(Read more on the industrial market.)
GRAND PRAIRIE, TX-Duke Realty Corp., taking a cue from InlandEmpire construction, is moving dirt on a 50.8-acre site to buildthe largest spec warehouse in Dallas/Fort Worth. Grand Lakes IIwill weigh in at 1.06 million sf, nearly the equivalent of sevenfootball fields.
"I'm almost sure that no one's ever built a one-million-sf specbuilding in Texas before," Jeff Turner, senior vice president ofIndianapolis-based Duke's Dallas operations, tells GlobeSt.com. "Toput it into perspective if you laid the Empire State Building onits side, this building would be longer than that." The all-indevelopment cost is pushing $30 million. Delivery is penciled forFebruary 2008.
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