Griffin Partners Announces Sale of Building 1 at Port 45
Deal News | May 01, 2025 | Griffin Partners Inc

Griffin Partners Inc. has completed the sale of Building 1 at its Port 45 industrial development located in Wilmer, Texas, near Dallas. Port 45, covering 39 acres, is a master-planned industrial park featuring two state-of-the-art buildings with prime access to major transportation routes. Building 1 measures 174,802 square feet and boasts sophisticated design features such as a 32-foot clear height and a 130-foot truck court. While the buyer remains undisclosed, this transaction marks an important milestone reflecting the strong demand for industrial space in the Dallas/Fort Worth market. Griffin Partners acknowledges Wilmer's strategic position, attracting major companies like Amazon and Walmart within a five-mile radius. With future opportunities anticipated in the industrial sector, Griffin Partners remains committed to expanding their industrial footprint in supply chain-driven markets like Dallas/Fort Worth.
Sectors
- Real Estate
- Industrial Development
- Supply Chain & Logistics
Geography
- United States – The industrial development is located in Wilmer, Texas, which is part of the Dallas/Fort Worth Metroplex in the USA.
- Texas – Wilmers, Texas, is the site of the industrial development discussed in the article.
Industry
- Real Estate – The article pertains to the sale of a commercial real estate property, specifically an industrial development.
- Industrial Development – The article discusses the development and sale of industrial buildings, highlighting the expansion in industrial real estate.
- Supply Chain & Logistics – The strategic location of the development near major transportation routes is significant for supply chain operations.
Financials
- Undisclosed – The financial terms of the sale are not disclosed.
Participants
Name | Role | Type | Description |
---|---|---|---|
Griffin Partners Inc. | Developer/Seller | Company | A private equity real estate firm involved in the development and sale of Port 45 industrial park. |
Building 1 at Port 45 | Target Company | Property | An industrial building sold by Griffin Partners. |
Travis Covington | President of Development | Person | President of Development at Griffin Partners, quoted in the article. |