Tuesday, July 12, 2011

HFF closes sale of Corporate Ridge in Dallas, TX




DALLAS, TX – HFF announced that it has closed the sale of Corporate Ridge (top left photo), a four-building, 478,000-square-foot industrial portfolio located just north of the Dallas Fort Worth International Airport in Dallas, Texas. 

HFF marketed the property on behalf of the seller, Champion.  Colony Realty Partners purchased Corporate Ridge for an undisclosed amount. 

Completed in 2007, Corporate Ridge is comprised of two warehouse buildings totaling 394,500 square feet and two industrial / flex buildings totaling 83,500 square feet.  Corporate Ridge is located at 1200 Lakeside Parkway within Lakeside Business Park close to State Highways 121 and 114.
  
 The HFF team representing the seller included senior managing director Randy Baird (middle right photo), managing director Jud Clements and associate director Robby Rieke.

Champion is a privately-owned firm employing a disciplined value-creation focus across a wide spectrum of commercial real estate investment opportunities, primarily in Texas within the office, industrial, and commercial land sectors.

Colony Realty Partners  is a privately held real estate investment company that acquires and manages commercial real estate properties on behalf of many of the world’s leading institutional investors, including pension funds, public corporations, endowments, sovereign wealth funds, and high net worth individuals.

Contacts:                     
Randy Baird, HFF Senior Managing Director, (214) 265-0880,  rbaird@hfflp.com 
Jud Clements, HFF Managing Director, (214) 265-0880, jclements@hfflp.com                   
 Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500,



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