- Wednesday, August 14, 2019
- Euless, TX
In the News - Another Day, Another Logistics Center at DFW Airport
DALLAS—Continuing the e-commerce warehouse theme, construction is underway on another property on Dallas-Fort Worth International Airport land. This one is DFW Airfield Logistics Center, a 356,518-square-foot project scheduled for delivery during the second quarter of 2020.
The speculative warehouse development, which is located on a 31-acre site, is situated at the southwest corner of East Glade Road and Airfield Drive. It will feature two buildings, a 145,878-square-foot rear-load building and a 210,640-square-foot front-load building, according to developers Seefried Industrial Properties and Clarion Partners LLC. The project will feature 28- to 32-foot clear heights, 84 total dock doors along with four drive-in doors, 110 trailer parking spaces and 407 auto spaces. Seefried and Clarion have a long history of developing and owning properties on airport ground leased land, including several projects at DFW Airport.
“DFW Airport truly is a world-class airport, made so by the leadership and team of professionals in every department. Seefried has successfully developed several million square feet of space with Clarion Partners over the last 10 years, and we look forward to Airfield Logistics Center being the next successful venture in that relationship,” said Jonathan Stites, senior vice president of Seefried Industrial Properties for Texas, Oklahoma, Kansas and Louisiana, who is managing the development of this project.
Pross Design Group Inc. is the architect, Pacheco Koch LLC is the civil engineer and FA Peinado LLC is the general contractor on the project. Tom Walrich, Becky Thompson and Connor Hunt at Lee and Associates are handling leasing for the project.
“Both buildings will be complete and ready for occupancy in April/May 2020,” Stites tells GlobeSt.com. “Tenants ranging in size from 25,000 to 210,000 square feet can be accommodated, and we expect the likely tenants will be warehouse/distribution companies needing a central location to serve the DFW area as well as airport freight forwarders.”
The second quarter marked the 35th consecutive quarter of positive absorption for the Dallas-Fort Worth industrial market. Industrial occupiers took down more than 8.7 million square feet in the first half of the year, according to a report by CBRE. The industrial construction pipeline picked up during the quarter, ending the quarter at 23.5 million square feet with a pre-committed rate of 42%. Construction starts during second quarter 2019 totaled 5.3 million square feet. Product coming online totaled 4.6 million square feet and was 69% pre-committed.
The market vacancy rate decreased slightly during the quarter and was 6% at the end of the second quarter, CBRE says.
Posted on: August 18, 2019
Staff Writer: Lisa Brown / GlobeSt.