Sale of a newly constructed, Class A industrial facility closes in South Dallas
JLL Capital Markets led sales efforts for Southfield Park 35 – Building 5 in Texas
DALLAS, Oct. 25, 2023 – JLL Capital Markets announced today that it represented the seller in the sale of Southfield Park 35 – Building 5, an industrial facility totalling 489,310 square feet in DeSoto, Texas. The property, developed by Seefried Industrial Properties and Affinius Capital, was delivered in September 2022.
Situated on 33.91 acres, the best-in-class asset features 40-foot heights, 185-foot truck court depths, 117 dock doors and 144 trailer parking spaces with the ability to create an additional 50 trailer parks.
Strategically located in the South Dallas industrial submarket, the property benefits from access to many of the major population centers in Dallas-Fort Worth. The facility is located 1.2 miles from I-20 and 2.3 miles from I-35E, which serve as major local, regional, and national arteries for logistics and transportation across markets.
The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Trent Agnew, Directors Tom Weber and Pauli Kerr, Senior Director Parker McCormack, Associate Matthew Barge, and Analyst Keenan Ryan.
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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About Seefried Industrial Properties
Founded in 1984 by Ferdinand Seefried, Seefried Industrial Properties is a privately held real estate firm that focuses on the development, leasing and management of industrial properties across the United States. The firm primarily focuses on development in core industrial markets and build-to-suits with tenants in core and second-tier markets. Seefried leases and manages approximately 25 million square feet for its institutional and European clients and has developed over 200 million square feet of space valued in excess of $18 billion across 100+ cities. Based in Atlanta, the firm has regional offices in Dallas, Chicago, Los Angeles, and Phoenix. For more information, please visit www.seefriedproperties.com.
About Affinius Capital
Affinius Capital® (previously known as USAA Real Estate and Square Mile Capital Management) is an integrated institutional real estate investment firm focused on value-creation and income generation. With a 40-year track record and $33 billion in net assets under management, Affinius has a diversified portfolio across North America and Europe providing both equity and credit to its trusted partners and on behalf of its institutional clients globally. For more information, visit www.affiniuscapital.com.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.