CJ Logistics America Leases 1.1 Million Square Foot Industrial Space In Wilmer Texas

The property involved in this transaction is an industrial asset located at 1501 Southport Parkway, Wilmer, Texas, encompassing a total area of 1,079,395 square feet. The property is part of the Southport Logistics Park, which spans a 252-acre development owned by Logistics Property Company. The tenant occupying the building is CJ Logistics America, which has taken a lease for the entire building.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 1501 Southport Parkway
• Market: Wilmer
• Landlord: James G. Martell - Logistics Property Company
• Tenant: Kevin Coleman - CJ Logistics America
• Landlord's Representatives: Daniel Davidson, J.C. Hay, Jonathan Snow, Max Mueller - Logistics Property Company; John Hendricks & Kacy Jones - CBRE
• Tenant's Representatives: JM Priddy, Melissa Holland, Rob Wheeler & Trevor Ragsdale - JLL

The deal was facilitated with CJ Logistics America leasing the 1.1 million-square-foot Building 1, fully occupying the three-building development. JLL represented the tenant, while CBRE and Logistics Property Company negotiated on behalf of the landlord.