JLL secures 76K SF lease with Chint Power Systems
News release
03 April 2024
JLL secures 76K SF lease with Chint Power Systems in Wylie, TX
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WYLIE, Texas, Apr. 4, 2024 – JLL announced today that Chint Power Systems, a leading solar inverter manufacturer and distributor, has leased 76,433 square feet at Wylie Business Center. With this lease signed, the Class A, new construction industrial facility now has 197,983 square feet available of prime industrial space for lease.
JLL’s Kurt Griffin, Nathan Orbin, and Dalton Knipe represented the owners, Lovett Industrial and Cresset Real Estate Partners, while Mercer Company’s Christian Moore represented the tenant, Chint Power Systems.
"Wylie Business Center stands out as an economically competitive alternative to surrounding areas, offering a business-friendly municipality and access to key amenities," says Kurt Griffin, Senior Managing Director at JLL. “Wylie is an emerging market well-positioned to meet the needs of tenants looking to serve a growing population and business center on the northeast side of the Metroplex.”
Located at 2801 North State Highway 78 in Wylie, TX, the recently delivered building provides tenants with direct access to SH 78, proximity to a robust labor base, multiple access points, the ability to secure a truck court, close proximity to KCS Intermodal, a substantial 342,000 lift capacity, and access to heavy power. In addition, the state-of-the-art rear-load facility features a 36’ clear height, a 7” reinforced concrete slab, 55 dock-high doors, 185’ truck courts, 80 trailer stalls, and 154 car parks.
"We are pleased to welcome Chint Power Systems to our best-in-class facility in Wylie,” said Colby Everett, Director at Lovett Industrial. “This lease reinforces the attractiveness of our location and the strong demand for industrial space in this area."
Cresset Real Estate Partners, a Chicago-based real estate investment firm with $4 billion of gross assets under management across industrial, multifamily, and office investments, partnered with Lovett Industrial on the development of the Wylie Business Center.
"We are proud to play a role in this venture and excited to see tenant interest in the Wylie Business Center project from a forward-thinking company like CPS America, which is helping to pave the way for the future of energy” added Dominic DeRose Managing Director of Cresset Partners Real Estate
Chint Power Systems is anticipated to occupy the building in Summer 2024.
About JLL
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 $20.8 billion and operations in over 80 countries around the world, our more than 106,000 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 WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.