JLL Capital Markets closed the sale of the Texas Tri-Pack, a three-asset industrial portfolio totaling 200,343 square feet located in Dallas-Fort Worth and Houston markets.
JLL represented the seller, Circle Industrial, in the transaction, with BKM Capital Partners acquiring the assets.
The portfolio comprises 11 buildings across three properties: Plaza Circle II (68,043 square feet across four buildings) at 11048-11056 Shady Trail in Dallas-Fort Worth’s South Stemmons submarket, GSW Circle I (73,600 square feet across five buildings) at 2125-2133 S. Great Southwest Pkwy. in the Great Southwest area of Grand Prairie, and Kinghurst Circle (58,700 square feet across two buildings) at 10849-10899 Kinghurst Dr. in Houston’s Southwest Corridor. The assets are currently 98% leased to 64 diverse tenants with an average suite size of 2,990 square feet.
The 1981 and 1986 vintage properties feature functional industrial configurations with clear heights ranging from 14 to 18 feet and diverse loading capabilities including dock-high doors, semi-dock doors and grade-level doors totaling 87 loading positions across the portfolio.
The assets capitalize on their proximity to major highways, airports and urban centers within two of the nation’s fastest-growing regions, offering tenants unparalleled access to both consumer markets and labor pools across the expansive Texas Triangle megalopolis.
The JLL Capital Markets team was led by Industrial Group Co-Head and Senior Managing Director Trent Agnew, Managing Director Charlie Strauss, Senior Director Tom Weber, Directors Pauli Kerr and Lance Young and Analysts Brennan Fewin and Alex Fronterhouse.
