Gandy Blvd N, St. Petersburg, FL 33702
- 622,259 SF Class A industrial development
- Six rear-load buildings
- Customizable spaces ranging from 20,000 to 150,000 SF
- Visibility from I-275
- Located in the Gateway Area of Pinellas County
The 622,270 sq ft Gateway Logistics Center will begin its 1st phase of development with three buildings of industrial space totaling 290,000 sq ft.
The 75-acare park is the central component of a 93-acre mixed-use development on land recently sold by tech company Jabil Inc. Greystar for $32 million.
Gateway Logistics Center premier industrial park sells.
DALLAS, Jan. 5, 2021 – JLL Capital Markets announced today that it has closed the sale of Gateway Logistics Center, a five-building, 1.4-million-square-foot, Class A++, state-of-the-art industrial park situated at the gateway to Dallas-Fort Worth International Airport in Irving, Texas.
JLL worked on behalf of the seller, Bandera Ventures and Long Wharf Capital. BentallGreenOak acquired the industrial park on behalf on an institutional investor.
Developed by the seller, Gateway Logistics Center was completed in 2019 and is leased to a roster of household name tenants. The property is located near the south entrance of DFW Airport in one of the most desirable industrial submarkets in the Dallas-Fort Worth area.
The JLL Capital Markets Investment Advisory team representing the seller was led by Managing Director Dustin Volz, Senior Director Stephen Bailey, Executive Managing Director Jody Thornton and Analysts Zach Riebe and Wells Waller.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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