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A three way partnership between MBK Industrial Properties and Hopewell Growth has damaged floor on Tristar Enterprise Park, a two-building industrial campus in Irving, Texas. Colliers can be answerable for leasing on the 173,680-square-foot mission.
The developer obtained a $17.6 million building mortgage from American Momentum Financial institution in December final 12 months, in accordance with CommercialEdge information.
Constructing One will measure 69,160 sq. ft and can function eight dock-high loading doorways and one drive-in door with ramp, 130-foot truck courts, 100 automobile parking stalls and 40- by 52-foot column spacing.
READ ALSO: Prime 5 Rising Industrial Markets in 2024
The 104,520-square-foot Constructing Two could have 10 dock loading doorways, 140 automotive stalls, two drive-in doorways with ramps, 140-foot truck courts and 52- by 50-foot column spacing. Each amenities could have 32-foot clear heights.
Rising at 7810 and 7815 Jetstar Drive, the property could have direct entry to Freeway 114 and can be near the Dallas Fort Price Worldwide Airport. Downtown Dallas is a few 17 miles away, whereas downtown Fort Price is roughly 27 miles southwest.
Tristar Enterprise Parks may also be inside 3.5 miles from DFW Park 161, a 197-acre master-planned industrial campus the place LKQ Corp. signed a 523,260-square-foot lease.
Colliers Govt Vice President Greg Cannon and Affiliate Colin Penny are answerable for leasing the event. In February, one other Colliers staff represented the owner in a 142,100-square-foot leasing settlement at Barker Cypress Distribution Middle in Cypress, Texas.
The Metroplex’s high-performing industrial sector
Dallas had the second-largest industrial pipeline as of February, with a complete of 27.2 million sq. ft beneath building, in accordance with the most recent CommercialEdge industrial report. Solely Phoenix surpassed the Metroplex with nearly 42.7 million sq. ft underway. Moreover, the emptiness price clocked in at 4.7 p.c throughout the identical interval, 30 foundation level decrease than the nationwide common.
Final week, EastGroup Properties began building on Denton Alternate 35, a 244,000-square-foot industrial campus. The 2-building mission is rising on a 20-acre web site.
In January, Jackson-Shaw partnered with Compatriot Capital for the event of Lakeview Enterprise District, a greater than 1.8 million square-foot park in Rowlett. Inbuilt two phases, the campus is predicted to include seven constructing upon completion.
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