California firm boosts investment in D-FW with big warehouse buy

A California real estate firm is boosting its investment in McKinney, a fast-growing hub for logistics firms.

The seller was a joint venture between New York-based Thor Equities Group and Morgan Stanley. Thor Equities Group owns $20 billion in real estate properties around the world. AC Industrial Properties LLC, parent company of Texas Industrial Warehouses LLC, also owns the Logistics Center at McKinney Building A as well as four properties in Dallas.

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