A joint venture between Thor Equities Group and Morgan Stanley has sold the Logistics Center at McKinney Building B, a class A, 301,796-square-foot industrial building in McKinney, Texas.
AC Industrial Properties acquired the asset for an undisclosed sales price.
Logistics Center at McKinney Building B is a rear-load building featuring 32-foot clear heights, 130-foot truck court, 52 overhead doors, two drive-in doors and 190 parking spaces.
The property is situated on 16.82 acres at 350 Cypress Hill Drive with direct access to Dallas–Fort Worth and Texas’s major commercial hubs via U.S. 75, Highway 380 and State Highway 121. As a result, Logistics Center at McKinney Building B is within 20 miles of 1.46 million residents. Furthermore, the building is located five miles from McKinney National Airport.
Logistics Center at McKinney Building B benefits from its position in the northeast Dallas industrial submarket, which accounts for approximately 20 perc
