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Black Creek acquires industrial park in Arlington, Texas

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Black Creek acquires industrial park in Arlington, Texas

Black Creek Group LLC purchased the Pioneer 360 Business Center industrial park in Arlington, Texas, for an undisclosed amount from LaSalle Investment Management Inc., the Dallas Business Journal reported, citing county deed records.

The property comprises three buildings aggregating nearly 1.2 million square feet and was last assessed for $79.6 million by the Tarrant Appraisal District.

LaSalle Investment Management, a subsidiary of Jones Lang LaSalle Inc., purchased the property in 2015, the publication added.