Panattoni Development Company Sells Midpoint Logistics Center In Lancaster To JLL Capital Markets

The property involved in the transaction is the Midpoint Logistics Center, a Class A industrial complex located at 3501 Midpoint Drive and 3803 North Dallas Avenue in Lancaster, Texas. This asset spans 1,600,445 square feet and is comprised of two fully leased buildings. The complex features cross-dock facilities, clear heights of 38-40 feet, and provides prime access to major highways I-35 and I-45 within the growing South Dallas submarket.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Seller: Carl Panattoni & Adon Panattoni - Panattoni Development Company
• Brokers: Brennan Fewin, Matthew Barge, Parker McCormack, Pauli Kerr, Trent Agnew & Tom Weber - JLL

JLL Capital Markets facilitated the sale of the Midpoint Logistics Center, representing Panattoni Development Company in the transaction. The buildings are occupied by tenants DSV Solutions and Electrolux, enhancing the asset's value in the industrial market.