Thursday, March 12, 2015
Caddo Holdings buys Dallas building in Brookhollow Industrial Park
Dallas real estate investment firm Caddo Holdings has bought a headquarters and manufacturing facility in Brookhollow Industrial Park for an undisclosed sum.
The firm bought the single-story, 101,939-square-foot building at 1011 Regal Row through its Caddo Industrial Fund I's affiliate CIF 1011 Regal LLC.
The building was an excellent first addition for the fund based on its location and quality of the tenant, Caddo CEO Dustin Schilling told the Dallas Business Journal.
"We are looking for additional opportunities like this one," Schilling told me. "We expect to buy several properties with this entity."
About 18 months ago, Schilling named Scott Gregory to spearhead Caddo Holdings' industrial acquisition program. Gregory will have a strong focus on infill industrial properties, Schilling told me.
Gregory and Justin Engler of Caddo Holdings represented the buyer in the deal. Gary Walker, Shane Benner and Renee Efimoff of Coldwell Banker Commercial Alliance DFW represented the seller, Grapevine-based Kruse Farms LP.
Coldwell Banker Commercial's brokers have leased and managed the property since 2007.
The 5.3-acre site sits next to State Highway 183 and has a protected rear property line that backs up to the Trinity River and railroad tracks. The property has 160 parking spaces and 14 loading docks.
The industrial property is leased to Guard-All Building Solutions, which has a term left on its triple net lease.
Caddo Real Estate Services will manage the property moving forward.
Candace Carlisle, Dallas Business Journal