EASTGROUP ACQUIRES DISTRIBUTION PORTFOLIO
DALLAS — Jackson, Miss.-based EastGroup Properties has acquired a three-property distribution center portfolio located in Dallas. The properties total 227,000 square feet and are situated in the city’s Northwest submarket along Stemmons Freeway. They were constructed between 1979 and 1981, and currently have an occupancy of 87 percent by six tenants. EastGroup plans to rename them Interstate Distribution Center V, VI an VII. The seller and the acquisition price were undisclosed.