Affinius Capital Sells Dallas Industrial Facility

Southfield Park – Building 5 is part of a 191-acre industrial campus. Image courtesy of JLL

Affinius Capital has completed the sale of Southfield Park 35 – Building 5, a 489,310-square-foot Class A industrial building located in DeSoto, Texas, within the South Dallas submarket. The buyer, TradeLane Properties, financed the purchase with a $55 million loan originated by Nationwide, according to CommercialEdge information. This is the fifth industrial asset in the city for the Illinois-based industrial real estate service company.

A JLL Capital Markets Investment Sales and Advisory Team, led by Senior Managing Director Trent Agnew, Directors Tom Weber and Pauli Kerr, Senior Director Parker McCormack, Associate Matthew Barge and Analyst Keenan Ryan, represented the seller, which was formerly known as USAA Real Estate.

Within a master-planned industrial campus

Developed in a joint venture with Seefried Industrial Properties, Building 5 came online in September of 2022. The 33.9-acre property is the first delivery in the master-planned industrial campus of the same name, which is expected to total 191 acres and more than 1.1 million square feet of space.

The recently sold asset includes 117 dock doors that feed into an interior with 40-foot clear heights, 185-foot deep truck courts and 52- by 50-foot column spacings. The exterior has 144 trailer parking spaces, capable of expansion by up to 50 spots.

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Located at 2100 Jo Drive within a foreign trade zone, the facility is neighbored by warehouses used by NFI, Serta, SEW-EURODRIVE and FritoLay. The property is between onramps to both the interstates 20 and 35, with downtown Dallas located 11 miles to the north. The former road leads directly into Fort Worth; Austin, San Antonio and Houston are within half a day’s drive southward.

Activities in the industrial powerhouse

Both the developer and former owner have logged recent activities around the Lone Star State, which is home to two of the nation’s largest industrial markets by supply pipeline and transaction volumes, according to CommercialEdge data.

The firms are currently collaborating in the development of a 315,400-square-foot speculative project in Dallas’ Rockwall suburb that broke ground in January. Completion is expected in the fourth quarter of this year.

Near Austin, Affinius is working with Ironwood Realty Partners on the construction of an industrial campus that will comprise more than 1 million square feet at full build-out. The project’s third and final phase, which consists of three buildings totaling 490,000 square feet, broke ground in April.