Dalfen Industrial has acquired a two-building, 408,308-square-foot industrial park via a sale-leaseback in Forney, Texas, a submarket east of Dallas. The financial terms and the seller were not disclosed.
In addition to the existing building, this acquisition provides approximately 4.85 acres of undeveloped land that could be used for an outdoor storage yard or a 200,000-square-foot expansion of the western building.
The property is located in one of Dallas/Fort Worth’s fastest-growing industrial submarkets with great access to the metro’s major thoroughfares such as Interstate 635, I-30, and I-80. This location offers access to more than 1.1 million people within a 30-minute drive with a strong labor pool. Other prominent companies in the area include Amazon and Goodyear.
“Our belief in the strength of the East Dallas industrial submarket in Dallas/Fort Worth is evidenced by our continued acquisition and development in the area,” said John Lettier
