CBRE Investment Management Acquires 480614 Square Foot Industrial Property In McKinney From Transwestern Development Co

An industrial property consisting of 480,614 square feet located at 801 Harry McKillop Boulevard in McKinney, Texas, part of the McKinney National Business Park, was sold. The asset was previously owned by Transwestern Development Co. and has now been acquired by CBRE Investment Management.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Undisclosed
• Address: 801 Harry McKillop Boulevard
• Market: McKinney
• Asset Size: 480,614 SF
• Buyer: CBRE Investment Management
• Seller: Transwestern Development Co.
• Brokers: Caroline Wilson, Dom Espinosa, Dustin Volz, Jack Fraker, Stephen Bailey & Zach Riebe - Newmark

Newmark facilitated the transaction involving the selling and buying parties, highlighting the roles of Caroline Wilson, Dom Espinosa, Dustin Volz, Jack Fraker, Stephen Bailey, and Zach Riebe as the brokers representing the deal.