GEO Plastics Acquires 69,363-Square-Foot Industrial Facility From Hopewell Development In Irving

The property involved in this transaction is a 69,363-square-foot industrial facility located at 7815 Jetstar Drive in Irving, part of the TriStar Business Park. The facility is strategically situated near the Dallas/Fort Worth International Airport and caters to major corporate logistics users, highlighting the ongoing demand for well-located industrial space in the DFW market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 7815 Jetstar Drive
• Market: Irving
• Asset Size: 69,363 square feet
• Buyer: GEO Plastics
• Seller: Hopewell Development
• Brokers: Chris Teesdale, Greg Cannon & Pride Snow - Colliers

Colliers represented both GEO Plastics and Hopewell Development in this transaction, facilitating the acquisition of the industrial facility. The involvement of these brokers underscores their role in negotiating and closing the deal, ensuring a smooth transition between the buyer and the seller.