Griffin Partners Announces Sale of Building 1 at Port 45

Deal News | May 01, 2025 | Griffin Partners Inc

Griffin Partners Announces Sale of Building 1 at Port 45

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

NameRoleTypeDescription
Griffin Partners Inc.Developer/SellerCompanyA private equity real estate firm involved in the development and sale of Port 45 industrial park.
Building 1 at Port 45Target CompanyPropertyAn industrial building sold by Griffin Partners.
Travis CovingtonPresident of DevelopmentPersonPresident of Development at Griffin Partners, quoted in the article.