Regional logistics center near Dallas trades
JLL Capital Markets closed the sale of Logistics Center at McKinney on behalf of Core5 Industrial Partners
DALLAS, Sept. 27, 2021 – JLL Capital Markets announced today that it has closed the sale of Logistics Center at McKinney, a 431,628-square-foot logistics center in McKinney, Texas.
JLL worked on behalf of the seller, Core5 Industrial Partners, to complete the sale to the buyer, Thor Equities.
Logistic Center at McKinney comprises two buildings totaling 431,710 square feet. Building A totals 129,914 square feet and Building B totals 301,796 square feet. Both buildings could accommodate a single tenant use or demising into multi-tenant suites. The property features desirable Class A amenities and building designs. Building A features one bay at 40 feet, four bays at 50 feet and 10 bays at 54 feet. Building B offers five bays at 50 feet, one bay at 60 feet and 18 bays at 54 feet. Both building offer rear loading, ESFR sprinklers and a 130 foot concrete truck apron.
Situated at 3827 North McDonald St., Logistics Center at McKinney offers direct access to State Route-75, allowing connectivity to the greater Dallas Fort Worth area.
The JLL Industrial Capital Markets team representing the seller was led by Senior Managing Director Dustin Volz, Managing Director Stephen Bailey, Director Dom Espinosa 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 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 jll.com.
About Core5 Industrial Partners
Core5 Industrial Partners is an industrial real estate property company with expertise in development of Class-A properties featuring the latest innovations throughout the United States. Headquartered in Atlanta, Georgia, Core5 has development activity in Atlanta, Chicago, Cincinnati/Northern Kentucky, Columbus, Dallas, Houston, Indianapolis, Los Angeles/Inland Empire, Louisville, Memphis, Nashville, Pennsylvania and South New Jersey with expansion plans to additional key logistic hubs in the US. Founded in 2015, the company has developed or begun construction on 35 million square feet since inception.
About Thor Equities Group
Thor Equities is a leader in the development, leasing and management of office, industrial, laboratory, residential, hotel and mixed-use assets in premier urban locations worldwide. The company operates in major cities around the globe and has a property portfolio totaling $20 billion with a development pipeline in excess of 50 million square feet. Thor has a strong presence on three continents and in addition to its US holdings, the company has assets in European gateway cities including London, Paris, Madrid, and Milan, and is the largest developer in Mexico through its Latin American division with a development pipeline of over 18 million square feet. Thor maximizes returns for institutional investors by recognizing a property’s potential, reducing operating expenses, increasing tenant satisfaction, leveraging market trends to maintain a long-term competitive edge. For more information, visit www.thorequities.com.