JLL’s capital markets team has closed the sale of Park Row Logistics Center, a new, 155,425-square-foot, industrial warehouse in the Dallas-area community of Arlington, Texas. JLL represented a joint venture between developer Stream Realty Partners and LaSalle Investment Management in the sale to Clarion Partners, LLC for an undisclosed sum. The Class A+ Park Row Logistics Center is fully leased to Mochila Fulfillment, which provides order fulfillment and warehousing services to e-commerce brands. The single-load building was completed in late 2019 and features a 32-foot clear height, 180-foot truck court, 28 trailer parking spaces, 22 dock-high doors, 60 loading bays, one oversized door, one drive-in door, and low office finish. Situated on 9.23 acres at 3301 E. Park Row Drive, the property is in the Great Southwest/Arlington Industrial submarket, which is known for its central location within the Dallas-Fort Worth metroplex. This location has access to major interstates and highways, including Interstates 20 and 30 and highways 183, 161, and 360, which provide the tenant easy access to approximately 58.6 million customers within a one day’s drive. The COVID-19 pandemic and the shelter-in-place policies that ensued have accelerated e-commerce growth and the need for warehouse space across the nation. JLL expects e-commerce sales could hit $1.5 trillion by 2025, which would increase the demand for industrial real estate to an additional 1 billion square feet. JLL reports that strong fundamentals and ongoing demand for space in the DFW market will continue to push rents higher along with new speculative construction well into 2021. The JLL capital markets investment advisory team representing the seller was led managing director Dustin Volz, senior director Stephen Bailey, and analysts Zach Riebe and Austin Ross.

Younger Partners is exclusively listing the five-building headquarters for Thryv Holdings at 2200 W. Airfield Drive at DFW Airport. The fully furnished complex is plug-and-play and available immediately, said Younger Partners corporate services director Bob Acuff, who is exclusively listing the property for Thryv with the assistance of broker Tanja McAleavey. The largest sublease space in Dallas-Fort Worth is a one-of-a-kind corporate campus that was originally a build-to-suit for Braniff International Airways. “All five buildings have been well maintained by Thyrv’s facility management team and are in move-in ready condition right now,” Acuff said. “The property is in a great location and has good ingress/egress off Airfield Drive-by DFW Airport with numerous amenities close by.” The site features more than 1,000 parking spaces with more than 900 covered. It also has back-up generators for uninterrupted power during service failures. The sublease is available through Dec. 31, 2025. “This opportunity is perfect for a large corporate user looking for a low-cost plug-and-play campus setting,” Acuff said. “The floor plates are also easy to demise for smaller users, as well, starting at 5,000 square feet.” The campus includes Building A with three floors of office space on 49,150-square-foot floor plates; Building B includes three floors with a cafeteria, central plant, data center and office space; Building C includes an auditorium and office with training facilities; Building D features a 77,491-square-foot hotel and conference center along with a 30,983-square-foot fitness center and Building E has 8,400 square feet of training facilities and 21,816 square feet of office space.

Maverick Commercial Mortgage closed on the first mortgage for Hillcrest and Chiesa Manufactured Housing Communities. Hillcrest MHC is located at 2500 Forth Worth Drive in Denton, Texas and Chiesa Estates is located at 7400 Chiesa Road in Rowlett, Texas. Hillcrest MHC sits on 5.84 acres in an “enterprise zone” which encourages more commercial development. Because of this, existing housing is much more valuable, as it will provide housing for people who work in the new developments. The surrounding area also has ample retail, schools and churches which makes it a desirable place to live. Chiesa Estates is situated on approximately 19.81 acres. The park is in the path of growth, mainly in the single- and multi-family housing arena. There are numerous high-end, single-family housing subdivisions in and around this community. The park is within close proximity to churches, schools and shopping. The property features asphalt roads, streetlights, city water and sewer, concrete parking and many mature trees. The 10-year fixed-rate first mortgage was limited to 71 percent loan to value. The loan was non-recourse and amortized over a 30- year period. Proceeds from the first mortgage paid off the existing lender, returned equity to the borrowing entity, and paid for closing costs. The loan was funded by a national lender.