Picture courtesy of NAI Robert Lynn
EastGroup Properties has damaged floor on the second section of its Basswood 35 industrial growth in Fort Value, Texas.
Section II of the Class A undertaking will encompass three buildings totaling 351,000 sq. ft. The positioning will in the end host a complete of seven buildings. The 882,000-square-foot advanced will likely be located on 61.5 acres close to I-35 W, with development anticipated to wrap by the tip of 2023.
One constructing may have 89,741 sq. ft of house obtainable, whereas the opposite two may have 130,750 sq. ft every, together with house for rear load and entrance load configurations and a number of storefront entries.
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Section III of the undertaking will in the end see the development of a 96,000-square-foot rear load and 197,400-square-foot cross dock constructing on the positioning.
A NAI Robert Lynn workforce led by Managing Principal & Fort Value President Todd Hubbard, Principal & Government Vice President Michael Newsome, Government Vice President Jeff Jackson and Transaction Supervisor Joe McLiney will characterize EastGroup within the undertaking’s leasing.
Section I totaled 237,400 sq. ft throughout two buildings and was one hundred pc preleased to a quartet of tenants earlier than shell supply.
Solar Belt-focused EastGroup owns over a dozen properties within the Lone Star State, together with the 611,000-square-foot DFW International Logistics Centre, close to Fort Value in Grapevine, Texas. The Jackson, Miss.-based firm bought the undertaking in a $89.7 million deal in 2021.
