DALLAS--Ridgeline Property Group (RPG) and its capital partner Stockbridge Capital Group have purchased a 29.5-acre parcel in the South Dallas industrial submarket that will be the site of a 453,600-square-foot distribution facility.

Eagle Park 2035, named for its location at the intersection of I-20 and I-35, will begin construction next month, and is scheduled to deliver in first-quarter 2016.

RPG and Stockbridge Capital Group purchased the site, located within Eagle Business and Industrial Park, from Danieldale/35E No. 2 Ltd. The purchase price was not disclosed. JLL executive vice president Kurt Griffin and senior vice president Nathan Orbin represented the buyer and seller in the transaction, and have been selected to market Eagle Park 2035 for lease.

“The size of this distribution center fits the demand we're seeing in South Dallas,” Orbin told GlobeSt.com.

“With the strategic location providing immediate access to I-20 and I-35 and the facility's state-of-the-art design features, Eagle Park 2035 will be ideally suited to meet the requirements of modern distribution operations,” says Greg Thurman, CEO of RPG.

Thurman agrees that the pace of construction activity in South Dallas has “picked up significantly,” with many speculative projects enjoying successful pre-leasing activity.

“However, much of the current construction is comprised of build-to-suit projects of 650,000 square feet and higher,” adds Thurman. “Eagle Park 2035 will offer design flexibility enabling it to accommodate a single tenant or multiple tenants of 150,000 square feet and higher.”

Located on Centre Park Drive, Eagle Park 2035 will feature 32-foot clear heights, early suppression fast response (ESFR) fire sprinklers, 185-foot dual truck courts and abundant trailer storage. The 400-acre Eagle Business and Industrial Park is home to numerous tenants including Solar Turbines (a Caterpillar Inc. company), Kohl's, Sam's Club/Wal-Mart Stores and Kauffman Tire. The business park is nearby Dallas Executive Airport.