Industrial and headquarters building in sought-after Dallas market sells
JLL Capital Markets closed the sale of the building occupied by Diab America in DeSoto, Texas
DALLAS, Jan. 24, 2022 – JLL Capital Markets announced today that it has closed the sale of I20 Corporate Center, a 385,472-square-foot industrial property and headquarters for Diab America within the high-performing South Dallas industrial market in DeSoto, Texas.
I20 Corporate Center is home to the North American headquarters for Diab America, a producer of high-performance core materials that can be found in applications worldwide and in industrials such as marine, aerospace, wind energy and transport. The building was constructed in 1986 and expanded in 1992. It offers the tenant clear heights ranging from 28.6 to 33 feet, 21 overhead dock-high loading doors, one drive-up ramp and more than six percent office finish.
Located at 220 E. Danieldale Rd., I20 Corporate Center is just off Interstate 20 with easy connectivity to other major area throughfares, including Interstates 35E and 45 and US Highway 67. From this strategic location, the tenant has access to a highly skilled labor force and 58.6 million residents within a one-day’s drive.
Dallas-Fort Worth’s industrial market continues to set records for its tenant demand and absorption, which is anticipated to continue throughout the year. Situated on 20.55 acres within the institutional South Dallas Industrial submarket, the property is surrounded by 80.11 million square feet of inventory, which, according to JLL Research, had only 6.9 percent vacancy at the end of the fourth quarter of 2021.
The JLL Capital Markets Investment Advisory team representing the seller was led by Managing Director Stephen Bailey, Senior Managing Director Dustin Volz and Analysts Zach Riebe and Pauli Kerr.
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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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 $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
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