Bob Rice, Seefried's regional vice president, is pushing thesite at 3350 Trinity Blvd. for one of the build-to-suit deals inthe market, but he isn't ruling out spec down the road. He tellsGlobeSt.com that the land is banked until he leases up the 10%vacancy in the park unless a BTS offer comes along. For now, theleasing focus is a 150,000-sf opening due to Houston-based CEVAFreight Logistics LLC's relocation to a build-to-suit onground-leased land at Dallas/Fort Worth International Airport andthe just-delivered 328,828-sf RiverPark 700.

"We're getting just about built out in the park. The opportunitypresented itself. It made sense for a lot of reasons," Rice says."Basically, we're drafting off everything we've done and to expandthe park." The first building delivered in July 2002, nearly twoyears after Seefried bought the original 320 acres along the FortWorth-Grand Prairie border. The development now holds more than 4.1million sf of industrial and flex office space in one-time spec andBTS projects.

Seefried bought the land from Site Concrete Inc. of nearbyIrving, TX, which used it as an equipment storage yard for itsadjacent operation at 3340 Roy Orr Blvd. "From the city'sstandpoint, it will turn from a storage yard to a tax-revenueproducing, good-looking building," Rice says. "He was ready to selland we took advantage of it. Land is our raw material so we canmake our widgets."