VanTrust Real Estate has built two industrial buildings in its southern Dallas County project and plans to start work on the third.
By Steve Brown
8:36 AM on Jul 30, 2020
Developers are building another huge warehouse project in southern Dallas County.
VanTrust bought land for the 200-acre project five years ago and has completed two industrial buildings in the development.
“Southern Dallas is experiencing tremendous industrial growth as more companies work to transform and reinvest in this part of North Texas,” Bill Baumgardner, executive vice president at VanTrust and head of the company’s Texas office, said in a statement. “With the vacancy rate decreasing to 7.9%, we believe southern Dallas is going to be the next industrial hotspot that can accommodate our customers’ need for speed-to-market delivery as consumer behavior changes.”
The almost $34 million project would be ready by next summer, according to filings with the state.
Richardson’s Alliance Architects designed the building.
The warehouse plans come on the heels of VanTrust’s recent announcement that it will develop a speculative office building in McKinney. The 115,000-square-foot McKinney Corporate Center II building will be constructed near State Highway 121 in Craig Ranch.
VanTrust Real Estate is also a partner in the $2 billion Frisco Station development on the Dallas North Tollway in Frisco.
The area where VanTrust is planning its new warehouse project is already seeing widespread industrial development. Several major leases have recently been signed in the district south of I-20 by companies including FedEx and Mars Petcare.
Dallas-Fort Worth is one of the country’s fastest-growing industrial building markets with more than 23 million square feet of construction.