With a 75,000-square-foot lease from ViaTech in hand, Billingsley Co. has begun development of its second speculative building at Mercer Business Park. The project will total 260,000 square feet.
Work about a year ago on the first 340,000-square-foot facility in the development. It will be occupied by Reliable Sprinkler and Paragon Distributing. Billingsley also is readying a 165,000-square-foot build-to-suit for Monitronics International inc.
The 225-acre Mercer Business Park is at the northwest corner of Interstates 35E and 635. George Billingsley, partner at Billingsley Co., said interest in the project has been strong. “There is tremendous demand for space,” he said. “We have had several interested prospects for distribution center space, as well as build-to-suit development.”
ViaTech, a printing company, currently occupies space at Metropolitan Distribution Center, another Billingsley property. It will move to its new home in the fourth quarter of 2015. The company was represented in the transaction by Kurt Griffin of JLL.