ARLINGTON, Texas – February 11, 2014 – (RealEstateRama) — Lee & Associates, the largest broker owned commercial real estate firm in the country, has negotiated the sale of a 227,120-square-foot industrial property at 1701 Timberlake Dr. in Arlington, Texas.
Mark Graybill, CCIM, Tom Walrich and Trey Fricke, SIOR, all principals with Lee & Associates’ Dallas-Fort Worth office, represented the seller, Prologis, in the transaction. Phillip Rosenfeld and Matt Thompson of Colliers International represented the buyer, GRM Information Management Services.
“With the great southwest industrial market achieving historic lows in terms of overall vacancy to date, the property was one of the few remaining large industrial buildings in the area available to purchase,” said Graybill. “This industrial facility promises to be a great asset for the buyer, as it offers numerous amenities, including a fenced and secured site, rail service and excellent trailer parking.”
Celebrating more than 34 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 49 locations across the nation including California, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas, and Wisconsin that house more than 750 brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.