Birtcher Anderson & Davis and Belay Investment Group Successfully Finalize Sale of Whitlock I Industrial Property
In a notable commercial real estate transaction, Birtcher Anderson & Davis Associates, Inc. (BAD) and Belay Investment Group successfully concluded the sale of Whitlock I, an industrial property located at 1415 and 1425 Whitlock Lane in Carrollton, Texas. This two-building complex encompasses a total of 49,650 square feet and is situated in one of the most active industrial markets in North Dallas. The closing of this transaction took place on February 3, 2026, following strategic marketing efforts led by Stream Realty Partners.
Whitlock I represents a significant aspect of BAD's portfolio, having been acquired in December 2021. At the time of its acquisition, the property was fully leased, yet offered considerable potential for enhancement through strategic initiatives and adjustments to the rental structure. The initial rental rates at the time of acquisition were notably below current market averages, suggesting substantial opportunities for growth.
Throughout their ownership period, BAD implemented a series of targeted improvements and renovations, effectively increasing rental rates in line with the market's strengthening fundamentals while achieving a remarkable stabilization of occupancy at 100%. Renovations included both interior suite updates and selective enhancements to the exterior, which collectively improved the overall curb appeal, functionality, and positioning of Whitlock I within the competitive market.
As a testament to these efforts, the rental rates at the time of sale were approximately 43% higher than when initially acquired, increasing from $6.93 per square foot to $9.91 per square foot. This impressive figure reflects not only the success of BAD's execution of its business plan but also the persistent demand for well-located industrial properties in the Carrollton area.
Eliza Bailey, Co-Founder, CEO, and CIO of Belay Investment Group expressed satisfaction with the favorable exit from Whitlock I. She noted that the successful outcome exemplified the strength of their investment strategy, highlighting their attractive property acquisition basis and effective financing tactics, combined with the BAD team's disciplined execution of a well-defined value-add business plan.
Whitlock I consists of two distinct buildings, with one building measuring 27,235 square feet and the other measuring 22,415 square feet. Both buildings serve a diverse tenant base, which speaks to the area's solid economic drivers and tenant demand.
Overall, the successful sale of Whitlock I illustrates the proactive approaches employed by BAD and Belay in realizing significant returns on their investments. As both firms look toward future opportunities, this transaction stands as a clear example of strategic planning, market understanding, and value-adding execution in the realm of commercial real estate investment.
Whitlock I represents a significant aspect of BAD's portfolio, having been acquired in December 2021. At the time of its acquisition, the property was fully leased, yet offered considerable potential for enhancement through strategic initiatives and adjustments to the rental structure. The initial rental rates at the time of acquisition were notably below current market averages, suggesting substantial opportunities for growth.
Throughout their ownership period, BAD implemented a series of targeted improvements and renovations, effectively increasing rental rates in line with the market's strengthening fundamentals while achieving a remarkable stabilization of occupancy at 100%. Renovations included both interior suite updates and selective enhancements to the exterior, which collectively improved the overall curb appeal, functionality, and positioning of Whitlock I within the competitive market.
As a testament to these efforts, the rental rates at the time of sale were approximately 43% higher than when initially acquired, increasing from $6.93 per square foot to $9.91 per square foot. This impressive figure reflects not only the success of BAD's execution of its business plan but also the persistent demand for well-located industrial properties in the Carrollton area.
Eliza Bailey, Co-Founder, CEO, and CIO of Belay Investment Group expressed satisfaction with the favorable exit from Whitlock I. She noted that the successful outcome exemplified the strength of their investment strategy, highlighting their attractive property acquisition basis and effective financing tactics, combined with the BAD team's disciplined execution of a well-defined value-add business plan.
Whitlock I consists of two distinct buildings, with one building measuring 27,235 square feet and the other measuring 22,415 square feet. Both buildings serve a diverse tenant base, which speaks to the area's solid economic drivers and tenant demand.
Overall, the successful sale of Whitlock I illustrates the proactive approaches employed by BAD and Belay in realizing significant returns on their investments. As both firms look toward future opportunities, this transaction stands as a clear example of strategic planning, market understanding, and value-adding execution in the realm of commercial real estate investment.
Topics General Business）
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