Development Updates in Dallas:
Over the last few years, a massive corporate migration to Texas has generated significant demand for industrial and logistics spaces, providing ripe investment opportunities for industrial developers. Now, numerous developers are capitalizing on industrial real estate development opportunities in the Dallas-Fort Worth Metroplex.
Build-To-Suit Industrial Buildings Coming to Dallas
In Dallas, the Houston-based real estate investment company, Lovett Industrial, has begun construction on what is soon-to-be the area’s largest business park. Named Trinity West Business Park, it will be located near Singleton Boulevard and Norwich Street, and be home to two new build-to-suit industrial buildings - Trinity West Buildings II and III.
Combined, the two new buildings will total 960,956 sq. ft. of space. Building II will serve as a cross-dock facility for a global logistics company, while Building III will serve as a warehouse for Dallas County. A third building will also sit on the lot, and together, the three buildings will total nearly 2 million sq. ft. of space.
Seefried and USAA Real Estate Team Up on Industrial Project
USAA Real Estate and Seefried Properties have formed a joint venture to develop an industrial project in Rockwall. Named “Rockwall Park 30”, the industrial development will include over 300,000 sq. ft. of space, featuring two buildings with approximately 150,000 sq. ft. each, as well as 32-ft clear heights, concrete truck courts, dock-high doors, and parking.
Jerry Jones’ Blue Star Land Breaks Ground in Waxahachie
Two years after purchasing a 120-acre parcel in Waxahachie, Blue Star Land has broken ground on an industrial project south of Dallas, across from the Waxahachie Civic Center. The development firm, owned by Cowboys owner Jerry Jones, will add 638,000 sq. ft. of industrial space to the area and spend roughly $29 million. Though not yet confirmed, the development will likely become an e-commerce fulfillment center for the online sporting memorabilia company known as Fanatics.
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Texas Digest