Massive new logistics facility sells in Southern Dallas
A sprawling, newly built distribution center with more than a million square feet of space has sold in Southern Dallas.
The DalParc Logistics Center at 3199 Telephone Road was completed by developer VanTrust Real Estate in 2021, and purchased July 19 by Property Reserve, Inc. for an undisclosed sum.
The property is located at the corner of North Dallas Avenue and Telephone Road, and features eight entrance and exit points, providing access to several major transportation links connecting to the Dallas-Fort Worth metroplex. The property is also fully leased to a single tenant, which the Dallas Morning News report is Amazon.
The DalParc transaction was brokered by CBRE’s Randy Baird, Jonathan Bryan, Ryan Thornton and Eliza Bachhuber.