JLL Capital Markets has closed the sale of a 19-building portfolio comprising 764,156 square feet of infill shallow-bay industrial space in the Dallas-Fort Worth area.
JLL marketed the property on behalf of the seller, MoxieBridge. Arden Logistics Parks, (ALP) a logistics real estate operating platform, acquired the asset on behalf of Arden Group and Arcapita.
The portfolio caters to a wide range of light industrial and big box users with suite sizes ranging from 4,600 to 75,000 square feet, clear heights ranging from 16 to 32 feet and 21% office finish. The portfolio’s 19 buildings are 96% leased to 29 diverse tenants with an average remaining lease term of 4.3 years.
The portfolio comprises:
15301-15232 Midway, Addison
1705 John Connally, Carrollton
3325-2442 Halifax, Dallas
712-740 West Mockingbird, Dallas
3138 Quebec, Dallas
4700 Alpha, Dallas
12400 Ford, Farmers Branch
3609 Marquis, Garland
902-910 Fountain, Grand Prairie
2120 Vanco, Irving
3301-3401 Innovative, Mesquite
555 S. Town East, Mesquite
206 S. Town East, Mesquite
545 Commerce, Southlake
These properties are widely dispersed across seven infill, established industrial submarkets, providing geographic diversification and proximity to significant demand travers and the area’s major transportation arteries. Additionally, the buildings can draw from a highly skilled labor pool, with the area leading the nation in both population and job growth over the last decade.
The JLL Capital Markets Investment Sales and Advisory team that represented the seller was led by Stephen Bailey, Dustin Volz, Dom Espinosa, Wells Waller, Pauli Kerr and Cole Sutter.