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2525 E State Hwy 121, Lewis...

Mark Collins(Cushman & Wakefield) Completes 238,000 SF Industrial Lease In The Colony
LEASEDIndustrial

Mark Collins(Cushman & Wakefield) Completes 238,000 SF Industrial Lease In The Colony

2525 E State Hwy 121, Lewisville, TX...

Building Size

238,000 SF

Asset Type

Industrial

Closing

Nov 14, 2019

AI

The asset involved in this transaction is an industrial property located at 2525 E State Hwy 121, Lewisville, TX, encompassing a total area of 238,000 square feet. This regional distribution center is situated in the Colony market. The leasing of this property reflects Benjamin Moore's desire to expand its operations within the metro Dallas-Fort Worth area.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 2525 E State Hwy 121, Lewisville, TX
  • Square Feet: 238,000
  • Market: The Colony
  • Tenant's Representative: Mark Collins-Cushman & Wakefield
  • Landlord: Unknown

The transaction marks a notable expansion for Benjamin Moore as it relocates from a smaller 70,000-square-foot facility in Mesquite, approximately 40 minutes away. The Mesquite site will continue to operate as a manufacturing facility while the new location will enhance distribution efforts in the region.

Players

Mark Collins

Cushman & Wakefield

Broker

4 deals

Broker

The Colony Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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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