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Commercial
Dallas

Big industrial complex in North Texas hits the market

Intermodal Commerce Park in Denton is among the area’s largest industrial properties

Intermodal Commerce Park in Denton (JLL)
Intermodal Commerce Park in Denton (JLL)

A 1.4 million square foot industrial park in North Texas, one of the largest such properties in the area, has hit the market.

JLL is marketing the sale of the three-building Intermodal Commerce Park, just north of the AllianceTexas development in Denton, the nation’s largest inland port, according to the Dallas Morning News. The 50-acre project at Intermodal Parkway and Westport Parkway in Haslet was built by Dallas’ Gruene Real Estate Partners and Weber & Co.

The project was funded through a private real estate fund advised by Crow Holdings Construction began in the summer of 2021.

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The property is fully leased to tenants including Volkswagen, Prairie Industries and H-E-B, one of the region’s largest grocers. H-E-B, which is expanding in North Texas, leased one of the newer buildings with more than 670,000 square feet.

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Dallas-Fort Worth was the nation’s top commercial property investment market last year, with almost $47 billion of sales. Industrial buildings and apartments made up the largest share of last year’s transactions.

[Dallas Morning News] – Maddy Sperling