Phoenix-based Creation sells 820 Exchange to CBRE Investment Management

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“820 Exchange is an industrial A+ project in a high barrier-to-entry infill site at DFW that meets market demand for new logistics and warehouse space,” said Creation’s Managing Director, Josh Zemon. “The sale process with CBRE Investment Management was smooth and we look forward to seeing 820 Exchange prosper under their ownership.”

820 Exchange has immediate freeway access and is only four miles north of fort worth bustling city center. fort worth was named one of the fastest growing metropolitan areas and the fourth fastest growing in the United States

820 Exchange is currently 71% leased and a 9.9 acre portion is retained by Creation for future development. 820 Exchange was Creation’s first logistics development project in the DFW market. The team, along with its design and build partner, LGE Design Build, officially opened their dallas office in early 2020 and have built a pipeline of over $500 million new Texas projects that will see the light of day at the end of 2021 and the beginning of 2022.

820 Exchange was designed with the best specifications in the market, including modern headrooms, column spacing, loading areas with excess trailer parking and modern, high-end architectural features that incorporate limestone bricks sourced from local careers.

820 Exchange was developed as a joint venture between Walton Street Capital, McRae Gomez and Creation companies. LGE Design Build served as the general contractor on this project, LGE Design Group was the architect, and they recently completed construction of 820 Exchange at June 2021.

About creation:
creation is a Phoenixalternative investment and real estate development company founded by David Sellers and Bob Agahi. Creation has a growing pipeline of over $3 billion top-to-bottom developments in six markets in the United States. Creation’s alternative investment platform has co-founded four companies since 2015 and has helped fund more than 90 burgeoning tech startups across the country. Creation also holds several ownership positions in experiential entertainment concepts across the country. www.creationequity.com.

Media Contact:
Megan Wahl
LAVIDGE
480-998-2600
[email protected]

SOURCE creation

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http://www.creationequity.com

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