Supply chain transportation and logistics management firm establishes new location in North Texas
JLL successfully negotiates sublease for Gulf Relay
DALLAS, May 16, 2019 – JLL announced today the firm successfully negotiated a 134,924-square-foot industrial sublease on behalf of logistics technology company Gulf Relay. This is the Jackson, Mississippi-based company’s second location. The logistics firm is backfilling the space previously vacated by Panasonic after the company relocated their divisional operations.
JLL Vice Presidents Chris Stout and Elizabeth Jones represented the tenant in the lease negotiation for their new 330 S Royal Lane location in Coppell, Texas.
“DFW’s central location, infrastructure and deep, diverse labor pool make us an extremely attractive market for logistics firms,” said Stout. “This is a win-win situation for all those involved.”
According to JLL Research, the DFW Airport industrial submarket has established itself as one the largest in North Texas in terms of the number of logistics tenants with 18.5 million square feet of positive net absorption over the past decade.
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 over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com