A just-started infill industrial development in Arlington is already in the sights of a tier-one supplier for the city’s General Motors plant.
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During a groundbreaking event this week for the more than 78K SF industrial infill project, Box Investment Group founding partner Todd Marchesani said the company had received an inquiry about leasing the speculative Box 30/360 building from an unidentified supplier for the automotive plant, the Dallas Business Journal reported.
The project is expected to be delivered in Q4 of this year.
Marchesani said the project could be a catalyst for further development in that area of Arlington.
Located at 1145 107th St. in Arlington, Box 30/360 is just north of the Texas Department of Transportation’s $300M interchange for Interstate 30 and State Highway 360. The building will offer a 32-foot clear height and will be suitable for tenants ranging from 22K SF to more than 78K SF.
Arlington Mayor Jim Ross heralded the infill development at the site of a former hotel as a win, given the city doesn’t have a lot of space for new construction.
“Whether it's industrial, whether it's commercial, whether it's retail, it still has the same type of impact,” Ross said.
Box 30/360 is the Dallas-based firm’s fifth investment in the Metroplex.
In February, Superior Floors bought a more than 50K SF warehouse Box Investment Group developed at 2701 S. State Highway 121 Business in Lewisville. That followed Box Investment preleasing its nearly 80K SF warehouse at 1401 Lakeside Parkway in Flower Mound to Alford Media Inc. in January. That warehouse is slated to be delivered by the end of the year.
“These projects represent our core thesis, building smaller, highly functional industrial product in key infill locations that can be quickly leased or sold to users,” Marchesani said in a statement.
“The Lewisville deal and our previous sale in Irving in 2023 pushed pricing benchmarks for user sales in the DFW Airport submarket, reinforcing our investment thesis of lease or user sale strategy.”
In addition to new industrial development, Arlington is also attracting new retailers at a nearly 20-year-old shopping center. Fairbourne Properties and AEW Capital Management completed the first phase of their $30M renovation of the 715K SF Arlington Highlands open-air shopping center earlier this year.
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