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Colliers announces the sale of a 24,924 square foot industrial warehouse in Farmers Branch, Texas

 

Colliers is pleased to announce the sale of 24,924 square feet located at 13840 Denton Drive in Farmers Branch, Texas. The buyer, Woodhill Investment Company, was represented by Jake Dreyer of KW Commercial. Jason Tangen and Barrett Gibson of Colliers represented the seller, H&B Development and Construction, in the transaction

Woodhill Investment Company purchased the property as a 100% net leased investment opportunity. The industrial warehouse is situated on ±2 acres, one block off I-35 with easy access to 635 and President George Bush Turnpike Toll Road. The building is fully leased by Corey Construction and features newly renovated office and warehouse space with high-end finishes throughout. 

The subject property is located in the N Stemmons/Valwood submarket which is located northwest of Dallas in Farmers Branch, TX. The submarket experiences healthy demand and is 96% occupied. The average asking rental rate is currently $6.85 per square foot.

 

13840 Denton Drive_JT_BG

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Jason Tangen | Colliers | Houston

Jason Tangen

Principal, Executive Vice President

Houston

+1 713 830 4006
+1 281 798 9480
Email

Jason focuses primarily on industrial real estate investment sales. This includes buyer representation, property disposition, build-to-suit evaluations, development, sale-leasebacks, design-build, and other investment oriented transactions. He has more than 10 years of experience within the investment services sector and represents clients ranging from small private funds and family offices to publically traded REITs and other institutional investors.

Prior to Colliers, Jason worked for a small boutique commercial real estate firm where he was responsible for the upstart of the investment sales division.

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Barrett Gibson | Colliers | Houston

Barrett Gibson

Principal & Director, Executive Vice President

Houston

+1 713 830 2114
+1 713 962 1976
Email

Mr. Gibson specializes in industrial tenant and buyer representation, property disposition, design/construct, build-to-suit evaluations, development and investment transactions.  He has more than 15 years of commercial real estate experience in the industrial and land sector and represents clients with a local presence as well as clients nationally and internationally.

In 2014, Barrett was a Colliers' Everest Award recipient. This award, created in 2011, is bestowed upon the top 10% of all Colliers professionals in brokerage, valuation and corporate solutions across the U.S. business based on revenue production.

Previously Barrett was a Senior Broker at NAI Houston for more than 10 years. In late 2011, he became Managing Principal at Cresa Houston when his firm, Houston-based Gibson & Granello Realty Partners LLC, merged with the local Cresa office.  

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