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Rapid demand for pre-built industrial hubs in Dallas-Fort Worth prompted Hunt Southwest Real Estate Development to launch two logistics-centered construction projects in Denton and Forney this month.
DFW industrial is super-heated, with rents on the rise and groundbreakings and acquisitions coming fast and furious across the metro. DFW industrial users absorbed 22M SF in 2020, according to JLL, and more than 32M SF in new industrial space delivered last year, about 70% of it speculative.
The two projects come on the heels of eight other Hunt Southwest speculative industrial developments, including the recently completed 1M SF Interstate Crossing industrial center in Fort Worth, which the developer just leased out in full to Amazon.
One of the new projects is I-35 Convergence, a two-building center in Denton's Westpark Industrial Park on Western Boulevard in Denton. The site offers a 250K SF cross-deck facility with 32-foot clear heights. The developer also has another 17-acre site in the area set aside for a future 100K to 250K SF build-to-suit industrial development.
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The second groundbreaking, which is scheduled for April, is a 712K SF building in a 45-acre site inside Gateway East Industrial Park in Forney.
Known as Gateway East Trade Center, the project is accessible from Highway 80 and has 40-foot clear heights, a triple freeport exemption and a vast amount of trailer parking.
Hunt Southwest hired Cushman & Wakefield's Kurt Griffin, Nathan Orbin and Stuart Smith to handle leasing for the Gateway East Industrial Park site, while the brokers leasing I-35 Convergence in Denton include Colliers International's Tom Pearson, Chris Teesdale and Brad Balke.
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