Bullish on Industrial, Hunt Southwest Advances Two New Spec Projects in DFW Metroplex
New developments follow on heels of full lease of Interstate Crossing in Fort Worth
DALLAS — March 18, 2021 — Hunt Southwest Real Estate Development has kicked off two speculative industrial developments in Denton and Forney, Texas, in response to continued demand for new, state-of-the-art construction in the Dallas-Fort Worth Metroplex. These represent the 9th and 10th industrial projects Hunt Southwest has developed in the last five years in Texas. The Dallas-based real estate developer recently completed a 1,023,488 square-foot building, Interstate Crossing in Fort Worth, now fully leased by Amazon. Ryan Keiser with KBC Advisors represented Amazon. Trey Fricke, SIOR, Reid Bassinger, SIOR, and Becky Thompson of Lee & Associates represented Hunt Southwest..
“We remain bullish on the industrial market in DFW. In determining where in the market to invest our capital and build spec industrial facilities, we select pro-business communities with low tax rates, excellent labor, and the highway infrastructure to quickly and efficiently access the DFW population base,” said Hunt Southwest President T. Preston Herold. “The cities of Denton and Forney check all the boxes in that regard.”
Hunt Southwest has broken ground on I-35 Convergence, a two-building development in Denton’s Westpark Industrial Park on Western Boulevard, just northwest of the I-35E/I-35W split. Building 1, a 250,080-square-foot cross-dock facility with concrete tilt-wall construction, 32-foot clear height, an ESFR sprinkler system, LED lighting, and skylights, is being built on a spec basis and will deliver in December of this year. Hunt Southwest is reserving the second building site, which is ~ 17 acres, for build-to suit development for those users in the 100,000-250,000 square foot range with a more specialized warehousing and distribution, e-commerce, fulfillment, cold storage, manufacturing, research and development, or technology use.
Leasing brokers for I-35 Convergence are Tom Pearson, Chris Teesdale and Brad Balke with Colliers International.
In Forney, Hunt Southwest is developing Gateway East Trade Center in the Gateway East Industrial Park, a master-planned business park featuring Fortune 500 companies at the intersection of Gateway Blvd. and Highway 80. This 712,900-square-foot building will sit on a 45-acre site and will feature concrete tilt-wall construction, 40-foot clear height, an ESFR sprinkler system, LED lighting, skylights, and abundant trailer parking. Gateway East Trade Center offers a prime location, a low tax millage rate, triple freeport exemption, and easy access to Highway 80 and Interstate 20.
This project is expected to break ground in April 2021, with completion in the first quarter of 2022. Leasing brokers for this project include Kurt Griffin, Nathan Orbin and Stuart Smith with Cushman & Wakefield.
About Hunt Southwest Real Estate Development
Hunt Southwest Real Estate Development is a Dallas-based, full-service real estate development company with a focus on industrial and cold storage real estate development in the Texas market.
Hunt Southwest is a joint venture between Unity Hunt, which is the Lamar Hunt family office and Hunt Midwest, which is the real estate development company that the family founded in Kansas City in 1985. The Lamar Hunt family’s business portfolio also includes alternative investments and holdings in banking, energy, healthcare, technology and sports, including the Kansas City Chiefs, Chicago Bulls, and FC Dallas.
I-35 Convergence Attachments: Marketing Brochure – 250,080 SF | Marketing Brochure – 227,420 SF BTS | Rendering | Site Plan
Gateway East Trade Center Attachments: Marketing Brochure | Rendering | Site Plan