Jones Lang LaSalle Incorporated : Investor purchases Class A distribution center in Fort Worth to expand Texas footprint

DALLAS, Jan. 5, 2021 - JLL Capital Markets announced today that it has closed the sale of Everman Crossroads, a 954,610-square-foot, two building industrial distribution center located in the one of Dallas-Fort-Worth's best performing industrial submarkets in Fort Worth, Texas.

JLL marketed the property on behalf of the seller, a partnership between Bandera Ventures and Invesco Real Estate, a global real estate investment manager. MDH Partners acquired the asset as part of its ongoing strategy to increase its Texas footprint.

The two buildings were completed in November 2021 and feature best-in-class construction quality and design that tenants desire. Everman Crossroads is 32 percent leased with building one fully leased to Purina, while building two was sold vacant. Building one totals 310,292 square feet and offers a 36-foot clear height, 88 dock doors, 109 trailer spaces and 172 parking spaces. Building two totals 644,318 square feet with a clear height of 40 feet, 142 dock doors, 182 trailer spaces and 225 parking spaces.

Located at 8400 Oak Grove and 1401 Everman Parkway, Everman Crossroads is 30 miles from the Dallas-Fort-Worth International Airport. The property has north-south access to the DFW Metroplex via Interstate 35 West and east-west access via interstate 20.

Everman Crossroads was sourced by Marty McFarland at Bandera Ventures who was represented by Randy Touchstone, an Executive Vice President at JLL.

The JLL Capital Markets Investment Sales and Advisory team that represented the seller was led by Senior Managing Directors Dustin Volz, Managing Director Stephen Bailey, Director Dom Espinosa and Analysts Zach Riebe and Matthew Barge.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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