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CBRE Investment Management Acquires McKinney National Business Park From Transwestern Development Company

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SOLD
Zach Riebe
Stephen Bailey
Dustin Volz
+ 2

Texas

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Industrial480,614 SF
Sold 07/29/2024
the dealplayerscompscontact
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SOLD

CBRE Investment Management Acquires McKinney National Business Park From Transwestern Development Company

1001 Harry Mckillop Boulevard

See Similar Deals
Industrial480,614 SF
Sold 07/29/2024
Zach Riebe
Stephen Bailey
Dustin Volz
+ 2
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:480,614 SF
Transaction Type:Sale

The property asset involved in this transaction is a 480,614 square foot industrial park located at 1001 Harry McKillop Boulevard in McKinney, part of the Dallas-Fort Worth market. The industrial park, known as McKinney National Business Park - Buildings I-III, is fully leased to multiple tenants and was delivered in 2023.

Summary of transaction details:

This transaction highlights the involvement of Newmark Industrial Capital Markets in brokering the deal. CBRE Investment Management acquired the three buildings, continuing to shape their portfolio within the industrial sector.

Players

Stephen Bailey
Newmark
Stephen Bailey
48 deals$323.3M volume(214) 450-7470
BROKER
Dustin Volz
Newmark
Dustin Volz
49 deals$432.2M volume(972) 322-5671
BROKER
Zach Riebe
Newmark
Zach Riebe
32 deals$297.5M volume(979) 255-4431
BROKER
Dom Espinosa
Newmark
Dom Espinosa
34 deals$254.5M volume(512) 694-0380
BROKER
Greer Shetler
Newmark
Greer Shetler
2 deals(210) 487-1176
BROKER

Details

SOLD
IMAGE: Topper Sheehy, Jack Copher, Denton Walker & Wilson White, Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe & Greer Shetler DATE: 7/29/2024 ADDRESS: 1001 Harry McKillop Boulevard MARKET: McKinney ASSET TYPE: Industrial BUYER: Topper Sheehy & Jack Copher - CBRE Investment Management SELLER: Denton Walker & Wilson White - Transwestern Development Company BROKERS: Dustin Volz, Stephen Bailey (@StephenBailey9), Dom Espinosa (@Domhoncho), Zach Riebe (@ZachRiebe) & Greer Shetler (@Greershetler) - Newmark (@Newmark) NOTE: Newmark Industrial Capital Markets brokered the sale of McKinney National Business Park - Buildings I-III, a 480,614 square foot industrial park in McKinney, within the Dallas-Fort Worth market. CBRE Investment Management acquired the three buildings from developer, Transwestern Development Company. The buildings are fully leased to multiple tenants and were delivered in 2023.

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