TradeLane Properties Expands to Dallas-Fort Worth with a Fully Leased Industrial Distribution Building Acquisition
North Richland Hills, TX – TradeLane Properties, a privately held Industrial Real Estate company based in Oak Brook IL, has successfully closed on a single tenant sale-leaseback in greater Dallas-Ft. Worth, Texas. 6550 Wuliger Way, North Richland Hills marks the first acquisition within the Dallas-Fort Worth market for TradeLane Properties U.S. Industrial Fund II, L.P., a value-add investment fund focused on key Central U.S. logistics markets.
This stand-alone 124,380 square foot industrial building is situated on 11 acres located under a mile from I-820 and I-35W, providing excellent access to the central Dallas-Fort Worth market. The facility is 100% leased to Southwest ADI, LLC and offers 14 dock high doors, one drive-in-door, 1,600 amps of power, two fully secured truck courts with excess land for additional trailer parking, 172 auto positions, 16’ clear height, and an ESFR sprinkler system.
The acquisition of 6550 Wuliger Way is consistent with TradeLane Properties’ strategy of investing in in-fill industrial assets in select major Central U.S. logistics markets with opportunity to add value through in-house capabilities inclusive of dedicated property management, construction, and accounting teams.
About TradeLane Properties
TradeLane Properties is a privately held Industrial real estate company committed to harnessing its founders’ expertise in acquiring, developing, redeveloping and operating industrial real estate facilities. Combining 75 years of experience, two publicly traded industrial REIT’s and decades of extensive value creation for shareholders, employees and customers, the TradeLane Properties founders have a proven track record of success. For more information, visit www.tradelaneproperties.com or call Kari Lavezzi at (630) 320-5501.