Two New Major Industrial Projects Start Up in Texas

This week, two developers have announced major industrial projects in the Texas market. Black Creek Group has acquired 165 acres in Dallas to build the two-building, 2 million-square-foot I-20 Logistics Park, which will be the largest project in the firm’s history. Simultaneously, Rastegar Industrial announced that it plans to develop a 530,000-square-foot near Tesla’s Gigafactory in Austin.

The I-20 Logistics Park has been in the works for two years with Archway Properties, Black Creek’s co-developer, assembling more than 40 land parcels split among 18 properties to create the desirable site. Now, the property is one of the largest development sites along the I-20 Corridor, the area for which the property takes its name.