TradeLane Properties Acquires Light Industrial Building in Dallas, Texas.
Dallas, TX – TradeLane Properties, a privately held industrial real estate company based in Oak Brook IL, announces the acquisition of 2050 Postal Way, a 82,250 square foot light industrial building situated on 3.78 acres in Dallas, Texas.
Purchased within the TradeLane Properties U.S. Industrial Fund II, L.P., a value-add investment fund focused on key Central U.S. logistics markets, this investment was 100% occupied at closing under a long term sale-leaseback.
This freestanding, light industrial building offers three interior docks, 18’ clear height, one drive in door, 1,200 amps of power, 123 auto stalls and a secured truck court with a half-acre paved outside storage yard.
The acquisition of 2050 Postal Way is consistent with TradeLane Properties’ strategy of investing in select major Central U.S. logistics markets with opportunity to add value through dedicated in-house capabilities including accounting, construction, and property management teams.
TradeLane Properties would like to thank Greenberg Traurig LLP for their assistance in this transaction.
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 focused on the Central U.S. markets of Chicago, Cincinnati, Columbus, Indianapolis, Louisville, Atlanta, and Dallas-Fort Worth. For more information, visit www.tradelaneproperties.com or call Kari Lavezzi at (630) 320-5501.