DALLAS, Dec. 21, 2022 - JLL Capital Markets announced today that it has closed the sale of Westside 35, a two-building industrial park totaling 540,324 square feet in Fort Worth, Texas.
JLL represented the seller in the sale to CBRE Investment Management.
The recently completed industrial park is fully leased to three tenants, Gulf Relay, Mattel Sales Corp. and Texas Corrugated Box and Packaging. Westside 35 comprises two front-load warehouses with 36' clear heights. Building A offers 59 dock doors, two oversized doors, a 185' truck court, 54 trailer parking spaces and 188 auto spaces. Building B features 50 dock-high doors, two oversized doors, a 185' truck court, 53 trailer parking spaces and 185 auto spaces.
Located at 2555 and 2575 Downing Dr., Westside 35 is proximate to Interstates 35 and 820, essential transportation routes for local and regional distribution. The property is 10 minutes from downtown Fort Worth, 18 minutes from Alliance Airport, 25 minutes from Dallas-Fort Worth Airport and 40 minutes from Downtown Dallas. Furthermore, the Dallas-Fort Worth Metroplex ranks as the 4th largest metro area in the country with over 7.9 million residents. The region's low cost of living and pro-business environment has people and corporations relocating to the area, making it the #1 MSA for projected population growth.
The JLL Capital Markets Industrial team representing the seller was led by Senior Managing Directors Dustin Volz and Stephen Bailey, Directors Dom Espinosa and Zach Riebe and Analysts Matthew Barge and Jake Benalloul.
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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Jones Lang LaSalle Inc. published this content on 21 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 December 2022 09:41:14 UTC.
