DSV Contract Logistics Leases 1 Million Square Foot Industrial Space At Northlake 35 Logistics Park
3400 Catherine Ct E
Building Size
1,000,000 SF
Asset Type
Industrial
Closing
Mar 11, 2026
AI
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.
Players
Justin 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