DALLAS – PGIM Real Estate has partnered with Perlmutter Investment Co. to purchase a 30-building, 5.4 million-sf industrial portfolio for $700 million.
The portfolio includes three North Texas properties totaling almost one million sf. They are:
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I-20 Logistics Center in Grand Prairie,
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a building at 4721 Mountain Creek Pkwy. in Dallas, and
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an industrial asset at 120 Intermodal Pkwy. in Haslet.
The sale also includes assets in Los Angeles, Chicago, Seattle, and Louisville, Ky. The properties are almost fully leased.
The Real Estate Center has more on DFW’s industrial market:
Source: Dallas Morning News