JLL Capital Markets negotiated the sale of Midpoint Logistics Center, two newly constructed, Class-A industrial buildings totaling 1,600,445 square feet in Lancaster, Texas, approximately 20 minutes south of Downtown Dallas.
JLL worked on behalf of the seller, Panattoni Development Company, which developed the properties, in the sale.
Completed in 2023, Midpoint Logistics Center comprises two state-of-the-art, cross-dock distribution facilities featuring 38- to 40-foot clear heights, ESFR sprinkler systems, LED lighting, high-quality office finish and ample trailer and vehicle parking. The two buildings are 100% leased to two credit tenants: DSV Solutions, LLC, a global logistics company, and Electrolux Consumer Products, Inc., a global appliance manufacturer.
Located at 3501 Midpoint Dr. & 3803 N. Dallas Ave. in Lancaster, Texas, the buildings are strategically positioned between I-35 and I-45, providing excellent access for regional and national distribution. Additionally, the park’s location in the thriving South Dallas submarket allows tenants to benefit from the area’s robust population growth, skilled labor force and proximity to major transportation corridors.
The JLL Investment Sales and Advisory team was led by Senior Managing Director Trent Agnew, Senior Directors Tom Weber and Parker McCormack, Director Pauli Kerr, Associate Matthew Barge and Analyst Brennan Fewin.
