HINES ACQUIRES 643,429-SQUARE-FOOT WAREHOUSE PORTFOLIO

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DALLAS — The Dallas office of Hines has purchased two warehouse buildings, located at 4050 and 4055 Corporate Dr. in the Dallas/Fort Worth Airport East submarket, on behalf of Hines REIT. The properties comprise 4050 Corporate Dr., which contains 441,068 square feet of industrial space, and 4055 Corporate Dr., which contains 202,361 square feet. Also included is an 831-vehicle surface parking lot. The properties are fully occupied by a tenant roster that includes Kay Chemical, FleetPride Corp., Verizon Communications and John H. Harland/Harland Clarke. Both properties are located within the 180-acre DFW Trade Center office and distribution park. Hines acquired the properties from Dividend Capital Trust for an undisclosed amount.

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