Market demand drives industrial acquisition in Richardson, Texas
Dallas, November 9, 2017 – JLL announced today the firm has successfully negotiated the sale of an 82,445 square foot industrial asset. The property is located at 1301 Apollo Road in Richardson, Texas near US Highway 75.
JLL Craig Phelps represented the buyer, Baker Triangle, in the transaction. NAI Robert Lynn’s Kimberly Mathis, Michael Stanzel and John Simons represented the seller, The Richardson Trident Company.
Dallas’ industrial market remains below its historic vacancy numbers at 7.3% in 2017 with 12.9 million square feet of absorption through Q3,according to JLL Research.