AmStar Makes Foray into Spec Industrial

DENVER—With an eye toward capitalizing on shifting demographic and logistics trends, locally based Amstar has launched a program of speculative industrial development. The first three markets are Dallas/Fort Worth, Houston and Atlanta, with Amstar and its development partners building more than 1.2 million square feet across the three cities.

“These investments fit within Amstar’s industrial development strategy, which is focused on providing superior risk-adjusted returns by partnering with high-quality local development firms to acquire exceptional construction-ready sites in strong US industrial markets and adding value through the development and leasing of institutional quality class A industrial product,” says VP Tricia Noble. She adds that the company is pursuing additional industrial development opportunities in both the Southeast and Pacific Northwest totaling an additional 670,000 square feet.