Property Reserve Inc. Acquires DalParc Logistics Center Industrial In Dallas With CBRE's Rep

The DalParc Logistics Center, a newly constructed 1 million-square-foot industrial development located at 3199 Telephone Rd, Dallas, TX, 75241, in the Dallas market, has been sold. The property, fully leased to an undisclosed tenant, was acquired by Property Reserve Inc. The sale was facilitated by Randy Baird, Jonathan Bryan, Ryan Thornton, and Eliza Bachhuber of CBRE, representing the seller and developer, VanTrust Real Estate.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Undisclosed
• Address: 3199 Telephone Rd, Dallas, TX, 75241
• Market: Dallas
• Seller's Rep: Randy Baird (CBRE)
• Buyer: Property Reserve Inc.
• SF: 1 million square feet

VanTrust Real Estate, based in Kansas City, was the seller and developer of the DalParc Logistics Center. Property Reserve Inc., the buyer in the transaction, made the acquisition of the fully leased industrial property. The project commenced construction in the summer of 2020, with VanTrust overseeing the development until its sale. Randy Baird, Jonathan Bryan, Ryan Thornton, and Eliza Bachhuber, all from CBRE, played key roles in facilitating this industrial property sale in South Dallas.