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News release

Dallas, TX

Economic fundamentals prompts sale of South Dallas manufacturing hub

JLL Capital Markets team secures sale of industrial pipe manufacturing asset in Dallas

Dallas, March 6, 2018 – JLL announced the sale of a regional manufacturing and distribution asset at located in South Dallas today.

The property, located at 4949 Joseph Hardin Drive, was acquired by Taylor Meyer of Polk Street Industrial, which is focused on the acquisition of Class B industrial properties in major western markets. The seller, Ron Hopton-Jones of Linron Properties, was represented by JLL's Industrial Capital Markets team of Dustin Volz, Zane Marcell and Grant Matthews.

The transaction includes a 289,000 square foot manufacturing facility with 10 acres of laydown yard and fully utilized rail access plus an additional 24 acres of land contiguous to the leased facility and yard. 

"4949 Joseph Hardin is an extraordinary manufacturing facility with both direct rail access and laydown yard in an in-fill submarket that will allow ownership to grow with the tenant's needs," said Marcell. "The region's strong fundamentals and its accessibility to several major interstate systems provide ownership a tremendous opportunity to capitalize on the region's continued growth and diverse employee base."

The property is centrally located in South Dallas 15 minutes away from downtown, less than 5 minutes from access to Interstate 20, Interstate 30 and Interstate 35 and less than 20 minutes from the Union Pacific Intermodal Terminal in Hutchins, Texas.

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 a sale, financing, repositioning, advisory or recapitalization execution. In 2017 alone, the firm's 2,000 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally.

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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 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit