Developer makes one of largest Brookhollow industrial deals in past three years
DALLAS, January 18, 2022 – CanTex Brookhollow acquisition largest in recent years
By Plamedie Ifasso, Staff Writer, Dallas Business Journal, January 18, 2022
Commercial real estate investment company CanTex Capital acquired two industrial buildings in one of the largest sales in the Brookhollow submarket in recent years.
The acquisition is one of the largest sales in the Brookhollow industrial submarket in the last three years and the Dallas-based firm’s largest deals in Brookhollow. The assets are located at2205-2255 E. Pioneer Drive and 600N. Wildwood Drive in the Brookhollow industrial submarket.
“We’re maintaining a bullish outlook on infill industrial properties in the Dallas-Fort Worth area, specifically those located along key logistics corridors and in low vacancy submarkets,” CanTex Capital CEO and principal Romit Cheema said in a statement. “We are seeing amazing demand and rental rate growth in the Brookhollow submarket and truly believe it is one of the best infill submarkets in the DFW metroplex.”
Both the buyer and seller were represented by NAI Robert Lynn vice president Chase Miller and executive vice president Robert Blankinship.
“DFW’s industrial market continues to thrive, and the lack of available space continues to make Brookhollow a desirable submarket,” said Miller in a statement. “This sale is identifiable as one of the largest transactions in Brookhollow in the last few years. We are pleased to partner with CanTex in identifying effective real estate solutions that reflect their current growth trajectory in the area.”
Cheema was a recent 40 Under 40 honoree. In the story, he said CanTex Capital has typically used a formula of acquiring and operating Class B industrial warehouses since it was formed approximately three years ago. But Cheema said success in 2020and 2020 has him thinking about opening that formula up more.
In 2021, CanTex Capital purchased over 55 buildings and 3 million square feet of industrial space. The company’s most recent acquisition was Sylvania Industrial Park in Fort Worth. The manufacturing campus is the largest crane-served and rail-served facility in North Texas.