CBRE announced the sale of Alcott Station, Buildings B & D. The two buildings, totaling 918,000 square feet, are a part of a 160-acre master planned Class A+ business park in Mesquite, Texas. BentallGreenOak purchased the property from Urban Logistics Realty for an undisclosed price. Building D was 100% leased at the time of sale to RJW, a third-party logistics provider.
Randy Baird, Jonathan Bryan, Ryan Thornton, Nathan Wynne and Eliza Bachhuber with CBRE National Partners arranged the transaction on behalf of the seller.
Alcott Station is a master planned business park that will include over 1.6 million square feet once fully developed. The property encompasses human-centric designs implanted across the entire park to enhance the quality of life of the surrounding residents and future employees. Urban Logistics initially began plans for Alcott Station in 2020 after a successful project in Mesquite called Urban District 30, a nearly one million-square-foot business park near I-30 and Loop 635.
What sets Alcott Station apart is the emphasis on creating an exceptional working environment. Located at the intersection of E. Scyene Road and Faithon P. Lucas Sr. Boulevard, Alcott Station was designed to include a five-acre public park connected to each building by a walking trail with the intent to enhance the quality of life for employees and surrounding residents. The park area will have playground equipment, workout equipment, as well as a fenced dog park. The Alcott Station design standards create a welcoming and modern corporate campus environment across the entire 160-acre master plan development.
Totaling 592,995 square feet, Building D was fully leased to RJW at the time of the sale. Building B, totaling 325,218 square feet, is available for lease. CBRE’s Kacy Jones, John Hendricks and Trevor Atkins with CBRE in Dallas are marketing the building for lease for the new ownership.
