Urban Logistics Realty will breathe new life into the historic, century-old Acme Brick Co. factory site in Denton, Texas. The parcel of vacant land will be home to Urban District 35, a four-building complex totaling 440,663 square feet of Class A industrial space.
Stretching between Interstate 35 and the brick plant, the master planned industrial park will feature 28- to 32-foot clear heights, 60-foot speed bays along with generous car and trailer parking. The plant was originally developed by Denton Pressed Brick Co. in 1901 and was purchased more than a decade later by Acme Brick Co.
Urban District 35 is expected to be delivered during this year’s last quarter. Urban Logistics Realty has selected Holt Lunsford Commercial to market the property after its completion.
The development is roughly 5 miles west of Denton Enterprise Airport, some 26 miles north of Dallas-Fort Worth International Airport and within 35 miles of Dallas Love Field Airport. Urban District 35 is almost equidistantly, roughly 38 miles away, from downtown Dallas and downtown Fort Worth.
Urban Logistics Realty is focused on acquisition and development within the Dallas-Fort Worth, Houston, Austin and Phoenix markets. Last January, the company broke ground on a nearly 1 million-square-foot industrial complex in Mesquite, Texas. A few months later, KKR acquired the five-building Urban District 30 and financed that purchase with a $82.8 financing package originated by Invesco Real Estate, according to CommercialEdge data.
Metro Dallas Leads Industrial Development
In 2021 through November, 294 million square feet of industrial space was delivered in the U.S., with an additional 555 million square feet underway, according to CommercialEdge data. Dallas-Fort Worth had 37.6 million square feet industrial space under construction, representing 4.6 percent of the total stock, as of November 2021. That put Dallas’ pipeline in the lead nationwide.
The booming industrial sector continued to attract investors to the Metroplex. Last August, Velocis chose Dallas as its industrial entry point and recently Transwestern Development Co. broke ground on two speculative industrial projects totaling nearly 2 million square feet.