Lake Washington Partners acquires industrial property in Dallas, TX

 David M. Rubenstein

 DALLAS, TX – JLL Capital has closed the sale of Tradepoint 20/45, a newly completed 418,000-square-foot industrial building in Dallas, Texas.The price was not disclosed.

 JLL represented the buyer, Lake Washington Partners, in the sale from Blumenfeld Development Group and Declaration Partners.

Dustin Volz

The JLL Capital Markets Investment Sales Advisory team representing the buyer was led by Senior Managing Directors Dustin Volz and Stephen Bailey, Executive Managing Director Adam Citron, and Directors Dom Espinosa and Zach Riebe.

 

Tradepoint 20/45, which was completed in early 2022, offers 36’ clear heights, 60’ deep staging bays, 78 dock doors, two ramps, 124 parking spaces and 107 trailed parks.

 

Located at 4831 Cleveland Road Tradepoint 20/45 is positioned 13 miles from downtown Dallas, 18 miles from Dallas Love Field Airport and 33 miles from Dallas/Fort Worth International Airport.

Stephen Bailey

Furthermore, the property has easy access to the Texas Triangle, the area between Dallas-Fort Worth, Houston and San Antonio/Austin. This allows future tenants to reach 25 million residents within a five-hour drive.

 

 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.

Adam Citron

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About Declaration Partners

Declaration Partners is a private investment firm that seeks to be a value-added capital partner and strategic resource to management teams and asset owners where patient, flexible capital provides an advantage. 

Declaration has approximately $2.5 billion in assets under management across its investment strategies, which include real estate, growth equity, platform company investments, fund seeding, and other opportunistic strategies.

 

Anchored by the family office of private equity veteran and philanthropist David M. Rubenstein, Declaration invests on behalf of family offices and like-minded institutional investors.

 

The firm was founded in 2017 and is headquartered in New York with an office in the Washington, DC area.

 

 

Contact:

 

 Cierra Lacasse

 JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email: Cierra.Lacasse@jll.com

jll.com.