JLL Capital Markets announced today that it has closed the sale of a 186,344-square-foot, last-mile distribution facility triple net leased to Amazon in the Dallas-Fort Worth community of Arlington.
JLL marketed the property on behalf of the seller, Oxford Properties. Realterm acquired the asset.
The building sits on 15.523 acres at 2400 Centennial Drive in Arlington, a mission-critical, last-mile location with easy access to multiple transportation nodes, including Interstates 20 and 30 and SH 161 and 360. These highways connect the tenant to over 25 million customers throughout the Texas Triangle region of Dallas, Houston, San Antonio and Austin. The property is also located in the Great Southwest/Arlington submarket, the most desirable in the Dallas-Fort Worth Metroplex due to its proximity to strong labor pools and major thoroughfares.
Originally constructed in 1987, the facility was most recently upgraded in 2020 with the amenities and characteristics of an Amazon last-mile facility. The front-load building features a 29-foot clear height, 10 dock-high doors, deep truck court, LED lighting, low office finish, 338 van parking spaces and ample employee vehicle parking.
The JLL Capital Markets Investment Sales and Advisory team that represented the seller was led by John Huguenard, Dustin Volz, Trent Agnew, Stephen Bailey, Dom Espinosa, Zach Riebe and Megan Babovec.