Harbor Capital Buys Arlington, Texas, Industrial Property in Tight Submarket

Harbor Capital in Texas in Texas, Harbor Capital, recently announced the acquisition of a light industrial park near the highly desired Great Southwest submarket of Arlington, Texas.

The seller was industrial real estate platform Fort Capital, which is now part of the national vertically integrated real estate investment manager S2 Capital. Stream Realty’s Capital Markets team mediated sales and worked on behalf of the seller. In the meantime, S2 Industrial Property Management has been engaged to manage the property in the future.

Located on 923 W. Mayfield Road, the building comprises more than 190,000 square feet Arlington Flex Industrial space in four buildings. Originally completed around 1960, the real estate-nagesynchronized Shoreline Business Park-Out four shallow industrial buildings that were 100% rented out at the time of sale and home is from 15 different tenants.

Strategically positioned in one of the most supply-restricted industrial corridors in the Dallas-Fort Worth Metroplex, benefits of coastline for direct access to large motorways and easy connectivity with the roofs of the region, logistics infrastructure and labor base.

Shoreline Business Park is on a tight market and reportedly with a considerable discount on replacement costs, with possibilities in the long term, with which the capital is planning to use the best. In particular, after the acquisition, Harbor announced plans to implement a targeted strategy for capital improvement, to create selected ownership upgrades aimed at supporting tenant innovations and positioning the assets to conquer the rental growth of the market.

Harbour Capital, with headquarters in Austin, Texas, specializes in the acquisition and operation of industrial assets with a lot of conviction in large subways and trade courses in the state. With a strong focus on possibilities for added value in growth-oriented submarkets, the port investment strategy focuses on class A and B warehouse, production and industrial outdoor storage homes that offer compelling, risk-corrected returns.

Volgens ons meest recente rapport van de industriële markten, kijkt de Texas Triangle naar een nieuwe golf van industriële expansie, aangezien leveringspijplijnen in Dallas-Fort Worth en Houston op jaarbasis zijn verdubbeld: de verkoop van industriële onroerend goed tijdens de eerste zes maanden van het jaar is toegevoegd tot meer dan $ 1,6 miljard-het op één na grootste jaar tot datum in het hele land, net achter in het land, net achter het nationale Jersey.