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Deal Ticker: Denver-Based Investment Group Plans Massive Industrial Park in South Dallas
Plus: Cypress Waters Plans new $20 million office building; a Florida-based lighting company signs a lease at Brookhollow Industrial Park; and more.
Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected].
Denver-based Black Creek Group has acquired 165 acres to develop the firm’s largest project to date. Upon completion, the two-building Class A industrial park will total two million square feet. The development will be completed in two phases. Eric Hawk, partner of Archway Properties, the co-developer in this transaction, spent two years assembling 42 individual parcels with 18 different property owners.
New York-based property giant eyes project near DFW Airport
Plans for business park in Coppell include two new buildings.
Last fall Brookfield acquired the Passport Logistics Center is near the south end of DFW Airport.(Dalfen Industrial )
A major commercial property owner that’s been expanding its North Texas footprint is eyeing a new industrial project north of DFW International Airport.
A unit of Brookfield Properties is working on plans for two industrial buildings in the Gateway Business Park on Freeport Parkway in Coppell.
The buildings would include more than 300,000 square feet of space and would start construction in the next few months, according to state planning documents.
Atlanta developer eyes busy I-20 corner for new project
New distribution project in the works for early 2021 start.
IDI Logistics Interstate Commerce Center building is planned on Interstate 20.(IDI Logistics)
Industrial developer IDI Logistics is planning a distribution hub for the high-profile site.
The Atlanta-based developer intends to build almost 600,000 square feet of warehouse space on the corner starting early next year, according to planning documents filed with the state.
Macgregor Associates Architects, which is also based in Atlanta, is designing the Interstate Commerce Center building, which will cost more than $17 million.
CBRE has been marketing the almost 35-acre site on the southeast corner to potential business tenants.