Lake Washington Partners Acquires Industrial Property In Dallas For $47M

4831 Cleveland Road, an industrial property located in Dallas, was recently sold in a closed transaction. The property, spanning 418,000 square feet, was purchased for a sale price of $47,000,000, resulting in a price per square foot of $112. The buyer in this transaction was Lake Washington Partners, represented by Jordan Lott. The seller of the property was Blumenfeld Development Group. The deal was facilitated by the brokers Dustin Volz, Stephen Bailey, Adam Citron, Dom Espinosa, and Zach Riebe from Jones Lang LaSalle.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $47,000,000
• Address: 4831 Cleveland Road, Dallas
• Market: Dallas
• Buyer: Lake Washington Partners - Jordan Lott
• Seller: Blumenfeld Development Group
• Brokers: Dustin Volz, Stephen Bailey, Adam Citron, Dom Espinosa, and Zach Riebe - Jones Lang LaSalle

This transaction represents a notable deal in the industrial property market. The involvement of Lake Washington Partners, with Jordan Lott as their representative, showcases their interest in expanding their portfolio. On the seller's side, Blumenfeld Development Group achieved a successful sale of their property. The collaboration between the brokers Dustin Volz, Stephen Bailey, Adam Citron, Dom Espinosa, and Zach Riebe from Jones Lang LaSalle demonstrates their expertise in facilitating significant transactions in the Dallas market.