By: Yahoo Finance Staff
Bixby Land Company, a Newport Beach, California-based investor, has acquired two industrial properties in Atlanta, Georgia, and one in Dallas, Texas, totaling 857,000 square feet. These recent acquisitions increase Bixby’s portfolio to more than 8 million square feet.
Georgia acquisitions include Graham Logistics Center in Fairburn and Royal 85 Business Center in Union City. Located at 7375 Graham Drive, the 281,000-square-foot, Graham Logistics Center was purchased vacant at shell completion. Located at 3625 Royal South Parkway, the 304,000-square-foot Royal 85 Business Center is 100% leased. The broker for both properties was CBRE Atlanta Vice Chairmen Chris Riley and Frank Fallon and First Vice President Trey Barry.
The Texas acquisition includes Parkway Logistics Center, located at 2911 South Great Southwest Parkway in Grand Prairie. This 272,000-square-foot, vacant property was purchased at shell completion. The property broker was JLL Senior Managing Director Adam Herrin and Director Stephen Bailey.
“These three properties highlight our continued focus on acquiring best-in-class assets in markets with strong demand drivers. Each property was thoughtfully designed to meet the heart of the market for tenant demand and will be great additions to Bixby’s portfolio,” said Matt Ela, Vice President of Acquisitions at Bixby Land Company.
Bixby will retain commercial real estate firm Stream Realty Partners for leasing the two vacant properties.