CBRE National Partners Announce Sale of Brand-New, Two-Building Industrial Portfolio in Denton, Texas

CBRE has arranged the sale of Denton Point I & II, two warehouse and distribution facilities totaling 242,320 sq. ft. in Denton, to San Diego-based Westcore for an undisclosed price.

Randy Baird, Jonathan Bryan, Ryan Thornton, Nathan Wynne and Eliza Bachhuber with CBRE National Partners arranged the transaction on behalf of the seller.

Denton Point I is a 112,320-sq.-ft. facility located at 451 S. Western Blvd. with 3,744 sq. ft. of office space and 28 dock doors. It is fully occupied by DHL Supply Chain. Denton Point II is a 130,000-sq.-ft. facility located at 421 S. Western Blvd. with 6,581 sq. ft. of office space and 32 dock doors. Lowe’s Home Centers occupies 78,000 sq. ft. and Muenster Milling Company occupies 52,000 sq. ft. in the building.

Both buildings were delivered in 2022 and feature institutional quality specifications, including concrete tilt-up construction, 32’ clear heights, ESFR sprinkler systems, LED lighting, and heavy power. The rear-load facilities also feature 180’ truck courts, as well as 38 trailer- and 125 auto-parking spaces each.

“Denton’s location at the convergence of I-35E/I-35W continues to drive high user demand. Westcore was able to acquire best in class product in one of the fastest growing submarkets in DFW,” said CBRE’s Jonathan Bryan. “The stabilized portfolio offers the buyer immediate in-place cash flow with the opportunity to capture increased NOI throughout its hold period.”

The property sits on an 18.59-acre site approximately 2.1 miles from the I-35E/I-35W interchange, providing tenants with direct trucking routes to both Dallas and Fort Worth’s central business districts.