Join The Discussion

 

Trademark closes on 63-acre Waterside site in Fort Worth

Construction begins Oct. 20 on the development, to be anchored by a Whole Foods Market.

read more >

UPDATE: $215M hotel, indoor ski project planned for Grand Prairie

Officials in Grand Prairie are expected later today to announce a $215 million project that will include a Hard Rock Hotel and an indoor ski facility.

read more >

Two Fort Worth council members propose temporary single-family moratorium around TCU

The moratorium would apply to new permits for single-family homes around TCU, and give the city time to figure out what to do with a controversial proposed overlay in several neighborhoods around the university.

read more >

Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

read more >

Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

read more >

Trammell Crow, partner, plan large industrial park at Alliance

A rendering of the planned speculative industrial development by Trammell Crow and a partner. 

Robert Francis

rfrancis@bizpress.net

A joint venture has purchased a 314.4-acre property in the Alliance area for the construction of 1.6 million square feet in speculative industrial space.
Dallas-based Trammell Crow Co., in a joint venture with Prudential Real Estate Investors, the real estate investment management and advisory business of Prudential Financial Inc., have completed the purchase of the property located at the northwest corner of Interstate-35W and Eagle Parkway in northeast Fort Worth. Trammell Crow announced the deal Jan. 7.

Terms of the deal were not disclosed. The joint venture purchased the land from Intel Corp., which purchased the land just prior to the tech bust in the late 1990s, with plans for a computer chip plant.


The project, named Trammell Crow 35/Eagle, will comprise 1.6 million square feet of speculative industrial space, making it the largest project of its kind in Trammell Crow Co.’s 65-year history in Dallas/Fort Worth, according to the company. The project is expected to be completed in 2014. Full build-out of the park will include over 4.2 million square feet of office, retail and industrial product.


This speculative industrial project joins Hillwood’s two speculative industrial projects at Alliance, announced last year.
“We are pleased to continue our relationship with Prudential Real Estate Investors in the Dallas/Fort Worth Metroplex and deliver a Class A office and industrial product on the best sites in the area’s top submarkets,” said Scott Krikorian, managing director with Trammell Crow’s Dallas/Fort Worth Business Unit. “This is a milestone project for us and we’re excited to be a part of it. The Alliance market is a branded destination for sophisticated users and has a strong demand for first generation space. This development will provide tenants with modern amenities, as well as efficient access to local highways, intermodals and airports.”
Plans for the land site include two speculative industrial buildings, Building B comprising 1 million square feet and Building D comprising 548,495 square feet, totaling 1 .6 million square feet of Class A space. The project is located less than a mile away from Alliance Airport, as well as north and southbound exits and entrances at Eagle Parkway and I-35W. The project is also located within three miles from the headquarters for the BNSF Railway. The joint venture will seek LEED certification for the project.
 

< back

Email   email
hide
Ebola
How worried are you about Ebola spreading?