 |
| 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 |
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 |
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
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