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Company announces new logistical site in North Fort Worth
Dallas, August 15, 2017 – JLL today announced the firm has successfully negotiated a new 349,425 square foot industrial lease for Allen Distribution. The food and beverage service company's new warehouse will be at Northport 35 Business Center in Northlake, Texas.
JLL Senior Associate Elizabeth Jones represented the tenant. Stream Realty's Cannon Green, Bob Hagewood and Forrest Cook represented the owner, Clarion.
Northport 35 is located at 4250 Dale Earnhardt Way in Northlake, Texas. The Class A industrial property is positioned near Interstate 35W and Texas State Highway 114.
The Dallas-Fort Worth industrial market remains one of the most active in the nation. Absorption of 9.3 million square feet through Q2 of this year has kept the market below its historic vacancy, according to JLL Research.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
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