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DALLAS — Colorado-based Mountain West Industrial Properties has acquired Northgate III Business Center, a three-building distribution center located in the Northeast submarket of Dallas. The property totals 161,729 square feet and was 75 percent occupied at the time of closing. Mountain West plans to renovate the property’s vacant units in order to better attract prospective tenants. The company has named Stephen Cooper of locally based NAI Robert Lynn to lease the project. The sale was negotiated by Larry Leon of CB Richard Ellis. It marks Mountain West’s second acquisition in the city.