JV Sells DFW Industrial Facility
- Nov 29, 2017
A joint venture between Ridgeline Property Group and Stockbridge Capital Group disposed of Eagle Park 20/35, a logistical center in DeSoto, Texas, to Morgan Stanley. JLL’s Dustin Volz and John Huguenard represented both parties in the transaction.
Located at 1240 East Centre Park Blvd., the 454,408-square-foot industrial property is situated on 29.5 acres. The building features 213 parking spaces, 32-foot clear heights, six-inch floor thickness, insulated ceilings, a mezzanine level, 50-foot by 54-foot column spacing, ESFR fire sprinklers, climate control, cross docks, dock leveler, dock bumpers and 185-foot truck court, according to Yardi Matrix. Eagle Park 20/35 is a recently constructed Class A distribution facility, centrally located 15 minutes from downtown Dallas and adjacent to interstates 20 and 35.
“Eagle Park 20/35 is located in one of the nation’s most active submarkets,” said Volz, in a prepared statement. “DFW’s continued economic and population growth makes this asset a tremendous value. Additionally, the accessibility to the major interstate systems and its strategic placement within the region has the building positioned for substantial long-term upside.”
Image courtesy of JLL