JLL Arranges Sale of Dallas Industrial Asset
- Mar 08, 2018
Polk Street Industrial has acquired a regional manufacturing and distribution asset in South Dallas from Linron Properties. JLL’s Industrial Capital Markets team of Dustin Volz, Zane Marcell and Grant Matthews represented the seller in the transaction.
Located at 4949 Joseph Hardin Drive, the facility comprises 289,000 square feet, as well as 10 acres of laydown yard, fully utilized rail access and an additional 24 acres of land contiguous to the facility and yard. The property is within close proximity to downtown Dallas, Union Pacific Intermodal Terminal and interstates 20, 30 and 35.
“4949 Joseph Hardin is an extraordinary manufacturing facility with both direct rail access and laydown yard in an in-fill submarket that will allow ownership to grow with the tenant’s needs,” said Marcell, in a prepared statement. “The region’s strong fundamentals and its accessibility to several major interstate systems provide ownership a tremendous opportunity to capitalize on the region’s continued growth and diverse employee base.”
Image courtesy of JLL