Dallas/Fort Worth

Orgill Distribution Center, 550,000-square-foot class-A facility, will soon expand by almost 329,000 square feet by mid-2019 in response to growing e-commerce logistics demands.

The second tranche of the purchase involves an unidentified property that is currently under construction. When the purchase of that property closes, the deal will bring the total five-property portfolio to change hands at 531 units and the total purchase price at $130 million.

Dallas will play a key role in the ramp-up phase as one of the fastest-growing cities in the US, thus requiring more data centers to cater to last-mile delivery closer to customers.

Following the shoe store company's bankruptcy filing and decision to close all of its North American locations, the real estate advisory firm will manage a series of auctions.

While the energy sector slowdown of 2014/2015, and relocations by XTO to Houston and DR Horton to Arlington were headline stories, downtown has weathered the perceived storms, JLL observes.

The Alliance submarket remains a top industrial submarket and recent acquisitions bear that out, such as Transwestern Investment Group's recent acquisition of a 1.2 million-square-foot industrial property.

“There are a range of units and options we discuss with landlords.”

SkyWalker Property Partners closed on its largest acquisition to date when its value-add fund, When Opportunity Knocks, acquired a 227,891-square-foot office building with clear visibility on LBJ Freeway.