{"id":1004740323,"date":"2024-12-11T07:13:17","date_gmt":"2024-12-11T15:13:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004740323"},"modified":"2024-12-15T23:21:54","modified_gmt":"2024-12-16T07:21:54","slug":"longpoint-picks-up-415ksf-distribution-center-in-dfw","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/longpoint-picks-up-415ksf-distribution-center-in-dfw\/","title":{"rendered":"Longpoint Picks Up 415 KSF Distribution Center in DFW"},"content":{"rendered":"
\n
\"Exterior<\/a>
Valley View Business Center consists of a one-story industrial facility that came online in 2009. Image courtesy of Cushman & Wakefield<\/em><\/figcaption><\/figure><\/div>\n\n\n

Longpoint Partners has acquired Valley View Business Center, a 414,871-square-foot industrial building in Irving, Texas, within the Las Colinas submarket of Dallas-Fort Worth. <\/p>\n\n\n\n

Cushman & Wakefield worked on behalf of the seller, Brookfield Asset Management. The property is fully leased to ASC Engineered Solutions and OMEGA Environmental Technologies.<\/p>\n\n\n\n

Valley View Business Center is a Class A facility at 1401 Valley View Lane. The property came online in 2009 and includes cross-dock configuration, 30-foot clear heights, loading doors, dock levelers and bumpers, ESFR sprinkler systems, an office build-out component, an ample truck court and 188 vehicle parking spots.<\/p>\n\n\n\n

The asset is on a 21-acre lot, allows easy access to Interstate 30 and is close to Dallas-Fort Worth International Airport. Additionally, Dallas is 16 miles away, Fort Worth is 21 miles southwest and Fort Worth Meacham International Airport is 22 from the property.<\/p>\n\n\n\n

Vice Chairman Jim Carpenter, Executive Managing Director Jud Clements, Executive Director Robby Rieke and Associate Trevor Berry with Cushman & Wakefield negotiated on behalf of Brookfield Asset Management.<\/p>\n\n\n\n

DFW leads in sales<\/h2>\n\n\n\n

The nation’s total industrial transaction volume during the first three quarters of 2024 decreased by $1.1 billion, when compared to the same period last year, according to the latest CommercialEdge report<\/a>. Oppositely, the Dallas-Fort Worth market’s deal volume went up by $1.1 billion through this periods, in comparison with 2023 data.<\/p>\n\n\n\n

Year-to-date through October, Dallas-Fort Worth has maintained its position as the U.S. market with the highest sales volume. Industrial deals in the Metroplex totaled $3.8 billion, with properties trading at an average price of $113 per square foot, below the national average of $129 per square foot.<\/p>\n\n\n\n

Recent deals in the metro include Bixby Capital Management’s acquisition of a 533,632-square-foot industrial complex in Mesquite<\/a>, Texas. The three-building property changed hands from Huntington Industrial Partners in October.<\/p>\n\n\n\n

Last month, Basis Industrial purchased an eight-property<\/a> light industrial portfolio in the Metroplex from Birtcher Anderson & Davis and Belay Investment Group. The buyer secured $138 million in acquisition funding from Beach Point Capital Management.<\/p>\n","protected":false},"excerpt":{"rendered":"

Two tenants fully occupy the Class A industrial building.<\/p>\n","protected":false},"author":2991,"featured_media":1004740326,"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":[33496,34908,51923],"class_list":["post-1004740323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-industrial","category-investment","category-latest","category-southwest","tag-brookfield-asset-management","tag-cushman-wakefeld","tag-longpoint"],"acf":[],"yoast_head":"\nLongpoint Picks Up 415 KSF Distribution Center in DFW - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Longpoint Partners has acquired Valley View Business Center, a 414,871-square-foot industrial building in Irving, 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\/longpoint-picks-up-415ksf-distribution-center-in-dfw\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Longpoint Picks Up 415 KSF Distribution Center in DFW\" \/>\n<meta property=\"og:description\" content=\"Longpoint Partners has acquired Valley View Business Center, a 414,871-square-foot industrial building in Irving, Texas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/longpoint-picks-up-415ksf-distribution-center-in-dfw\/\" \/>\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=\"2024-12-11T15:13:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-16T07:21:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Valley-View-Business-Center-Main-e1733912216133.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1094\" \/>\n\t<meta property=\"og:image:height\" content=\"820\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\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\/longpoint-picks-up-415ksf-distribution-center-in-dfw\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/longpoint-picks-up-415ksf-distribution-center-in-dfw\/\",\"name\":\"Longpoint Picks Up 415 KSF Distribution Center in DFW - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/longpoint-picks-up-415ksf-distribution-center-in-dfw\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/longpoint-picks-up-415ksf-distribution-center-in-dfw\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Valley-View-Business-Center-Main-e1733912216133.jpg\",\"datePublished\":\"2024-12-11T15:13:17+00:00\",\"dateModified\":\"2024-12-16T07:21:54+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Longpoint Partners has acquired Valley View Business Center, a 414,871-square-foot industrial building in Irving, Texas.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/longpoint-picks-up-415ksf-distribution-center-in-dfw\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/longpoint-picks-up-415ksf-distribution-center-in-dfw\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/longpoint-picks-up-415ksf-distribution-center-in-dfw\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Valley-View-Business-Center-Main-e1733912216133.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Valley-View-Business-Center-Main-e1733912216133.jpg\",\"width\":1094,\"height\":820,\"caption\":\"Exterior shot of Valley View Business Center in Irving, Texas. 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