Frisco has the PGA of America and a Universal Studios theme park on the way, part of an ongoing growth streak that means it also needs distribution hubs.
Enter Dalfen Industrial with plans for the Frisco Trade Center, three industrial warehouses spanning 575,000 square feet, on Rockhill Parkway, according to a news release from JLL. The address wasn’t given, and costs weren’t disclosed. It is scheduled to be completed in the fourth quarter of this year. Kurt Griffin, Nathan Orbin and Dalton Knipe of JLL are handling leasing.
That’s not the only big industrial news this week …
Ackerman & Co. purchased more than 119 acres in Central Texas, the San Antonio Business Journal reported. The Atlanta-based company bought six parcels in Seguin, about 35 miles northeast of San Antonio, with plans to build as much as 1.6 million square feet of industrial space. The land is valued for tax purposes at $2.85 million. John Colglazier and Kyle Kennan of Partners Real Estate brokered the deal, and Colglazier called Seguin, “a rising star in the central Texas industrial market.”
Meanwhile, in Schertz, Houston-based Investment & Development Ventures plans to build a six-building industrial warehouse complex at 22867 IH 35 N, the San Antonio Business Journal reported. Schertz is about 25 miles northeast of San Antonio, and the project is near Amazon’s DSX9 warehouse. Construction is set to begin in August. Roger Hill and Kyle Mueller of JLL are handling leasing.
A Los Angeles firm bought a massive warehouse in Southern Dallas recently. Cohen Asset Management scooped up the 920,000-square-foot DalParc Logistics Center Building I at 3351 Balmorhea Drive in far Southeast Dallas. The terms of the deal and the seller weren’t disclosed. Jonathan Bryan, Randy Baird, Ryan Thornton, Nathan Wynne and Eliza Bachhuber of CBRE represented Cohen.
A glass manufacturing plant is coming to the Dallas suburbs. Contemporary Glass Tempering plans to build an 80,000-square-foot plant in Ferris, about 20 miles southeast of Dallas, the Dallas Morning News reported. The project, in the 700 block of Interstate 45, is expected to bring about 50 full-time jobs. Henry S. Miller Company is building 200 apartments and retail, costing an estimated $35 million, in the town of about 3,000.Lighting manufacturer US LED Ltd. moved out of its Katy headquarters, leasing a 50,000-square-foot space at 500 Morris Oliver Way in the Washington Avenue/Memorial Park area, the Houston Business Journal reported. Terms of the deal weren’t disclosed. Steve Hazel of InSite Realty represented the landlord, Principal Financial Group. CBRE’s Michael Palmer represented US LED.
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