Updated Sep 17, 2026
Kurt Griffin And Nathan Orbin Of JLL Represent Landlord Bandera Ventures And Invesco Real Estate In Wilmer Texas Lease
1900 Southport Parkway & 1701 East Pleasant Run Road
Building Size
1,400,000 SF
Asset Type
Industrial
Closing
Jun 30, 2026
About this deal
AI
The transaction involves an industrial asset located at 1900 Southport Parkway and 1701 East Pleasant Run Road in Wilmer, Texas, encompassing a total square footage of 1,400,000. The asset was leased as part of the Southport Logistics Center.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1900 Southport Parkway & 1701 East Pleasant Run Road
- Market: Wilmer, TX
- Asset Size: 1,400,000 SF
- Landlord: Chuck Anderson, Tom Leiser & Pryor Blackwell - Bandera Ventures; R. Scott Dennis - Invesco Real Estate
- Brokers: Kurt Griffin & Nathan Orbin - JLL
- Tenant: Logistics Plus leased Building 2
This lease transaction achieved full occupancy across Buildings 1 and 2 at the Southport Logistics Center, with JLL acting as the representative for the landlord, a joint venture between Bandera Ventures and Invesco Real Estate.
Players
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