CIP Real Estate Purchases Property At 1830 High Prairie Rd Grand Prairie Represented By JLL And Newmark

A three-building industrial portfolio has been sold in the Dallas-Fort Worth area, comprising 168,600 square feet. The properties, located at 1830 High Prairie Rd in Grand Prairie, feature clear heights ranging from 20 to 22 feet, a cross-dock configuration, and trailer parking components. They sat on a total of 35.3 acres and were fully leased at the time of the deal.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $25.2 million
• Address: 1830 High Prairie Rd, Grand Prairie, TX
• Market: Grand Prairie
• Buyer: CIP Real Estate
• Seller's Representatives: Adam Roossien (JLL), Dustin Volz (Newmark)
• Leased Tenants: X-treme Detail, Texas Hose Pro, Rango Truck Repair, Blitz Express
• Loan Originator: Bank of Hope
• Loan Type: Non-recourse, fixed-rate, five-year

The JLL team involved in the transaction included Senior Director Stephen Bailey, Managing Director Dustin Volz, and Associate Adam Roossien, while Director Jarrod McCabe and Executive Managing Director Kevin MacKenzie were responsible for securing the financing. Bailey and Volz also assisted in a prior transaction involving Speedway Logistics Crossing, which encompasses 798,246 square feet in Fort Worth.