Total Square Footage: 476,341
Acquired: December 4, 2020
Tenant Name: Dallas Wholesale Builder’s Supply, Inc. d/b/a DW Distribution, Inc.
Royal Oak Realty Trust (“Royal Oak”) is pleased to announce the completion of our latest acquisition.
On December 4, 2020, Royal Oak acquired the headquarters, main mill working facility and main distribution facility of Dallas Wholesale Builder’s Supply, Inc. d/b/a DW Distribution, Inc. (“DW”) in DeSoto, TX. The property is located in the South Dallas Submarket of the Dallas-Fort Worth Metropolitan Statistical Area (MSA), the 4th largest MSA in the United States and offers excellent access to major transit corridors such as I-35 and I-20. The property has 10.5 years of remaining lease term.
The building was a concrete tilt-up build-to-suit for DW in 1999, who has occupied the property ever since, with additions to the property in 2005 and 2012. The 476,341 square foot facility consists of warehouse, distribution, storage, office, and covered storage. The building has 16 dock-high and 10 drive-in doors. The property sits on approximately 21.10+/- acres.
Founded in 1955, DW is based in DeSoto, TX specializing in the distribution of a wide array of roofing, millwork, and lumber products. Formerly known as Dallas Wholesale Builders Supply, Inc., the company changes its name to DW Distribution, Inc. in 1997. The firm is a family-owned business serving the Texas, Oklahoma, Arkansas, Louisiana, and New Mexico markets.