PS Business Parks Inc. Acquires Industrial Property In Grapevine For $123M

PS Business Parks Inc., represented by Mac Chandler, has acquired an industrial property located at 751 Port America Place in Grapevine. The property, sold by Stockbridge Capital and represented by Mark Carlson, was purchased for a total price of $123,000,000. The industrial asset spans across 717,000 square feet, resulting in a price per square foot of $172.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $123,000,000
• Address: 751 Port America Place, Grapevine
• Market: Grapevine

Mac Chandler, representing PS Business Parks Inc., played a crucial role in the acquisition of the industrial property situated in Grapevine. Mark Carlson, on behalf of Stockbridge Capital, facilitated the sale of this significant asset. This transaction highlights the involvement of key individuals and companies in the industrial real estate market.