Stonelake Capital Partners Acquires Distribution Center In Euless From Bessemer Trust

An industrial property spanning 119,995 square feet, situated on 6.4 acres of land at 4400 Diplomacy Road in Euless was recently part of a sale transaction. The property, a distribution center within the CentrePort Business Park, boasts features like 24-foot clear heights and easy access to major Texas highways and airports.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not Specified
• Buyer: Kenneth E. Aboussie, Jr. - Stonelake Capital Partners
• Seller: Bessemer Trust; Hersch & Co.
• Buyer's Rep: Coleman Brown, Keontae Burns, Michael Massad & Will Thomas - Stonelake Capital Partners
• Seller's Rep: James Carpenter, Jud Clements, Madeleine Supplee & Robby Rieke - Cushman & Wakefield

Stonelake Capital Partners led the acquisition of the property, representing a joint venture of Bessemer Trust and Hersch & Co. Litex Industries currently occupies the premises as the sole tenant. The deal was facilitated by Cushman & Wakefield, with the property offering strategic advantages such as excellent transportation connectivity within the Metroplex.