Industrial Smith Acquires Luke Business Center

We represented Industrial Smith in the purchase of a 35,000 SF multi-tenant industrial park in Irving, TX. commonly known as the Luke Business Park. The acquisition represents their fourth acquisition in Texas and a deeper commitment to investing in the DFW marketplace. The property consists of 14 warehouse units of 2,500 SF with a reception, restrooms, 1-4 offices, a roll up door and the rest warehouse. The property was 85% leased at time of acquisition.

The property is managed by Emersons Property Management out of their Dallas office. Financing was provided by Independent Bank Coppell Branch.

For more information on investment property and future investment opportunities, feel free to reach out to me at jbsmith@lee-associates.com or 949-790-3151.

You can find current availability for the Luke Business Center here.