Forrest Jinks And Andy Eicher Of Altus Equity Group Acquire 160000 SF Industrial Property In Kennedale

The property asset involved in this transaction is a newly built small-bay industrial facility located at 7406 Mansfield Highway in Kennedale. The asset spans 160,000 square feet and encompasses 13.196 acres. It is currently 30% occupied and is valued with a 30% discount to replacement cost.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 7406 Mansfield Highway
• Market: Kennedale
• Square Footage: 160,000
• Acres: 13.196
• Buyer: Forrest Jinks & Andy Eicher - Altus Equity Group
• Broker: Cody Payne - Colliers

Forrest Jinks and Andy Eicher, representing Altus Equity Group, are the buyers of the property. The transaction was facilitated by Cody Payne from Colliers, highlighting the involvement of key professionals in the industrial real estate sector. The acquisition is part of Altus's strategic plan to lease up the property and drive value.