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1111 Digital Drive
SOLD

BBE Phoenix Fund LP Acquires 1111 Digital Drive Industrial Property In Richardson

1111 Digital Drive

Industrial
52,456 SF
clock iconSold 102 days ago
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Summary

Sale
TEXAS
Industrial
52,456 sqft

The sale involved Spring Creek Business Park, a 52,456-square-foot industrial property located on 3.6 acres at 1111 Digital Drive in Richardson. The property, constructed in 1983, features 18-foot clear heights. The seller, Adima US LLC, was represented by Sara Fredericks from Newmark, while Morgan Realty Group acted as the buyer's representative on behalf of BBE Phoenix Fund LP.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Buyer: BBE Phoenix Fund LP
  • Seller: Adima US LLC
  • Buyer's Representative: Morgan Realty Group
  • Seller's Representative: Sara Fredericks - Newmark

Newmark, through Sara Fredericks, handled the sale of the industrial property in Richardson. This transaction represents the successful facilitation of the deal between the buyer, BBE Phoenix Fund LP, and the seller, Adima US LLC, showcasing the expertise and representation provided by Morgan Realty Group and Sara Fredericks of Newmark in the property transaction.

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Sara Fredericks
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Director

Details

Deal Summary
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SOLD
IMAGE: Sara Fredericks DATE: 04/09/2024 ADDRESS: 1111 Digital Drive MARKET: Richardson ASSET TYPE: Industrial ~ SF: 52,456 ~ ACRES: 3.6 BUYER: BBE Phoenix Fund LP SELLER: Adima US LLC BUYER'S REP: Morgan Realty Group SELLER'S REP: Sara Fredericks (@Sarabythesquarefeet) - Newmark (@Newmark) NOTE: Newmark has facilitated the sale of Spring Creek Business Park, a 52,456-square-foot industrial property situated on 3.6 acres in Richardson, a northeastern suburb of Dallas, constructed in 1983 with 18-foot clear heights, according to LoopNet Inc. Sara Fredericks of Newmark represented the seller, Adima US LLC, while Morgan Realty Group represented the buyer, operating as BBE Phoenix Fund LP, in the transaction.

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