JLL’s capital markets team has closed the sale of Gateway Logistics Center, a five-building, 1.4-million-square-foot, Class A++, state-of-the-art industrial park situated at the gateway to Dallas-Fort Worth International Airport in Irving, Texas.
JLL worked on behalf of the seller, Bandera Ventures and Long Wharf Capital. BentallGreenOak acquired the industrial park on behalf on an institutional investor. Terms of the deal were not disclosed.
Developed by the seller, Gateway Logistics Center was completed in 2019 and is leased to a roster of household name tenants. The property is located near the south entrance of DFW Airport in one of the most desirable industrial submarkets in the Dallas-Fort Worth area.
The JLL capital markets investment advisory team representing the seller was led by managing director Dustin Volz, senior director Stephen Bailey, executive managing director Jody Thornton and analysts Zach Riebe and Wells Waller.
