DALLAS--(BUSINESS WIRE)--May 30, 2023--
Lovett Industrial, the Houston-based real estate investment firm, recently began construction on Trinity West Buildings II and III within the West Dallas submarket of Dallas, Texas. Building II is being constructed for a global logistics company and is a 763,960 square foot cross-dock facility. Building III, a 196,996 square foot warehouse, is being constructed on behalf of Dallas County. The buildings are part of the larger Trinity West Business Park development in Dallas, Texas located at the northwest corner of Singleton Boulevard and Norwich Street.
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Trinity West Buildings II and III within the West Dallas submarket of Dallas, Texas will consist of over 960K square feet. (Photo: Business Wire)
Colby Everett, Director at Lovett Industrial, commented, “Lovett Industrial is grateful for the opportunity to develop Buildings II and III at Trinity West on a build-to-suit basis. These will be first-class facilities in a truly unique location within a dynamic logistics market. This announcement represents partnerships with highly respected users who are a great fit for the park, and we look forward to the continued collaboration with current and future occupiers within the project.”
Located less than five miles west of Downtown Dallas and situated on 140 acres off Singleton Boulevard, Trinity West Business Park is the largest business park under development in infill Dallas. Its key location in the heart of the city provides immediate proximity to an abundant labor pool, along with excellent accessibility to freeways including I-30, I-35, and Loop 12. Additionally, the business park will feature robust circulation drives, significant queuing capacity, multiple access points, and excess trailer parking.
Upon completion Trinity West Business Park will consist of three buildings totaling just under two million square feet. In addition to Buildings II and III, Building I, completed recently, is a 1,005,200 square foot state-of-the art cross-dock building, which is available for lease to tenants and fielding requirements for 500K-1M square feet.
Marketing and leasing efforts for Trinity West are handled by Steve Berger of CBRE. The user/purchaser of Building II was represented by Brad Struck, Clint Manning and Darren Woodson of Cresa. The user/purchaser of Building III, Dallas County, was represented by Peter Jansen of CBRE. Arch-Con Corporation is the general contractor for both projects.
Trinity West Phase II is Lovett Industrial’s fifth industrial development in the greater Dallas-Fort Worth area. Other projects include Texport Logistics Center, Lovett 35 Logistics Park, Trinity West Phase I, Innovation Ridge Logistics Park, and Wylie Business Center, which comprise over 4.1 million square feet of completed and under construction space. Lovett Industrial currently is active in 6 additional markets across the U.S. and has approximately 7 million square feet under construction companywide.
About Lovett Industrial:
Founded in 2020 and based in Houston, Texas, Lovett Industrial is a privately held vertically integrated logistics real estate investment platform that seeks to develop and acquire industrial real estate assets that are differentiated by their quality, location, and functionality. Currently active in 7 markets across the United States, Lovett Industrial’s portfolio consists of approximately 14.3 million square feet of completed, acquired, and under construction warehouses and in excess of 9 million square feet of warehouses planned for future development. Lovett Industrial’s founders have combined over 60+ years of experience in the commercial and industrial real estate sectors. For more information, please see our website at https://lovettindustrial.com/.
View source version on businesswire.com:https://www.businesswire.com/news/home/20230530005033/en/
CONTACT: Paige Chiang
paigec@lovettindustrial.com
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: REIT BUILDING SYSTEMS OTHER CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY
SOURCE: Lovett Industrial
Copyright Business Wire 2023.
PUB: 05/30/2023 01:02 PM/DISC: 05/30/2023 01:01 PM
http://www.businesswire.com/news/home/20230530005033/en
