California-based Majestic Realty Co. and Fort Worth-based Hickman Cos. will develop a 320-acre master planned business park called Majestic Fort Worth South Business Park in a joint venture. The 6M SF office, industrial and logistics park will be about three miles south of the intersection of Interstate 20 and Interstate 35 West.
The multi-building Phase 1 will deliver in June 2018 with 1.8M SF of industrial space that can accommodate users from 35K SF to 1.2M SF.
The first building will have 287K SF, 32-foot clear heights, 50 foot by 52 foot bay spacing, trailer parking, 66 dock doors and a 190-foot truck court.
The surrounding submarket has a low vacancy rate and a strong labor market, Majestic vice president Josh Wheeler said. Tenants in the submarket include Alcon, Ben E. Keith, Budweiser, Halliburton, FedEx, NFI, Tyson and Procter & Gamble.
Majestic has 9.5M SF of industrial space throughout Texas.
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