JLL Capital Markets arranged the sale of two newly constructed buildings totaling 1.6 million square feet in Lancaster, TX
News release
11 February 2025
Class A Midpoint Logistics Center in South Dallas trades hands
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DALLAS, Feb. 11, 2025 – JLL Capital Markets announced today the sale of Midpoint Logistics Center, two newly constructed, Class A industrial buildings totaling 1,600,445 square feet in Lancaster, Texas, approximately 20 minutes south of Downtown Dallas.
JLL worked on behalf of the seller, Panattoni Development Company, which developed the properties, in the sale.
Completed in 2023, Midpoint Logistics Center comprises two state-of-the-art, cross-dock distribution facilities featuring 38- to 40-foot clear heights, ESFR sprinkler systems, LED lighting, high-quality office finish and ample trailer and vehicle parking. The two buildings are 100% leased to two credit tenants: DSV Solutions, LLC, a global logistics company, and Electrolux Consumer Products, Inc., a global appliance manufacturer.
Located at 3501 Midpoint Dr. & 3803 N. Dallas Ave. in Lancaster, Texas, the buildings are strategically positioned between I-35 and I-45, providing excellent access for regional and national distribution. Additionally, the park’s location in the thriving South Dallas submarket allows tenants to benefit from the area's robust population growth, skilled labor force and proximity to major transportation corridors.
The JLL Investment Sales and Advisory team was led by Senior Managing Director Trent Agnew, Senior Directors Tom Weber and Parker McCormack, Director Pauli Kerr, Associate Matthew Barge and Analyst Brennan Fewin.
"Midpoint Logistics Center exemplifies the overwhelmingly positive investor sentiment that exists in our sector today for best-in-class assets in high-growth markets,” said Agnew. "With its high-quality construction, long-term credit tenancy and strategic location in one of the fastest-growing industrial corridors in the country, this asset garnered significant investor interest despite recent economic headwinds. The transaction demonstrates a continued appetite for well-located, stabilized industrial product in top-tier markets like DFW."
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 111,000 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.
About Panattoni Development Company, Inc.
Founded in 1986, Panattoni Development Company, Inc. is one of the largest privately held, full-service, development companies in the world. Panattoni operates from 65 offices in the United States, Canada, Europe and Asia. Since inception, Panattoni has developed more than 625 million square feet of space including more than 215 million square feet of build-to-suit projects. For more information visit, www.panattoni.com.