TradeLane Properties has acquired the impressive Southfield Park 35-Building 5, a state-of-the-art industrial facility spanning over 489,000 square feet in DeSoto, Texas. According to Commercialsearch.com, the company secured a $55 million loan from Nationwide to finance this purchase. The seller of this Class A property was Affinius Capital.
This building is part of a larger master-planned campus spread across 191 acres and developed through a joint venture between Affinius and Seefried Industrial Properties. This acquisition marks the first property delivered from this project with plans for future expansion that will add over 600,000 square feet under roof.
Featuring an impressive interior with high ceilings measuring at least 40 feet and spacious truck courts measuring up to185-feet deep along with column spacings of approximately52 by50-feet,this recently sold asset boasts117 dock doors for efficient operations. Additionally,the exterior offers ample parking space for trailerswith144 spots currently availableand potential expansion options adding up to another50 spots.
The seller formerly known as USAA Real Estate was represented by JLL’s Capital Markets Investment Sales and Advisory Team led by Trent Agnew.This latest development adds yet another feather in TradeLane’s cap as it continues its growth trajectory in the commercial real estate market.
