472K SF Monster Infill Distribution Center Sells
A large distribution center near Downtown traded hands, a deal one broker said is “almost like finding a unicorn.”
2020 Singleton Blvd. LLC purchased the 472K SF distribution center at 2020 Singleton Blvd. in Dallas from Keller Logistics. Colliers International Group represented both sides of the sale.
“This is one of the most interesting deals our team has worked on in the last several years,” Colliers International Group Executive Vice President Tom Pearson said in a statement. “It is an anomaly in the area because of its size and its functional layout with outside storage, and its close location to the city center as well as the redevelopment in Trinity Groves. This property posed a terrific investment for our client.”
According to to the Colliers statement, the buyer chose this location because of its exceptional potential as a final-mile hub due to its proximity to Interstate 30, I-35, the Tollway and Downtown Dallas.
“In the age of the Amazon effect and escalating delivery speeds to consumers, final-mile distribution is king,” Colliers International Group Executive Vice President Ward Richmond said. “Finding a 471K SF, rail-served distribution facility within five minutes of Downtown Dallas doesn’t happen often. It’s almost like finding a unicorn.”
Colliers’ Chris Teesdale and Tom Pearson represented the buyer while Ward Richmond, Cole Hooper and Brad Balke represented the seller.