facebook
Traded Co logo
Submit
Daily limit: 0/10

David Luski Acquires Industrial Portfolio In Plano With Financing From New York Life

Property Image
SOLD
Robby Rieke
Madeleine (Aufricht) Supplee
+ 2

Texas

See Similar Deals
Industrial6,770,088 SF
Sold 06/03/2024
the dealplayerscompscontact
Property Image
SOLD

David Luski Acquires Industrial Portfolio In Plano With Financing From New York Life

3601 East Plano Parkway, 2700 Summit Avenue, 3101 Summit Avenue, 1100 Klein Road, 3501 East Plano Parkway, 3301 East Plano Parkway, 2801 East Plano Parkway & 2701 East Plano Parkway

See Similar Deals
Industrial6,770,088 SF
Sold 06/03/2024
Robby Rieke
Madeleine (Aufricht) Supplee
+ 2
Contact now

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:6,770,088 SF
Transaction Type:Sale

An eight-building industrial portfolio spanning 846,261 square feet in Plano, Texas has been acquired in a recent transaction. The properties are located at 3301 East Plano Parkway, 3601 East Plano Parkway, 2700 Summit Avenue, 3101 Summit Avenue, 1100 Klein Road, 3501 East Plano Parkway, 2801 East Plano Parkway, and 2701 East Plano Parkway in the bustling Plano market.

Summary of transaction details:

DRA Advisors, represented by David Luski, made the purchase while Link Logistics, with Luke J. Petherbridge at the helm, served as the seller in this substantial real estate deal. The acquisition financing of $79 million was provided by New York Life. Notably, the metroplex properties are fully leased to 15 different firms, including major companies like Samsung and Unicom Engineering. The sale was facilitated by the brokerage team from Cushman & Wakefield, comprising James Carpenter, Jud Clements, Madeleine Supplee, Robby Rieke, and Trevor Berry.

Players

James (Jim) Carpenter
19 deals$373.6M volume
BROKER

Jud Clements
Cushman & Wakefield
12 deals$145.3M volume(972) 663-9942
BROKER

Robby Rieke
Cushman & Wakefield
12 deals$99.8M volume(972) 663-9907
BROKER


Trevor Berry
Cushman & Wakefield
10 deals$145.3M volume(972) 663-9694
BROKER

New York Life
LENDER

Details

SOLD
IMAGE: David Luski, Luke J. Petherbridge, James Carpenter, Jud Clements, Madeleine Supplee, Robby Rieke & Trevor Berry DATE: 06/03/2024 ADDRESS: 3301 East Plano Parkway, 3601 East Plano Parkway, 2700 Summit Avenue, 3101 Summit Avenue, 1100 Klein Road, 3501 East Plano Parkway, 2801 East Plano Parkway & 2701 East Plano Parkway MARKET: Plano ASSET TYPE: Industrial ~ SF: 846,261 BUYER: David Luski - DRA Advisors SELLER: Luke J. Petherbridge - Link Logistics (@LinkLogisticsre) BROKERS: James Carpenter, Jud Clements, Madeleine Supplee (@Madsupp3), Robby Rieke & Trevor Berry - Cushman & Wakefield (@CushWake) LENDER: New York Life (@NewYorkLife) NOTE: DRA Advisors has acquired an eight-building industrial portfolio spanning 846,261 square feet in Plano, Texas, with New York Life providing $79 million in acquisition financing. Link Logistics sold the Metroplex properties, fully leased to 15 firms including Samsung and Unicom Engineering, in a transaction arranged by Cushman & Wakefield.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$0.00

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00