Kingsley Manufacturing

Westmount acquired this manufacturing and distribution facility in 2012. The property, originally built in 1963 and expanded in 1974, sits on 19.688 rail-served acres. Located in southwest Garland, the site is bounded by LBJ Freeway (Interstate 635) to the West and South, making it easily accessible by major roads.

The building is 100% HVAC climate-controlled and includes an office component of 11,000 square feet. The property is 100% occupied by Apex Tool Group (“Apex”), a strong credit tenant, serving as one of the company’s primary tool manufacturing facilities. Kingsley Manufacturing has a 20-year lease with Apex Tool Group, providing a stable cash flow. In addition, the property offers significant upside potential with the sizable undeveloped land available for expansion or additional parking.

We sold this property in 2013.