Chicago-based Dayton Street Partners sold the property at 5800 Mesa Drive to Irving, California-based LBA Logistics. The building was fully leased to Maersk at the time the deal closed, according to a statement from Dayton Street Partners. Financial terms of the deal were not disclosed.

Dayton Street Partners made $30 million in renovations to the property after acquiring it from a private investor in early 2021, according to the statement. Improvements included the development of 25 acres for upgraded trailer parking. The property features 330 door, 33 bays and a 46,000-square-foot maintenance facility.

The industrial building is located in a corridor where many transportation and logistics companies lease space. Those tenants include Estes Express, J.B. Hunt, Knight Transportation, Kroger, Lineage Logistics, Rush Truck Centers, SAIA, Southwest Freight and Tyson Foods.

Dayton Street Partners is an active investor and developer in logistics real estate. The firm primarily focuses on acquiring or developing infill industrial and logistics properties across the United States.

Some of Dayton Street Partners’ current projects include: DSP Cedarport Industrial Park, a 164,640-square-foot terminal featuring 215 doors on 50 acres in Baytown, Texas; Rock House Logistics Center, a 431,000-square-foot cross dock logistics center on 40 acres in Lithia Springs, Georgia; and DSP I-16 Logistics Center, a 548,818-square-foot rear load facility featuring 92 loading docks on 52 acres in Savannah, Georgia.

LBA Logistics has a portfolio on industrial properties, mostly near ports and airports. The company focuses on last mile, infill and regional distribution. LBA Logistics’ portfolio features three properties in Texas: Cedars Commerce Center in Dallas; 11945 Katy Freeway in Houston; and Elizabeth Creek Gateway in Fort Worth, Texas.