CBRE Global Investors has purchased Southlake Business Park, a new class A, fully leased, three-building premier light industrial park totaling 182,129 square feet in the infill Dallas-Fort Worth-area community of Southlake, Texas. The financial terms were not disclosed.
JLL represented and marketed the business park on behalf of the seller, Holt Lunsford Commercial Investments.
The state-of-the-art Southlake Business Park was completed in 2020 and is fully leased to six tenants with an average remaining lease term of 6.7 years. The rear-load buildings feature clear heights ranging from 24 to 28 feet, 63 dock-high doors, 15 percent office finish, ESFR fire protection and ample vehicle parking.
Southlake Business Park is at 415, 419 and 423 Bank St. in an infill location within Southlake, an affluent northwest Dallas suburb. The park has superior access to State Highways 26, 114 and 121, providing tenants the ability to reach the entire DFW Metroplex, which hou
