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NAI Robert Lynn Industrial Division represents seller of former Blockbuster distribution center in McKinney 

DALLAS – August 18, 2014 – NAI Robert Lynn recently represented C-III Asset Management LLC, a subsidiary of C-III Capital Partners, in the sale of an industrial warehouse and distribution center located at 3000 Redbud Blvd. in McKinney, Texas. Dave Peterson, vice president of the NAI Robert Lynn Industrial Division, Rick Medinis, executive vice president of the NAI Robert Lynn Industrial Division and Mark Miller, president of NAI Robert Lynn represented C-III in the transaction.

The 888,096-square-foot facility sits on an accompanying 47.8 acres of land, formerly the Blockbuster, Inc. headquarters. The facility was sold to Saskaway Management Group after a two-year vacancy period. The center currently remains the single largest distribution site in the far northeast market of Dallas/Fort Worth (DFW), and includes office space and a data center.

“In such a competitive market, we have not seen many industrial deals larger than 400,000 square feet, so we are proud to be among those few deals still being closed in the current market,” said Peterson. “This location, once suitable for the biggest movie distributor in America, will have no problems being leased by future tenants. There are many desirable amenities that make the center a great fit for several distribution companies in the area, and we expect to see tenants move in fairly quickly.”

NAI Robert Lynn has brokers who specialize specifically in sub-markets in DFW, and ensure clients receive the most up-to-date and comprehensive information at all times. With the help of NAI Robert Lynn’s experienced team, C-III Asset Management LLC was able to successfully sell the largest distribution center in the northeast sector of the metroplex.

 

About NAI Robert Lynn

NAI Robert Lynn specializes in providing commercial brokerage and consulting services including tenant representation and owner representation for office, industrial and retail properties, property management, investment sales and purchases. The company has been ranked in the top five of the Costar ranking of Dallas/Fort Worth (DFW) brokerage firms based on commercial square footage leased every year since the rankings began. NAI Robert Lynn has been providing its clients with superior service and market knowledge of the DFW area for 51 years. This is evidenced by the 2013 results, closing 776 transactions totaling nearly 29 million square feet, and managing more than 10 million square feet of commercial properties. To learn more, visit www.robertlynn.com.

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