Longpoint Partners Acquires 414871 Square Foot Industrial Asset In Irving From Brookfield Asset Management

The property involved in the transaction is the Valley View Business Center, an industrial asset located at 1401 Valley View Lane in Irving, Texas. This facility comprises 414,871 square feet and is classified as a Class A industrial property. It is fully leased to ASC Engineered Solutions and OMEGA Environmental Technologies, positioned strategically near major highways and the Dallas-Fort Worth International Airport.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 1401 Valley View Lane
• Market: Irving
• Asset Size: 414,871 SF
• Buyer: Longpoint Partners
• Seller: Bruce Flatt - Brookfield Asset Management
• Brokers: James (Jim) Carpenter, Jud Clements, Robby Rieke & Trevor Berry - Cushman & Wakefield

Cushman & Wakefield represented the seller, Brookfield Asset Management, facilitating the acquisition by Longpoint Partners. The brokers involved in this transaction include James (Jim) Carpenter, Jud Clements, Robby Rieke, and Trevor Berry, who worked on behalf of the seller to complete this deal.