{"id":1004564322,"date":"2022-01-21T06:38:00","date_gmt":"2022-01-21T14:38:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004564322"},"modified":"2022-12-08T16:36:48","modified_gmt":"2022-12-09T00:36:48","slug":"sentinel-capital-sells-dfw-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sentinel-capital-sells-dfw-industrial-asset\/","title":{"rendered":"Sentinel Capital Sells DFW Industrial Asset"},"content":{"rendered":"
\"\"<\/a>

KONE Industrial Facility. Image courtesy of JLL Capital Markets<\/p><\/div>\n

Sentinel Capital<\/strong> has sold KONE Industrial Facility, a two-building, fully leased complex totaling 144,128 square feet in Allen, Texas. Dallas-based senior housing developer, <\/span>Tradition Senior Living<\/strong>, acquired the single-tenant industrial and research space in the North Dallas suburb. <\/span>JLL Capital Markets <\/strong>worked on behalf of the seller.<\/span><\/p>\n

The new owner secured a $14.9 million acquisition loan originated by Great Southern Bank<\/strong>, according to Collin County records. The full-building tenant, KONE, an international elevator and escalator provider, will continue to occupy the buildings over the next five years. The 2016-built complex is used for processes, such as project engineering and R&D, while it also serves as a supply operations hub for the Americas.<\/p>\n

The mixed-use facility sits on more than 6 acres at 460-500 Century Parkway and includes a 121,852-square-foot industrial component and a seven-story research building with an office space totaling 22,276 square feet. The industrial building features a 28-foot clear height, four dock-high doors and a single drive-in door.<\/p>\n

KONE Industrial Facility is less than a mile away from Highway 75, within 6 miles of State Highway 121 and some 7 miles from State Highway 190. Downtown Dallas is roughly 25 miles southwest.<\/p>\n

DFW industrial sector<\/h2>\n

The thriving industrial sector continues to attract investors, along with e-commerce and logistics tenants, to the Metroplex. According to JLL data, due to increased demand, 37.3 million square feet of industrial space has been absorbed in 2021, a 53.4 percent boost compared to the previous year.<\/p>\n

In the fourth quarter of 2021, Dallas-Fort Worth remained in the nationwide lead, with 40 million square feet of industrial space underway. Recently, Urban Logistics Realty announced plans to develop a 440,663-square-foot industrial park<\/a> in Denton, Texas. Meanwhile, as a first time developer in the metro, TRG, is set to build a 1.6 million square-foot complex<\/a> dubbed CORE45 in Wilmer, Texas.<\/p>\n","protected":false},"excerpt":{"rendered":"

JLL Capital Markets facilitated the transaction.<\/p>\n","protected":false},"author":1763,"featured_media":1004564323,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21748,21783,21742],"tags":[44006],"class_list":["post-1004564322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-industrial","category-investment","category-latest","tag-jll-capital-markets"],"acf":[],"yoast_head":"\nSentinel Capital Sells DFW Industrial Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"A senior housing developer acquired Kone Industrial Facility through a transaction facilitated by JLL Capital Markets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/sentinel-capital-sells-dfw-industrial-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sentinel Capital Sells DFW Industrial Asset\" \/>\n<meta property=\"og:description\" content=\"A senior housing developer acquired Kone Industrial Facility through a transaction facilitated by JLL Capital Markets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/sentinel-capital-sells-dfw-industrial-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-21T14:38:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:36:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/KONE-Industrial-Facility.-Image-courtesy-of-JLL-Capital-Markets-e1642690871672.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Agota Felhazi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sentinel-capital-sells-dfw-industrial-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/sentinel-capital-sells-dfw-industrial-asset\/\",\"name\":\"Sentinel Capital Sells DFW Industrial Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sentinel-capital-sells-dfw-industrial-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sentinel-capital-sells-dfw-industrial-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/KONE-Industrial-Facility.-Image-courtesy-of-JLL-Capital-Markets-e1642690871672.jpg\",\"datePublished\":\"2022-01-21T14:38:00+00:00\",\"dateModified\":\"2022-12-09T00:36:48+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/bd1ef74130b86a7c6013eaa04b08b28d\"},\"description\":\"A senior housing developer acquired Kone Industrial Facility through a transaction facilitated by JLL Capital Markets.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sentinel-capital-sells-dfw-industrial-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/sentinel-capital-sells-dfw-industrial-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sentinel-capital-sells-dfw-industrial-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/KONE-Industrial-Facility.-Image-courtesy-of-JLL-Capital-Markets-e1642690871672.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/KONE-Industrial-Facility.-Image-courtesy-of-JLL-Capital-Markets-e1642690871672.jpg\",\"width\":827,\"height\":620,\"caption\":\"KONE Industrial Facility. 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