News release

Investor purchases Class A distribution center in Fort Worth to expand Texas footprint

JLL Capital Markets led sales efforts for the newly constructed Everman Crossroads

January 05, 2022

Cierra Lacasse

Hotels & Hospitality and Capital Markets
+ 1602 648 8701

DALLAS, Jan. 5, 2021 – JLL Capital Markets announced today that it has closed the sale of Everman Crossroads, a 954,610-square-foot, two building industrial distribution center located in the one of Dallas-Fort-Worth’s best performing industrial submarkets in Fort Worth, Texas.

JLL marketed the property on behalf of the seller, a partnership between Bandera Ventures and Invesco Real Estate, a global real estate investment manager. MDH Partners acquired the asset as part of its ongoing strategy to increase its Texas footprint.

The two buildings were completed in November 2021 and feature best-in-class construction quality and design that tenants desire. Everman Crossroads is 32 percent leased with building one fully leased to Purina, while building two was sold vacant. Building one totals 310,292 square feet and offers a 36-foot clear height, 88 dock doors, 109 trailer spaces and 172 parking spaces. Building two totals 644,318 square feet with a clear height of 40 feet, 142 dock doors, 182 trailer spaces and 225 parking spaces.

Located at 8400 Oak Grove and 1401 Everman Parkway, Everman Crossroads is 30 miles from the Dallas-Fort-Worth International Airport. The property has north-south access to the DFW Metroplex via Interstate 35 West and east-west access via interstate 20.

Everman Crossroads was sourced by Marty McFarland at Bandera Ventures who was represented by Randy Touchstone, an Executive Vice President at JLL. 

The JLL Capital Markets Investment Sales and Advisory team that represented the seller was led by Senior Managing Directors Dustin Volz, Managing Director Stephen Bailey, Director Dom Espinosa and Analysts Zach Riebe and 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.

For more news, videos and research resources on JLL, please visit our newsroom.


About JLL

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.

About Invesco Real Estate

Invesco Real Estate is a global leader in the real estate investment management business with $87.0 billion in real estate assets under management, 597 employees and 21 regional offices across the U.S., Europe and Asia (as of September 30, 2021). Invesco Real Estate has been actively investing in core, value-add and opportunistic real estate strategies since 1992. Invesco Real Estate is a business name of Invesco Advisers, Inc., an indirect, wholly owned subsidiary of Invesco Ltd. Invesco Ltd. is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; invesco.com

About Bandera Ventures

Bandera Ventures was founded in 2003 by Charles Anderson, Pryor Blackwell and Thomas Leiser. The company was created to responsibly develop, acquire, own and operate commercial real estate. The three founding principals are all former partners and senior executives at Trammell Crow Company with over 140 years of combined commercial real estate experience. Along with CFO Carol Kreditor, Tom, Chuck and Pryor have worked together for over 34 years and have been blessed with a remarkable, three-decade partnership. In addition, they enjoy unparalleled relationships with local and national real estate executives, capital partners, business leaders and government officials.

About MDH Partners

MDH Partners is an Atlanta-based real estate investment company managing its discretionary funds targeting industrial real estate across the United States on behalf of its institutional investors. Founded in 2005 as the successor to a fifty-year-old local real estate development company, MDH Partners has led and/or participated in over $4 billion (75 million square feet) of acquisitions, developments, and asset management as an advisor and investor. For more information, visit mdhpartners.com.