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Wednesday, August 21, 2013
Boston-based Investor Buys Two North Texas Industrial Buildings
Real estate investment firm Cabot Propertieshas purchased two
Dallas-area industrial buildings.
The 754,554-square-foot acquisition includes the Northlake Industrial Center – off Interstate 35W north of the Alliance Texas development – and Towne Lake Business Park Two, located south of Dallas/Fort Worth International Airport.
Panattoni Development Co. built both properties in 2008. They are fully leased to tenants including Exel, CEVA Logistics and Falken Tire Corp.
HFF LP’s Randy Baird, Jud Clements and Robby Rieke marketed the properties for sale by Panattoni Development. Terms of the deal were not disclosed.
Cabot Properties is based in Boston and has $5.2 billion in properties in North America and the U.K.