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USAA Buys Industrial Properties in Texas and Georgia

by Realty News ReportSeptember 5, 2014
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SAN ANTONIO – USAA Real Estate Co. acquired a 1.5 million square foot warehouse portfolio with distribution buildings in Dallas and Atlanta areas.

The portfolio consists of two properties known respectively as I-85 Distribution Center, a 744,000 square foot warehouse located in Union City, Georgia within the South Atlanta submarket, and Dalport Trade Center, a 758,922 square foot warehouse located in Wilmer, Texas within the South Dallas submarket.

Dalport Trade Center is adjacent to Interstate 45 at Beltline Road within Dalport Industrial Park, Dalport Trade Center is also just 2.5 miles from the Union Pacific Intermodal and 6.5 miles from the FedEx Ground Hub. The building, developed in 2008 by First Industrial, is a, cross-docked facility which features 200’ deep truck courts, abundant trailer and auto parking.Steve Berger and Steve Koldyke of CBRE Dallas will coordinate the leasing of this fully vacant building.

The Atlanta property, developed in 2006 by Panattoni, is considered best-in-class for its modern features that include 32’ clear height, cross-docked 620’ building depth, ESFR fire suppression, 60’ deep speed bays, 185’ truck-court depth and ample trailer and auto parking. Sean Boswell and Scott Plomgren of Colliers Atlanta are coordinating the leasing, including the 517,000 square feet available in the building today.

Atlanta and Dallas are “two fundamentally strong and active markets,” said Len O’Donnell, president and CEO of USAA Real Estate.

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