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.
"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."
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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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.
