JLL Capital Markets Closes Sale of DFW Industrial Park in Irving

Chicago-based JLL Capital Markets (NYSE: JLL) announced today it has closed the sale of DFW Park 161 in Irving, according to a news release.

Comprised of three buildings, DFW Park 161 is a fully leased Class A++ industrial park totaling 1 million square feet that is located next to DFW International Airport.

JLL marketed the property on behalf of the Dallas-based sellers Invesco Real Estate (NYSE: IVZ) and Perot Development Company. New York City-based BentallGreenOak acquired the asset on behalf of an institutional investor.

According to the release, the industrial park is one of DFW’s top business parks due to its construction and distribution location. The property offers space for four tenants with features and amenities including heights ranging from 32 to 36 feet, 227 dock-high doors, eight drive-in doors, parking, low office finish, ESFR fire protection, and LED lighting.

Read the full article at Dallas Business Journal.