Windhaven Investments Inc. has acquired a 9.98-acre parcel of industrial property at 3300 FM 157 in Euless. Younger Partners Executive Managing Director John St. Clair and Associate Luke Nolan brokered the deal between the buyer and seller, Clubwise Finance LP.
The sale price was not disclosed.
Zoned light industrial, the acreage 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 but Boston-based “Windhaven had the confidence in the tract to close it,” St. Clair said.
Windhaven plans to hold the land for investment, potentially repositioning it for future sale or attracting developers, Younger Partners said in a news release.
“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.”
About Younger Partners
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. The company also specializes in the acquisition and disposition of land, multifamily, office, industrial, and retail properties. Younger Partners Investments (YPI) is a Younger Partners platform designed to acquire retail properties. Launched in July 2020, YPI targets retail properties from lifestyle to neighborhood centers throughout the DFW area. Younger Partners and YPI are also affiliated with the newly formed Apricus Realty Capital. More information can be found on the Younger Partners website.
