Newmark Knight Frank represented Brennan Investment Group in the purchase.
“We are pleased to have assisted Brennan Investment Group in expanding its Texas portfolio,” said Newmark’s Corey Chase said in a statement. “This asset is a great addition to Brennan’s portfolio given the optimal location of the facility and the strength of the long-term tenant.”
Brennan Investment Group, a private real estate investment firm, has more than 24 million square feet of industrial buildings in 22 states. Before the latest purchase, the company had eight buildings with 538,206 square feet in North Texas.
Jim Hazard and Brad Struck of E Smith Realty Partners brokered the building sale with Newmark Knight Frank.
DW Distribution is a family owned company in business since 1955 that distributes building materials in Texas, Oklahoma, Arkansas, Louisiana and New Mexico markets.
The company’s millwork distribution center is located in DeSoto.
And the firm has building material branches in DeSoto and Round Rock.