Lee & Associates Brokers the Sale of Former Toys R Us Distribution Center
Addison, TX — August 16, 2018 —Lee & Associates Dallas/Fort Worth, one of the largest privately owned national real estate firms, has completed a new sale transaction for an 836,561 square foot industrial space located at 3800 Railport Parkway, Midlothian, TX.
When it was announced in March that all of the Toy R Us stores would be closing, this also meant that their distribution centers, including one located in Midlothian, TX, would be closing.
Reid Bassinger and Trey Fricke had been evaluating the Dallas/ Fort Worth market to find a modern building that could be purchased below market value. “The Dallas/Fort Worth industrial market continues to be within the top two markets in the country so it took the bankruptcy of Toys R Us to find a property that matched the value play we were looking for,” said Fricke.
Trey Fricke and Reid Bassinger of Lee & Associates Dallas/Fort Worth represented the buyer, MPI Group, a subsidy of Malouf Bedding, and the seller was Toys “R” Us, Inc.
Malouf produces a wide range of bedding accessories from pillows and sheets to mattress protectors and toppers. Founded in 2003 and based out of Logan, Utah, Malouf offers premium sleep solutions in a range of price points to thousands of stores across the U.S. This recent distribution center purchase will act as their south-central hub. Learn more at www.maloufsleep.com.
Reid Bassinger said, “This was an excellent opportunity to own a state-of-the art distribution center with 48’ clear height, rail access and abundant trailer parking.”
Lee & Associates Dallas/Fort Worth was established in 2006 and is focused on the vibrant and rapidly growing DFW Metroplex. We provide superior market intelligence to meet the specialized needs of our clients. Our dedicated team of professionals has a proven track record of providing strategic and creative problem-solving solutions. For the latest news from Lee & Associates, visit leedallas.com or follow us on Facebook or LinkedIn.
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