Join The Discussion

 

Fort Worth's TPG takes controlling interest in Hollywood, sports powerhouse

A Fort Worth firm has gone Hollywood.

read more >

Downtown Fort Worth TIF reaches parking agreement with four garages

The TIF board will meet Oct. 29 to consider the agreements.

read more >

Oil price drop goes unnoticed in Texas' Eagle Ford shale

CUERO, Texas — From her vantage point of the U.S. shale oil boom, Jill Potts doesn't see anything to worry about.

read more >

Renovated Daniel-Meyer to put TCU basketball in the spotlight

You might say the Texas Christian University men’s basketball team was the sacrificial lamb in the university’s football-motivated move from the Mountain West Conference to the Big 12 Conference. The rising

read more >

E-Mist finds focus: Ebola gives infection control start-up its moment in spotlight

In the space of 72 hours, George Robertson found his company’s products on the cover of The New York Times and himself on CNN and WFAA, along with innumerable mentions in various media around the world.

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?