Cushman & Wakefield’s Jim Carpenter, Jud Clements, Robby Rieke and Emily Brandt represented ownership in its transaction with buyer Ackerman & Co.
Located near the intersection of Texas Highway 121 and Interstate 820, which has a traffic count estimated at 250,000 vehicles per day, Midway Business Park’s 12 buildings were developed between 1973 and 1990, with an average size of 21,571 square feet. The portfolio is 91 percent leased to 29 tenants.
“Midway Business Park is a highly functional, super well located, shallow-bay industrial portfolio with a diverse rent roll that provides the new ownership upside through consistent mark-to-market opportunities,” said Clements, Cushman & Wakefield Executive Managing Director. “The portfolio benefits from its central location, halfway between Dallas and Fort Worth, making the buildings easily accessible to a wide range of tenants and their respective trade areas. DFW’s central location, excellent infrastructure, population growth and business-friendly environment will continue to generate long-term demand for industrial space.”
About Cushman & Wakefield’s Industrial Advisory Group (IAG)
Cushman & Wakefield’s National Industrial Advisory Group (IAG) is a nationwide team of experienced industrial capital markets advisors and support specialists across the U.S. The IAG collaborates to offer seamless tailored advisory and transaction services, helping investors efficiently achieve their financial goals for individual industrial assets and large portfolios. With deep expertise across various industrial sectors—including logistics, warehousing, and manufacturing—the group provides a full spectrum of services, from investment sales and acquisitions to joint ventures, recapitalizations, and private placements. Learn more at www.cushmanwakefield.com/IAG.