A Middle Eastern investor has purchased more than a dozen Dallas-area industrial buildings.
The almost 1 million-square-foot warehouse and office property purchase includes buildings in Irving, Farmers Branch, Dallas and Garland.
The buildings were sold by Boston-based Taurus Global Real Estate to Investcorp, a Bahrain-based international company with more than $28 billion of assets under management.
The company invests $1.5 billion to $2 billion a year in real estate.
Investcorp officials in the company’s New York office and representatives at its headquarters did not respond to requests for details about the Dallas-area warehouse purchases.
Dallas-Fort Worth is one of the country’s top warehousing and distribution markets, with more than 20 million square feet of industrial space under construction.
In 2018, D-FW was the country’s second-largest market for industrial building purchases, behind only Chicago, according to a study by Avison Young.