BentallGreenOak Acquires Property From Invesco Real Estate With Dustin Volz Of Newmark As Representative

The property involved in the transaction is DFW Park 161, an industrial development located at 3000 State Hwy 161, Irving, TX, 75038. This asset comprises three buildings situated on a 91-acre site, featuring characteristics such as 32- to 36-foot clear heights, 227 dock-high doors, eight drive-in doors, low office finishes, ESFR fire protection, LED lighting, and ample trailer and vehicle parking spaces. The property was fully leased at the time of sale.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Undisclosed
• Address: 3000 State Hwy 161, Irving, TX, 75038
• Market: Irving
• Seller: Invesco Real Estate
• Buyer: BentallGreenOak
• Seller's Representatives: Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe & Jack Copher - Newmark

The transaction was facilitated by JLL, who arranged the sale on behalf of the seller, a partnership between Invesco Real Estate and Perot Development Co. Global institutional investment firm BentallGreenOak acted as the buyer. The property is strategically located just east of Dallas-Fort Worth International Airport, emphasizing its logistical advantages.