GRAPEVINE, TX-AMB Property Corp. and Seefried Properties Inc. are closing in on vertical work for the first of three freight-forwarding buildings on 25 acres of ground-leased airport land. At build-out, the development will have more than 300,000 sf of new space targeting the airline industry’s steadily growing international cargo routes.

“We’re seeing huge growth at DFW International Airport with the freight business,” says Rick Medinis, executive vice president for Dallas-based NAI Robert Lynn, who’s marketing the AMB DFW Logistics Center for $5.75 per sf triple net with a $7 per sf tenant-improvement allowance. And as Medinis points out, the air freight trade is coming through on the west side of the airport and past the JV partners’ site at 1060 N. Airfield Dr.

Neal L. Harper, president of Dallas-based Cadence McShane Corp., tells that the 113,640-sf building’s slab will be poured this week and vertical construction coming in about six weeks on an 8.1-acre tract at the hard corner of Minters Chapel Road and North Airfield Drive. Delivery is planned for November. “It’s got a pretty quick schedule,” he says.

Based on local construction data, shell space construction for comparable space would range from $30 per sf to $35 per sf. The front-park, rear-load building will have 39 dock doors, with interiors divisible for takedowns as small as 15,000 sf and 24-foot clear heights.

The Atlanta-based Seefried is developing the project; San Francisco’s AMB is the owner, which also has 608,773 sf of on-tarmac space at the airport. Alliance Architects Inc. designed the logistics center. Teaming with Medinis to lease it is Tyson Erwin, an associate with NAI Robert Lynn.

“The timing of the other buildings really will be dictated by demand,” Medinis stresses. “And, demand is high right now.” He’s not making any best-guesses as to when the first deal will land, but interest has been steady from tenant prospects in a competitive arena that has nearly every large industrial developer, regional or national, either under way or planning to raise spec space on the airport’s revenue-generating commodity–ground-leased development tracts.

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

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 © 2024 ALM Global, LLC. All Rights Reserved.