Kroger acquires 56-acre site in south Dallas for future distribution center
JLL completed the acquisition on behalf of the grocer
DALLAS, October 7, 2019 – JLL announced today the firm has successfully completed the acquisition of a 56-acre site in southern Dallas on behalf of Cincinnati-based grocer, The Kroger Company. The site, located along Interstate 20 at the northwest corner of Telephone and Bonnie View roads, is expected to serve as the location for Kroger’s new 360,000-square-foot, state-of-the-art automated distribution center that will service direct-to-consumer home deliveries.
JLL’s Terry Darrow, Elizabeth Jones, Forshey Hoobler and Brian Leonard represented Kroger in the land acquisition. CBRE’s Nathan Lawrence and Krista Raymond represented the seller, a joint venture between Ridgeline and Archway.
“Kroger’s cutting-edge fulfillment center will be a welcome addition to the residents of Dallas and the surrounding area,” said Jones. “Kroger and JLL both strive to expand partnerships and generate greater value for customers. We are proud to play a role in increasing the accessibility of all the quality food and products Kroger sells by helping to expand their footprint and direct-to-consumer expansion in North Texas.”
Development of the project is expected to take 24 months to complete, once construction begins.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com