{"id":1004636700,"date":"2022-12-22T04:00:00","date_gmt":"2022-12-22T12:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004636700"},"modified":"2023-04-19T02:14:39","modified_gmt":"2023-04-19T10:14:39","slug":"cbre-investment-management-buys-dallas-area-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-investment-management-buys-dallas-area-industrial-park\/","title":{"rendered":"CBRE Investment Management Adds Dallas-Area Industrial Park"},"content":{"rendered":"
\"2555<\/a>

2555 Downing Drive. Image courtesy of JLL Capital Markets<\/p><\/div>\n

CBRE Investment Management<\/strong> has acquired a two-building, 540,324-square-foot Class A industrial park in Fort Worth, Texas. JLL Capital Markets<\/strong> represented the undisclosed seller.<\/p>\n

Westside 35 was recently completed and is fully leased to three tenants, Gulf Relay, Mattel Sales Corp., and Texas Corrugated Box and Packaging. The park comprises two front-load warehouses, both with 36-foot clear heights and 185-foot truck courts. Building A offers 59 dock-high doors, two oversized doors, 54 trailer parking spaces and 188 auto spaces. Building B features 50 dock-high doors, two oversized doors, 53 trailer parking spaces and 185 auto spaces.<\/p>\n

\n

READ ALSO<\/strong>: Industrial Subleasing Strategies<\/a><\/p>\n

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Located at 2555 and 2575 Downing Drive, Westside 35 is close to I-35 and I-820, 10 minutes from downtown Fort Worth, 18 minutes from Alliance Airport, 25 minutes from Dallas-Fort Worth Airport and 40 minutes from downtown Dallas.<\/p>\n

The JLL Capital Markets Industrial team representing the seller was led by Senior Managing Directors Dustin Volz and Stephen Bailey, Directors Dom Espinosa and Zach Riebe and analysts Matthew Barge and Jake Benalloul.<\/p>\n

Record activity<\/h2>\n

Demand for industrial product in Dallas\u2013Fort Worth remains near record high levels, as deliveries of 9.9 million square feet and total groundbreakings of 9.2 million square feet in the third quarter evidence nation-leading construction activity, according to a report from JLL<\/strong>.<\/p>\n

The North Fort Worth warehouse\/distribution submarket has seen 5.9 million square feet of net absorption year-to-date, on an inventory of 96.6 million square feet, resulting in an overall availability of 14.7 percent, also according to JLL.<\/p>\n

Not quite two weeks ago, Samsung signed a lease for all of a 670,941-square-foot building<\/a>, the first phase of VanTrust Real Estate\u2019s 41-acre Fort Worth Logistics Hub, at Risinger Road and I-35 West.<\/p>\n","protected":false},"excerpt":{"rendered":"

Westside 35 is fully leased to three tenants.<\/p>\n","protected":false},"author":882,"featured_media":1004636714,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21808,21748,21783,21742,51973],"tags":[51764,32796,44006],"class_list":["post-1004636700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-featured","category-industrial","category-investment","category-latest","category-southwest","tag-cbre-investment-management","tag-jll","tag-jll-capital-markets"],"acf":[],"yoast_head":"\nCBRE Investment Management Adds Dallas-Area Industrial Park - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"CBRE Investment Management has acquired Westside 35, a two-building, Class A industrial park in Fort Worth, Texas.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-investment-management-buys-dallas-area-industrial-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Investment Management Adds Dallas-Area Industrial Park\" \/>\n<meta property=\"og:description\" content=\"CBRE Investment Management has acquired Westside 35, a two-building, Class A industrial park in Fort Worth, Texas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-investment-management-buys-dallas-area-industrial-park\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-22T12:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-19T10:14:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/2555-Downing-Drive-Fort-Worth-Texas.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"802\" \/>\n\t<meta property=\"og:image:height\" content=\"610\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-investment-management-buys-dallas-area-industrial-park\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cbre-investment-management-buys-dallas-area-industrial-park\/\",\"name\":\"CBRE Investment Management Adds Dallas-Area Industrial Park - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-investment-management-buys-dallas-area-industrial-park\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-investment-management-buys-dallas-area-industrial-park\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/2555-Downing-Drive-Fort-Worth-Texas.jpg\",\"datePublished\":\"2022-12-22T12:00:00+00:00\",\"dateModified\":\"2023-04-19T10:14:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"CBRE Investment Management has acquired Westside 35, a two-building, Class A industrial park in Fort Worth, Texas.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-investment-management-buys-dallas-area-industrial-park\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/cbre-investment-management-buys-dallas-area-industrial-park\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-investment-management-buys-dallas-area-industrial-park\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/2555-Downing-Drive-Fort-Worth-Texas.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/2555-Downing-Drive-Fort-Worth-Texas.jpg\",\"width\":802,\"height\":610,\"caption\":\"2555 Downing Drive. 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