MIC Memo - Petmate - Lancaster, TX (12.10

3201 N. Houston School Road

Approximately 469,000 square foot state-of-the-art Class-A warehouse/distribution facility in Lancaster with direct access to I-20, I-35 and I-40. Roughly seven miles from the second largest FedEx Ground facility in the U.S., less than ten miles from the Union Pacific Dallas Intermodal Terminal, less than 13 miles from Downtown Dallas, 19 miles from DAL Airport and 33 miles from DFW. The cross-dock building features 32' clear height, 135'-185' truck courts, 99 dock high loading doors (56 dock packages), LED lighting, ESFR sprinklers, and has clean divisible capability.

Building Type

Warehouse/Distribution Facility

Property Type

Fully Leased

Date Acquired


Year Built


Total SF and/or Acreage


Space Available





Dallas/Ft. Worth

Clear Height


Energy Certification


Derrick Johnson

Independent Trustee

Mr. Johnson has served as an independent trustee since July 2022. Mr. Johnson has extensive experience across strategy, marketing, business development, finance and operations, specifically logistical operations, within organizations ranging from startups to Fortune 50 companies.


  • Currently, Senior Vice President and Chief Operating Officer at Agiliti, a medical equipment management and services company
  • Former President of Southeast at United Parcel Service (UPS), holding a variety of strategic and operational roles for over 20 years
  • Member of the Georgia Commission on Freight and Logistics
  • Previously, Mr. Johnson was an Associate of Fixed Income Sales at Citigroup and an Associate at Oliver Wyman (formerly Mercer Management Consulting)

Mr. Johnson brings operational and logistics expertise, with specific knowledge of the logistics user experience and provides our Board of Trustees with related insight.

Committee Memberships

  •  Audit and Cyber Risk 
  • Nominating and ESG