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Bixby Capital Expands DFW Presence with Acquisition of Mesquite Industrial Portfolio

Author

Slice of Real Estate Team
October 07, 2024

Key Highlights:

  • Acquisition of three Class A industrial buildings totaling 533,632 square feet in Mesquite, Texas.

  • Strategic location in the infill East Dallas submarket with connectivity to major highways.

  • Buildings feature state-of-the-art design, including cross-dock and front-load configurations, and expansive truck courts.

  • Portfolio 78% leased to two tenants, reflecting strong demand in the DFW industrial market.

Notable Quote:

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"We are pleased to expand our presence in the DFW market with this acquisition. The combination of limited supply in the 100,000 to 150,000 square foot size range, especially in infill East Dallas, and strong tenant demand in this segment presents an attractive opportunity for us.”

Lexi Geiger, Director of Acquisitions at Bixby Capital Management

Our Take:

This acquisition reinforces Bixby Capital Management’s strategy of targeting prime industrial assets in high-demand logistics markets. The Dallas-Fort Worth market, with its robust demand for industrial space and strategic geographic location, continues to attract institutional investors. With limited availability in the 100,000 to 150,000 square foot range and the rising need for modern industrial spaces, Bixby’s move into this area positions it well for long-term growth and success. This acquisition will not only bolster Bixby’s existing portfolio but also cater to the continued tenant demand in one of the country’s most dynamic industrial hubs.