Developer Hines eyes Fort Worth industrial project
North Fort Worth is one of the D-FW area’s busiest warehouse building markets.
HInes recently sold its Southlink Logistics Center in southern Dallas.(Steve Brown )
Houston-based developer Hines is heading to North Fort Worth for its next Dallas-Fort Worth project.
Hines in the last few years has been growing its industrial building footprint in North Texas.
The commercial property firm recently sold a large distribution center in southern Dallas County.
Now Hines is planning a new warehouse project north of Alliance Airport near State Highway 114.
The more than 668,000-square-foot Northlink Logistics Center will cost almost $26 million and is planned to start construction late this year, according to planning documents filed with the state.
Mesquite business park goes to New York investor
Kohlberg, Kravis, Roberts & Co. recently made another industrial buy in southern Dallas County.
Dallas-based Urban Logistics Realty also developed the Urban District 30 business park in Mesquite.(Stream Realty )
A New York-based investor has snapped up a new Mesquite business park.
A unit of global investment firm Kohlberg, Kravis, Roberts & Co. acquired ownership of the first phase of the Urban District 30 industrial park.
Ground was broken in January 2020 for the five-building, 980,000-square-foot industrial project near Interstate 30.
Urban District 30 is a project of Urban Logistics Realty and a private real estate equity fund advised by Crow Holdings Capital. The development was projected to create almost 500 jobs.
New York investor takes Amazon’s Alliance Airport cargo hub as part of $570 million deal
Tarrant County distribution center has more than 1 million square feet of space.
The 1.1 million-square-foot air cargo hub was built in 2019.(Avison Young )
Chicago-based Mesirow Financial sold the Tarrant County building, which is occupied by Amazon.
The 1.1 million-square-foot distribution building was constructed in 2019 on Intermodal Parkway in Haslet. Alliance developer Hillwood worked with Amazon to bring the air cargo center to the airport.
Now Mesirow Financial has sold the building to a company affiliated with New York-based L&M Development Partners, Tarrant County deed records show.
Deal Ticker: U.K.-Based Immersive Adventure Experience Inks First U.S. Deal at Grandscape in The Colony
Plus AI healthcare company Pieces expands office footprint in Las Colinas, a 644,000-square-foot industrial park is headed to Sunnyvale, and more.
Electric Gamebox
Grandscape
Electric Gamebox, an immersive group adventure experience out of the U.K., is opening its premier U.S. location at Grandscape at The Colony on Dec. 23. The experience is designed to transport users into an immersive team adventure in the world’s smartest room a room that uses projection mapping, touch screens, and motion-tracking technology to deliver a mind-blowing, immersive team adventure.