{"id":1004605160,"date":"2022-10-03T04:07:59","date_gmt":"2022-10-03T12:07:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004605160"},"modified":"2023-04-19T02:19:26","modified_gmt":"2023-04-19T10:19:26","slug":"its-logistics-signs-1-msf-lease-at-dallas-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/its-logistics-signs-1-msf-lease-at-dallas-industrial-park\/","title":{"rendered":"ITS Logistics Signs 1 MSF Lease at Dallas Industrial Park"},"content":{"rendered":"
\"\"<\/a>

NorthPoint Development. Image courtesy of Cresa<\/p><\/div>\n

Third-party logistics company ITS Logistics<\/strong> has leased a more than 1 million-square-foot distribution center at NorthPoint Development<\/strong>\u2019s newest build-to-suit, Intermodal Logistics Center, in Fort Worth, Texas. Cresa<\/strong> represented ITS.<\/p>\n

The location will serve as the 3PL\u2019s first distribution center in Texas.<\/p>\n

The building broke ground in August and will feature a 40-foot clear ceiling height, 200-plus dock doors and parking for more than 200 trailers. It\u2019s expected to be completed in July 2023.<\/p>\n

\n

READ ALSO<\/strong>: What\u2019s Driving Industrial Property Management Today<\/a><\/p>\n

\n

Intermodal Logistics Center is a seven-building, Class A industrial park serving the Dallas\u2013Fort Worth metro and adjacent to BNSF\u2019s Alliance Intermodal facility, FedEx and UPS regional hubs, Fort Worth Alliance Airport, and Interstate 35W. So far, three of the seven planned warehouse\/distribution facilities have been completed.<\/p>\n

NorthPoint did not reply to Commercial Property Executive<\/em>\u2019s request for additional information.<\/p>\n

The Dallas-based Cresa team that represented ITS included Brad Struck, Clint Manning and Darren Woodson, along with Cresa industrial services partner John Bollman.<\/p>\n

ITS is headquartered in Reno, Nev., and employs more than 900 personnel in Nevada, California, Indiana, Washington, Oregon, Utah, Arizona, Ohio, Georgia and Pennsylvania. With this new lease, the company\u2019s U.S. distribution space now totals more than 3 million square feet.<\/p>\n

Fast-paced Metroplex industrial market<\/h2>\n

The DFW metro\u2019s industrial space market is enjoying near-record leasing activity (12.2 million square feet in the second quarter) and a high level of space already spoken for\u2014more than 26 percent of the 60.5 million square feet currently in the pipeline is preleased or built-to-suit\u2014according to a recent report from JLL<\/strong>.<\/p>\n

The North Fort Worth submarket has a tight 3.1 percent average vacancy on its inventory of about 94.5 million square feet of warehouse\/distribution space. The average asking rent there is $5.57, also according to JLL.<\/p>\n

In April 2021, NorthPoint acquired a 19.2-acre site in Tampa, Fla., on which the developer planned to break ground immediately on an approximately 297,250-square-foot master-planned industrial project, Tampa Airport Logistics Center<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

This location will serve as the 3PL\u2019s first distribution center in Texas.<\/p>\n","protected":false},"author":882,"featured_media":1004605192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1586,21782,21808,22251,21748,21742,51973],"tags":[34279,32796,38189],"class_list":["post-1004605160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-dallas","category-development","category-featured","category-in-focus","category-industrial","category-latest","category-southwest","tag-cresa","tag-jll","tag-northpoint-development"],"acf":[],"yoast_head":"\nITS Logistics Signs 1 MSF Lease at Dallas Industrial Park - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"ITS Logistics has leased a distribution center at NorthPoint Development\u2019s build-to-suit Intermodal Logistics Center in Fort Worth, Texas.\" \/>\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\/its-logistics-signs-1-msf-lease-at-dallas-industrial-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ITS Logistics Signs 1 MSF Lease at Dallas Industrial Park\" \/>\n<meta property=\"og:description\" content=\"ITS Logistics has leased a distribution center at NorthPoint Development\u2019s build-to-suit Intermodal Logistics Center in Fort Worth, Texas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/its-logistics-signs-1-msf-lease-at-dallas-industrial-park\/\" \/>\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=\"2022-10-03T12:07:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-19T10:19:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/NorthPoint-Development-featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\/its-logistics-signs-1-msf-lease-at-dallas-industrial-park\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/its-logistics-signs-1-msf-lease-at-dallas-industrial-park\/\",\"name\":\"ITS Logistics Signs 1 MSF Lease at Dallas Industrial Park - 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