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GTIS Partners and Hopewell Development LP Announce Closing of Industrial Project in Dallas Fort Worth, Texas
January 26, 2021 GMT
NEW YORK, Jan. 26, 2021 /PRNewswire/ GTIS Partners LP (“GTIS”), a real asset investment and development firm headquartered in New York City, with offices in São Paulo, Los Angeles, San Francisco, Atlanta, Paris and Munich, along with Hopewell Development LP (“Hopewell”), a development company based in Calgary, today announced closing on the development of Champions Circle Business Park, a 361k square foot class-A industrial park located in Dallas Fort Worth, Texas.
New York and Canadian property firms team up on North Fort Worth project
New business park off S.H. 114 will include three buildings.
Calgary-based Hopewell Development is already building warehouses in the Phoenix area.(Hopewell Development )
New York and Canadian developers are teaming up on a new industrial park in North Fort Worth.
Calgary-based Hopewell Development LP and GTIS Partners LP of New York have purchased 21 acres off State Highway 114 on Champions Circle Drive near the AllianceTexas development.
The developers plan to build a 361,000-square-foot, three-building industrial park on the land which is located near the Texas Motor Speedway.
“We have long viewed the industrial/logistics sector in D-FW as attractive and are pleased to have made our entry into the market with an asset like Champions Circle,” David Pahl, Managing Director at GTIS, said in a statement.