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1701 East Pleasant Run Road

Updated Aug 27, 2026

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Logistics Plus Signs Lease For 744,452 Square Feet At Southport Logistics Center In Wilmer Texas
LEASEDIndustrial

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:

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.

Players

Nathan Orbin

JLL

Broker

7 deals

Broker
Invesco Real Estate
Invesco Real EstateLandlord
Logistics Plus
Logistics PlusTenant

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

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