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LKQ Corp. Leases 523,260 SF Industrial Space At DFW Park 161 In Irving, Texas

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LEASED
Kurt Griffin
Jacob Bobek
+ 1

Texas

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Industrial523,260 SF
Leased 08/25/2023
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LEASED

LKQ Corp. Leases 523,260 SF Industrial Space At DFW Park 161 In Irving, Texas

2900 State Hwy 161 Irving, TX 75038, USA

See Similar Deals
Industrial523,260 SF
Leased 08/25/2023
Kurt Griffin
Jacob Bobek
+ 1
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:523,260 SF
Transaction Type:Lease

The industrial property located at 2900 State Highway 161 in Irving, Texas, has been leased by LKQ Corp. The asset comprises 523,260 square feet and is part of the DFW Park 161 industrial campus developed by Perot Development Co. and Invesco Real Estate. The Logistics Center 12 facility is situated within a 197-acre development, which also houses tenants such as Amazon and Pitney Bowes.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 2900 State Highway 161
  • Market: Irving
  • Square Footage: 523,260
  • Landlord: Perot Development Co - Patrick T. Perot; Invesco Real Estate
  • Tenant: LKQ Corp.
  • Landlord's Rep: Kurt Griffin & Nathan Orbin - JLL
  • Tenant's Rep: Jacob Bobek & Timothy Vogds - CBRE

The lease of the property was facilitated by Jacob Bobek and Timothy Vogds of CBRE, who represented LKQ Corp. On the other side, Kurt Griffin and Nathan Orbin of JLL acted as the landlord's representatives for Perot Development Co and Invesco Real Estate. The transaction brings LKQ Corp. into the vibrant industrial community at DFW Park 161, joining other notable tenants in the area.

Players

Nathan Orbin
6 deals
BROKER

Kurt Griffin
JLL
5 deals(214) 438-6372
BROKER



Invesco Real Estate
LENDER


Details

LEASED
IMAGE: Jacob Bobek, Timothy Vogds, Kurt Griffin, Nathan Orbin & Patrick T. Perot DATE: 08/25/2023 ADDRESS: 2900 State Highway 161 MARKET: Irving ASSET TYPE: Industrial ~ SF: 523,260 LANDLORD: Perot Development Co - Patrick T. Perot; Invesco Real Estate TENANT: LKQ Corp. (@LKQCorp) LANDLORD'S REP: Kurt Griffin & Nathan Orbin - JLL (@JLL) TENANT'S REP: Jacob Bobek & Timothy Vogds - CBRE (@CBRE) NOTE: LKQ Corp. will occupy 523,260 square feet at DFW Park 161, an industrial campus in Irving, Texas, developed by Perot Development Co. and Invesco Real Estate. The Logistics Center 12 facility is part of the 197-acre development, hosting tenants like Amazon and Pitney Bowes.

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Deal Type
Effective Rent (Annual)

$29,992,947.44

Total Lease Value

$299,929,474.43

Net Landlord Cash Flow$29,992,947.44