{"id":1004743981,"date":"2025-01-23T02:37:27","date_gmt":"2025-01-23T10:37:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004743981"},"modified":"2025-01-23T03:03:34","modified_gmt":"2025-01-23T11:03:34","slug":"rosewood-pillar-jv-buys-dfw-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rosewood-pillar-jv-buys-dfw-industrial-asset\/","title":{"rendered":"Rosewood, Pillar JV Buys DFW Industrial Asset"},"content":{"rendered":"
\n
\"An<\/a>
Plano Commerce Center is a two-building industrial campus in Plano, Texas. Image courtesy of Rosewood Property Co.<\/em><\/figcaption><\/figure><\/div>\n\n\n

Rosewood Property Co., in a partnership with Pillar Commercial, has purchased Plano Commerce Center, a two-building industrial asset in Plano, Texas. The seller of the 200,765-square-foot Class A property was Provident Realty Advisors.<\/p>\n\n\n\n

MetLife Investment Management provided nearly $20.6 million in acquisition financing, according to Collin County public records.<\/p>\n\n\n\n

The properties are 71.1 percent leased to a mix of tenants, such as Senderra Specialty Pharmacy, Ulrich Medical USA, Cheer Athletics and Acre Security. Pillar Commercial is currently marketing the remaining 58,000 square feet for lease.<\/p>\n\n\n\n

Plano Commerce Center includes two one-story industrial facilities at 3700 and 3712 E. Plano Parkway. Built in 2022, the properties feature 24-foot clear heights, loading doors, dock-high doors, an ample truck court and 222 vehicle parking spots.<\/p>\n\n\n\n

The 22-acre property is within the Metroplex\u2019s East Plano submarket, close to U.S. Routes 75 and 190. Dallas-Fort Worth International Airport is 31 miles away, while Irving, Texas is 36 miles away. Fort Worth, Texas is within 54 miles of Plano Commerce Center.<\/p>\n\n\n\n

DFW led the U.S. in sales<\/h2>\n\n\n\n

Dallas-Fort Worth led the nation in year-to-date sales as of November, according to a recent CommercialEdge report<\/a>. The Metroplex recorded $4.2 billion in industrial investment volume<\/a>, with assets changing hands at an average price of $113 per square feet. The market had one of the lowest average sales prices in the country, clocking in below the national figure of $128 per square foot.<\/p>\n\n\n\n

In December, Longpoint Partners picked up Valley View Business Center <\/a>in Irving, Texas, from Brookfield Asset Management. The 414,871-square-foot distribution center within the Las Colinas submarket was fully occupied at the time of the deal.<\/p>\n\n\n\n

During the same month, Maryland-based WareSpace acquired a 241,004-square-foot industrial building <\/a>in Addison, Texas. The property is within Inbound on Inwood, an 1.1 million-square-foot redeveloped industrial campus owned by M2G Ventures and Pennybacker Capital.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The partners secured $20.6 million in acquisition financing.<\/p>\n","protected":false},"author":2991,"featured_media":1004743982,"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":[44078,44015,52197],"class_list":["post-1004743981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-industrial","category-investment","category-latest","category-southwest","tag-metlife-investment-management","tag-pillar-commercial","tag-rosewood-property-co"],"acf":[],"yoast_head":"\nRosewood, Pillar JV Buys DFW Industrial Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Rosewood Property Co. and Pillar Commercial purchased Plano Commerce Center, a two-building industrial property in Plano, 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\/rosewood-pillar-jv-buys-dfw-industrial-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rosewood, Pillar JV Buys DFW Industrial Asset\" \/>\n<meta property=\"og:description\" content=\"Rosewood Property Co. and Pillar Commercial purchased Plano Commerce Center, a two-building industrial property in Plano, Texas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rosewood-pillar-jv-buys-dfw-industrial-asset\/\" \/>\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=\"2025-01-23T10:37:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-23T11:03:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Picture1-e1737556360586.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"327\" \/>\n\t<meta property=\"og:image:height\" content=\"245\" \/>\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\/rosewood-pillar-jv-buys-dfw-industrial-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/rosewood-pillar-jv-buys-dfw-industrial-asset\/\",\"name\":\"Rosewood, Pillar JV Buys DFW Industrial Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rosewood-pillar-jv-buys-dfw-industrial-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rosewood-pillar-jv-buys-dfw-industrial-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Picture1-e1737556360586.jpg\",\"datePublished\":\"2025-01-23T10:37:27+00:00\",\"dateModified\":\"2025-01-23T11:03:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Rosewood Property Co. and Pillar Commercial purchased Plano Commerce Center, a two-building industrial property in Plano, Texas.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rosewood-pillar-jv-buys-dfw-industrial-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/rosewood-pillar-jv-buys-dfw-industrial-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rosewood-pillar-jv-buys-dfw-industrial-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Picture1-e1737556360586.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Picture1-e1737556360586.jpg\",\"width\":327,\"height\":245,\"caption\":\"Plano Commerce Center is a two-building industrial campus in Plano, Texas. 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