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Here are the Biggest Industrial Sales in Dallas-Fort Worth in 2023

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Here are the Biggest Industrial Sales in Dallas-Fort Worth in 2023


Dallas is churning out warehouses like never before. 

In fact, the Metroplex surpassed one billion square feet of industrial space, according to Colliers. Chicago is the only other market to reach that milestone. 

The largest industrial sale of 2023 was in West Dallas, where financial services company R2C SA picked up four buildings that are part of Turnpike Industrial Distribution Center. 

Here are the biggest industrial sales of 2023, according to data compiled by Newmark. 

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R2C SA’s West Dallas acquisition

The August transaction totaled 1.4 million square feet. While the price was not disclosed, the buildings were valued at more than $67 million in 2023, according to the Dallas Central Appraisal District. They are located at: 2271 and 2322 French Settlement Road, 3950 Bastille Road and 4040 Pipestone Road. The center is in West Dallas, just off of Interstate 30, which connects Dallas to Fort Worth. 

Gleich Properties picks up DalParc building

Building 1 of DalParc Logistics Center got a new owner in May: San Diego-based Gleich Properties. The 920,000-square-foot building sits on 47 acres in southern Dallas County, near Lancaster. The property is adjacent to an Amazon warehouse and a L’Oreal warehouse. Building 1 was constructed in 2016 and is located at 3350 Altamoore Drive. The price was not disclosed, but the property was valued at over $56 million in 2023, according to DCAD. 

Knight-Swift nabs Forney Logistics Center

The eastern Dallas suburb of Forney is becoming an industrial hub. It’s already home to facilities for Amazon, Goodyear and Walmart. In January, the 904,000-square-foot Forney Logistics Center was delivered. In June, it sold to Knight-Swift, the fifth-largest publicly traded trucking company. The property, which is located at 11333 County Road 212, was fully leased when it was sold, and the sale was brokered by Newmark. The price was not disclosed. 

Cabot Properties buys Garland portfolio

The GSW portfolio, which included two buildings, traded hands in June. The price was not disclosed. One building, at 975 West Oakdale Road in Garland, spans 221,000 square feet and sits on almost 13 acres. It was built in 2022, and in 2023, it was valued at $15.5 million, according to DCAD. The building at 1113 West Oakdale Road spans 576,000 square feet and was built in 2020. In 2023, the building was valued at a little under $37 million, according to DCAD. 

Link Logistics scoops I-30 Distribution Center 

The I-30 Distribution Center sold in October to Link Logistics, the largest U.S.-only owner and operator of last-mile industrial real estate. The two-building property spans 750,000 square feet at 3901 and 4001 Adler Road in Dallas. Its tenants include Geodis and FedEx. The sale price was not disclosed, but the property was valued at $44 million in 2023, according to DCAD. The deal was brokered by Newmark. 

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TA Realty offloads Garland portfolio

Chicago-based Link Logistics was the buyer, and an entity tied to Boston-based TA Realty was the seller, according to property records. This two-building portfolio sold in July. One building, at 1601 South Shiloh Road, spans nearly 132,000 square feet and was built in 2019. In 2023, it was valued at over $8 million, according to DCAD. The other building, at 1801 South Shiloh Road, spans 117,000 square feet and was also built in 2019. DCAD valued it at over $9 million. 

Taurus Investments buys Carrollton and Irving properties

Taurus Investment Holdings added six properties – totalling almost 600,000 square feet – to its industrial holdings. One of the buildings, at 2425 Camp Ave in Carrollton, was built in 1979 and spans 120,000 square feet. DCAD valued it at under $5 million last year. Another building, at 1400 Hutton Drive, spans 42,000 square feet and was valued at over $2 million in 2023. At 1410 Dunn Drive, there is a 47,000-square-foot building, valued at over $2 million in 2023. The 119,000-square-foot building at 2301 Crown Court was built in 1975 and renovated in 1999. It was valued at almost $6 million in 2023. Taurus also bought buildings located at 2700 and 2800 Story Road West in Irving. 2700 Story Road is a 22-year-old warehouse that spans 179,000 square feet. It was valued at over $14 million in 2023. 

MDH Partners snaps up Fort Worth logistics building

Atlanta-based MDH paid almost $68 million for Building I, at 9450 Burleson Cardinal Road, in the Fort Worth Logistics Hub. The 670,000-square-foot building sits on 39 acres, and the price was about $100 per square foot. VanTrust Real Estate developed the complex, which was delivered in 2022. It is fully leased by Samsung SDS, which provides logistics services to the Samsung Group. 

KKR’s $560M industrial divestment includes three DFW assets

In September, global investment firm KKR sold off its 5 million-square-foot industrial portfolio, including three DFW properties: Edmonds 121 in Lewisville; Valwood Trade Center in Carrollton; and Richardson 3110-3120. Edmonds 121 is a 50,000-square-foot building located at 2701 South State Highway 121. Valwood Trade Center consists of two buildings, each measuring 70,000 square feet, located at 1550 Capital Drive and 1545 Crescent Drive. Richardson Logistics Center is a 175,000-square-foot, two-building property located at 3100 and 3110 Shiloh Road. The buyers weren’t identified. 

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Wilonsky: Famous Dallas architect’s motel is now an ‘infamous criminal hub’ on Harry Hines

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Wilonsky: Famous Dallas architect’s motel is now an ‘infamous criminal hub’ on Harry Hines


It’s been a minute since someone called me “fake news.” Forgot how hilarious it sounds when it’s said seriously.

It happened early Tuesday afternoon at the Cole Manor Motel on Harry Hines Boulevard, where I’d gone to check out a joint that city attorneys allege has long been “a storefront for prostitution, drug use, and the sale and manufacturing of illicit drugs.” A Dallas police car was pulling out as I was turning in.

Just inside the shabby, square-shaped motor court whose swimming pool was long ago filled in, a half-masked security guard who appeared to be wearing a bulletproof vest helped a woman roll a new mattress into a dark room. He directed me to the front office, where a young woman stood behind thick, murky glass that made her look out of focus.

I asked who the owner was. She said she didn’t know. There were notes taped to the glass: “NO ID, No Room.” “Toilet Tissue Roll $1.00.”

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As I was pulling into Cole Manor on Tuesday afternoon, a Dallas police car was exiting. A...

As I was pulling into Cole Manor on Tuesday afternoon, a Dallas police car was exiting. A DPD spokesperson said it was for a “routine investigation” but offered no further specifics about the visit.

Robert Wilonsky

The security guard went to get another woman, who acted like she was in charge. I asked about the city’s lawsuit, filed in April, which calls Cole Manor an “infamous crime hub.” I mentioned the court order signed last month that requires the motel’s operator to pay the city nearly $1 million in civil penalties and demands the motel be secured by Dec. 21 with, among dozens of other things, a vehicle access gate and a license plate reader.

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“Fake news,” the woman snapped before locking herself behind the bulletproof glass. I offered to go to the car to get legal docs.

“I don’t want to disclose any information about that,” she said. At which point, the guard suggested that maybe this interview was over.

I hadn’t visited the motel since Christmas Eve 2018, when it made Preservation Dallas’ list of this city’s most-endangered historic buildings — given its age (it opened in 1946 as El Sombrero Motor Courts), architect (the revered Charles Dilbeck) and proximity to an ever-expanding Medical District devouring surrounding properties. Dilbeck, responsible for hundreds of whimsical residences from Oak Cliff to Preston Hollow, revolutionized the look, feel and function of the post-war motor lodge, best evidenced by his most beloved local lodge, the Belmont Hotel.

There’s much to say about Cole Manor’s significance and past, which includes countless crimes dating back to a night in January 1950, when both local newspapers reported that three men stuck a gun in the face of the auto court’s manager and stole $300. That was the first time, but far from the last, the motel made news.

A March 25, 1958, Dallas Morning News story -- about a

A March 25, 1958, Dallas Morning News story — about a “pants bandit” hitting, among other locations, the El Sombrero Motor Courts — was one of several crime stories from the 1950s that ran in this newspaper.

The Dallas Morning News

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But first we must reckon with its present — and its future — as Cole Manor heads to trial next month. Because property owner Manor Hospitality Corp.’s attorney says this isn’t his client’s fault or problem. The motel’s longtime owner instead blames its rap sheet on the operator who’s allegedly been booted from the motel and is nowhere to be found, even in court.

The city doesn’t see it that way, citing sections of the Texas Local Government Code that place responsibility at the feet of the property owner. Jill Haning, the city’s deputy chief of the litigation division, said via email that when this case hits a courtroom next month, “The city will ask the court to either appoint a receiver to take possession and control of the property to abate the violations and ongoing criminal activity or issue an order requiring the property owner to do so.”

In court documents, city attorneys say they’ve been working with the motel’s owner since 2002 to identify and eradicate the crime and code violations — only to have the issues re-emerge time and again. That includes 28 police calls in the last three years, including numerous aggravated assaults, drug manufacturing and, police say, the shooting death of a 69-year-old woman.

“As the saying goes,” says the complaint, “insanity is doing the same thing over and over again and expecting different results.”

One of the biggest crimes at the Cole Manor Motel was the removal a few years ago of the...

One of the biggest crimes at the Cole Manor Motel was the removal a few years ago of the sign planted along Harry Hines when the motor court was renamed decades ago.

Daniel Carde / Staff Photographer

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The lawsuit also says federal and local law enforcement in February “took down a seven-person drug trafficking operation that operated out of the Cole Manor Motel for at least a year.” Per the suit, a search warrant resulted in five arrests and the recovery of six guns, fentanyl, crack and $20,000. The city finally sued Manor Hospitality Corp. and its operator, Bhumiya3 LLC, in April.

Bhumiya3 appears to be one person, Irving resident Nilam Patel, whom I couldn’t reach. He also never responded to the lawsuit and didn’t appear in court last month, resulting in a judge slapping him with a pile of code violations totaling $960,256.

Manor Hospitality Corp.’s president is Mike Patel, whose number is the same as Cole Manor’s and doesn’t work anyway, in case you were considering making reservations. Patel has owned the Cole Manor for more than 25 years.

I asked Lance “Luke” Beshara, Manor Hospitality’s Fort Worth-based attorney, how long Bhumiya3 was running the motel on his client’s behalf. He said he didn’t know, but noted that its lease was terminated after the city filed its suit. When I asked who was running the place now, he said he didn’t know.

“Probably a new tenant,” he said. “I am sure my client is trying to find someone who wants to keep it open. They’re not going to let the property sit vacant. That would be a terrible idea, A vacant motel? You really think it’s going to stay vacant? People would break in.”

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Beshara said his client met with Dallas’ attorneys earlier this year, at which point, he said, Manor Hospitality first became aware of the city’s numerous allegations.

“So,” I said, “you’re telling me your client was not aware of what was going on at the motel?”

Beshara said that was “not a fair question.” I asked why.

The swimming pool that used to sit in the middle of the motor court was long ago paved over.

The swimming pool that used to sit in the middle of the motor court was long ago paved over.

Robert Wilonsky

“No, my client was not aware of any of these incidents,” he said. “Later on the city did send a letter referencing its nuisance ordinance and provided a list of certain alleged offenses. They said we have these reports. We got a letter with unsubstantiated offenses that supposedly occurred and were somehow related to my client’s property.”

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He said that after a meeting with city attorneys, Patel hired a security guard and installed a gate, though where, I have no idea. And I drive by the Cole Manor at least once a day every day.

But there’s no need to try this here. A temporary injunction hearing set for Jan. 8, to be followed by a trial 18 days later, will help decide the future of the Cole Manor.

New apartments are going in behind the Cole Manor Motel on Empire Central Drive.

New apartments are going in behind the Cole Manor Motel on Empire Central Drive.

Robert Wilonsky

As for its past, I called architect Willis Winters, Dallas’ former parks department director, to confirm the motel is a Dilbeck. “Absolutely,” he said. Winters would know, as author of a forthcoming Texas A&M University biography of the architect.

“You can tell by the architectural vocabulary of the building, how the façade was very complex, visually interesting,” Winters said of the motel. “It engages your eye as you’re trying to understand why it’s doing what it’s doing. The octagonal windows, the roof overhangs, the cupolas along the roof, the vents. All these items he added for visual texture and visual character to draw interest to the building and make people driving by in 1946 want to turn in there and check in for the night.”

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Winters said he used to drive past the Cole Manor every day, but turned in for the first time earlier this year. He stayed only as long as it took him to turn around and leave.



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H-E-B site wins council approval, clearing way for first store in Dallas

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H-E-B site wins council approval, clearing way for first store in Dallas


The Dallas City Council has approved a zoning proposal for a planned H-E-B, even as the plan drew concerns and some support from the community.

The slated project cleared a key hurdle for the roughly 10-acre site in North Dallas that would bring the first H-E-B namesake to the city, adding to the existing Central Market locales and its Joe V’s Smart Shops. The new grocer would land at the southeast corner of Hillcrest Road and LBJ Freeway, according to the agenda filing.

The City Council approval followed roughly an hour and a half of testimony about the proposal with many saying the new grocery store would create too many traffic headaches in an area that’s already grappling with too many vehicles. Some folks spoke out in favor of the proposal, saying the company is a great member of the community already and that it would be a good addition to that area of Dallas.

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The proposal for the property was for an “RR Regional Retail District,” on the site that’s been zoned “NO(A) Neighborhood Office District,” according to a document filed with the city. The proposal included deed restrictions volunteered by the applicant.

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“We appreciate the thoughtful consideration from city officials, staff, and community members throughout this process,” Mabrie Jackson, H-E-B managing director of public affairs, said in an emailed statement. “We are committed to serving Texans and look forward to bringing our first H-E-B store to the city of Dallas.”

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Among the more than two dozen people who spoke up at the meeting, there were concerns about large trucks doing deliveries and traffic stacking up around the intersection.

The City Council initially considered a denial of the zoning request without prejudice, a motion that would fail. Council member Adam Bazaldua didn’t support it.

“It was a social media craze when H-E-B started coming to the region, but I want to highlight that word and say the region,” Bazaldua said. “One of the things that I saw and heard a million times was, ‘When are they coming to Dallas?’ … We continue to put ourselves in positions where we have allowed for other municipalities, other jurisdictions, to compete with us.”

The Council member added: “I hope that we can support bringing this H-E-B to the city limits, the first one, and it’ll be the first of many to come.

For the vote, Mayor Eric Johnson said “sounds like it was 14-1,” during the meeting.

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Dallas Mavericks expected to explore trades for key veterans, including Anthony Davis

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Dallas Mavericks expected to explore trades for key veterans, including Anthony Davis


This season hasn’t gone the way the Dallas Mavericks expected, even though they’re showing signs of life recently. They enter the NBA Cup week off with a 9-16 record, but they have won four of the last five, with wins over the Miami Heat, Denver Nuggets, and Houston Rockets, which are all good victories.

But how is the ceiling, realistically? If it’s anything less than at least a Conference Semifinals appearance, they need to think about the future around Cooper Flagg and sell on some veterans. And that could be exactly what they’re doing.

According to ESPN’s NBA insider Shams Charania, the Mavericks are expected to explore trades for multiple key veterans on the team.

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“The Mavericks are open to exploring the trade markets for Anthony Davis, center Daniel Gafford, and guards Klay Thompson and D’Angelo Russell, sources said,” Charania started.

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“…Thompson, who joined Dallas during free agency in July 2024, was sold on joining the Mavericks to play alongside Luka Doncic and Kyrie Irving on a team coming off a run to the Finals. With Doncic gone and the franchise winning at a below-.500 clip, teams across the league know Thompson prefers to be part of a contender over the remaining two years of his three-year, $50 million deal. After a slow start to the season, the four-time champion is averaging 12.8 points per game on 39.5% 3-point shooting in his past 10 games while holding opponents to 38.5% shooting as their closest defender, which ranks 10th out of 120 guards to defend 50-plus shots since the stretch began.”

Dec 6, 2025; Dallas, Texas, USA; Dallas Mavericks forward Anthony Davis (3) handles the ball during the third quarter against the Houston Rockets at American Airlines Center. Mandatory Credit: Andrew Dieb-Imagn Images | Andrew Dieb-Imagn Images
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READ MORE: Anthony Davis helping Mavericks move up in NBA power rankings

Mavericks Shouldn’t Stop There With Trades

Realistically, the only players on this roster who are safe moving forward this year are Cooper Flagg, Kyrie Irving, P.J. Washington, and maybe Dereck Lively II. Once Ryan Nembhard becomes a standard contract, he’ll be safe, too.

Washington’s contract extension makes him ineligible to be traded until after the season. Naji Marshall should probably be included there as well, but if the right offer comes across the table, no one should be safe.

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And that could go for Dereck Lively II, but his injuries could have teams around the NBA concerned. It’s clear he doesn’t have the same type of impact without a superstar point guard setting the table for him, and he’s only played in about 50% of the games he’s been available.

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Dallas should definitely focus on trying to clear the books of Caleb Martin and Jaden Hardy, as their contracts could really hold the team down in the future, considering how little they play.

One could argue that Kyrie Irving could be shopped, but they’ve made it clear that they want to build around Irving and Flagg for the next few years.

READ MORE: NBA expert makes case for Mavericks to keep Anthony Davis amid trade rumors

Stick with MavericksGameday for more FREE coverage of the Dallas Mavericks throughout the 2025-26 season

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