Jefferson Blvd. is fully leased by a home improvement retailer.

The acquisition is part of VEREIT’s industrial partnership with Korea Investment & Securities Co. Ltd., which is advised by Ocean West. 

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

Leave a Reply

Your email address will not be published. Required fields are marked *