DALLAS—On the heels of another speculative project underway inEl Paso, VanTrust Real Estate LLC recently broke ground on a 1million-square-foot speculative industrial building in southernDallas. Located south of Interstate 20, DalParc Logistics Center ispart of a planned 200-acre logistics park anchored by Amazon andL'Oreal that will serve the growing e-commerce, logistics andmanufacturing markets in North Texas.

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"Southern Dallas is experiencing tremendous industrial growth asmore companies work to transform and reinvest in this part of NorthTexas," said Bill Baumgardner, executive vice president at VanTrustand head of the company's Texas office. "With the vacancy ratedecreasing to 7.9%, we believe southern Dallas is going to be thenext industrial hotspot that can accommodate our customers' needsfor speed-to-market delivery as consumer behavior changes."

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North Texas continues to be a desirable industrial destination.In the first half of 2020, nearly 8.2 million square feet ofindustrial space was absorbed throughout the region. SouthernDallas experienced a 2.6 million square foot total net absorptionduring that timeframe, the highest of all six main industriallocations in Dallas, according to CBRE.

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"As consumers continue to rely heavily on e-commerce, demand forlarge-scale distribution facilities is considerably increasing,"said Josh Meredith, director of development at VanTrust. "This isundeniably clear in the Dallas market. DalParc Logistics Center'sproximity to three major interstates and the Union Pacific DallasIntermodal Terminal make this a highly desirable destination fore-commerce fulfillment."

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In addition to its central geographic location and access torail, air and ground transportation options, DalParc LogisticsCenter offers a wide range of strategic advantages. Among these areTexas' business-friendly atmosphere including the lack of a stateincome tax, a climate that keeps logistics moving year-round and aplentiful workforce. North Texas is also an attractive option fore-commerce and logistics operations due to the availability ofindustrial space and class-A offices, giving businesses the optionfor both corporate offices and manufacturing/distribution centersin close proximity to ensure any issues can be addressed quicklyand efficiently.

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The logistics center is slated for completion in July 2021.Phase I of VanTrust's El Paso logistics park is slated forcompletion in early 2021 and phase II will commence upon completionof the first phase.

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"The multiple projects that VanTrust is kicking off in Texasspeak to the volume of e-commerce and logistics demands across thecountry," Meredith tells GlobeSt.com. "Each market has its uniquerole in the supply chain. In El Paso, we see the same users thatare in Dallas but on a smaller scale. The shallow bay product thatVanTrust is building in El Paso meets the regional demand andcomplements the manufacturing industry in Juarez. Dallas is a bigbox and bulk user market. At over 1 million square feet, DalParcLogistics Center is designed to meet the requirements of a largee-commerce user with a 40-foot clear height, and excess auto andtrailer parking."

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Nathan Lawrence and Krista Raymond of CBRE will be leasing theDallas project. The project contractor is MYCON GeneralContractors, the architect is Alliance Architects and the civilengineer is Kimley-Horn.

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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.