Jeff Turner, senior vice president of the Indianapolis-based Duke's Dallas/Fort Worth region, says the Kingsley Distribution Center will be going vertical in three weeks at 3200 Kingsley Rd. The one-off project is ticketed for a 24.6-acre tract, one of just a few undeveloped sites in its submarket. "There are only three or four sites left and we own one of them," Turner tells GlobeSt.com. "It's one of the last infill sites left."
The class A industrial building was designed by Carlos Fernandez Architects in Dallas. The structure, with 32-foot clear heights, is rail-served and sits in a Triple Freeport area. The city has seeded with a five-year tax abatement. Duke's marketing the space for $3 per sf to $3.35 per sf with a 3% to 8% office finish-out.
Turner says Garland's large industrial spaces have rapidly dwindled with the market uptick. "Our interest has been very good from existing Garland tenants to new Garland tenants," he says.
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