Finial Group secures a Sale at 3857 Miller Park Drive in Garland, Texas
Garland, Texas. Finial Group is excited to announce another acquisition in 2022 within the Dallas/Fort Worth market on behalf of Faropoint Ventures, with the purchase of 3857 Miller Park Drive. 3857 Miller Park Drive is a single-tenant distribution facility located in the Garland Industrial submarket. The building is 59,028 square feet and was purchased from Azelis, who signed a long-term sale leaseback with the new owners. 3857 Miller Park Drive is highly functional for infill distribution users, offering great access to surrounding demand drivers, the nearby intermodal, and national thoroughfares. Finial Group’s Travis McEldowney and Jack Gaffney represented Faropoint in this off-market transaction.
Faropoint Ventures is a real estate investment firm with offices in New York, Atlanta, Memphis, Dallas, Chicago and Tel-Aviv focused on last-mile distribution facilities, among other industrial products. Founded in 2012, Faropoint is among the industrial owners in the U.S., and has continued to be one of the most active groups in the last-mile logistics and distribution space. Faropoint seeks to acquire off-market assets throughout the major Texas markets by utilizing proprietary data platforms and its local network.
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Finial Group is a full-service commercial real estate firm that provides service focused, turnkey solutions to their client’s commercial real estate needs. The Finial Group offers investment, development, leasing, asset management and construction management services all under one roof. The Finial Group’s team members are dedicated to building the most revered brand in commercial real estate and maintaining an unrivaled reputation for quality of service and ability to execute.
For more information, please visit www.finialgroup.com or contact the Finial Group by email at info@finialgroup.com or by phone at 713-422-2100.