Thursday, May 27, 2021

Philadelphia investor acquires light industrial park in Dallas, TX

Pauli Kerr

DALLAS, TX,  May 27, 2021 – JLL Capital Markets announced today that it has closed the sale of Stoneridge Business Park, a three-building light industrial park totaling 171,025 square feet in Dallas, Texas. 

 JLL marketed the property on behalf of the seller, MoxieBridge. Arden Group acquired the asset.

Stephen Bailey

Stoneridge Business Park comprises the buildings at 2550 Beckleymeade Ave., and 9050 and 9110 Autobahn Dr. within the thriving, infill South Dallas Industrial submarket.

The park is located just off of Interstate 20 with immediate access to Interstate 35E, State Highway 67 and Interstate 45, providing direct connectivity to the metro’s primary transportation arteries and excellent access to a large highly skilled labor pool.

 Constructed in 1987, Stoneridge Business Park features clear heights ranging from 18 to 20 feet, 24 dock-high doors, seven drive-in doors, 58% office finish and ample parking. The park is 83.3% leased to 15 tenants.

Dustin Volz

The JLL Industrial Capital Markets team that represented the seller was led by Managing Director Stephen Bailey, Senior Managing Director Dustin Volz, Associate Adam Roossien and Analyst Pauli Kerr.

 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 advisory, debt placement, equity placement or a recapitalization. 

Adam Roossien
 
The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

 For more news, videos and research resources on JLL, please visit our newsroom.

 About MoxieBridge

MoxieBridge invests primarily through the acquisition of industrial and other commercial real estate assets. The company’s disciplined and efficient process of sourcing, evaluating and executing each investment both drives investor returns and creates better places for the communities it serves.

 Stoneridge Business Park, a three-building,
light industrial facility in Dallas, TX


CONTACT:

Kimberly Steele

PR, Capital Markets,

 Agency Leasing and Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com

ardengroup.com.

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