SOLD
EastGroup Properties Inc Acquires Industrial Property In Grapevine For $89.7M
1160, 1200, 1250 Mustang Drive, & 1275 West 17th Street
Industrial
611,000 SF
611,000 SF
Sold 1 year ago
Summary
Sale
TEXAS
Industrial
611,000 sqft
EastGroup Properties Inc, represented by Marshall Loeb, has acquired the industrial asset located at 1160, 1200, 1250 Mustang Drive, and 1275 W. 17th St. in Grapevine. The property spans 611,000 square feet and was sold for a total of $89,700,000, resulting in a price per square foot of $147.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $89,700,000
- Square Footage: 611,000
- Price per Square Foot: $147
- Market: Grapevine
EastGroup Properties Inc, a real estate investment trust, made the purchase with Marshall Loeb acting as their representative. With this acquisition, EastGroup Properties expands its portfolio in the industrial sector.
Details
SOLD
IMAGE: Marshall Loeb
DATE: 08/30/2021
ADDRESS: 1160, 1200, 1250 Mustang Drive, & 1275 W. 17th St.
MARKET: Grapevine
ASSET TYPE: Industrial
BUYER: EastGroup Properties Inc - Marshall Loeb
SALE PRICE: $89,700,000
SF: 611,000 ~ PPSF: $147View on map
Loading...
Address1160, 1200, 1250 Mustang Drive, & 1275 West 17th Street
Comparables
Reset filters to show results.