Subaru Eyes DFW Industrial Expansion
Subaru of America plans to expand its Dallas Business Center in Coppell, Texas, by 200,000 square feet. Prologis, which is also the owner of the current facility, will develop the build-to-suit expansion. Completion is expected in late 2024, with occupancy slated to commence in early 2025.
Upon completion, the building will total 500,600 square feet. The developer aims for LEED certification, with the development planned to include EV charging stations and high-efficiency HVAC systems.
READ ALSO: Prologis, Blackstone Double Down on Data Centers, but Hurdles Remain
Of the new multi-purpose addition, 170,000 square feet will expand the existing Regional Distribution Center, which is used for storing and handling automotive parts. An additional 30,000 square feet will house the tenant’s Dallas-Fort Worth Zone office, as well as its Central Region sales and marketing operations, which it will relocate from Itasca, Ill.
Completed in 2016, the existing 300,360-square-foot facility is within Prologis’ Park 121, a 110-acre master-planned campus spanning some 1.4 million square feet. It features 36-foot clear heights and 500-foot depth, along with a 60-foot staging bay, parking for 176 cars and 40 trailer stalls.
Located at 360 N. Freeport Parkway, within a designated Foreign-Trade Zone, the property is at the intersection with State Highway 121 and has direct access to Highway 12. The facility is also some 5 miles north of Dallas Fort Worth International Airport, as well as 25 miles from Dallas and roughly 30 miles from Fort Worth.
The Metroplex’ robust industrial pipeline
As of March, the industrial construction pipeline in Dallas-Fort Worth totaled 24.5 million square feet, accounting for 2.6 percent of stock and placing the Metroplex second nationwide in terms of industrial space underway, according to a recent CommercialEdge report. These figures, however, represent a substantial, nearly 60 percent drop from the pipeline registered in the same period last year.
The metro also led industrial deliveries in 2023, with more than 61.7 million square feet coming online, representing a whopping 10 percent of existing stock. It also had the highest number of completed projects, with 175 properties being finalized last year.
The post Subaru Eyes DFW Industrial Expansion appeared first on Commercial Property Executive.
