Skip Ribbon Commands
Skip to main content

News release

Dallas, TX

Paragon Distributing Company announces logistical center expansion

JLL successfully negotiates industrial lease


​DALLAS, September 13, 2017 – JLL announced the firm has successfully negotiated a 24,745-square-foot industrial lease expansion today for Paragon Distributing Company for their North Texas distribution center. With the addition, the appliance distribution company's regional hub now encompasses 74,813 square feet total.

JLL Senior Vice President Michael Haggar and Senior Associate Craig Phelps represented the tenant. Billingsley Company's George Billingsley represented the landlord, Billingsley Development Corporation.

"Growth within our region has made securing this expansion a priority for Paragon," said Haggar. "Thanks to this expansion, they will be able to meet growing consumer demand and increase their exceptional level of customer service. We are glad to play a role in finding them a solution that meets and continues to exceed their expectations."

Mercer Crossing 4 is located at 11925 North Stemmons Freeway in Dallas at the northwest corner of Interstate 635 and Interstate 35E.

According to JLL Research, the Dallas-Fort Worth industrial market has seen absorption of 9.3 million square feet through Q2 of this year, allowing the market to remain below its historic vacancy.

 

About JLL

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.