{"id":1004233876,"date":"2018-06-07T02:36:05","date_gmt":"2018-06-07T10:36:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004233876"},"modified":"2022-12-08T11:13:48","modified_gmt":"2022-12-08T19:13:48","slug":"duke-realty-builds-635-ksf-warehouse-in-dallas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/duke-realty-builds-635-ksf-warehouse-in-dallas\/","title":{"rendered":"Duke Realty Builds 635 KSF Warehouse in Dallas"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

\"Jeff<\/a>

Jeff Thornton, Duke Realty\u2019s senior vice president, Texas<\/p><\/div>\n

Duke Realty Corp. is constructing a new 635,000-square-foot bulk distribution facility in Flower Mound, Texas, and has preleased 71 percent of the property to PPG Industries Inc., which will utilize 450,000 square feet as a distribution center for its architectural paints and coatings.<\/p>\n

\u201cWe\u2019ve owned the site for a little while, and this is one of the last good, 500,000-square-foot-plus industrial sites on the north side of the airport,\u201d<\/em> Jeff Thornton, Duke Realty\u2019s senior vice president of Texas, told Commercial Property Executive<\/em>. \u201cThis is truly an infill submarket where there\u2019s no land available for future development. We\u2019ve been holding the site looking for the right tenant and located that in PPG.\u201d<\/em><\/p>\n

A remaining 185,000 square feet of the building is still available for lease.<\/p>\n

\"Rendering<\/a>

Rendering of 1001 Lakeside Parkway in Flower Mound, Texas<\/p><\/div>\n

\u201cWe have it listed for lease and we\u2019re bringing it to the market as speculative space,\u201d <\/em>Thornton said. \u201cThe market in Dallas has been so strong the last five to six years, that we believe we\u2019ll release that space very quickly. Absorption for Dallas\/Fort Worth has really been on a record-setting pace the last three years and tenant demand has been very high.\u201d<\/em><\/p>\n

The distribution facility will feature 36-foot clear heights, cross-docks and will incorporate state-of-the-art, modern features, including energy efficient lighting and exterior features such as landscaping upgrades.<\/p>\n

A promising area<\/strong><\/h2>\n

Located at 1001 Lakeside Parkway, the development will be situated in Duke Realty\u2019s Lakeside Ranch business park<\/a>, which is north of DFW International Airport. According to Thornton, the facility will offer exceptional highway access that will help enhance PPG\u2019s ability to efficiently serve its customers in the southwestern United States.<\/p>\n

Lakeside Ranch Business Park is one of more than a dozen industrial developments Duke Realty owns<\/a> in North Texas. In fact, in the Dallas-Fort Worth area alone, Duke Realty owns, manages, or has under development more than 15.8 million square feet of industrial properties.<\/p>\n

\u201cThe Dallas\/Fort Worth Metroplex is the second-largest market for Duke Realty in terms of square footage, second only to our Indianapolis portfolio,\u201d<\/em> Thornton said. \u201cWe\u2019re very active here and really like the portfolio given the buildings are all newer; it\u2019s a relatively young portfolio. Given the growth of this area and the regional distribution-nature of this area, Dallas\/Fort Worth is a great place going forward.\u201d<\/em><\/p>\n

The property is expected to be finished in May of 2019.<\/p>\n

JLL\u2019s Trevor Ragsdale, Craig Jones and Tom McCarthy brokered the transaction, while Duke Realty Vice President Randy Wood represented the company in the lease.<\/p>\n

In May, Duke Realty acquired two industrial facilities<\/a> totaling 119,431 square feet in Fullerton, Calif., for $22.8 million. <\/p>\n

Image courtesy of Duke Realty Corp.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The REIT is developing a 635,000-square-foot bulk distribution facility in Flower Mound, Texas, most of which will be occupied by PPG Industries.<\/p>\n","protected":false},"author":451,"featured_media":1004233890,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21782,21808,21748,21742],"tags":[33010,40584,32796,38106],"class_list":["post-1004233876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-featured","category-industrial","category-latest","tag-duke-realty-corporation","tag-jeff-thornton","tag-jll","tag-ppg-paints"],"acf":[],"yoast_head":"\nDuke Realty Builds 635 KSF Warehouse in Dallas - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/duke-realty-builds-635-ksf-warehouse-in-dallas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Duke Realty Builds 635 KSF Warehouse in Dallas\" \/>\n<meta property=\"og:description\" content=\"The REIT is developing a 635,000-square-foot bulk distribution facility in Flower Mound, Texas, most of which will be occupied by PPG Industries.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/duke-realty-builds-635-ksf-warehouse-in-dallas\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-07T10:36:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T19:13:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Jeff-Thornton.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/duke-realty-builds-635-ksf-warehouse-in-dallas\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/duke-realty-builds-635-ksf-warehouse-in-dallas\/\",\"name\":\"Duke Realty Builds 635 KSF Warehouse in Dallas - 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