SHERMAN – Preston Forrest Capital acquired a 518,700-sf distribution warehouse at 1400 W. FM 1417.
The building is on 70 acres within the 3,300-acre Progress Park master-planned business park.
It is fully occupied and serves as a regional distribution hub for CertainTeed Corporation.
CBRE represented the seller, the State of Texas Permanent School Fund and General Land Office.
Get more Sherman-Denison news on the Texas Real Estate Research Center’s website:
Source: Connect CRE