JLL arranges sale of 616K-SF industrial facility in South Dallas to LBA Logistics

DALLAS, Dec. 9, 2025 –  JLL Capital Markets announced today the sale of Core45 Building 1, a 616,068-square-foot, newly constructed Class AA industrial facility located at 1401 E Pleasant Run in South Dallas.

JLL represented the seller, an affiliate of Grandview Partners, in the sale. LBA Logistics acquired the asset.

The state-of-the-art facility, completed in 2023, sits on 33.86 acres and features 40-foot clear height throughout. The property is currently 48 percent leased to Owens Corning, an investment-grade tenant with a BBB+ credit rating.

The building includes 8,180 square feet of office space across two suites (4,090 square feet of speculative space), 110 dock doors, four drive-in ramps and 188-foot truck courts. Additional amenities include 151 trailer parking spaces expandable by 71 spaces, 306 car parking spaces and the ability to fully secure the property with fencing and guard shack security.

The property's strategic location provides direct access to Interstate 45 and Interstate 20, offering immediate connectivity to major Texas thoroughfares and national distribution networks. The facility is positioned just 2.5 miles from the Union Pacific Dallas Intermodal Terminal, 21.3 miles from Dallas Love Field Airport, and 35 miles from Dallas/Fort Worth International Airport.

Core45 Building 1 represents an immediate value-add opportunity for the buyer, with 323,388 square feet of vacancy with spec improvements available for lease-up in a market experiencing strong tenant demand.

The JLL Capital Markets team was led by Industrial Group Co Head and Senior Managing Director Trent Agnew, Senior Director Tom Weber, Director Pauli Kerr and Analyst Carson Stogner.

"The I-45 corridor has become a magnet for institutional capital and tenants, and Core45 Building 1 demonstrates why," said Weber. "The property offers best-in-class specifications at a discount to replacement cost, with investment-grade tenancy providing immediate cash flow and significant upside potential through lease-up. The property's proximity to Interstate 45 and Interstate 20 creates unparalleled access for local and national distribution, positioning it perfectly within one of DFW's most sought-after industrial submarkets."

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 and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500^® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Grandview Property Partners, LLC (“Grandview”) is a real estate investment manager formed in 2019 through a spinout from a predecessor firm. The firm is led by a seasoned, cycle-tested team with decades of collaborative experience across the acquisition, management, development, and disposition of all real estate asset types. Grandview’s internal expertise—defined by continuity, discipline, and deep market knowledge—is complemented by longstanding relationships with operating partners, developers, advisors, and lenders nationwide, providing access to proprietary deal flow, local intelligence, and capital markets insight that enhance outcomes for investors.

LBA Realty | LBA Logistics (“LBA”) is a full-service, vertically integrated real estate investment and management company headquartered in Irvine, California, U.S. with a diverse portfolio of industrial and office properties in major markets throughout the U.S. and U.K. LBA was founded in 1991 and is a privately held company with 255 global team members. LBA invests via closed-end real estate investment funds and joint venture partnerships on behalf of institutional investors including leading pensions funds, endowments, foundations, and foreign investors. LBA Logistics, the industrial operating arm of LBA Realty, operates a portfolio of industrial properties that total approximately 106M SF and is comprised of over 400 properties. LBA expanded to Europe in 2023 and is currently growing its U.K. logistics and industrial investment team and portfolio.