Bixby Capital Management has acquired a 533,632-square-foot industrial portfolio in Mesquite from Huntington Industrial Partners. The deal was brokered by CBRE and financing was secured on behalf of Bixby Capital by PCCP.
According to data from CommercialEdge, construction on the three-building campus began in December 2022 after Huntington secured a $35.5 million loan from Simmons Bank. One year later, the buildings were completed and at the time of its sale to Bixby, they were 78 percent leased to two tenants.
The industrial park features a cross-dock facility measuring 241,512 square feet and two front-load buildings measuring 117,260 and 174,860 square feet respectively. It is situated on a spacious 42.4-acre lot located at Military Parkway addresses:1420 ,1204 ,and1110 . It is conveniently located just two miles away from Interstate-635 and four miles away from U.S Route-80.
The CBRE team responsible for brokering this deal included Randy Baird,Jonthan Bryan,Ryan Thorton,and Nathan Wynne while Scott Lewis and Matt Ballard handled financing for Bixby through CBRE.
