The properties are in the Inland Empire West market and have been fully leased for years.
Values are up between 53% and 70% for industrial properties in Dallas County.
The country's available industrial sublease space has roughly tripled in two years as users consolidate.
A joint venture between Vigavi and Principal Asset Management is building a 728K SF industrial project even as construction starts have dwindled.
The forecast is causing nerves and rapid readjustment in the industry, but investors are still doing deals, industrial leaders said during a Bisnow event.
Tenants are playing the wait-and-see game as economic and political questions loom.
“We're seeing a lot of companies are optimizing as it relates to predicting likely traffic from a distance perspective, where to best locate those sites.”
Smaller markets with a blank slate could be more attractive as development targets.
All but two of the 14 Texas properties in the deals are located in DFW. The other two are in Houston.
While investors still have cold feet about most asset types, the strength of industrial paired with stable interest rates has trades moving again.
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