Acquiring Company
Meritex
Acquired Company
121 Technology Park
MinneapolisOhioReal EstateManufacturingDescription
Meritex has announced the acquisition of 121 Technology Park, a 58-acre industrial park in Allen, on Oct. 1. The acquisition signals growth potential with a second development phase set to kick off in 2027, adding three more buildings. Meritex is keen on enhancing the tenant experience while advancing their investment strategy in North Texas. The industrial park currently hosts a mix of high-tech and logistics tenants and is positioned for future growth.
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Frequently asked
Who acquired 121 Technology Park?
121 Technology Park was acquired by Meritex, based in Minneapolis. The deal was reported on October 2, 2026. Meritex is an industrial real estate firm specializing in the acquisition and management of high-quality multi-tenant industrial properties. They focus on dynamic markets with strong long-term fundamentals. Meritex is privately held and operates in Real Estate.
When did Meritex acquire 121 Technology Park?
Meritex's acquisition of 121 Technology Park was reported on October 2, 2026. Meritex has announced the acquisition of 121 Technology Park, a 58-acre industrial park in Allen, on Oct. 1. The acquisition signals growth potential with a second development phase set to kick off in 2027, adding three more buildings. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does 121 Technology Park do?
121 Technology Park is a 58-acre industrial park that includes four buildings totaling about 371,000 square feet. The park accommodates various light industrial uses such as high-tech manufacturing and logistics. It is privately held, operating in Manufacturing, and is based in Ohio.
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