Oct
06
Hines, AEW Capital Sell Texas Industrial Park
ByHFF arranged the disposition of the 568,272-square-foot complex to Colony Capital.
One of the industrial buildings within Parc 114 Business Park, Irving, Texas
Irving, Texas—Parc 114 Business Park, a seven-building, Class A industrial park adjacent to Dallas-Fort Worth International Airport in Irving, Texas, has a new owner: Colony Capital, which purchased the property through its Colony Industrial Fund.
The purchase price was not released. HFF marketed the property on behalf of the seller. The 568,272-square-foot industrial business park was owned for nearly two years by a partnership between AEW Capital Management, on behalf of a separate account client, and Hines Interests…
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