1.65 million square foot Dallas, TX industrial portfolio available

DALLAS, TX – HFF announced today that it has been named to market for sale a portfolio of 15 shallow-bay distribution assets totaling 1.65 million square feet in several of Dallas’ infill submarkets on behalf of Cobalt Capital Partners.

The portfolio is expected to attract bids of about $78 million, or $47 per square foot.

  At that price, the initial annual yield would be roughly seven percent and given that most of the leases were negotiated during the market trough, the successful buyer will receive ample upside opportunities on future lease expirations.  Dallas-based Cobalt is offering the buildings as a package via HFF.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com

www.cobaltcapitalpartners.com.