Leading national real estate investment, development, and operating firm Triten Real Estate Partners continues its nationwide expansion of traditional industrial and industrial outdoor storage (IOS) properties with the off-market acquisition of 11300 Kline Drive located in Dallas’ South Stemmons submarket.
The 7.27-acre site is positioned to appeal to a wide breadth of users given the 27,500-square-foot metal warehouse and maintenance facility, excess parking and storage outside of the building’s footprint with 16 overhead doors on the building itself, six of which are maintenance bays. Purchased from an individual seller, the site has historically been occupied by construction-oriented businesses.
Integrated Roadway Services, a privately held construction service company specializing in transportation-related projects, will join three additional tenants at 11300 Kline Drive, leaving the property 100% leased at closing. Tenants will benefit from being in the heart of an infill market, with easy access to I-35E & I-635 and proximity to DFW Airport.
“Functional, low coverage sites in the South Stemmons submarket are challenging to replicate evidenced by the antiquated existing product and lack of available supply,” said David Shipman, Principal at Triten Real Estate Partners. “We are pleased to have secured this highly functional property off-market, strengthening our position in a challenging yet highly sought-after industrial market.”
Since 2021, Triten has acquired 42 traditional industrial and IOS properties in Texas totaling more than 475 acres. Most recently, Triten has continued its national expansion with acquisitions in Philadelphia, Baltimore, Savannah and Irvine. Triten's total portfolio stretches across 11 tier-one markets in the U.S. with over 50 sites in the company’s IOS portfolio. For more information on Triten's Industrial Outdoor Storage initiatives and portfolio, visit www.tritenre.com.