CBRE announces sale of new, two-building industrial portfolio in Denton

CBRE has arranged the sale of Denton Point I & II, two warehouse and distribution facilities totaling 242,320 square feet in Denton, to San Diego-based Westcore for an undisclosed price.

Randy BairdJonathan BryanRyan ThorntonNathan Wynne and Eliza Bachhuber with CBRE National Partners arranged the transaction on behalf of the seller.

Denton Point I is a 112,320-square-foot facility located at 451 S. Western Blvd. with 3,744 square feet of office space and 28 dock doors. It is fully occupied by DHL Supply Chain. Denton Point II is a 130,000-square-foot facility located at 421 S. Western Blvd. with 6,581 square feet of office space and 32 dock doors. Lowe’s Home Centers occupies 78,000 square feet and Muenster Milling Company occupies 52,000 square feet in the building.

Both buildings were delivered in 2022 and feature institutional quality specifications, including concrete tilt-up construction, 32-foot clear heights, ESFR sprinkler systems, LED lighting, and heavy power. The rear-load facilities also feature 180-foot truck courts, as well as 38 trailer- and 125 auto-parking spaces each.

The property sits on an 18.59-acre site approximately 2.1 miles from the I-35E/I-35W interchange, providing tenants with direct trucking routes to both Dallas and Fort Worth’s CBDs.