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