HFF closes sale of four-property industrial portfolio in North Dallas, TX

DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) has closed the sale of a four-property, 248,279-square-foot industrial portfolio in the north Dallas, Texas suburbs of Carrollton and Richardson.

HFF director Jud Clements (top right photo) and associate director Robby Rieke led the investment sales team on behalf of the seller, RREEF. A Dallas-based investment partnership purchased the portfolio free and clear of debt for an undisclosed amount.

“The Carrollton buildings (Venture Court and Trend Drive) benefit from their strategic location in North Dallas that is close to the Dallas North Tollway, Interstate 635 (I-635) and Interstate 35E (I-35E),” said Clements.

“The Industrial Drive buildings are centrally located in North Dallas allowing for easy access to North Central Expressway (US-75), President George Bush Turnpike (SH-190) and I-635.”

Individual property details are listed below:

Property Size (SF) Land Area
1101 Venture Court 46,310 SF 2.2 Acres
Carrollton, TX

1030 Trend Drive 61,998 SF 2.5 Acres
Carrollton, TX

400 Industrial Drive (South) 77,790 SF 3.8 Acres
Richardson, TX

400 Industrial Drive (North) 62,181 SF 3.0 Acres
Richardson, TX

RREEF Real Estate acquires and manages investments in commercial and residential property, and real estate securities on behalf of its institutional and private clients worldwide. Its product offering is global and comprehensive, including core, value-enhanced and high yield property investments as well as investments in publicly traded real estate securities.

RREEF Real Estate has more than $52.6 billion in assets under management worldwide as of September 30, 2008.

Contacts:

JUDSON M. CLEMENTS, HFF Director, (214) 265-0880, jclements@hfflp.com

KRISTEN M. MURPHY, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com