Matthew Sullivan Of Beverly & Lucas Acquires Industrial Asset In Arlington For $8.75M

This industrial property is located at 2501 Avenue J in Arlington, featuring a sale price of $8,750,000. The total area of the asset is 84,469 square feet, resulting in a price per square foot of $103.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,750,000
• Buyer: Matthew Sullivan - Beverly & Lucas
• Seller: Laurie Knight & David Dunn - Oak Hollow Partners
• Buyer's Representative: Tommy Landry - Holiner Holdings
• Capital Markets Representatives: Robert Horton & Will Stebbins - Foss Real Estate Partners
• Loan Type: Bridge
• Loan Amount: $7,000,000
• Loan Terms: 70% LTC, 6.50% Fixed, Full Term I/O

Foss Real Estate Partners recently arranged financing for Oakhollow Business Park, indicating a strategic financial approach aligned with current tenant needs, particularly focusing on functional flex and industrial space. This repositioning effort reflects the evolving requirements in the Dallas-Fort Worth area.