Wednesday, September 03, 2014

Investor buys warehouse complex at D/FW Airport

The 2-building warehouse complex was built in 2008. (CBRE)
A Minneapolis investor has purchased a 2-building warehouse complex at Dallas/Fort Worth International Airport.
The 202,140-square-foot industrial campus is at 2400 Esters Boulevard in Grapevine and is full leased to DB Schenker.
The buildings were constructed by Hillwood in 2008 and are at the north end of the airport.
An affiliate of Minneapolis-based Olympic Ventures bought the buildings from an Invesco partnership, Tarrant County deed records show.
CBRE Group brokered for sale the buildings located near State Highway 121 and 114.
DB Schenker has five years remaining on its lease at the proeprties. The tenant is a logistics subsidiary of  Deutsche Bahn AG.
Jack Fraker, Josh McArtor, Jonathan Bryan and Heather McClain Venegoni with CBRE negotiated the sale.