DALLAS, Jan. 24, 2022 – JLL Capital Markets and Bradford Commercial Real Estate Services announced today that it has closed the sale of I-20 Corporate Center, a 385,472-square-foot industrial property and headquarters for Diab America within the high-performing South Dallas industrial market in DeSoto, Texas.
JLL marketed the property on behalf of the seller, Bradford Companies. TT Logistics F1, LP acquired the asset.
I20 Corporate Center is home to the North American headquarters for Diab America, a producer of high-performance core materials that can be found in applications worldwide and in industrials such as marine, aerospace, wind energy and transport. The building was constructed in 1986 and expanded in 1992. It offers the tenant clear heights ranging from 28.6 to 33 feet, 21 overhead dock-high loading doors, one drive-up ramp and more than six percent office finish.
Located at 220 E. Danieldale Rd., I20 Corporate Center is just off Interstate 20 with easy connectivity to other major area throughfares, including Interstates 35E and 45 and US Highway 67. From this strategic location, the tenant has access to a highly skilled labor force and 58.6 million residents within a one-day’s drive.
“JLL took on this unique assignment with a high level of enthusiasm and exceeded expectations at exit for Bradford and our high-net-worth partners,” said Kevin J Santaularia, Bradford CEO.
Dallas-Fort Worth’s industrial market continues to set records for its tenant demand and absorption, which is anticipated to continue throughout the year. Situated on 20.55 acres within the institutional South Dallas Industrial submarket, the property is surrounded by 80.11 million square feet of inventory, which, according to JLL Research, had only 6.9 percent vacancy at the end of the fourth quarter of 2021.
The JLL Capital Markets Investment Advisory team representing the seller was led by Managing Director Stephen Bailey, Senior Managing Director Dustin Volz and Analysts Zach Riebe and Pauli Kerr.