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

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.