News release

New DFW light industrial park trades

JLL Capital Markets arranged the sale of the three-building Southlake Business Park

August 16, 2021

DALLAS, Aug. 16, 2021 – JLL Capital Markets announced today that it has closed the sale of Southlake Business Park, a new, Class A, fully leased, three-building premier light industrial park totaling 182,129 square feet in the infill Dallas-Fort Worth-area community of Southlake, Texas.

JLL represented and marketed the business park on behalf of the seller, Holt Lunsford Commercial Investments. CBRE Global Investors, a global real assets investment management firm, purchased the asset on behalf of one of its investment funds.

The state-of-the-art Southlake Business Park was completed in 2020 and is fully leased to six tenants with an average remaining lease term of 6.7 years. The rear-load buildings feature clear heights ranging from 24 to 28 feet, 63 dock-high doors, 15 percent office finish, ESFR fire protection and ample vehicle parking.

Southlake Business Park is at 415, 419 and 423 Bank St. in an infill location within Southlake, an affluent northwest Dallas suburb. The park has superior access to State Highways 26, 114 and 121, providing tenants the ability to reach the entire DFW Metroplex, which houses 7.5 million residents. The park’s location is three miles from Dallas-Fort Worth International Airport and 20 miles from Dallas Love-Field Airport. The property is also equidistant to both the Dallas and Fort Worth downtowns, which are 23 miles away.

According to JLL Research’s Dallas-Fort Worth Industrial Insight - Q2 2021 report, the Dallas-Fort Worth metro lead the nation in annual population growth in 2020, increasing the amount of space needed to fulfill changes in the number of consumers. The property is within the centrally located DFW Airport Industrial submarket, which has one of the highest asking rents in the Dallas-Fort Worth Industrial market and 7.1 percent vacancy.

The JLL Industrial Capital Markets team that represented the seller was led by Senior Managing Director Dustin Volz, Managing Director Stephen Bailey, Director Dom Espinosa and Analysts Matthew Barge and Wesley Gilmer.

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 advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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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 92,000 as of June 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About Holt Lunsford Commercial Investments 

Holt Lunsford Commercial Investments (“HLCI”) is the investment subsidiary of Holt Lunsford Commercial (“HLC”). Holt Lunsford Commercial manages and leases over 80 million square feet in Dallas, Ft. Worth and Houston. HLCI acquires, develops and operates best-in-class properties to provide superior risk-adjusted returns for its investors and partners. Currently, HLCI has a total portfolio of 3.9 million square feet with an approximate market value of $400 million.

HLCI is a part of a vertically integrated business model that covers the complete property lifecycle from development and construction through to facility and property management. It specializes in the development of core, Class A industrial buildings in addition to the acquisition of value-add office and industrial properties throughout DFW and Houston. For more information about Holt Lunsford Commercial Investments, please visit

About CBRE Global Investors

CBRE Global Investors is a global real assets investment management firm with $129.1 billion in assets under management* as of June 30, 2021. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.

CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2020 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 100,000 employees serving clients in more than 100 countries. For more information about CBRE Global Investors, please visit

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers.