Hunt Southwest launches plans for 1M SF spec distribution center at 820/35W
Announcement follows sale of its nearby Class A industrial development
Dallas—September 27, 2018—On the heels of its recent sale of its 657,000-square-foot, Class A industrial development located at the southeast quadrant of I-820 and I-35W in Fort Worth, Hunt Southwest Real Estate Development has doubled down on the area by closing on three land sites totaling 77 acres at the northwest quadrant of I-820 and I-35W and announcing plans to develop a speculative 1-million-square-foot Class A distribution and fulfillment center.
“Interstate Crossing will be successful for all the reasons our 35/820 @ Mercantile development was so successful, including its infill/last-mile location, proximity to a high concentration of available and high-quality labor, and easy access to I-820 and I-35W. Throw in interstate highway visibility and adjacency that you have with Interstate Crossing, and you have a very rare opportunity that speaks to the needs of distributors and e-commerce retailers to reduce transportation and labor costs in their respective supply chains,” said Hunt Southwest Vice President T. Preston Herold.
Located at 1511 Northeast Loop 820, Interstate Crossing’s features will include a 40’ clear height, cross-dock configuration, 196 dock-high doors, LED lighting with motion sensors throughout, an ESFR sprinkler system, and additional land for seasonal employee parking, extra trailer parking, or other ancillary uses. Construction on the facility will commence in the next 30 days, with completion slated for late third quarter 2019.
Becky Thompson and Reid Bassinger of Lee & Associates Dallas/Fort Worth brokered the sale of the land to Hunt Southwest, and Becky, Reid, and Trey Fricke will represent Hunt Southwest as the leasing team for Interstate Crossing.
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, office, retail, mixed-use, multifamily and residential real estate development in the southwestern U.S.
Hunt Southwest is a joint venture between Hunt Midwest and Unity Hunt. It is the second real estate development enterprise founded by the Lamar Hunt family, following the success of Hunt Midwest, which was established in 1985. The Hunt family business is a diverse portfolio of entities involved in real estate, sports/media, energy/resources, and private equity investments. Other marquee entities include the Kansas City Chiefs, FC Dallas Soccer Club, Toyota Stadium, Chicago Bulls and United Center.
For more information on Interstate Crossing, please click HERE.
Interstate Crossing images: Interstate Crossing 1 | Interstate Crossing 2