Dallas, TX, Oct. 26, 2022 (GLOBE NEWSWIRE) — Nicola Wealth Real Estate (NWRE) has acquired 1473 Terre Colony Court, positioned 6 miles west of Downtown Dallas. The transaction, acquired by means of a partnership with CanTex Capital, was brokered by Robert Deptula of Transwestern and Cameron Deptula of Davidson & Bogel Real Estate LLC.
Totalling 78,350 sq. ft on a 3.43-acre web site, 1473 Terre Colony is a mid-bay industrial constructing that includes purposeful dock loading, clear heights of twenty-two’ft and a secured truck court docket. The constructing gives flexibility being presently improved to accommodate two tenancies with present workplace pods, and an in-fill location inside the established Turnpike submarket which options concentrated institutional possession.
“DFW is a high-priority growth market for NWRE,” states Matthew Schaeffers, Director of Acquisitions at Nicola Wealth Real Estate. “We are pleased to acquire such a functional asset in this coveted submarket.”
Schaeffers continues, “1473 Terre Colony offers excellent flexibility for a single tenant, or two tenant lease up with high utility building specs in an in-fill location. It is being acquired for our US income fund and will be held long term.”
NWRE is targeting rising in main US markets corresponding to Las Vegas, Phoenix, Denver, Dallas / Fort Worth, San Francisco, Minneapolis and Seattle with a give attention to buying income-producing properties and executing build-to-own improvement and value-add methods.
To be taught extra about the Nicola Wealth Real Estate funds, go to realestate.nicolawealth.com
- 1473 Terre Colony Court, Dallas
