Alta Warehousing & Logistics Leases 392,066 Square Feet In Wilmer From Griffin Partners
Building Size
392,066 SF
Asset Type
Industrial
Closing
May 5, 2026
AI
The asset involved in the transaction is an industrial property located at 2700 & 2800 South Millers Ferry Road in Wilmer. The total square footage of the asset is 392,066, which comprises the entirety of Building 2 within a 568,868-square-foot industrial development. The lease was secured by Alta Warehousing & Logistics, occupying space in a key Dallas submarket.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 392,066
- Address: 2700 & 2800 South Millers Ferry Road
- Market: Wilmer
- Landlord: Edward Griffin - Griffin Partners
- Tenant: Alta Warehousing & Logistics
- Landlord's Representative: Ben Wallace - Colliers
- Tenant's Representative: James Friedrich - Cresa
This transaction highlights the sustained demand from logistics users for large-scale distribution spaces. Key individuals involved in this lease include Edward Griffin as the landlord, with his agency Griffin Partners; while Ben Wallace represented the landlord through Colliers. The tenant, Alta Warehousing & Logistics, was represented by James Friedrich from Cresa.
Players
Market 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