Eastgroup Properties Acquires Industrial Property In Grapevine For $89.7M

Located in Grapevine, the industrial property at 1160 Mustang Dr has been sold in a closed transaction. The property spans 611,000 square feet and was sold for a total price of $89,700,000, resulting in a price per square foot of $147. The buyer in the transaction is Eastgroup Properties, represented by Marshall A. Loeb.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $89,700,000
• Address: 1160 Mustang Dr
• Market: Grapevine

This transaction showcases the active presence of Eastgroup Properties, as they acquire the industrial property at 1160 Mustang Dr in Grapevine. The buyer's representative, Marshall A. Loeb, played a vital role in facilitating the deal.