Monday, August 12, 2013

Arlington Industrial Complex is Sold to KTR Capital

New York-based investor KTR Capital Partners has purchased a 3-building industrial property in Arlington.
The 543,000-square-foot warehouse center at 600 109th Street is located just east of State Highway 360.
The industrial complex is fully leased to industrial tenants.
“This acquisition presents a good opportunity to expand our presence in a competitive market at a relatively low basis coupled with an attractive yield,” Mace McClatchy, vice president of investments for KTR, said Monday in a statement.
Terms of the acquisition were not disclosed.
With the latest purchase, KTR has about 2.4 million square feet of Dallas-Fort Worth area real estate.
Read more at: Dallas News
Author: Steve Brown