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Urban sprawl has become a notable strain on residents, infrastructure, and local budgets, but many cities still have a lot of available land in their CBDs.
Interwood Business Center features 24-foot clear heights, dock-high loading, 130- to 190-foot truck courts and both rear-load/cross-dock configurations, allowing accommodation for a wide swath of tenants.
During the past seven years, the office employment sector has grown by nearly 25%, which is best exemplified in the development pipeline as DFW struggles to keep up with this raging demand.
The two-story White Building totals 29,042 square feet, split between retail condominium space on the ground floor and an office condominium on the second floor. The second floor office condominium will remain occupied by the White Family Law Firm.
Panelists here at ICSC RECon agree that the extraordinary speed of advancement in technology will disrupt all sectors of retail real estate but note that those to embrace the revolution will prosper.
"This is an excellent example of Capital Square 1031's strategy – helping investors acquire an interest in a higher quality replacement property than they could afford to purchase on their own," says Louis Rogers of Capital Square 1031.