John Terrell, vice president of commercial development forDallas/Fort Worth International Airport, tells GlobeSt.com thatdevelopers had to have a user in tow in order to qualify for thelast four tracts. Because more than 18 developers had showninterest in the acreage, the DFW Airport Authority, for the firsttime, issued a request for proposals for the commercial land, whichis along Regent Boulevard and just north of Texas 114 and EstersBoulevard.

"Because the interest and demand in that park was so high, weended up on those last two sites by going to RFPs and the other twowe worked with developers who had users in tow," Terrell explains."We have a very good relationship with our developers. We didn'twant to pick someone arbitrarily and show favoritism." The decisionalso meant the authority could achieve a better lease deal, hesays.

Perot Development Co. of Dallas got a 35-acre tract, of which18.34 acres will hold the DB Schenker DallasCampus. Terrell says the site will be taken down in threestages.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.