JLL Capital Markets represents developer to raise joint venture equity for the 756,668-square-foot industrial project in Mesquite, TX
News release
25 January 2024
Joint venture equity arranged for Class A industrial project
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DALLAS, Jan. 25, 2024 – JLL Capital Markets announced today that it has arranged a joint venture equity partnership for the development located at 2800 Skyline Dr., a to-be-built, Class A industrial building totaling 756,668 square feet in Mesquite, Texas.
JLL worked on behalf of the sponsor, Dallas-based Capstar Real Estate Advisors, to arrange the joint venture equity partnership with a confidential capital provider.
The development has an expected delivery in Q1 2025, and the building will feature 40-foot clear height, 109 dock high doors, 351 car parks and 134 trailer parking spaces. The building will be situated on a 40.43-acre parcel and is 100% pre-leased to one of the top manufacturers of solar panels in the world. The facility will be utilized for distribution to support the company’s manufacturing operation next door, located at 3000 Skyline Dr. The project is expected to break ground in Q1 2024.
2800 Skyline Dr. is located within the East Dallas submarket, a highly coveted institutional submarket experiencing tremendous growth with over 4 million square feet of BTS projects delivered over the last three years.
The JLL Capital Markets Industrial Team was led by Jody Thornton, Trent Agnew, Tom Weber and Greer Shetler.
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.
For more news, videos and research resources, please visit JLL’s newsroom.
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.