Nicola Wealth Real Estate expands DFW portfolio with acquisition of mid-bay industrial asset in Turnpike submarket
The 78,350 square foot building on a 3.43 acre site is located 6 miles west of downtown Dallas, immediately north of I-30
1473 Land Colony Court, Dallas
Dallas, TX, Oct. 26, 2022 (GLOBE NEWSWIRE) — Nicola Wealth Real Estate (NWRE) has acquired 1473 Terre Colony Court, located 6 miles west of downtown Dallas. The transaction, acquired through a partnership with CanTex Capital, was brokered by Robert Deptula of Transwestern and Cameron Deptula of Davidson & Bogel Real Estate LLC.
Totaling 78,350 square feet on a 3.43-acre site, 1473 Terre Colony is a mid-bay industrial building with a functional loading dock, 22-foot headroom, and trucking yard. secured. The building offers flexibility being upgraded to accommodate two tenancies with existing office modules and an infill location in the established Turnpike submarket which features concentrated institutional ownership.
“DFW is a high priority growth market for NWRE,” said Matthew Schaeffers, Director of Acquisitions at Nicola Wealth Real Estate. “We are delighted to acquire such a functional asset in this coveted submarket.”
Schaeffers continues, “1473 Terre Colony offers excellent flexibility for a single tenant or two rental tenants with high-utility building specifications in an infill location. It is acquired for our US income fund and will be held for the long term.
NWRE is focused on growth in key US markets such as Las Vegas, Phoenix, Denver, Dallas/Fort Worth, San Francisco, Minneapolis and Seattle, with an emphasis on acquiring income-generating properties and developing execution of custom development and added value. strategies.
To learn more about the Nicola Wealth Real Estate funds, visit real estate.nicolawealth.com
CONTACT: Nicole Thompson Nicola Wealth 604-335-1324 [email protected]