{"id":1004740454,"date":"2024-12-12T03:58:48","date_gmt":"2024-12-12T11:58:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004740454"},"modified":"2024-12-12T03:58:50","modified_gmt":"2024-12-12T11:58:50","slug":"logistics-property-co-lands-1-1-msf-tenant","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/logistics-property-co-lands-1-1-msf-tenant\/","title":{"rendered":"Logistics Property Co. Lands 1.1 MSF Tenant"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Building-1-at-Southport-Logistics-Park.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004740458\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/logistics-property-co-lands-1-1-msf-tenant\/building-1-at-southport-logistics-park\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Building-1-at-Southport-Logistics-Park.jpg\" data-orig-size=\"1227,920\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Building 1 at Southport Logistics Park\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Southport Logistics Park\u2019s Building 1 has a a 36-foot clear height and 200 dock doors. Image courtesy of Logistics Property Co.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Building-1-at-Southport-Logistics-Park.jpg?w=1024\" height=\"768\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Building-1-at-Southport-Logistics-Park.jpg?w=1024\" alt=\"Exterior shot of Building 1 at Southport Logistics Park in Wilmer, Texas.\" class=\"wp-image-1004740458\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Building-1-at-Southport-Logistics-Park.jpg 1227w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Building-1-at-Southport-Logistics-Park.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Building-1-at-Southport-Logistics-Park.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Building-1-at-Southport-Logistics-Park.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">Southport Logistics Park&#8217;s Building 1 has a a 36-foot clear height and 200 dock doors. <em>Image courtesy of Logistics Property Co.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>CJ Logistics America has leased Southport Logistics Park&#8217;s Building 1, a 1.1 million-square-foot warehouse in Wilmer, Texas, The three-building, 252-acre development owned by Logistics Property Co. is now fully leased.<\/p>\n\n\n\n<p>The commitment marks an expansion for the supply chain subsidiary of South Korea-based CJ Group. The logistics firm also has a warehouse at 1501 Southport Parkway in Wilmer, less than 2 miles from the new location.<\/p>\n\n\n\n<p>JLL&#8217;s Rob Wheeler, Trevor Ragsdale, Melissa Holland and JM Priddy of JLL represented the tenant. Kacy Jones and John Hendricks of CBRE, together with Max Mueller, Daniel Davidson, Jonathan Snow and J.C. Hay of LogiPropCo, negotiated on behalf of the owner.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-south-dallas-industrial-campus\">A South Dallas industrial campus<\/h2>\n\n\n\n<p>Located in the South Dallas submarket, Southport Logistics Park is 1 mile east of Interstate 45, 5 miles south of Interstate 20 and across from the Union Pacific Dallas Intermodal Terminal. Downtown Dallas is some 15 miles away.<\/p>\n\n\n\n<p>Building 1 is a cross-dock facility with a 36-foot clear height, 200 dock doors, 376 car stalls, 306 trailer stalls, 60-foot staging area, 570-foot building depth, 54-foot by 50-foot column spacing and an ESFR fire suppression system.<\/p>\n\n\n\n<p>LogiPropCo <a href=\"https:\/\/www.commercialsearch.com\/news\/nike-leases-1-msf-dallas-area-warehouse\/\">signed Nike as a tenant<\/a> for the 1 million-square-foot Building 3 in January 2023 and there is still a build-to-suit opportunity for a facility of up to 935,000 square feet. When complete, Southport Logistics Park will encompass more than 3.6 million square feet, according to CBRE. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-growing-industrial-portfolio\">Growing industrial portfolio<\/h2>\n\n\n\n<p>Chicago-based LogiPropCo focuses on the acquisition, development and management of logistics properties in key North American markets. Its portfolio comprises 57 buildings totaling 23.9 million square feet, with an estimated value of more than $4.1 billion.<\/p>\n\n\n\n<p>The firm has made other investments in Texas, including its <a href=\"https:\/\/www.commercialsearch.com\/news\/logistics-property-breaks-ground-on-1st-austin-project\/\">first foray into Austin<\/a> this summer. The company broke ground on a two-building, 408,160-square-foot development in July, with delivery expected in the second quarter of 2025.<\/p>\n\n\n\n<p>A month earlier, LogiPropCo <a href=\"https:\/\/www.commercialsearch.com\/news\/cj-logistics-kobc-to-invest-457m-in-us-distribution-facilities\/\">signed a full-building, 550,000-square-foot lease<\/a> with DW Distribution for its Southern Star Logistics Park in Midlothian, Texas. The agreement also included 25 acres of adjacent outdoor storage land, as well as dual-rail service.<\/p>\n\n\n\n<p>Elsewhere in the U.S., the firm completed its <a href=\"https:\/\/www.commercialsearch.com\/news\/logistics-property-completes-its-1st-phoenix-campus\/\">first industrial development in metro Phoenix<\/a>. The 615,000-square-foot speculative campus in Mesa, Ariz., has facilities ranging from 93,000 to 290,000 square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The deal brings this Dallas industrial campus to full occupancy.<\/p>\n","protected":false},"author":1068,"featured_media":1004740458,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1586,21748,21742,51973],"tags":[42788],"class_list":["post-1004740454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-dallas","category-industrial","category-latest","category-southwest","tag-logistics-property-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Logistics Property Co. 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