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Irving Weekly Title

Business News

PHP Capital Partners Acquires Freeport 7 Industrial Property in Irving

PHP Capital Partners (PHP), a privately owned investor and operator of industrial real estate, has acquired Freeport 7, a single-tenant light industrial property located near the Dallas-Fort Worth International Airport. The purchase price was not disclosed.

Situated at 9150 N. Royal Lane, the 56,076-square-foot property is fully leased to Inspire Event Solutions, a subsidiary of Ashford, Inc.

“This property checked all of our boxes as we continue to target functional, shallow-bay industrial properties in urban infill areas,” said Pete Van Amburgh, co-founder of PHP Capital Partners.

Van Amburgh highlighted the attractive purchase basis and proximity to the airport without the burden of a DFW Airport-owned ground lease as key factors in the acquisition. He noted that tightening credit standards in commercial real estate lending led PHP to raise all equity from existing limited partner investors to close the transaction.

PHP Capital Partners was founded by Van Amburgh, Hunter Harrison, and Paul Carr in early 2021 to meet the rising tenant demand for infill industrial properties in Texas. Despite challenges from higher interest rates, PHP Capital’s flexible structure allows it to remain agile in purchasing decisions.

Within the past year, PHP Capital has acquired several properties, including the 56,000-square-foot 3300 Nacogdoches in San Antonio, the 25,000-square-foot 3101 E. Avenue E in Grand Prairie, and the 25,000-square-foot Southwest Business Center in Fort Worth. Additionally, the company sold the 165,000-square-foot Blue Smoke Business Park in Fort Worth.

“Freeport 7 marks our 19th transaction as a company,” said Harrison. “This acquisition exemplifies the kinds of deals we seek. Despite a challenging market, we are hopeful to capitalize on several more opportunities at this point in the cycle.”

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