fbpx

Philadelphia-based Arden Logistics Parks announced today the acquisition of the DFW Infill Portfolio, a 19-building industrial portfolio, according to a news release.

The 764,156-square-foot portfolio was sold by Dallas-based real estate firm MoxieBridge and acquired on behalf of Philadelphia-based Arden Group and Bahrain Bay-based bank Arcapita. The transaction was sourced through JLL (NYSE: JLL) in Dallas.

Located throughout 14 locations in the DFW market, including an Irving-Las Colinas location, the portfolio is currently 96% leased to 29 tenants.

“The DFW portfolio presented ALP with the ideal opportunity to continue accumulating mass in irreplaceable infill locations within top performing submarkets across the Dallas-Fort Worth market below replacement cost,” Craig A. Spencer, chairman & CEO of Arden Group and ALP, said in the release. “This is another exciting acquisition for ALP, and we’re pleased to expand our industrial footprint in the DFW Metroplex which is now approaching 2 million square feet of assets in the region.”

 
member of the week IHT

Featured Investor

Our mission is to build the Armstrong family of companies into the industry’s dominating global supplier of moving, relocation, and logistics services.

Learn More >>

icc 2018 video screenshot

Welcome Home to Irving, Texas

Watch The Video >>

Irving-Las Colinas Chamber of Commerce
5201 N. O'Connor Boulevard
Suite 100
Irving, TX 75039

214.217.8484 phone

Facebook circle white transparent Twitter circle white transparentLinkedIn circle white transparentInstagram circle white transparent

© Irving-Las Colinas Chamber of Commerce
All Rights Reserved. All Logos and Brands used under
license from their respective owners

logo accreditedlogo hiring heroesCOY Finalist wh

Telly Award Bronze 2019 40thCommunications Grand Award white
TTagLR Gen OrigOnWht