BrokerageIndustrial

Black Creek Group Purchase Two Industrial Facilities

Denver-based Black Creek Group recently purchased two industrial properties out of state, one in Texas and the other in Indiana. JLL marketed both properties on behalf of their sellers.

Valwood Crossroads, a brand new, Class A, state-of-the-art, fully leased, two-building industrial park totaling 618,052 square feet in the Dallas-Fort Worth community of Carrollton, Texas. The seller was Core5 Industrial Partners, which developed the property in 2019. A sale price was not disclosed.

Valwood Crossroads features both cross-dock and rear-load buildings, clear heights ranging from 32 to 36 feet, 138 dock-high doors, six drive-in doors, deep truck courts, ESFR sprinkler systems and low office finish. Both buildings are fully leased to Smith System Manufacturing Company, a Texas-based furniture manufacturer that serves the K-12 school furniture market across the country.

“Investors found great value in the combination of e-commerce tenancy, market leading facility design and a vibrant Indianapolis industrial market,” Halaburt said.

Eaglepoint Six, courtesy of JLL.

Eaglepoint Six is a new, fully leased, Class A, 690,702-square-foot industrial facility in the Indianapolis community of Brownsburg, Indiana. JLL marketed the property on behalf of the seller, a partnership between Washington Capital Management on behalf of a client and Becknell Industrial.

Eaglepoint Six is home to Radial Inc., a leader in omnichannel commerce technology and operations, and serves as its largest facility in the U.S. Completed in 2019, the facility features 36-foot clear height, four drive-in doors, 52 dock-high doors (expandable to 134), ESFR sprinkler system, LED lighting and office space.

Black Creek Group is a leading real estate investment management firm that has bought or built over $21 billion of investments throughout its more than 25year history. The firm manages diverse investment offerings across the spectrum of commercial real estate – including office, industrial, retail and multifamily – providing a range of investment solutions for both institutional and wealth management channels.

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