DALLAS – Crow Holdings Capital-Real Estate is starting a 1.2 million spec industrial project in southern Dallas County.
The project, I-35 Logistics Crossing, will feature two 611,000-SF buildings. Crow will construct both building at once. The project is located in the Lancaster community at the intersection of Interstate 35 and Interstate 20.
Kurt Griffin and Nathan Orbin of Cushman & Wakefield wlll lease the project.
According to Cushman & Wakefield research, tenants absorbed nearly 5.4 million SF of DFW industrial space during the first quarter of 2017, with more than 1.5 million SF occurring in the southern sector.
“South Dallas, specifically, is seeing good demand for deals sized 600,000 SF and above,” Orbin said. “Overall, we’re tracking 25 million SF of active tenants in the DFW market, and South Dallas is among the most desirable submarkets.”
Crow said construction of I-35 Logistics Crossing is expected to begin this month, with completion scheduled for the first quarter of 2018.
“Crow Holdings is an experienced, highly capable development group with a long track record of success, and we’re excited to represent them on this project,” Griffin said. “I-35 Logistics Crossing will provide users direct access to the DFW region, UP Intermodal, and FedEx Ground facility, as well as other major Texas markets such as Austin and San Antonio,”
May 15, 2017 Realty News Report Copyright 2017