August 16, 2022

businessgames

I Trust Business

New Arlington business park will add more than 700,000 square feet

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1 of North Texas’ most important industrial building homeowners is expanding its footprint with much more design.

Prologis already owns much more than 200 Dallas-Fort Worth warehouses with just about 40 million sq. ft of place.

The D-FW metro region is one particular of the largest markets for the San Francisco-centered commercial residence organization, which has about 1 billion square feet of industrial actual estate all over the world.

Prologis is planning to build 4 more warehouses in Arlington to add to its currently substantial North Texas holdings.

The a lot more than 700,000-sq.-foot small business park is prepared on New York Avenue close to Interstate 30 and will charge extra than $45 million, according to planning documents filed with the state.

Prologis strategies to start out building on the Arlington task this spring with an early 2023 opening set.

The Arlington undertaking follows Prologis’ latest options to construct two warehouses with much more than 1.3 million square feet in the Mountain Creek Business enterprise Park in Southwest Dallas. Prologis also not too long ago added two far more structures to its holdings in Coppell around Dallas-Fort Worth Worldwide Airport.

The D-FW location is the country’s fastest-growing industrial building market with much more than 50 million sq. feet of development.

The buildings occupied by Vistra face the Bush Turnpike in Irving.

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