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Lightstone nabs 650K-sf Garland distribution center

​GARLAND – Lightstone has acquired a four-building, 649,361-sf warehouse and distribution facility at 4040 Forest Ln.

Built in 1960 and renovated in 2016, the facility has clear heights ranging fr​om 12 to 40 ft, 40 loading docks, 18 overhead doors, six drive-in doors, and substantial parking. 

The 47-acre property is 97 percent leased to five tenants.

JLL placed $14.4 million in acquisition financing through RGA Reinsurance Co. for the buyer. 

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

Source: Connect Media

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