Amstar and Huntington Industrial Partners Acquire a 500,000 Square Foot Class “A” Property

May 06, 2013

Amstar a Denver-based real estate investment manager, on behalf of one of its public retirement system clients, announced today the acquisition of 1201 Big Town, a 508,500 sf Class “A” industrial property in Dallas, TX. Amstar partnered with Huntington Industrial Partners, a fully integrated industrial owner and operator, on the acquisition of the Property. The acquisition brings the Amstar and Huntington industrial portfolio to 2.2 million square feet across 14 properties throughout the Southeastern US and Texas. The investment is part of Amstar’s larger industrial strategy, which is focused on acquiring well-located, substantially leased properties that Amstar believes are undervalued, with the potential to provide high current income and attractive investment returns. Constructed in 2007, the Property is located at 1201 Big Town Boulevard within the East Dallas submarket of Mesquite, offering close proximity to Interstate-30 and Interstate-635. The Property is currently 100% leased to two strong national and global tenants.

“Amstar strategically acquired 1201 Big Town to further diversify the geographic concentration of the portfolio and to provide attractive current income that Amstar’s client desires. Further, the acquisition of 1201 Big Town provides Amstar and its client the opportunity to expand into one of the top distribution markets in the country,” said Amstar Senior Vice President Tricia Noble, who leads the firm’s industrial investment platform.

“The 1201 Big Town facility is a state-of-the-art, well located distribution facility. In addition to its proximity to major thoroughfares, it is also immediately adjacent to the Union Pacific intermodal facility, which is a key driver of logistics activity, said Huntington Industrial Partners President John W.Seiple Jr.