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2700 & 2800 South Millers F...

Alta Warehousing & Logistics Leases 392,066 Square Feet In Wilmer From Griffin Partners
LEASEDIndustrial

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

Ben Wallace

Colliers

Broker

3 deals

Broker
Edward Griffin

Edward Griffin

Griffin Partners

Landlord

2 deals

Landlord
AL
Alta Warehousing & LogisticsTenant

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