admin / September 10, 2020
DALLAS, TX – The Allan Bailey Johnson, LLC (ABJ) acquired 4200 & 4304 Airport Freeway (Fort Worth, TX) 221 Bedford (Bedford, TX) and 3600 William D Tate (Grapevine, TX), totaling just under $8 million, on behalf of VMW Investments.
“This is one of the larger aggregated acquisitions done by our rapidly expanding Dallas office and it was imperative for our client that two of the acquisitions be completed in less than five months,” said John Bailey, President of the Allan Bailey Johnson, LLC. “We’re proud to successfully accomplish our client’s objectives despite record low inventory of available buildings for sale which translated to extremely high demand in the DFW area. 4200 & 4304 Airport Freeway are now 100% leased and the latest 20,000 sq. ft. acquisition of 3600 William D Tate, a class A medical office building, just closed and is fully occupied.
Michael Foreman with Peloton Commercial Real Estate Fort Worth office represented the seller for 221 Bedford Road and James Keoughan, Vice President of Briggs Freeman Sotheby’s International Realty represented the seller for 3600 William D Tate.
ABJ Properties a subsidiary of the Allan Bailey Johnson, LLC will perform all property management and leasing for the acquisitions.
“We truly value establishing long-term mutually beneficial relationships with our clients and strive to develop strategic solutions to make their leasing and acquisitions easier. We look forward to growing our acquisition portfolio,” said Mr. Bailey.