JLL Income Property Trust acquires Dallas industrial distribution center

JLL Income Property Trust, an institutionally managed daily NAV REIT, has acquired a class A, state-of-the-art, industrial distribution center totaling 145,000 square feet located in southwest suburban Dallas.

The property is 100 percent leased to Fruit of the Earth for a period of eight years running through January 2027.

Dallas-Fort Worth is the third-largest industrial market in the United States by square footage, posting a low 5.7 percent vacancy rate at the end of 2018, and is known as the nation’s largest inland port with excellent access to major highways, rail lines and the airport. The property is located five miles south of DFW International Airport in the Great Southwest submarket and is centrally located between Dallas and Fort Worth, making it attractive to local distributors and national companies alike.