Southport Logistics Heart. Picture courtesy of Invesco Actual Property
A three way partnership between Invesco Actual Property and Bandera Ventures has damaged floor on Southport Logistics Heart, a two-building, 1.5 million-square-foot industrial park in Wilmer, Texas. Completion is anticipated within the third quarter of this 12 months.
JLL Managing Administrators Kurt Griffin and Nathan Orbin, alongside Senior Affiliate Dalton Knipe, are the property’s leasing brokers. Griffin anticipates varied capabilities inside the area, which might be exploited significantly throughout attainable re-shorings of producing operations.
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“Whether or not it’s serving as a hub for third-party logistics facilities, facilitating the distribution and achievement wants of e-commerce retailers or supporting varied manufacturing varieties available in the market, the middle provides versatile options for companies to optimize their operations, improve provide chain effectivity and meet their storage, distribution and manufacturing targets,” Griffin instructed Industrial Property Government.
An industrial improvement taking form close to Dallas
Situated in a delegated foreign-trade zone at 1900 Southport Parkway and 1701 E. Nice Run Street, Southport Logistics Heart includes two buildings of 746,420 and 744,452 sq. ft, respectively. The cross-dock services function 40-foot clear heights, 60-foot loading bays, 56- by 50-foot column spacing, 185-foot truck courts and depths of 620 ft. The campus is surrounded by full-circulation car queuing lanes with the flexibility so as to add guard shacks.
Located alongside Southport Parkway, the services are flanked by warehouses and processing services operated by Amazon and DHL amongst others. The buildings present direct entry to Interstate 45 and are 2 miles away from a Union Pacific intermodal freighting terminal, 15 miles from the Dallas Central Enterprise District and 35 miles from Dallas-Fort Price Worldwide Airport.
The property is adjoining to Southport Logistics Park, a 252-acre campus the place Nike signed a 1 million-square-foot lease earlier this 12 months, bringing the commercial park’s occupied area to greater than 2.5 million sq. ft. CJ Logistics can also be a tenant on the location.
