Birtcher Anderson & Davis and Belay Investment Group Finalize Sale of Whitlock I Industrial Property in Carrollton, Texas
Birtcher Anderson & Davis and Belay Investment Group Complete Sale of Whitlock I Industrial Property in Carrollton, Texas
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Birtcher Anderson & Davis and Belay Investment Group completed the sale of the Whitlock I industrial property in Carrollton, Texas, on February 3, 2026. The 49,650 square foot facility was sold at a significant profit after improvements raised rental rates by 43%.
- 01The Whitlock I property spans 49,650 square feet across two buildings located at 1415 and 1425 Whitlock Lane in Carrollton, Texas.
- 02Birtcher Anderson & Davis acquired the property in December 2021 and increased rental rates from $6.93 to $9.91 per square foot during their ownership.
- 03The property achieved 100% occupancy, reflecting strong demand in the Dallas-Fort Worth industrial market.
- 04Improvements included interior renovations and exterior enhancements, which contributed to higher occupancy and rental rates.
- 05Eliza Bailey, Co-Founder of Belay Investment Group, expressed satisfaction with the sale, emphasizing the successful execution of their investment strategy.
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Birtcher Anderson & Davis Associates, Inc. (BA&D) and Belay Investment Group have successfully completed the sale of the Whitlock I industrial property located at 1415 and 1425 Whitlock Lane in Carrollton, Texas. The transaction, finalized on February 3, 2026, involved a two-building complex totaling 49,650 square feet. BA&D initially acquired the property in December 2021, recognizing its potential for value enhancement due to below-market rental rates. Over the holding period, BA&D executed a strategic plan that included raising rental rates by approximately 43%, from $6.93 to $9.91 per square foot, while maintaining full occupancy. This was achieved through targeted renovations and improvements, which bolstered tenant retention and leasing results. Eliza Bailey, CEO of Belay, highlighted the successful execution of their investment strategy and the robust demand for upgraded industrial properties in the Carrollton submarket. The sale reflects the strength of the Dallas-Fort Worth industrial market, particularly in well-located areas.
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The successful sale and improvement of Whitlock I contribute to the economic vitality of the Carrollton industrial market, indicating strong demand for upgraded properties.
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