I recently had the privilege of participating in a panel discussion at NTCAR’s 2013 Broker Forecast breakfast, held at the Frontiers of Flight Museum. For my part of the presentation—the industrial market—I created a list of deals that had been completed in 2012 and projects that are expected to get under way in 2013.
Some, as noted below, have already begun. Some are still on the drawing board. But all have the potential to be kicked off this year.
The level of activity we’ve seen recently is truly amazing. And there are some very exciting projects we’ll see later this year. All of this bodes well for companies looking to locate in the Dallas-Fort Worth area. There are a lot of great options.
Build to Suits
• Quaker/Pepsico, 1.2 million square feet, ProLogis, Park 20-35 in Lancaster (600 trailer parks, 100 doors, expandable to 1.6 million square feet)
• BMW, 260,000 square feet (not completed yet)
• Ace Hardware, 460,000 square feet, by Centerpointe Properties of Chicago
• Amazon, two 1 million-square-foot buildings, by Hillwood in Coppell and Fort Worth
• L’Oreal, 513,000 square feet, by Ridge Realty in South Dallas
• Restoration Hardware, 858,000 square feet, by Weeks Robinson in Grand Prairie
• Prime Distribution, 400,000 square feet, by ProLogis in Mesquite
• Eltek, 107,000 square feet, by Argent in Plano
• Winzer, 100,000 square feet, by Weeks Robinson in East Plano
• Kohl’s, 951,000 square feet, by Hillwood in Desoto
New Developments
• Billingsley Co. purchased 225 acres in Mercer Crossing, 90 percent industrial, to be built
• Billingsley Co. has a 300,000-square foot project at Belt Line and State Highway 161
• IDI, 529,000 square feet on Valley Parkway in Lewisville; construction under way
• Seefried, Southfield Park 35, with USAA buildings up to 1.5 million, planned
• Hillwood, 1 million square feet in DeSoto; will get started very soon
• Hillwood, will start a 775,000-square-foot project at Alliance in February, expandable to 3 million square feet; also has sold 80 acres in Alliance with another 100 acres under contract for other development projects)
• ProLogis, 653,000 square feet, expandable to 1 million square feet, under construction
• First Industrial, 273,000 square feet in Pinnacle Park, planned for later this year
• Ridge Realty, 500,000-square-foot speculative project next to L’Oreal’s build-to-suit; will be constructed simultaneously
• Oakmont, 462,000 square feet and 292,000 square feet in Flower Mound
• Trammell Crow/Clarion/Rosewood, 202,500 square feet, 500,000 square feet, 297,500 square feet at north end of D/FW Airport; construction has begun
• Exeter, planning 800,000-square-foot speculative project on land it just bought from IDI in south Arlington
• Rob Huthnance, IIT, starts in February on a 300,000-square-foot spec project at Amberpoint in Coppell
• Duke Realty has a site ready for 850,000 square feet in South Dallas at Interstate 35; it also has 660,000 square feet planned north of DFW Airport
• Majestic has a site in Lewisville, on which it can build another 1 million square feet, next to Kellogg facility
Significant Recent Industrial Sales
• Fritz acquired 1 million-square-foot facility in Greenville from Rubbermaid
• GE bought IDI’s 679,000-square-foot building and expanded to 923,000 square feet at Speedway Distribution Center in North Fort Worth
