{"id":1004737458,"date":"2024-11-15T05:22:56","date_gmt":"2024-11-15T13:22:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004737458"},"modified":"2024-11-15T07:00:01","modified_gmt":"2024-11-15T15:00:01","slug":"birtcher-belay-sell-dfw-light-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/birtcher-belay-sell-dfw-light-industrial-portfolio\/","title":{"rendered":"Birtcher, Belay Sell DFW Light Industrial Portfolio"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004737461\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/birtcher-dallas-light-industrial-portfolio-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Birtcher-Dallas-Light-Industrial-Portfolio-edited.jpg\" data-orig-size=\"1066,800\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Chrystal LeGrand&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Birtcher-Dallas-Light-Industrial-Portfolio\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Birtcher-Dallas-Light-Industrial-Portfolio-edited.jpg?w=1024\" height=\"768\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Birtcher-Dallas-Light-Industrial-Portfolio-edited.jpg\" alt=\"Aerial view of part of the Dallas light industrial portfolio.\" class=\"wp-image-1004737461\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Birtcher-Dallas-Light-Industrial-Portfolio-edited.jpg 1066w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Birtcher-Dallas-Light-Industrial-Portfolio-edited.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Birtcher-Dallas-Light-Industrial-Portfolio-edited.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Birtcher-Dallas-Light-Industrial-Portfolio-edited.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">The Dallas portfolio includes eight light industrial properties encompassing 18 buildings. <em>Image courtesy of Belay Investment Group<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Birtcher Anderson &amp; Davis and Belay Investment Group have sold a 439,916-square-foot, eight-property light industrial portfolio in the Dallas-Fort Worth metro. The buyer was Basis Industrial, which financed the purchase with a $138 million loan from Beach Point Capital Management, according to CommercialEdge information. <\/p>\n\n\n\n<p>Birthcher and Belay had acquired the properties in 2020 for $47.5 million. The seller at the time was the locally based Fort Capital.<\/p>\n\n\n\n<p>Bob Anderson, Birtcher Anderson &amp; Davis co-chairman, said in a statement that there is strong investor appetite for light industrial properties in North-Central Texas. The sellers tapped Newmark to take the assets to market.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-demand-slips-but-avoids-a-slump\/\">Industrial Demand Slips, But Avoids a Slump<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The portfolio includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Manana Business Park at 2526 Manana Drive in Dallas<\/li>\n\n\n\n<li>Garden Brook Industrial at 3109, 3113 and 3300 Garden Brook in Farmers Branch<\/li>\n\n\n\n<li>4101 Lindberg in Addison<\/li>\n\n\n\n<li>Luke Business Park at 1100-1220 Luke St. in Irving<\/li>\n\n\n\n<li>Hickory Business Park at 1665 Hickory Drive in Haltom City<\/li>\n\n\n\n<li>1115 and 1101 NE 23rd St. in Fort Worth<\/li>\n\n\n\n<li>Suffolk Industrial Park at 2901, 2905, 2921 and 2951 Suffolk Drive in Fort Worth.<\/li>\n<\/ul>\n\n\n\n<p>The assets were 87.7 percent leased at the time of sale to more than 85 tenants.<\/p>\n\n\n\n<p>Also this month, Birtcher and Belay sold the 78,000-square-foot, six building Pomona East Commerce Center in Pomona, Calif., to Arete Venture Partners. The industrial portfolio was 92 percent occupied at the time of closing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-light-industrial-assets-in-demand\">Light industrial assets in demand<\/h2>\n\n\n\n<p>Small bay industrial continues to attract strong demand from private capital and 1031 exchange investors,&nbsp;Mark Shaffer, CBRE senior vice president,&nbsp;said at the time of the Pomona East Commerce Center sale, which his company facilitated.<\/p>\n\n\n\n<p>In terms of returns, the <a href=\"https:\/\/www.commercialsearch.com\/news\/why-light-industrial-properties-will-continue-to-shine\/\">light industrial subsector<\/a> (assets of less than 200,000 square feet) demonstrates particular resilience, especially when compared with other property types, including larger industrial assets, according to new research study by BKM Capital Partners.<\/p>\n\n\n\n<p>Supply hasn&#8217;t kept up with demand. The development of new light industrial assets, particularly small-bay properties, has been held back by significant barriers to entry, Brian Malliet, BKM CEO &amp; CIO, told <em>Commercial Property Executive<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A $138 million loan from an international investment manager financed the purchase.<\/p>\n","protected":false},"author":1023,"featured_media":1004737461,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21748,21783,21742,51973],"tags":[52481,36407,50999],"class_list":["post-1004737458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-industrial","category-investment","category-latest","category-southwest","tag-basis-industrial","tag-belay-investment-group-llc","tag-newmark"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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