W. P. Carey acquires 757K SF industrial property in East Dallas submarket

DALLAS, Nov. 3, 2025 –  JLL Capital Markets announced today the sale of 2800 Skyline, a Class A industrial distribution center totaling 756,668 square feet in Mesquite, Texas, which was completed in September.

JLL represented the seller, a joint venture involving Capstar Real Estate Advisors, in the transaction to the buyer W. P. Carey, one of the largest net lease real estate investors.

The state-of-the-art facility, completed in 2025, sits on 40.4 acres at 2800 Skyline Dr. and features 40-foot clear heights, 96 loading doors with 29 dock levelers, 185-foot truck courts and 124 trailer parking stalls. The property is fully leased to one of the world's largest solar technology and renewable energy companies with approximately 10 years of lease term remaining.

Located in the high-performing East Dallas submarket, the property offers superior connectivity with direct access to Interstate 635 and sits less than one mile from the Union Pacific Intermodal Terminal. The facility is seamlessly connected to the tenant's adjacent manufacturing building through a climate-controlled corridor, allowing for efficient product transfer across the tenant’s two-building advanced manufacturing complex.

Both buildings have been the beneficiary of significant tenant-funded investment, featuring significant power capacity with additional expansion plans currently underway. Upon completion of the tenant’s manufacturing plant, it will receive materials directly from the Union Pacific Intermodal Terminal, making the strategic location a critical component of the tenant’s supply chain operations.

The JLL Investment Sales and Advisory team was led by Executive Chairman Jody Thornton, Industrial Group Co-Head and Senior Managing Director Trent Agnew, Senior Director Tom Weber, Director Pauli Kerr, Analysts Ben Pollack and Michael Jankovich.

"Investors remain highly focused on the East Dallas submarket given its proven track record of rent growth and occupancy performance," said Agnew. "This property checked all the boxes investors are looking for: a 2025-vintage facility with institutional-grade specifications, a tenant making significant capital investments into their space and a location that provides unparalleled access to the region's transportation infrastructure."

Boyd Borjiet, Vice President, Investments, W. P. Carey, said: “This acquisition underscores our commitment to investing in high-quality assets leased to best-in-class tenants. Dallas-Fort Worth is one of the most dynamic industrial hubs in the U.S., and this newly constructed, Class A facility – with its modern specifications and strategic location – perfectly aligns with our investment approach.”

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.

For more news, videos and research resources, please visit JLL’s newsroom. 

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 112,000 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.

CAPSTAR is a real estate investment firm that leverages decades of combined experience and relationships into a disciplined investment management approach that enables us to exceed expectations in every investment cycle. For over twenty years, CAPSTAR has followed this guiding philosophy to invest and develop a broad range of real estate with a proven track record of positioning assets to achieve superior returns. The Principals have combined portfolio experience exceeding billions in commercial and multifamily property investment & development, asset management, and portfolio & property management.

W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,662 net lease properties covering approximately 183 million square feet as of September 30, 2025. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant, industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.

www.wpcarey.com