CBRE Investment Management buys 1msf industrial distribution

Creation, an investment and real estate development firm, has sold 820 Exchange to CBRE Investment Management.

820 Exchange, located between Beach Street and Haltom Road, south of Interstate 820 in Haltom City, Texas, is a four-building, nearly 1 million-square-foot industrial distribution project that provides state-of-the-art amenities to logistics users and offers access to key transportation routes in the Dallas–Fort Worth metro area.

820 Exchange has highway accessibility and is only four miles north of Fort Worth's bustling downtown. Fast-growing Fort Worth is part of the fourth-largest metro area in the United States.

820 Exchange is 71 percent leased with a 9.9-acre portion being retained by Creation for future development. 820 Exchange was Creation's first logistics-development project in the Dallas–Fort Worth market. The Creation team, as well as its partner LGE Design Build, officially opened a Dallas office in early 2020 and has built a pipeline