New York investor grabs DeSoto industrial complex
- Written by Steve Brown Steve Brown
- Published: 14 December 2020 14 December 2020
DeSoto, TX - Royal Oak Realty Trust of New York has bought the DW Distribution Inc. campus on Centre Park Boulevard in DeSoto. The 476,341-square-foot industrial facility is leased long-term to building products firm DW Distribution. The property includes warehouse and distribution space, storage and offices.
Royal Oak Realty Trust bought the industrial complex from Illinois-based Brennan Investment Group, which had owned the property since 2017.
Office and warehouse center is home to millwork firm.
DW Distribution, a family owned millwork and building products company in business since 1955, has more than a 10-year lease on the property.
The DeSoto facility serves customers in Texas, Oklahoma, Arkansas, Louisiana and New Mexico.
Terms of the sale were not disclosed.
New owner Royal Oak Realty is a real estate investment trust that owns commercial real estate in more than a dozen states. In Texas, the Rochester-based company also has an office property in New Braunfels.
Dallas-Fort Worth is one of the county’s hottest warehouse markets, with more than 25 million square feet of buildings under construction.
Source: Dallas Morning News
The almost half million square-foot industrial complex houses operations for DW Distribution.(Newmark)