We are seeing investors shift into smaller tertiary markets where competition is weaker, value-add properties where the potential for rent increases is higher.
Irving’s city council is set to vote Thursday on a package with a value of more than $30 million for the new Wells Fargo campus. The facility would serve as a regional hub for the San Francisco-based bank.
The Atlanta-based company is working with a financial adviser on the potential sale. Other logistics firms and investment funds have expressed preliminary interest in acquiring the business.