Crow Holdings Breaks Ground on 511 KSF Dallas Campus
Crow Holdings Development has broken ground on Core30 Logistics Center, a 511,000-square-foot, two-building industrial campus in Dallas. Completion is scheduled for the first quarter of next year.
Stream Realty Partners Managing Director Matt Dornak and Vice President Ridley Culp were tapped as leasing agents. Other partners for the project include general contractor McFadden and Miller and architecture firm Azimuth Architecture.
Crow Holdings Development acquired the 33-acre site in March 2022, according to CommercialEdge information. A few months later, the developer took out a $35.8 million construction loan originated by Bank of Texas, public records show. That note is set to expire in September 2026.
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The campus will include a 300,347-square-foot, cross-dock facility and a 210,653-square-foot front-load building. The two last-mile warehouses are rising at 5323 Lawnview Ave. in the East Dallas submarket, providing easy access to Interstate 30. The development is also within 5 miles of downtown Dallas, while the DFW International Airport is less than 24 miles away.
Dallas ranked second nationwide for industrial development
The Dallas-Fort Worth’s industrial pipeline remained strong at the start of the second quarter, with almost 23.4 million square feet under construction as of April, according to the latest CommercialEdge industrial report. It was surpassed only by Phoenix, which had 41.8 million square feet underway. The Metroplex also had a strong cold storage market, as 3.7 million square feet were delivered since the start of 2022, while no other market saw even 1 million completed in this time frame.
In March, Stonemont Financial completed Sunridge Industrial Park, a 565,259-square-foot facility in Wilmer, Texas. This marked the company’s 12th development in the state in four years and brought its portfolio in the area to about 2.5 million square feet.
During the same month, Creation finished work on Fort Worth Commerce Center, a three-building, 531,601-square-foot campus in North Fort Worth, Texas. This three-building property was already 70 percent preleased at completion.
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