Massive Dallas Distribution Center Sells For "Staggering" Price

Distribution Center
Photo credit jackaldu/GettyImages

 A massive distribution center near the Dallas-Grand Prairie line has sold for nearly a quarter of a billion dollars, a figure that is called "staggering" by many in the Dallas commercial real estate community.

The center on Jefferson near Belt Line is leased long-term to Home Depot. 

The buyers, who spent a reported $247 million, is a partnership of two companies, one based in Phoenix and the other in South Korea.

It's not clear now many people work there yet but when Home Depot signed the lease, it promised to employ about 800 people eventually