Bixby Capital Management Grows with New Industrial Portfolio
Bixby Capital Management Acquires New Industrial Portfolio
Bixby Capital Management, a prominent private real estate investment firm, is pleased to unveil its recent acquisition of three advanced Class A industrial buildings located at 1420, 1204, and 1110 Military Parkway in a prime area. The acquisition signifies a substantial expansion into the competitive industrial market, adding an impressive 533,632 square feet to Bixby Capital’s diverse portfolio.
Strategic Location in a Thriving Market
Nestled on a sprawling 42.41-acre site, this portfolio enjoys a strategic advantage within the high-demand East Dallas submarket. The location offers direct access to significant freeways, including I-635, US-80, I-30, and I-20. This advantageous positioning provides seamless connectivity to the larger Dallas-Fort Worth (DFW) area, known for its vibrant population, robust labor market, and strong demand drivers.
Comments from Bixby Capital Management's Team
“We are thrilled to broaden our footprint in the DFW market with this acquisition,” stated Lexi Geiger, Director of Acquisitions at Bixby Capital Management. “The combination of constrained supply in the 100,000 to 150,000 square foot category, particularly in the heart of East Dallas, paired with strong tenant demand in this segment offers us a compelling investment opportunity. We view this acquisition as a perfect alignment with our mission of investing in high-quality, strategically located industrial assets in market-leading logistics hubs across the nation.”
Modern Features of the Newly Acquired Buildings
Completed in December 2023, these industrial buildings are outfitted with state-of-the-art design features to maximize usability. Some highlights include cross-dock and front-load designs, 32-foot clear heights, expansive truck courts ranging between 130 to 200 feet, and multiple points of ingress and egress for optimized flow and efficiency for tenants. Currently, the project boasts a leasing rate of 78%, with two tenants secured.
Enhancing Investor Value
This acquisition was made on behalf of Bixby Industrial Fund 1, and with this purchase, Bixby Capital Management fortifies its position in one of the most rapidly evolving industrial markets in the country. This strategic move helps the firm further deliver long-term value to its investors while showcasing its commitment to superior asset management.
Brokerage and Financing Team
The transaction was brokered by a skilled team at CBRE National Partners, including Randy Baird, Jonathan Bryan, Ryan Thorton, Nathan Wynne, Eliza Bachhuber, and Elliott Dow. Additionally, CBRE’s Scott Lewis and Matt Ballard arranged financing for Bixby Capital Management to support this transaction.
About Bixby Capital Management
Bixby Capital Management stands as a significant player in the commercial real estate market, serving as a leading owner, operator, and investment manager with more than $1.5 billion in managed assets. The company focuses on the development and investment of industrial, office, and research and development properties across the United States. For more than 125 years, Bixby Capital Management has been dedicated to enhancing value for its shareholders and investors, marking its strong presence in the industry.
Frequently Asked Questions
What recent acquisition did Bixby Capital Management make?
Bixby Capital Management recently acquired three Class A industrial buildings located on Military Parkway, expanding its significant holdings in the industrial real estate market.
What is the size of the newly acquired portfolio?
The new industrial portfolio consists of 533,632 square feet across three buildings.
Why is the location of this acquisition important?
The portfolio is strategically located near major freeways, providing excellent connectivity to the dynamic Dallas-Fort Worth market.
What are some features of the acquired industrial buildings?
The buildings feature modern design elements, such as 32-foot clear heights, expansive truck courts, and efficient access points for tenant operations.
How does this acquisition align with Bixby Capital Management's strategy?
This acquisition supports Bixby Capital's strategy of investing in high-quality, well-located assets in leading logistics markets, ensuring long-term value for investors.
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