CBRE National Partners announced the sale of TCC Altamoore, a Class A+ industrial park located at 9280, 9186 and 9190 Van Horn Drive in Dallas. KKR purchased the 387,838-square-foot three-building asset from Trammell Crow Company for an undisclosed price. Randy Baird, Jonathan Bryan, Ryan Thornton and Eliza Bachhuber with CBRE National Partners arranged the transaction on behalf of the seller.
Built in 2021, Building 1 (298,168 square feet) and Building 2 (206,917 square feet) have both been fully leased by large, publicly traded companies. Building 3 (110,960 square feet) is still being marketed to prospective tenants. TCC Altamoore has close proximity to vital transportation arteries across the metroplex and is located less than two miles from I-20 and approximately four miles from I-35E and I-45.
According to CBRE’s Q1 2022 Industrial MarketView, there were 7.7 million square feet of new industrial product delivered in Q1, raising the overall vacancy rate to 4.8%. The construction pipeline set new records with the 57.3 million square feet of product under construction, which should alleviate tight vacancy rates across the metroplex.