JLL Capital Markets closed the sale of the single-tenant building net leased to the No. 1 e-commerce retailer in the world
News release
30 June 2022
Last-mile Amazon distribution facility sells in Dallas-Fort Worth
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DALLAS, June 30, 2022 – JLL Capital Markets announced today that it has closed the sale of a 186,344-square-foot, state-of-the-art, last-mile distribution facility triple net leased to Amazon in the Dallas-Fort Worth community of Arlington, Texas.
JLL marketed the property on behalf of the seller, Oxford Properties. Realterm acquired the asset.
The building sits on 15.523 acres at 2400 Centennial Dr. in Arlington, a mission-critical, last-mile location with easy access to multiple transportation nodes, including Interstates 20 and 30 and SH 161 and 360. These highways connect the tenant to over 25 million customers throughout the Texas Triangle region of Dallas, Houston, San Antonio and Austin. The property is also located in the Great Southwest/Arlington submarket, the most desirable in the Dallas-Fort Worth Metroplex due to its proximity to strong labor pools and major thoroughfares.
Originally constructed in 1987, the facility was most recently upgraded in 2020 with the amenities and characteristics of an Amazon last-mile facility. The front-load building features a 29-foot clear height, 10 dock-high doors, deep truck court, LED lighting, low office finish, 338 van parking spaces and ample employee vehicle parking.
The JLL Capital Markets Investment Sales and Advisory team that represented the seller was led by John Huguenard, Dustin Volz, Trent Agnew, Stephen Bailey, Dom Espinosa, Zach Riebe and Megan Babovec.
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 JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Realterm
Realterm is an independent global investment manager focused on the transportation industry. We acquire, develop, finance and manage differentiated real estate and infrastructure assets serving land, air, sea & rail networks in North America, Europe and Asia. Realterm currently manages over $11 billion in assets through five transportation logistics-oriented private equity funds: Realterm Airport Logistics Properties (RALP), an open-end fund investing into high flow-through (HFT) on-airport logistics real estate throughout North America; Realterm Logistics Income Fund (RLIF), an open-end, core-plus fund, and the Realterm Logistics Fund (RLF) series, a closed-end, value-added fund series, both of which invest into HFT surface transportation logistics real estate throughout the U.S.; Realterm Europe Logistics Fund (RELF), a closed-end, value-added fund series investing into HFT logistics real estate throughout Europe; and Indospace Logistics Parks (ILP), a closed-end, opportunistic fund series investing into warehouse and logistics real estate throughout the top industrial markets in India.