Infill industrial portfolio sells in the Great Southwest (GSW) submarket of Dallas
JLL Capital Markets led the sales efforts for the two-building portfolio
DALLAS, Nov. 14, 2023 – JLL Capital Markets announced today that it arranged the sale of a two-asset industrial portfolio totalling 144,500 square feet in the GSW submarket of Dallas.
JLL represented the seller, Oxford Properties, and procured the buyer, Berkeley Partners.
The portfolio consists of two, fully leased buildings. Key features include clear heights ranging from 17 to 29 feet, front- and rear-load configurations, 29 dock doors and 153 car parking spaces.
The DFW Infill Portfolio properties are located at 1375 Avenue S. and 1169-1171 113th St. in Grand Prairie, Texas. The properties benefit from proximity to I-30, SH 161, and SH 360 and direct major regional trade corridors and local distribution hubs.
The JLL Capital Markets Investment Sales team was led by Senior Managing Director Trent Agnew, Director Pauli Kerr, Senior Director Charlie Strauss, Director Lance Young and Analyst Brooke Petzold.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About Oxford Properties
Oxford Properties Group (“Oxford”) is a leading global real estate investor, developer and manager. Established in 1960, Oxford and its portfolio companies manage approximately C$85 billion of assets across four continents on behalf of their investment partners. Oxford’s owned portfolio encompasses logistics, office, retail, multifamily residential, life sciences, credit and hotels in global gateway cities and high-growth hubs. A thematic investor with a committed source of capital, Oxford invests in properties, portfolios, development sites, debt, securities and real estate businesses across the risk-reward spectrum. Together with its portfolio companies, Oxford is one of the world’s most active developers with over 70 projects currently underway globally across all major asset classes. Oxford is owned by OMERS, the Canadian defined benefit pension plan for Ontario's municipal employees.
About Berkeley Partners
Berkeley Partners, along with its affiliated entities, is a fully integrated principal investment firm focused exclusively on industrial real estate. Since 2005, its affiliates have sponsored a series of value-add and core-plus investment vehicles dedicated to the light industrial sector. The Firm’s vertically integrated platform includes competencies in asset management, property management, leasing management and construction management. As of June 30, 2023, Berkeley Partners owns and operates approximately 11.3 million square feet of light industrial real estate with $2.2 billion of assets under management (including unfunded commitments and recallable distributions) across targeted growth and gateway markets within the United States.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.