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.