Lee & Associates Negotiates the Sale of a Two-Building Portfolio in Texas
FORT WORTH, Texas— November 7, 2014— The Dallas/Fort Worth offices of Lee & Associates, the largest broker-owned commercial real estate firm in the nation, has negotiated the multi-million sale and lease back of a two buildings in Texas. The price of the transaction could not be disclosed.
Mark Graybill, CCIM, principal and Adam Graham, CCIM, principal of Lee & Associates Dallas/Fort Worth represented an undisclosed seller for the two property portfolio consisting of a 48,000-square-foot industrial building on 8 acres of land located at 7200 Jack Newell Blvd., Fort Worth, Texas. The other building, a 26,000-square- foot industrial building on 29 acres at 2801 N Earl Rudder Freeway in Bryan, Texas, completed the portfolio.
Both properties are specialized manufacturing facilities with outside storage and sold with long-term leases for each property in place at time of closing. The buyer, Triple Net Acquisitions, was represented in-house on the transaction.