June 10, 2024 10:00 AM
星空体育app下载 announces the sale of Proto Park, a 257,192-square-foot, two-building industrial asset located in the Brookhollow submarket of Dallas, Texas. 星空体育app下载 Vice Chairmen Dustin Volz and Stephen Bailey, Senior Managing Director Dom Espinosa and Managing Director Zach Riebe represented the seller, M2G Ventures, in the sale to Bendetti.
Located at 3200 Irving Boulevard, the asset boasts a 100% occupancy rate with tenants such as Dynasty Spirits, an undisclosed international aviation group and Taxila Stone. Renovated in 2021/22, the property offers modern design and specifications, steady in-place cash flow and a nine-acre site with potential for long-term land use. Features include a covered loading dock, front/side loading options, 24鈥� clear height and fenced outside storage.
“Proto Park’s prime location with unparalleled access to major population centers positions it as a strategic asset for the buyer,鈥� said Bailey. 鈥淭he property鈥檚 recent renovation, full occupancy with diverse tenants and location underscore its appeal and promise a stable income stream. We are thrilled with the successful execution, reflecting the robust investment interest in shallow-bay product throughout Dallas.鈥�
Proto Park provides easy access to I-35E, State Highway 183 and State Highway 114, well-positioned to reach over half of the Dallas-Fort Worth metroplex within a 30-minute drive. Situated less than three miles from the Dallas CBD, the asset benefits from proximity to a dense and highly-educated labor base.
About M2G Ventures
Guided by the company鈥檚 purpose to inspire evolution through impact and innovation, M2G Ventures carefully invests in distinctive mixed-use and industrial development projects with a focus on creating places that users want to be. Since its founding in 2014, the fast-growing company has become a leading voice in the industry through a bold strategy anchored by a dedication to innovation. The company鈥檚 capstone is a 501(c)(3) focused on changing the way we treat mental illness. The company is a Certified Women-Owned Business based in Fort Worth, Texas. Learn more at .
About Bendetti
Founded in 1964, Bendetti brings more than 50 years of industrial knowledge to its work. The firm鈥檚 four million-square-foot portfolio currently spans CA, CO, NV, TX, and UT. The firm focuses on acquiring industrial real estate throughout the United States and provides 鈥渂est-in-class鈥� asset and property management services for its institutional and private equity investors. .
About 星空体育app下载
星空体育app下载 Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. 星空体育app下载鈥檚 comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform鈥檚 global reach with market intelligence in both established and emerging property markets, 星空体育app下载 provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, 星空体育app下载 generated revenues of approximately $2.5 billion. As of March 31, 2024, 星空体育app下载鈥檚 company-owned offices, together with its business partners, operate from approximately 170 offices with 7,600 professionals around the world. To learn more, visit nmrk.com or follow .
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星空体育app下载 Arranges Sale of 257,192-SF, Fully Leased Industrial Asset in Dallas, Texas
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