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January 7, 2021 Comments (0) Views: 386 Dallas-Fort Worth, Texas News

JLL Closes Sale of Industrial Park Near DFW Airport

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JLL Capital Markets closed the sale of Gateway Logistics Center, a five-building, 1.4-million-square-foot industrial park situated at the gateway to Dallas-Fort Worth International Airport in Irving. Terms of the transaction weren’t disclosed.
 
JLL worked on behalf of the seller, Bandera Ventures and Long Wharf Capital. BentallGreenOak acquired the industrial park on behalf on an institutional investor.
 
Developed by the seller, Gateway Logistics Center was completed in 2019 and is leased to a roster of household name tenants. The property is located near the south entrance of DFW Airport in one of the most sought-after industrial submarkets in the Dallas-Fort Worth area.
 
The JLL Capital Markets Investment Advisory team representing the seller was led by managing director Dustin Volz, senior director Stephen Bailey, executive managing director Jody Thornton and analysts Zach Riebe and Wells Waller.

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