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The continued use of e-commerce with a particular demand for cold storage due to grocery and meal deliveries led Crow Holdings to purchase a 700,644-square-foot freezer warehouse and distribution facility.
“Internet shopping, the deepening of the Panama Canal and the raising of the Bayonne Bridge have created the need for more warehouses and logistics facilities,” says AESI's president, Mike Novak.
In 2017, the county's commercial real estate values increased at a faster rate than residential values, with Beverly Hills and El Segundo leading the market.
The addition of Alliance Northport 3 adds the next generation of flexible industrial space to the AllianceTexas portfolio and expands the development's presence deeper into Denton County.