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DSV Contract Logistics Leases 1 Million Square Foot Industrial Space At Northlake 35 Logistics Park
LEASED
Texas
See Similar DealsIndustrial1,000,000 SF
Leased
LEASED
DSV Contract Logistics Leases 1 Million Square Foot Industrial Space At Northlake 35 Logistics Park
3400 Catherine Ct E
See Similar DealsIndustrial1,000,000 SF
Leased
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:1000000 SF
Transaction Type:Lease
The property asset involved in this transaction is located at 3400 Catherine Ct E, Northlake, Texas. This industrial asset spans 1,000,000 square feet and encompasses 47.3 acres.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Landlord: Doug Johnson & Ben Newell - Falcon Commercial Development; David Gilbert - Clarion Partners
- Tenant: Maciej Walenda - DSV Contract Logistics
- Landlord's Representative: Nathan Lawrence & Krista Raymond - CBRE
- Tenant's Representative: Ward Richmond, Cole Hooper, James Ewing, Keller Strauss & Amanda Richards - Colliers
This lease transaction marks one of the largest recent industrial deals in the Northlake area. DSV Contract Logistics, a part of DSV, has leased Building 1, which is a significant distribution center within the Northlake 35 Logistics Park.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$57,319,396.56
Total Lease Value
$573,193,965.57
Net Landlord Cash Flow$57,319,396.56
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