Jones Lang LaSalle Incorporated : Single-tenant industrial building sells to MDH Partners

DALLAS, June 21, 2021 -JLL Capital Markets announced today that it has closed the sale of Bronze Way Distribution Center, a fully leased, 154,000-square-foot, single-tenant industrial distribution center within an infill urban industrial market in Dallas, Texas.

JLL marketed the property on behalf of the seller, Huntington Industrial Partners. MDH Partners acquired the asset as part of its ongoing strategy to increase its Texas footprint.

'Dallas-Fort Worth boasts one of the hottest industrial markets in the country, and as industrial demand continues to accelerate, we're focused on strategically growing our footprint throughout the region - illustrated by several of our recent deals across the state of Texas,' said Georga Rowe, Managing Director of acquisitions at MDH Partners. 'Distribution tenants need to be close to customers and a robust labor pool, and DFW offers the best of both worlds. As population grows and industrial demand consistently outpaces supply, we expect this market will continue to outperform other top metros.'

Bronze Way Distribution Center is situated on 7.9 acres at 4707 Bronze Way. This premium, infill location within the South Dallas Industrial market allows for exceptional regional accessibility via its proximity to major interstate highways, including Interstates 35E, 20 and 45 and US Hwy 67, and access to downtown Dallas, Dallas-Fort Worth International Airport, Dallas Love-Field and Union Pacific Dallas Intermodal Terminal. Tenants can reach a population of 7.5 million within the Dallas-Fort Worth area and an additional 58.6 million people within a one-day drive.

The front-load building was completed in 1978 and features a clear height ranging from 22 to 24 feet, 20 overhead dock-high loading doors, three drive-in doors and low office finish. The facility acts as a mission-critical location for its tenant, Boise Cascade Co., a wood and building materials distributor.

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

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