Chicago buyer snaps up I-45 industrial park and lands lease with Amazon

A Chicago-based property developer and investor has purchased a major industrial park in Wilmer.

And the new owner of the Southport Logistics Park says it has signed a lease with Amazon for one of the two buildings in the project.

Logistics Property Co. purchased the 252-acre industrial park on Interstate 45 in Wilmer. Terms of the sale were not disclosed.

Dallas’ Port Logistics Reality and Diamond Realty Investments, a subsidiary of Mitsubishi Corp., originally built the project which is near Union Pacific Railway’s intermodal facility and the FedEx Ground hub on I-45.

The big property buy represents Logistics Property’s entry into the Dallas real estate market.

Steve Brown, Real Estate Editor

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