ElmTree Funds Acquires Property From Perot Development Co With Seller's Rep Dustin Volz In Irving

The sale involved a 219,000-square-foot industrial property located at 3100 State Hwy 161, Irving, TX, 75038, within the Grand Prairie market. Constructed in 2022 as a build-to-suit for Amazon, the property spans 55.7 acres and features 32-foot clear heights, 1,440 parking spaces, and a 9.3 percent office finish.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Seller: Perot Development Co
• Buyer: ElmTree Funds
• Seller's Representative: Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe & Jack Copher - JLL

The transaction was facilitated by JLL, which represented the seller, a joint venture between Invesco Real Estate and Perot Development Co. The details of the buyer were not disclosed in the transaction.