Updated Aug 14, 2025
Foundry Commercial And Crow Holdings Acquire 6.84-Acre Development Site In Irving From RM Crowe
4250 North Belt Line Road
Building Size
45,000 SF
Asset Type
Development Site
Closing
Jun 23, 2025
About this deal
AI
A 6.84-acre development site located at 4250 North Belt Line Road in Irving has been sold. The asset will be redeveloped into a 118,032-square-foot Class A industrial facility, representing a significant investment in the area.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 4250 North Belt Line Road
- Market: Irving
- Building Size: 118,032 square feet
- Buyer: Jim Traynor - Foundry Commercial & Crow Holdings
- Seller: Mo Crowe - RM Crowe
- Broker: Chris Murphy - Newmark
This transaction involves RM Crowe remaining a key player as both a general partner and equity investor in the redevelopment project, further indicating their ongoing commitment to the success of this development.
On the Map
Development Site
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Irving Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93