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Texas  + Industrial  |  January 7, 2021
Paul Bubny
By: Paul Bubny

JLL Closes Sale of Industrial Park Near DFW Airport

JLL Capital Markets closed the sale of Gateway Logistics Center, a five-building, 1.4-million-square-foot industrial park situated at the gateway to Dallas-Fort Worth International Airport in Irving. Terms of the transaction weren’t disclosed.
 
JLL worked on behalf of the seller, Bandera Ventures and Long Wharf Capital. BentallGreenOak acquired the industrial park on behalf on an institutional investor.
 
Developed by the seller, Gateway Logistics Center was completed in 2019 and is leased to a roster of household name tenants. The property is located near the south entrance of DFW Airport in one of the most sought-after industrial submarkets in the Dallas-Fort Worth area.
 
The JLL Capital Markets Investment Advisory team representing the seller was led by managing director Dustin Volz, senior director Stephen Bailey, executive managing director Jody Thornton and analysts Zach Riebe and Wells Waller.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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