CBRE Selected To Exclusively Market The Texas Core Industrial Portfolio
CBRE has been exclusively retained by Stockbridge Capital Group to market the Texas Core Industrial Portfolio, consisting of approximately 2.4 million square feet.
Located in Dallas/Fort Worth and Houston markets, the Texas Core Industrial Portfolio presents an exceptional opportunity to acquire a critical mass of core, quality industrial buildings within two, Tier 1 industrial markets in the fastest growing state in the country. The Portfolio’s strategic locations boast considerably high barriers to entry, strong rental rate growth, and solid population growth.
In addition to the prime locations, the 93% occupied portfolio consists of 23 buildings, totaling up to 2,438,624 square feet and provides a truly diverse tenant base which consists of 57 in-place tenants ranging from 3,990 to 380,200 square feet (averaging 32,406 square feet in Dallas and 42,784 square feet in Houston). Along with the diverse tenant base, there is significant potential for rental rate growth as the Dallas and Houston industrial markets continue to improve from recessionary lows.
The Dallas/Fort Worth buildings represent a diverse mix of assets located in Great Southwest Arlington, Plano and Allen. The Houston portfolio is a cluster of 12 buildings grouped together in the Northwest submarket.
Jack Fraker, Josh McArtor, Jonathan Bryan and Heather McClain Venegoni of CBRE will market the Texas Core Industrial Portfolio along with the National Partners Team, local market experts in each location, and Scott Lewis with CBRE’s Debt & Equity Finance.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.