Nine Property Business Park Portfolio Changes Hands: to Philadelphia-based Arden Group. The deal included eight freestanding net-leased industrial buildings in the Texas markets of Dallas-Fort Worth, Houston, Austin, and San Antonio. A speculative industrial building in Houston that just completed construction also was part of the transaction.

Arden Group purchased the approximately 350,000-square-foot, single-tenant portfolio that includes assets across five states. Ranging from 16,000 square feet to 150,000 square feet, the properties are strategically located in major industrial markets with low building coverage and boast outside storage or excess land with opportunities for future growth or expansion.

 

 

Read the Full Article