Bixby Capital Management Acquires Red River Business Park in High-Growth DFW Industrial Corridor
Delivered in December 2023, Red River Business Park is designed to meet the demands of modern logistics users. The property offers a rear-load configuration, 28' to 32' clear heights, ESFR sprinkler system, 64 dock-high doors, 6 drive-in doors, and truck courts ranging from 130' to 196'. The park also offers ample parking and is ideally suited for both single and multi-tenant configurations.
Situated with direct access to I-35 and SH-121, the asset provides regional connectivity and access to major U.S. distribution hubs, adding to its appeal to a wide range of industrial users.
Currently, Red River Business Park is 56% leased to three tenants, offering a strong in-place income stream with significant upside through remaining lease-up opportunities.
'Red River Business Park represents a best-in-class addition to our growing industrial portfolio,' said Lexi Geiger, Senior Director, Acquisitions at Bixby Capital Management. 'The combination of high-quality construction, strategic location, and existing tenancy with long-term lease commitments positions the asset for long-term value creation. We're excited about the flexibility the park provides for future leasing and our ability to meet evolving tenant demand in one of the strongest industrial markets in the country.'
This acquisition underscores Bixby Capital Management's continued commitment to expanding its industrial footprint in core logistics markets across the U.S.
Trent Agnew, Tom Weber and Pauli Kerr with JLL brokered this transaction.
Bixby Capital Management is a leading commercial real estate owner, operator, and investment manager with nearly $2.0 billion of assets under management. The company develops and invests in industrial, office, and R&D properties throughout the United States. For over 125 years, Bixby Capital Management has been committed to adding value for its shareholders and investors. To learn more, visit www.bixbyland.com.
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