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California investor snags Grapevine business park for $123M

​​PictureGRAPEVINE – Califor​nia-based PS Business Parks Inc. purchased the 717,000-sf Port America industrial campus for $123 million.

Located near​ SH 114, the 15-building property is 96 percent occupied.

The buildings were built between 1981 and 2002 and were previously owned by Stockbridge Capital. 

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

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