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Colliers International Arranges Sale of a 60,500 SF Flex Portfolio

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Six building flex complex in Burleson, Texas has sold

Colliers International announced the sale of Weatherby Business Park, a six-building flex complex in Burleson, Texas.  Cody Payne, Austin Edelmon and Michael Tran in Colliers International Dallas-Fort Worth offices had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was also secured by the team. Weatherby Business Park was a secure investment with a stabilized tenant base.

 

The asset is located at 4305 FM 1187 Burleson, Texas, nestled in the South-Central Tarrant County Industrial Submarket. Located on a heavily traversed corridor of Burleson (E Rendon Crowley Rd) offering excellent visibility and easy access to nearby highways in a high-growth area with excellent demographics. The surrounding area is a strong, growing submarket of Dallas-Fort Worth, with persistent growth and construction in the immediate vicinity.

 

“We were able to generate multiple competing offers on this highly desirable Flex Portfolio Investment due to the demand for industrial and flex business parks,” said Payne. “Investors from all over the country are trying to acquire this type of product in the Dallas-Fort Worth metroplex.”

At the time of closing, this project was 100 percent leased with below-market rents and showed incredible interest and activity through a global pandemic.  The buyers were from out of state, showing the high demand as investors seek areas where they can put their capital to work.

“Flex/Industrial properties have continued to lead the DFW market as office employees continue working from home. These assets provide stable lease terms providing long-term returns for investors,” said Payne.


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Cody Payne

Senior Vice President

Fort Worth

Cody Payne is Senior Vice President at Colliers International in Fort Worth, Texas and specializes in selling Office and Industrial investment properties in the Dallas/Fort Worth market. Over the past 12 years, Cody has closed more than 500 commercial real estate transactions. Combined with Colliers International Platform and Cody’s extensive knowledge and expertise of leasing, management, market conditions and business, The Payne Office & Industrial Team provides their clients and investors the opportunity to maximize value while creating a competitive advantage that yields the best results.

Prior to joining Colliers International, Cody worked at Marcus & Millichap and Sperry Van Ness/Dunn Commercial for over 10 years, where he specialized in Office and Industrial investment sales, management and leasing. While there, Cody had a very successful and prominent leasing team of highly experienced and transactional agents. Through Cody’s leadership and direction, the team grew the company’s portfolio to actively leasing over 40 buildings. Cody has extensive experience in the Office and Industrial leasing sector having worked with many major companies from Local/Regional to Fortune 500 companies and GSA leases.

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Austin Edelmon

Senior Associate

Fort Worth

Austin Edelmon is an Associate in the Capital Markets Group for Colliers International. He specializes in selling Office and Industrial investment properties in the Dallas Fort Worth area. Austin values building trust with his clients to provide exceptional services in the acquisition, reposition, and disposition of their assets throughout the North Texas region. 

Prior to joining Colliers Internantional, Austin worked at Marcus & Millichap where he focused on  Single Tenant Net Lease Investments before transitioning into Office and Industrial sales with the Texas Office and Industrial Group led by Cody Payne. Austin graduated from Texas Tech University where he obtained a Bachelor of Science degree in Agricultural and Applied Economics. 

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Michael Tran

Senior Associate

Fort Worth

Michael Tran is a Senior Associate in the Capital Markets Group for Colliers International Dallas-Fort Worth where he specializes in acquisitions and dispositions of Triple Net, Office, and Industrial real estate properties in Dallas-Fort Worth and all throughout Texas.    

Prior to joining Colliers International, Michael Tran leased over 50 real estate properties throughout Dallas-Fort Worth. His knowledge base in leasing and managing properties sets him apart from many agents by knowing and understanding what it takes to successfully operate and add true value to investment buildings. During his four years of leasing and managing, Michael generated over $94 million in real estate value for his clients in Texas. Michael and Team have closed over 850+ Investment transactions  making the team the most active office & industrial investment team in the DFW area. 

Michael Tran brings a unique skill set  having leased and managed office, industrial and retail real estate buildings for years prior to joining Colliers International. Michael specializes in office and industrial  real estate investments. He understands the complex nature of these assets and what it takes to lease and manage on a day-to-day basis providing his clients with practical experience, market leading information, and advisory services. Michael has been nominated as one of Dallas-Fort Worth top commercial brokers during his time in the industry.

Michael Tran has always been a very hard worker and competitive individual, playing competitive tennis. He graduated from University of North Texas with a degree in International Studies and a minor in Mandarin Chinese. 

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