{"id":1004759150,"date":"2025-05-23T01:11:18","date_gmt":"2025-05-23T09:11:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004759150"},"modified":"2025-05-23T01:11:20","modified_gmt":"2025-05-23T09:11:20","slug":"openpath-acquires-east-texas-industrial-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/openpath-acquires-east-texas-industrial-property\/","title":{"rendered":"OpenPath Acquires East Texas Industrial Property"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/2938-Brown-Road.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1201\" height=\"900\" data-attachment-id=\"1004759156\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/openpath-acquires-east-texas-industrial-property\/2938-brown-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/2938-Brown-Road.jpg\" data-orig-size=\"1201,900\" 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;&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;1&quot;}\" data-image-title=\"2938 Brown Road\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/2938-Brown-Road.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/2938-Brown-Road.jpg\" alt=\"Aerial view of the industrial building at 2938 Brown Road in Marshall, Texas\" class=\"wp-image-1004759156\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/2938-Brown-Road.jpg 1201w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/2938-Brown-Road.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/2938-Brown-Road.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/2938-Brown-Road.jpg?resize=1024,767 1024w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\" \/><\/a><figcaption class=\"wp-element-caption\">The industrial property at 2938 Brown Road has 72 loading docks and 300 parking spaces. <em>Image courtesy of OpenPath Industrial Partners<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>OpenPath Industrial Partners, a division of impact investment firm OpenPath Investments, has expanded its portfolio with the acquisition of 2938 Brown Road, a 528,750-square-foot, fully leased distribution center in Marshall, Texas. Minglewood Properties LTD previously owned the asset, according to CommercialEdge information.<\/p>\n\n\n\n<p>The Denver-based firm did not disclose the price it paid for the 39-acre property, but its officials noted it was acquired at a significant discount to replacement cost, giving OpenPath the opportunity of implementing a value-add strategy.<\/p>\n\n\n\n<p>OpenPath was also able to lease the building to a Fortune 500 company prior to closing. The company declined to identify the tenant.<\/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\/top-emerging-industrial-markets\/\">Top 10 Emerging Industrial Markets<\/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>Built in 2001, the Brown Road facility has 72 loading docks, up to 35-foot clear heights and backup power generators. It is fully wet sprinklered, has 7,000 square feet of office space including break rooms and a conference room, and 300 paved and lighted parking spaces. The site allows for flexible demising or expansion strategies.<\/p>\n\n\n\n<p>The property is located 1 mile from Interstate 20 and about 2 hours east of Dallas. The East Texas I-20 corridor is one of the most significant freight routes in the southern U.S., benefitting from growing e-commerce, light manufacturing and regional distribution activity. The asset is also minutes from U.S. Highway 80, U.S. Highway 59 and Route 42. <\/p>\n\n\n\n<p>\u201cWe were drawn to 2938 Brown Road because it checks every box for modern industrial functionality,\u201d Jason Lennartz, vice president of acquisitions at OpenPath Investments, told <em>Commercial Property Executive<\/em>. \u201cIt\u2019s a rare combination of scale, infrastructure and location that aligns perfectly with our strategy of acquiring logistics-oriented assets in high-demand transportation corridors.\u201d<\/p>\n\n\n\n<p>Holmes Davis, senior vice president and partner at Binswanger, was the broker for the property.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-growing-portfolio\">Growing portfolio<\/h2>\n\n\n\n<p>The Brown Road property is the eighth industrial acquisition by OpenPath Industrial. Late last year, the firm purchased Northern Louisiana Enterprise Center, an 820,743-square-foot industrial distribution park in Shreveport, La., for $26 million. The property is located on 137 acres at 9595 Mansfield Road, some 35 miles from the Marshall facility.<\/p>\n\n\n\n<p>Founded in 2005, OpenPath Investments specializes in the acquisition, renovation and management of industrial and multifamily assets. The firm has a portfolio of more than 25 properties across the U.S. that exceeds $1 billion in assets under management. OpenPath Industrial has more than 3.2 million square feet of space under management.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm added more than 500,000 square feet to its growing portfolio.  <\/p>\n","protected":false},"author":1068,"featured_media":1004759156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,51973],"tags":[33940],"class_list":["post-1004759150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-southwest","tag-binswanger"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OpenPath Acquires East Texas Industrial Property - Commercial Property Executive<\/title>\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\/openpath-acquires-east-texas-industrial-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OpenPath Acquires East Texas Industrial Property\" \/>\n<meta property=\"og:description\" content=\"The firm added more than 500,000 square feet to its growing portfolio.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/openpath-acquires-east-texas-industrial-property\/\" \/>\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=\"2025-05-23T09:11:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-23T09:11:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/2938-Brown-Road.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1201\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\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\/openpath-acquires-east-texas-industrial-property\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/openpath-acquires-east-texas-industrial-property\/\",\"name\":\"OpenPath Acquires East Texas Industrial Property - 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