Birtcher Anderson & Davis Associates (BA&D) and Belay Investment Group announced the sale of Whitlock I, a two-building, multi-tenant industrial property totaling 49,650 square feet in Carrollton, Texas, within the North Dallas industrial market. The transaction closed on February 3, 2026, following marketing efforts led by Stream Realty Partners.
Whitlock I consists of two industrial buildings located at 1415 and 1425 Whitlock Lane and serves a diverse tenant base in one of the Dallas–Fort Worth area’s most active industrial submarkets. BA&D acquired the property in December 2021 as part of a larger portfolio.
At the time of acquisition, the property was fully leased but featured rental rates below market levels, creating an opportunity for a value-add strategy focused on rent growth and targeted capital improvements. During the ownership period, BA&D increased rental rates while maintaining high occupancy levels and eventually stabilizing the asset at 100% occupancy.
As tenant spaces turned over, BA&D completed interior suite renovations and selective exterior upgrades designed to improve functionality, curb appeal, and overall market positioning. The company said these initiatives contributed to stronger leasing performance, higher rental rates, and continued tenant retention.
At the time of the sale, Whitlock I remained fully occupied. In-place rental rates had increased approximately 43% from acquisition levels, rising from $6.93 per square foot to $9.91 per square foot. The companies said the outcome reflected the successful execution of the property’s business plan and sustained demand for well-located industrial assets in the Carrollton market.
Whitlock I’s two buildings total 49,650 square feet, with the facility at 1415 Whitlock Lane comprising 27,235 square feet and the building at 1425 Whitlock Lane totaling 22,415 square feet.
KEY QUOTE:
“We are pleased with our favorable exit from Whitlock I and believe the outcome reflects both the strength of our initial investment thesis given our attractive basis, accretive financing, and positioning a strong infill submarket, as well as the BA&D team’s disciplined execution of our value-add business plan. We appreciate our continued partnership with BA&D and look forward to pursuing additional opportunities together”
Eliza Bailey, Co-Founder, CEO & CIO, Belay Investment Group
