JLL to Offer RREEF Industrial Space for Sale

Jones Lang LaSalle Inc. has announced it will exclusively market RREEF’s eight-building, fully leased Centreport/Valwood industrial portfolio in the Greater Dallas/Fort Worth area. The portfolio is made up of 1.34 million square feet located in two state-of-the-art industrial parks.The Jones Lang LaSalle team is helmed by Cary Krier along with Jack Crews, Evan Stone and Seth Bame. The sale is due to RREEF’s interest in “rebalancing” its portfolio, according to Krier.Five buildings totaling 887,703 square feet are strategically located within the Centreport industrial development, adjacent to south entrance of the Dallas/Fort Worth International Airport. The remaining three buildings are within the Valwood Industrial Park at the northwest corner of Interstate 35 and the 635 interchange.The portfolio averages clear heights of 24 feet and an average of 19 percent office finish-out. Tenants include AMR, Adams Respiratory Therapeutics, Carolina Logistics, Celestica, Home Depot and Siemens. ###