CHICAGO, IL – December 14, 2020 – STREAM Capital Partners, LLC, a national net lease and sale-leaseback advisory group, arranged the sale of a property under a long-term lease to Gamma Aerospace, a key supply chain partner to many leading original equipment manufacturers.
The 126,189 square foot building is located in Mansfield, Texas, a suburb of Dallas and Ft. Worth. The property sold to a private group at a record high price per square foot for the submarket. Jeff Lizzo and Daniel Macks of STREAM Capital Partners represented the seller and buyer in the transaction.
Macks said of the transaction, “The industrial market in Texas is extremely strong, particularly in the Dallas-Ft. Worth market, where more and more companies are looking to locate. This is a long-term positive for the market and for Dallas-Ft. Worth in general.”
Lizzo added, “This was an attractive deal for the buyer because they get a long-term absolute triple net lease with a quality credit tenant. Likewise, the seller was able to monetize this asset at an attractive valuation to pursue other investment opportunities. It was a great deal for buyer and seller.”