Breaking will be offline for scheduled maintenance Saturday July 24 5 AM US EST to 8:30 AM EST. We apologize for the inconvenience.


Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

IRVING, TX-Putting the deal to bed in four months, a Dallas investor has taken control of 39.9 acres for a speculative industrial development and lot sales, targeting small users in a submarket that caters to large operators. Construction will start in March on the first spec building, 22,500 sf on a 1.5-acre tract.

Leigh Holdings LLC had been looking for developable land for 18 months before it zeroed in on long-marketed acreage owned by Austin-based Temple-Inland Inc., Robert O. Fulford II, vice president with Grubb & Ellis Co. in Dallas, tells Matthew Hickey with Stanford Realty Advisors in Dallas was marketing the land along Valley View Lane for $1.50 per sf. “We beat that price,” says Fulford, who will handle preleasing and sales for Leigh Holdings.

Fulford says the development, still without a name, could end up with 250,000 sf, plus or minus. The plan is to fill the land with 20,000-sf to 40,000-sf buildings unlike its neighbors. “They’re all building and catering to large users,” he says. “Nobody’s really building these smaller buildings in this market right now.” Leigh’s land borders Koll Development Corp.’s CentrePort Business Park near the D/FW International Airport and is close to the Atlanta-based Seefried Properties RiverPark development.

The developer, who’s now mapping out the interior road, hired GSO Architects of Dallas to design the project. Fulford says another “three or four” spec buildings will come out of the ground in 2006. Rental rates have yet to be set, but land tracts, the smallest of which will be 1.5 acres, will start at $3.50 per sf, he says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.