(Read more on the industrial market.)

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WILMER, TX-Jones Development Co., marking its fourth project inthe state, is ready to roll out its largest, a 520,000-sf specindustrial building. The undertaking is the opening act for the327-acre Sunridge Business Park, which has a front-row seat toUnion Pacific Railway's intermodal yard in Dallas County's southernsector.

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The Kansas City, MO-based Jones Development, with backing fromthe Industrial Works Investment Fund, has been looking to breakinto the market for some time, says Roger Pavlovich, vice presidentand project executive for Dallas-based Cadence McShane Corp. Hetells GlobeSt.com that that 30.5-acre inroad is the first spec, butcertainly won't be the last for the developer's Dallasbreak-through. Sunridge, being developed by Cornell-Rader of FortWorth, is mapped out for eight industrial buildings with nearly 4.4million sf.

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The I-45 Tradeport I's shell construction alone will cost $11.4million. Cushman & Wakefield of Texas Inc. is preleasing thespace, featuring 107 truck doors, two drive-in doors and 32-footclear heights. Gromatzky Dupree & Associates is the architect;Cadence McShane, the general contractor.

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Pavlovich says the construction schedule has dirt work underway, water injection beginning today, concrete coming in early Julyand walls being tilted by Sept. 25. Deliver is penciled for January2008. Infrastructure work, which began last month, is adding twointerior streets, Sunridge Boulevard and Distribution Drive, withJones' site right at the hard corner and a stone's throw from theinterstate.

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"I-45 Tradeport is in a brand-new development in a primelocation," Pavlovich says. "This whole development will probablysell and lease quickly."

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Jones has picked up a key tract in the early development stagesof the San Diego-based Allen Group's 6,000-acre stronghold.As local brokerage circles know, the Allen Group has been the maindriver behind the southern sector's push to become an industrialportal like Hillwood's AllianceTexas in Tarrant County. Andpart of itsfoothold was the Sunridge developer's Southport tracts.

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Jones' other work in the state has been tied to Memphis-basedFedEx Corp., building its facilities all over the US. In Texas, ithas built a 30,047-sf building Weslaco, 33,871-sf structure inLaredo and two-building complex with 59,426 sf and 91,854 sf in ElPaso.

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