FORT WORTH--Ridge Development will construct a two-building, dual-rail served industrial park totaling more than 600,000 square feet on 47 acres in Railhead Industrial Park in north Fort Worth.

The development, owned by a joint venture between Ridge Development and LaSalle Investment Management, is expected to break ground in second-quarter 2015; the first structure is a speculative building totaling 299,000 square feet, estimated for completion by year-end. The second building is currently being marketed as a build-to-suit opportunity with a potential 343,000 square feet.

“A unique feature of our development is the fact that it can accommodate the services of the two class I railroads--BNSF and Union Pacific,” Kent Newsom, executive vice president of Ridge Development, the industrial development arm of Transwestern Development Co., told GlobeSt.com. “The fact that our development has this capability places it in a rare and advantageous position for a select group of users seeking this enhanced level of service. The primary benefit of dual rail service is it pits the two major class I railroads against each other in terms of pricing and service, thereby driving down transportation cost.”

Planned for the southeast corner of North Main Street and East Industrial Road, the first building will offer flexibility for single- or multi-tenant usage, with storage and distribution space from 75,000 square feet to 299,000 square feet.

“The low vacancy levels in buildings under 300,000 square feet coupled with the limited availability of rail-served product in Dallas-Fort Worth are leading drivers for Ridge to commence its speculative development,” says Rob Dye, vice president of Ridge Development. “Provided the flurry of big-box development over the last few years, Ridge sees opportunity in smaller, infill product and has focused its attention to these types of developments.” 

Trey Fricke and Reid Bassinger of Lee & Associates are providing leasing services for the development.