Fort Capital has sold a 12-building, last-mile, shallow-bay industrial portfolio totaling 582,803 square feet in the Dallas-area community of Arlington, Texas. The financial terms were not disclosed; however, Arden Group acquired the assets.
The portfolio is 77 percent leased to 20 diverse tenants and was completed between 1961 and 1970. The building features include clear heights ranging from 13 to 24 feet, 26 percent office finish and ample parking.
Situated on a total of 28.75 acres within the high barrier-to-entry Great Southwest/Arlington Industrial submarket, the portfolio comprises the nine buildings in the 109th St. Business Park (605, 611, 615, 625, 701, 709-719, 723-727, 731-745, 759-765 and 2915 E. Randol Mill Road); 2821 E. Randol Mill Road; 3016-3030 Avenue E. and 1170-1180 109th St.
Each property has excellent access to a robust network of major transportation arteries, including Interstate 30 and SH 360, and proximity to many of Dallas’ largest
