Arlington Industrial

Arlington Industrial is a six-building, 170,390 square foot infill shallow bay logistics property located at the midpoint between Dallas and

Fort Worth, with direct access to four major highways. Lightstone is acquiring the property at approximately $140 per square foot —

roughly 11% below comparable DFW shallow bay sales identified by Lightstone and approximately 45% below Lightstone's internally

estimated replacement cost — at a projected 6.2% going-in cap rate, providing meaningful yield from day one. As of August 2026, the

property is 97% leased across 47 suites to 25 diversified tenants, with the largest occupying only about 7% of the space. The asset sits in

the Great Southwest/Arlington submarket, among the tightest in the metroplex at roughly 7.8% vacancy, where just two comparable new

buildings exist within a ten mile radius. In-place rents sit approximately 14% below market based on our internal assumptions., and

because the majority of leases roll during the projected hold, Lightstone can stagger rent resets to market as leases expire, capturing

potentially embedded upside while preserving steady cash flow.