WILMER – A unit of John Hancock Life Insurance Co. has acquired the 1.4-million-sf Procter & Gamble distribution center at 101 Mars Rd. near I-45.
Built in 2014, the hub is home to more than 500 workers for the consumer products firm.
Valued at more than $63 million, the building was developed by a partnership of Panattoni Development Co. and the California State Teachers Retirement System.
Cushman & Wakefield brokered the sale.
The Real Estate Center has more on DFW's industrial market:
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.