Updated Aug 27, 2026
Logistics Plus Signs Lease For 744,452 Square Feet At Southport Logistics Center In Wilmer Texas
1701 East Pleasant Run Road
Building Size
744,452 SF
Asset Type
Industrial
Closing
Aug 13, 2026
About this deal
AI
The property asset involved in the transaction is an industrial space located at 1701 East Pleasant Run Road in Wilmer, TX. The total square footage of the asset is 744,452, and it is part of the Southport Logistics Center, which encompasses a 1.5 million-square-foot industrial development.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Bandera Ventures & Invesco Real Estate
- Tenant: Logistics Plus
- Landlord's Representative: Kurt Griffin & Nathan Orbin - JLL
This lease agreement was facilitated by JLL representatives Kurt Griffin and Nathan Orbin, who acted on behalf of the landlord, a joint venture between Bandera Ventures and Invesco Real Estate. Logistics Plus committed to leasing the entirety of Building 2 within the logistics center.
On the Map
Industrial
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Wilmer Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93