Large Chicago Developer starts new Grand Prairie warehouse space project
A Chicago-primarily based developer has broken ground on a brand new logistics venture in Grand Prairie.
CA Industrial is constructing the distribution center in partnership with worldwide investor DWS Group.
The venture at 2700 Avenue K will open later this year with greater than 200,000 square feet of area.
“Unparalleled call for and basics withinside the business marketplace persist following the onset of the COVID-19 pandemic and is anticipated to retain over the following numerous years,” Michael Podboy, president of CA Industrial, stated in a statement. “The transport of institutional-great developments, like 2700 Avenue K, permit us to capitalize in this acceleration in e-trade adoption and better stock tiers whilst additionally uniquely catering to distribution and warehouse users.”
The construction site is 8 miles from DFW International Airport. Luke Davis of Stream Realty Partners is leasing the building.
CA Industrial has 9.7 million square feet of business area presently below improvement in U.S. markets along with Phoenix; Dallas; Orlando; Atlanta; Savannah, Ga.; Columbus, Ohio; Richmond, Va.; Indianapolis, and Las Vegas.
“Dallas-Fort Worth maintains to interrupt its personal statistics because it pertains to business absorption, similarly strengthening its role as one of the main business markets withinside the U.S.,” CA Industrial’s Joe Trinkle stated in a statement.
The DFW vicinity is the country’s fastest-developing business marketplace with greater than 50 million square feet of homes below improvement.
