DFW Park 161 will eventually total more than 2.4 million square feet on 196 acres at the DFW Airport.
IRVING, TX—Invesco Real Estate and Perot Development Company have broken ground on the first development phase for a massive logistics center project, DFW Park 161, which will eventually total more than 2.4 million square feet on 196 acres at the east end of the DFW International Airport. The site fronts the President George Bush Turnpike/State Highway 161, adjoins the DART Orange Line and is directly across the freeway from the DART Belt Line station.
Phase one of the project will encompass three global e-commerce hubs known as Logistics Centers IX, X and XI, totaling more than 1 million square feet and developed on a speculative basis due to expected strong marketplace interest. Phase two of the project will be a future build-to-suit e-commerce hub, Logistics Center VIII, potentially exceeding 1.4 million square feet in size.
DFW Park 161 is a joint venture between Invesco Real Estate, the global real estate investment business of Invesco Ltd., and Perot Development Company, with First United Bank providing financing support. Halff Associates is serving as the project architect and civil engineer, and Peinado Construction is the general contractor.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
