In a recent move, the Boston-based institution, Rockport Group LLC, made a significant investment in the Dallas industrial scene. Demonstrating an incredibly astute strategy, the firm bagged over 1.2 million square feet of industrial buildings spread across strategic locations throughout the city. Notably, a substantial 600,000 square feet giant on French Settlement Road is now a part of their portfolio.
The valuable acquisitions come from their purchase of Douglewood Industrial’s versatile warehouses, a direct subsidiary of the well-known TPG Real Estate Partners. This significant deal has notably increased Rockport’s nationwide total portfolio, which incorporates assets in high-value regions such as Austin, Boston, New York, San Francisco, Southern California, South Florida, and Washington DC, driving their total value to an impressive $15 billion.
The implications of this deal could be substantial, and followers of commercial real estate, especially in the Texas region, should stay tuned for possible flow-on effects and opportunities. For the original article and further details, follow this [link](https://www.recenter.tamu.edu/news/newstalk-texas/?Item=30298).