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Texas  + Dallas-Fort Worth  + Industrial  |  August 19, 2021
Southlake Business Park
Lisa Brown
By: Lisa Brown

Southlake Business Park Sells to CBRE Global Investors Fund

Southlake Business Park, a class-A fully leased three-building light industrial park totaling 182,129 square feet in the infill community of Southlake, recently sold for an undisclosed purchase price. CBRE Global Investors purchased the asset on behalf of one of its investment funds.

The park was completed in 2020 and is fully leased to six tenants with an average remaining lease term of 6.7 years.

Southlake Business Park is located at 415, 419 and 423 Bank St. The property is within the centrally located DFW Airport Industrial submarket, which has one of the highest asking rents in the Dallas-Fort Worth Industrial market and 7.1 percent vacancy.

JLL represented and marketed the business park on behalf of the seller, Holt Lunsford Commercial Investments. According to JLL Research’s Industrial Insight second quarter 2021 report, the DFW metro led the nation in annual population growth in 2020.

The JLL seller team was led by Dustin Volz, Stephen Bailey, Dom Espinosa, Matthew Barge and Wesley Gilmer.

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Inside The Story

Dustin Volz

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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