Dallas-based Crow Family Holdings, which owns and manages the capital of the Trammell Crow family, has bought 24.1 acres in an industrial area off Texas 360 and Post & Paddock Road in Grand Prairie.The land, 1025 Post & Paddock, was sold by the Teachers Retirement System of Ohio, according to deed records. As founder of the Trammell Crow Co., Crow was one of the country’s largest commercial real estate developers and landlords. Forbes and The Wall Street Journal called him the largest landlord in the U.S.Kevin Santaularia, president and CEO of Dallas-based Bradford Commercial Real Estate Services, said Crow Family Holdings is timing the industrial market right with this buy.“Vacancy within the Great Southwest industrial submarket currently stands at 8.5 percent for warehouse product,” Santaularia said, adding that there is “very little land available for speculative construction” in the market.Michael Spain, also with Bradford, represented the seller. The land was sold May 17, deed records said.
Sandra Baker, 817-390-7727 Twitter: @SandraBakerFWST