The 80,791 SF industrial/flex building is located within a desirable Dallas-Fort Worth Airport submarket. The brick and glass building is 100 percent conditioned, provides 20’ clear span, and is situated in a Class A institutional grade business park. The building was 39 percent occupied at acquisition in Q2 2010 after foreclosure and had been suffering from leasing and management neglect. The business plan involved substantial interior repositioning and subsequent lease-up. After achieving 100 percent occupancy, the asset was packaged with neighboring Beltline Tech Center and sold in Q4 2014.
Tristar Tech Center
Industrial | Realized
Dallas, TX
Asset Summary |
|
|---|---|
| Acquisition Date | Q2 2010 |
| Size | 80,791 SQ FT |
| Property Type | Industrial |
| Deal Profile | Fund I, Acquisition |
| Investment Profile | Value-Add |
| Deal Source | On Market |
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