Tenant Managers Acquires 119,877 Square Foot Industrial Facility In Longview From Trinity Industries

The property asset involved in this transaction is an industrial facility located at 202 Progress Boulevard in Longview, Texas. The facility encompasses 119,877 square feet and is situated on a 30-acre lot. It features multiple heavy cranes with capacities ranging from 5 to 35 tons and 60-foot clear heights, designed to accommodate large-scale manufacturing and logistics operations. This asset was originally developed by Trinity Industries.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Square Footage: 119,877
• Acres: 30
• Buyer: Tenant Managers
• Seller: Trinity Industries
• Buyer's Representative: Nirav Shah & Nikhil Shah - Tenant Managers
• Seller's Representative: J. Holmes Davis, IV - Binswanger
• Leased to: DieselCore
• Lease Area: 60,000 square feet
• Note: DieselCore will utilize the facility to support its national expansion.

This transaction was executed by Tenant Managers, a national real estate investment and operations firm, which aims to acquire and reposition infrastructure-rich industrial assets in strategic growth markets. The firm's portfolio now includes over 1.65 million square feet and 116 acres across various sectors, enhancing its capability to serve its customers effectively.