Class A Industrial portfolio in Dallas suburb finds new owner

DALLAS, September 29, 2022 – JLL Capital Markets announced today that it has closed the sale of Star Commerce Center II and IIIA, two Class A industrial warehouses totaling 244,364 square feet in the North Dallas suburb of Frisco, Texas.

JLL represented the seller, Blue Star Land, in the sale to Lincoln Property Company.

Star Commerce Center II and IIIA are 100% leased to a strong roster of brand name distribution tenants, including GEA Food Solutions and Vivint. Delivered between 2020 and 2022, the rear-load buildings offer a 32’ clear height, 34-38 dock high doors, three drive-in doors, 135’-210’ truck courts and approximately 15% office finish.

Located at 16005 Gateway Dr. and 16440 Gateway Path within the Northeast Dallas submarket, Star Commerce Center II and IIIA provides exceptional north-south and east-west accessibility, connecting the property to Dallas-Fort Worth’s fastest growing population centers as well as regional access to the Texas Triangle, the area between Dallas-Fort Worth, Houston, San Antonio and Austin. This area makes up the seventh largest mega-region in North America and ranks amount the world’s 15 largest economies. Furthermore, over the next 40 years, the region’s population is expected to grow by more than 65%.

The JLL Capital Markets Industrial team representing the seller was led by Senior Managing Directors Dustin Volz and Stephen Bailey, Directors Dom Espinosa and Zach Riebe and Analyst Matthew Barge.

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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