JLL Capital Markets has arranged a joint venture equity partnership for the development at 2800 Skyline Drive, a to-be-built, Class-A industrial building totaling 756,668 square feet in Mesquite, Texas.
JLL worked on behalf of the sponsor, Dallas-based Capstar Real Estate Advisors, to arrange the joint venture equity partnership with a confidential capital provider.
The development has an expected delivery in the first quarter of 2025, and the building will feature 40-foot clear height, 109 dock-high doors, 351 car parks and 134 trailer parking spaces. The building will be situated on a 40.43-acre parcel and is fully pre-leased to one of the top manufacturers of solar panels in the world.
The facility will be utilized for distribution to support the company’s manufacturing operation next door, at 3000 Skyline Dr. The project is expected to break ground in the first quarter of this year.
2800 Skyline Drive is located within the East Dallas submarket, a highly coveted institutional submarket experiencing tremendous growth with over 4 million square feet of BTS projects delivered over the last three years.
The JLL Capital Markets Industrial Team was led by Jody Thornton, Trent Agnew, Tom Weber and Greer Shetler.
