Younger Partners
Windhaven Investments Inc. has acquired a 9.98-acre infill parcel at 3300 Farm-to-Market 157 in Euless, near Dallas-Fort Worth International Airport.
Windhaven plans to hold the land for investment, potentially repositioning it for future sale or attracting developers, according to a press release.
Terms of the deal were not disclosed.
Younger Partners Executive Managing Director John St. Clair and Associate Luke Nolan brokered the deal between the buyer and seller, Clubwise Finance LP.
The acreage, zoned light industrial, fronts Euless’ major north-south FM 157 route. The land’s proximity to DFW airport and access to Texas Highways 10 and 183 generated potential buyer interest, Younger Partners said.
“During the past decade, industrial developers have been focused on larger buildings of at least 200,000 square feet or more,” St. Clair said.
However, Nolan said, the land on FM 157 provides an excellent opportunity to develop smaller buildings that are in demand, thus attracting industrial tenants who don’t require large amounts of square footage.
“That was a big part of the appeal of this transaction,” Nolan added. “This is a great piece of real estate for smaller light-industrial buildings. The new owner won’t have a shortage of tenants or buyers.”
Dallas-based Younger Partners is a full-service commercial real estate firm providing investment, leasing, and management services to investors and tenants in the Dallas/Fort Worth region.