DALLAS - February 7, 2017 -CBRE announces the sale of Mercantile Distribution Center 40 in Fort Worth, Texas. Austin-based Spraberry Interests, LLC purchased the asset for investment purposes from Fort Worth-based Mercantile Partners, LP for an undisclosed price.
The distribution center is located at 4201 North Beach Street, within one of Dallas/Fort Worth's premier business parks and less than one mile from Interstate 35 West. The 182,500-square-foot distribution center is 100 percent leased. KPS Global, an industry leader in construction and installation, is a major tenant.
CBRE National Partners represented the seller in the transaction.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.