10-Acre Land Parcel Near DFW Airport Acquired

EULESS, Texas (April 16, 2024) –  Windhaven Investments Inc. acquired a 9.98-acre infill parcel at 3300 FM 157 in Euless, Texas, near Dallas-Fort Worth International Airport. Younger Partners Executive Managing Director John St. Clair and Associate Luke Nolan brokered the deal between the buyer and seller, Clubwise Finance LP. The sale price was not disclosed.

Zoned light industrial, the acreage fronts Euless’ major north/south FM 157 route. The land’s proximity to DFW Airport and access to Texas Highways 10 and 183 generated potential buyer interest but “Windhaven had the confidence in the tract to close it,” St. Clair said.

The current buyer got the deal across the finish line with plans to hold the land for investment, potentially repositioning it for future sale or attracting developers.

“During the past decade, industrial developers have been focused on larger buildings of at least 200,000 square feet or more,” St. Clair said. 

However, Nolan said, the land on FM 157 provides an excellent opportunity to develop smaller buildings that are in demand, thus attracting industrial tenants who don’t require large amounts of square footage.

“That was a big part of the appeal of this transaction,” Nolan added. “This is a great piece of real estate for smaller light-industrial buildings. The new owner won’t have a shortage of tenants or buyers.”