The business park is leased to tenants including DHL Supply Chain, Lowe’s Home Centers and Muenster Milling Co.“We seized on the opportunity to acquire these fully leased, Class A assets during a period of uncertainty in the capital markets,” Westcore managing director Hack Adams said in a statement. “We are extremely excited to be adding to our Texas industrial portfolio, which now totals 5 million square feet.
Founded in 2000, Westcore has a track record of almost $10 billion in properties. The firm also has offices in Los Angeles, Oakland, Calif., and Dallas.“Denton’s location at the convergence of I-35E and I-35W continues to drive high user demand,” CBRE’s Jonathan Bryan said in a statement. Bryan, Randy Baird, Ryan Thornton, Nathan Wynne, Eliza Bachhuber and Taylor Hare with CBRE brokered the sale.
Denton has been one of North Texas’ fastest-growing industrial markets with more than 4 million square feet of buildings under construction at the end of 2022, according to CBRE.Related:
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