JLL Capital Markets has closed the sale of DFW Park 161 AMZL, a fully leased Class-A distribution center totaling 219,000 square feet at the Dallas-Fort Worth International Airport in Irving, Texas.
JLL represented the seller, a joint venture between Invesco Real Estate and Perot Development Company.
Completed in early 2022, the 250- by 875-foot building was built-to-suit for Amazon as a last-mile distribution center. DFW Park 161 AMZL features 9.3% office finishes, 32-foot clear height, 17 dock high doors, 18 drive-in doors, 27 trailer parking spots and 1,440 parking spaces.
DFW Park 161 AMZL is located on 55.768 acres of airport land at 3100 State Highway 161, within the master-planned DFW Park 161, just east of Dallas-Fort Worth International Airport and within the DFW Airport Industrial submarket, one of the most desirable industrial submarkets in the region. The property is along State Highway 161, which is one of the area’s main north and south transportation arteries and carries more than 123,000 vehicles per day. In addition to the ability to easily reach the entire DFW metro area quickly, the property has connectivity to the Texas Triangle, the area between DFW, Houston, San Antonio and Austin that houses 25 million residents, which is expected to grow to house 78% of the state’s population within the next 40 years. With $1.32 trillion in economic output, this area ranks among the world’s 15 largest economies.
The JLL Capital Markets team representing the seller was led by Senior Managing Directors Dustin Volz and Stephen Bailey, Directors Dom Espinosa and Zach Riebe and Analyst Jack Copher.