DENVER—With an eye toward capitalizing on shifting demographicand logistics trends, locally based Amstar haslaunched a program of speculative industrialdevelopment. The first three markets are Dallas/Fort Worth, Houstonand Atlanta, with Amstar and its development partners building morethan 1.2 million square feet across the three cities.

“These investments fit within Amstar's industrial developmentstrategy, which is focused on providing superior risk-adjustedreturns by partnering with high-quality local development firms toacquire exceptional construction-ready sites in strong USindustrial markets and adding value through the development andleasing of institutional quality class A industrial product,” saysVP Tricia Noble. She adds that the company ispursuing additional industrial development opportunities in boththe Southeast and Pacific Northwest totaling an additional 670,000square feet.

In June, Amstar and development partners HuntingtonIndustrial Partners and Seefried IndustrialProperties broke ground on Riverpark 1000, a145,579-square-foot light industrial facility in the GreatSouthwest submarket of Dallas. Located off West Trinity Boulevardand less than 10 miles from DFW International Airport, the propertywill feature a rear-loading configuration, 32' clear height, andabundant trailer parking. CBRE is handling leasingassignments for the property, which is scheduled for completion inthe fourth quarter.